Panama

Panama is a country in Central America, located on the isthmus connecting North and South America, bordered by Costa Rica to the west and Colombia to the east. The capital is Panama City, a major financial and commercial center. Panamanian culture is a mix of indigenous, African, Spanish, and other European influences, evident in music, such as reggaeton and salsa, art, traditions, and cuisine. Panama's economy is one of the most stable and growing in Central America, primarily based on the service sector, particularly the Panama Canal, an important waterway connecting the Atlantic and Pacific Oceans. The country is known for its biodiversity, with rainforests, mountains, and beaches, and its rich cultural history. Panama has a history of Spanish colonization, followed by a period of strong United States influence, especially during the construction and management of the Panama Canal, before canal control was transferred to Panama in 1999. Population of Panama from 2018 to 2020: 2018: Approximately 4.1 million inhabitants. 2019: Approximately 4.2 million inhabitants. 2020: Approximately 4.3 million inhabitants. Capital (Panama City): Population in 2020: About 880,000 inhabitants in the city, with a metropolitan area reaching about 1.5 million inhabitants. Top 10 cities by number of inhabitants in 2020: (Figures are approximate) Panama City: ~880,000 San Miguelito: ~320,000 Tocumen: ~100,000 David: ~150,000 Las Cumbres: ~100,000 Colón: ~75,000 La Chorrera: ~200,000 Pacora: ~90,000 Santiago: ~90,000 Chitré: ~50,000 Administrative Divisions: Panama is divided into 10 provinces, 3 indigenous comarcas with the status of provinces, and multiple districts and comarcas. GDP in millions of dollars from 2018 to 2020: 2018: About $65,055 million. 2019: About $66,801 million. 2020: Approximately $52,130 million (estimate). Unemployment rate % from 2018 to 2020: 2018: About 6.0%. 2019: About 7.1%. 2020: Approximately 18.5% (estimate). Inflation Rate from 2018 to 2020: 2018: About 0.8%. 2019: About -0.4%. 2020: Approximately -1.7% (estimate).