Panama - Country Details

Basic Information

Capital

Panama City

Region

Americas / Central America

Population

4,626,304

Area

75,517 km²

Currencies

Panamanian balboa (B/.), United States dollar ($)

Languages

Spanish

About Panama

Panama's strategic location has long made it a crossroads of cultures and commerce. Originally inhabited by various indigenous tribes, the region experienced Spanish colonization in the 16th century. It briefly formed part of Gran Colombia before achieving independence from Spain in 1821. The construction of the Panama Canal, largely facilitated by the United States, dramatically reshaped the nation's destiny in the 20th century. The canal's eventual transfer to Panamanian control in 1999 marked a significant milestone in the country's sovereignty.