Panama History, Geography, Economy and Important Events

The country celebrates two Independence Days: the first on 3 November and the second on 28 November, when they gained independence from Colombia and Spain respectively. Panama was one of Spain's colonies on the American island, until it became part of the Gran Colombian Union. Spanish - Panama first discovered Panama in 1501 by Rodrigo de Bestidas and established it as a separate republic with the help of the United States in the bloody revolution in 1903. In 1968, General Omar Torrijos held the post of government and remained a strong administrator until his death in an airplane crash in 1981. But just days after Panama was handed over control of the canal in December 1989, the US launched Operation Just Cause and attacked Panama. Under the Torrijos-Carter Treaty on December 31, 1999, the US returned all of the canal-related land to Panama, after which the canal's full administration as well as the canal-related buildings and infrastructure were under the control of the local administration came.

Panama, formally named the Republic of Panama, is located on the Panama Landscape, connecting the two continents of North America and South America with a thin bead of earth. It is bounded on the northwest by Costa Rica, on the southeast of Colombia, on the south by the Pacific Ocean and on the east by the Caribbean Sea, which is a part of the dark ocean. The capital city of Panama is named Panama City (Ciudad de Panama, Ciudad de Panama in Spanish). Panama had a population of 34,05,813 in 2010 and has an area of ​​75,517 sq km.

The economy of the Republic of Panama is entirely dependent on the dollar and is primarily based on a well-developed service sector in which banking, commerce, tourism, trade, the Panama Canal - where the Colon Free Trade Zone is located -, insurance, medicine and Includes health, container ports and private industries. These economic services account for about 80% of GDP. The Panama Canal, which was acquired by the government in 1999, is one of the most important services, as millions of dollars derived from its toll revenue have led to construction projects, heavy employment in the country.

Spanish is the official and major language. Spanish spoken in Panama is known as Panamanian Spanish. About 93 percent of the population speaks Spanish as their first language. Many citizens who work internationally or in professional corporations speak both English and Spanish. About 14 percent of Panamanian speak English. This number is expected to increase as Panama now requires English classes in its public schools. Native languages, such as Ngäbere, are spoken throughout the country, mostly in their native regions. More than 400,000 Panamanian keep their native languages ​​and customs. About 4 percent speak French and 1 percent speak Arabic.

Colombia [LM] , Costa Rica [LM] , Nicaragua [M] ,
Definition of international border: L = Land Border | M = Maritime Border