 Panama
is a country that is located in Central America. It
basically lies on the isthmus that connects the southern
America and the Northern America. It has the pacific
ocean on its south and the Caribbean Sea on is north.
Panama City is the capital of this country. It is the
4th largest economy in the Central America but it is
still growing at a very fast rate. Panama is also the
largest per capita consumer in the Central America and
it is considered as an international business center.
The temperature is high in Panama and the humidity level
is also quite high. Its culture has been influenced by
the European culture and this can be seen in its
traditions, arts and music. It has been reported that
the country has an unemployment rate of about 5.1% and
in the year 2008, it was the second fastest growing
Latin American economy.
The growth of the country was
due to the port and shipping activities of the Colon
Free Zone and Panama Canal. Balboa is the official
currency of Panama. Tourism is also an important part of
Panama’s economy with about 1,110,000 people visiting
the country in the year 2008, and most of the tourists
were from Europe.
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