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Panama » City Info

Panama, the largest and capital city of the Republic of Panama is positioned at the Pacific entrance of the Panama Canal, Panama. This city is the administrative and political centre of Panama as well as emerging as a core for commerce and international banking. Panama, the city, is also known as a Beta World City owing to important role in the global economic system. It is also categorised as a transcontinental nation because Panama is enclosed by Costa Rica to the north-west, Colombia to the south-east, the Caribbean Sea to the north and the Pacific Ocean to the south.

Photo Credit:GFDL/Nico2panama

Due to many buildings, skyscrapers and towers, the city is renowned for its crowded skyline. It is voted as the top five places for retirement in the world on account of an average growth rate of GDP over the past few years. The city is gifted by rich land reforms, surroundings and scenes. It is encircled by a large belt of tropical rainforest, which is essential for the functioning of the Panama Canal, and provides water required for the operation of the canal. Because of the significant role of the tropical rainforest on Panamanian economy, the forest has been kept in its natural state.

The city experiences tropical wet and dry climate, as well enjoys constant temperature (27°C approx.) throughout the year. Panama City is a hub for the economic and financial centre of the country, where the economy is totally dependent on trade and shipping activities. The city is stepping forward on the path of progress and development due to real estate investment, and a comparatively firm banking sector.

Panama City endows an up-to-date communication system, and it is a home to the busiest and largest airport in the Central America, the Tocumen International Airport.

Country

Panama

Province

Panama

District

Panama

Density of Population

2,750/km2 (7,656/sq mi)

Total Population (March 2011)

3,405,813

Elevation

2 m (7 ft)

Foundation

August 15, 1519

Founder

Pedro Arias de Ávila