Panama

Panama

Panama / is one of the countries of Central South America, covering an area of ​​78200 square kilometers, bordered to the north by the Caribbean Sea and the Atlantic Ocean, to the south by the Pacific Ocean, to the southeast by Colombia, and to the northwest by Costa Rica

Panama is an important international business center, due to its strategic geographical location. In addition, Panama is the largest economy in the Central American region, before Guatemala, Costa Rica and El Salvador. However, Panama's economy is the fastest growing economy and the largest in terms of per capita income in Central America

Most of Panama's land is volcanic, crossed by waterways heading west to the Pacific Ocean or east to the Caribbean Sea, and its mountains extend from the northwest to the southeast, and mountain ranges between them are fertile plains, and adjacent coasts are narrow plains. Surface features in Panama are formed through a number of geographical divisions, including the Central Highlands section. The Panama Mountains extend from the northwest from Costa Rica to the southeast, and the fertile plains between them, which provide a wide agricultural area, are limited

The territory of the Republic of Panama is dominated by volcanic nature, which is cut off by waterways, which head west to the Pacific Ocean, or east to the Caribbean Sea. The coastal depression area extends along the coast of Panama from the Atlantic Ocean, and its coast from the Pacific Ocean has large areas of fertile land. There are a number of islands near the coast of Panama, numbering about 800 islands, the largest of which is the Cueba Islands, and Rai. The guider

Panama contains many rivers that reach 500, and despite the large number of rivers, there is only one river that is suitable for navigation, which is the Twira River, which runs in the eastern part of Panama. There are no large lakes except Lake Gatun, which covers an area of ​​420 km, which was established after the construction of the Panama Canal and forms part of the canal pass. One of the highest mountain peaks in Panama is the summit of the Polcan de Sirici mountain, with a height of 3475 meters above sea level

Panama prevails in a hot tropical climate over the low regions where the high temperatures rise, temperatures drop over the highlands, its eastern coasts receive more rain than what falls on its western coasts and forests cover two thirds of its area. The climate of Panama varies with the diversity of seasons, so it is hot, humid and cloudy during the rainy season in the period from May to January, and becomes dry during the dry season that extends from January to May. 19 degrees Celsius, and the amount of rain in the part facing the Atlantic of Panama is estimated at 380 centimeters, while in the part facing the Pacific Ocean about 175 centimeters annually

Panama's economy is mainly dependent on the services sector, which accounts for about 80% of GDP. Services include the Panama Canal, banking services, the Colon Free Trade Zone, insurance, container ports, the main registry, medical and health services and other business. The country's industry includes aircraft parts, cement, beverages, adhesives and textiles. Also some of the exports to Panama are bananas, shrimp, sugar, coffee, and clothing

Panama's economy is a dollar-denominated economy with a low history of inflation. It is mainly based on the service industry, and is heavily burdened with banking, trade, and tourism

Nominal GDP per capita in Panama (in the port or in US dollars) was 11,691 in 2002, 13,991 in 2004, 14,004 in 2005 (Prelim), and 15,191.9 in 2006, according to the Bureau of Statistics and Census, of the government Panama. Growth from 2002 to 2006 was particularly strong in the transport and communications sector, which has become the largest component of GDP, although many sectors have experienced strong growth as well. Real GDP increased by 7.5% (04-03), 6.9% (04-05), 8.1% (06-05)

GDP growth in 2008 was 9.2%, reflecting a strong growth slowdown of 11.5% in 2007. Although growth slowed to 2.4% in the first half of 2009, due to the global economic slowdown, it is expected to improve in 2010 It remains one of the most positive growth rates in the region. The growth has fueled the construction, transportation, port and related activities of the Panama Canal and tourism

As a result of this growth, the government deficit as a percentage of GDP fell to 43% in 2009, and government-issued debt made the investment score in February 2010. A recent United Nations report highlighted progress in poverty reduction from 2001 to 2007 - overall poverty decreased From 37% to 28%, extreme poverty decreased from 19% to 11%. However, Panama remains the second largest asymmetric distribution of income in Latin America

Agriculture is the mainstay of human activity in Panama and employs around 26% of the workforce. Crops consist of rice, sugar cane, bananas, cocoa, coffee and tobacco. As for her animal wealth, it is from cows

Panama's population was 4,034,119 in 2016. The proportion of the population under the age of 15 in 2010 was 29%. 64.5% of the population was between 15 and 65, with 6.6% of the population 65 years or older

More than half of the population lives in the corridor of the capital, Panama City-Colon, which spans several cities. The urban population of Panama exceeds 75%, making Panama's population the most urbanized in Central America

The Republic of Panama is the least populated country in Central America, as there are vast uninhabited areas, and the population converges in a quarter of the area, and the population of Panama consists of a mixture, so the Spaniards constitute about a sixth of the population, and the Africans are about a sixth and the rest are a mixture of the two elements, a minority of American Indians and a slim Arab minority and some Asians