Panama: Main Facts
Miami of the South
Geographical Location of Panama City
Panama City is the capital and largest city of the Republic of Panama. It has a population of 813,097, with a total metro population of 1,063,000, and is located on the awe-inspiring Pacific entrance of the Panama Canal. Bordering both the Caribbean Sea and the North Pacific Ocean, between Colombia and Costa Rica, Panama is located on the narrow and low Isthmus of Panama.
Land/Sea Boundaries of Panama City
Panama is located in Central America, bordering both the Caribbean Sea and the Pacific Ocean, between Colombia and Costa Rica. Its location on the Isthmus of Panama is strategic. The dominant feature of the country's landform is the central spine of mountains and hills that forms the continental divide. The divide does not form part of the great mountain chains of North America, and only near the Colombian border are there highlands related to the Andean system of South America.
Languages of Panama City
Spanish is the official and dominant language. About 40% of the population speak various English Creoles, mostly in Panama City and in the islands off the northeast coast. English is spoken widely on the Caribbean coast and by many in business and professional fields.
Currency of Panama City
The Panamanian currency is officially the balboa, fixed at parity with the United States dollar since independence in 1903. In practice, however, the country is ‘dollarized’; Panama has its own coinage but uses U.S. dollars for all its paper currency.