Category “Country”

Panama

Monday, 13 April, 2009

The country Panama or officially known as the Republic of Panama is found in the southern most part of Central America. It is found between both North as well as South America forming a transcontinental nation. Its size is about 75,000 km² and has an estimated population of 3,300,000. The capital of Panama is the Panama City. It has a vast coastal area since it is surrounded by the Caribbean Sea in the north and the Pacific Ocean in the south. Panama is well known for many international business centers and one of the country in the world to have a faster growing economy. It stands as the fourth largest economy in Central America.

The tropical climate of the country has favored the growth of rich flora. The country’s dominant feature is its central spine of mountains and hills. Panama is a country known for tourism. The well established coastal area serves as a major tourist attraction. Moreover there many companies investing a large sum of money in beachfront properties such as villas, condos, etc containing other additional features like garden, swimming pool, horse riding, etc. These companies mainly focus on people who are living in Panama or those who have decided to retire in Panama.