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Republic of Panama

República de Panama

The country of Panama was named after a village near the modern capital city. The name is either from the Cueva Indian language and means "place of abundance of fish" or "place of many fish," or from the Caribe word for "abundance of butterflies."

map of Panama

Location Central America
Bordered By Costa Rica, Colombia

Area 29,209 sq mi (75,650 sq km)
Greatest Distance N-S 130 mi (209 km)
Greatest Distance E-W 450 mi (724 km)
Coastline, Caribbean Sea 426 mi (686 km)
Coastline, Pacific Ocean 767 mi (1,234 km)
Highest Point Volcán de Chiriquí; 11,401 ft (3,475 m)
Lowest Point sea level
Natural Resources copper, mahogany forests, shrimp, hydropower

Nationality Panamanian
Population (July 2015 est)
3,657,024
Largest Cities Panama City, Cristól, Colón
Ethnic Groups mestizo, Amerindian, white
Religions Roman Catholic, Protestant
Languages Spanish (official), English

Capital Panama City
Form of Government constitutional democracy
Present Constitution Adopted October 11, 1972
Chief of State and Head of Government
President Juan Carlos Varela (since July 1, 2014)
Cabinet
appointed by the President
Legislature
unicameral National Assembly (Asamblea Nacional)
Judiciary
Supreme Court of Justice (Corte Suprema de Justicia)
Local Administration
9 provinces (provincias) and 3 indigenous territories (comarcas)

Currency Balboa
Per Capita Income
$20,900
Industries construction, brewing, cement and other construction materials, sugar milling
Agricultural Products bananas, rice, corn, coffee, sugarcane, vegetables; livestock; shrimp
Export Commodities gold, bananas, shrimp, sugar, iron and steel waste, pineapples, watermelons
Import Commodities fuel products, medicines, vehicles, iron and steel rods, cellular phones

Independence Achieved November 3, 1903
From Colombia
National Holiday Independence Day; November 3
Flag divided into four, equal rectangles; the top quadrants are white (hoist side) with a blue five-pointed star in the center and plain red; the bottom quadrants are plain blue (hoist side) and white with a red five-pointed star in the center; the blue and red colors are those of the main political parties (Conservatives and Liberals respectively) and the white denotes peace between them; the blue star stands for the civic virtues of purity and honesty, the red star signifies authority and law

flag of Panama

See Also

Costa Rica
Colombia

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The Robinson Library >> Panama

This page was last updated on 08/30/2018.