Panama is world-famous for its 48 mile canal that connects the Pacific Ocean with the Atlantic Ocean. Each year, over a million people visit the canal and are able to witness this engineering marvel at work. Panama is very proud to have this magnificent creation operating 365 days a year, enabling the world’s cargo to be shipped efficiently and safely to new destinations.
Three million years ago, the Isthmus of Panama emerged from the sea and changed the world forever. It divided an ocean and joined two continents together, triggering one of the most important natural evolution events in the history of the world. Today, this narrow land bridge in Central America is home to more species of birds and trees than the whole of North America. We invite you to discover its beautiful landscapes, rich culture and endless tourist activities, right at your fingertips.
Some of these activities include rainforest tours, surfing, snorkeling, diving, hiking, camping, bird watching, white water rafting, zipline tours, and more. In Panama City, you can enjoy world-class dining, nightlife, casinos and shopping! Panama has attracted some of the world’s most famous brands to set up shop here, including Gucci, Prada, Cartier, Hermes, Nike, Ralph Lauren, Micheal Kors, Carolina Hererra, Chanel, and countless others. Tourists from all over the world come to Panama and experience a modern, beautiful city with all the amenities one would expect from a world-famous business and tourism hub.
The economy of Panama is a fully dollarized free market economy with a history of low inflation. It is based mainly on the services industry, heavily weighted toward banking, commerce, and tourism. The hand-over of the canal and military installations by the US has given rise to new construction projects.
Panama’s economy is centered on a well-developed services sector that accounts for nearly 80% of its GDP. Services include the Panama Canal, banking, the Colón Free Trade Zone, insurance, container ports, and flagship registry, medical and health, and other business. The country’s industry includes, manufacturing of aircraft spare parts, cements, drinks, adhesives, and textiles. Also the leading exports for Panama are bananas, shrimp, sugar, coffee, and clothing.