Population: 3.864 million
Official language: Spanish
Panama was onced controlled by Spain, then Colombia took control. It gained it's full independence on November 3, 1903.
Panama is in Central America, between Costa Rica and Colombia. Bordered by the Caribbean Sea and the Pacific Ocean.
Panama's government is a Constitutional Democracy. Their president is Juan Carlos Varela. Panama Is on good terms with the U.S, we are Panama's number one trading partner.
Economic and trade information
This is a balboa, Panama's currency one balboa is equal to one U.S. dollar. Panama's economic system is capitalism. Panama Imports fuel products, medicines, vehicles, iron and steel rods, and cellular phones from the U.S., China, Costa Rica, and Mexico. They export gold, bananas, shrimp, sugar, iron and steel waste, pineapples, and watermelons to the U.S., Canada, Costa Rica, Netherlands, Sweden, China, and Italy.
Panama has great weather and is a nice place to vacation. Tourists can go hiking in one of Panama's mountains, see the Panama Canal, or go to the Metropolitan Natural Park, while staying at one of Panama's many luxurious resorts.