Where is PANAMA located on the map?
Its area is 75,517 km2. The capital and largest city of the country is Panamá.
Panama is cut in its length by several mountain ranges. The Sierra de Tabasará enters the country from the west. Its average altitude is 1,525 m, and its highest peak, Barú, an extinct volcano, reaches 3,475 m.
To the east of the canal, the lower San Blas mountain range and the lower Sariía del Darién have an average altitude of about 915 m and are almost entirely located in the interior of the country. The region between the two mountain systems consists of 100 to 450 m high hills, well-watered fertile valleys and plains. It is entirely covered with bushy forests and surmounted by ridges, ridges and, in places, plains and highlands. From the two channels flow about 325 rivers and streams that join the Pacific and 150 that descend to the Caribbean Sea.
The main river is Tuira, which flows into the Gulf of San Miguel, on the Pacific coast. Another great river, the Chagres, which has its source in the center of the country, has been barred to form Lake Gatún, which communicates with the Panama Canal.
The narrow strip (at least 90 km) formed by Panama widens to the south center on the Azuero Peninsula, which closes the Gulf of Panamá. It is home to the Pearl Islands, which consists of about a hundred small islands with a total area of 1,165 km2.
Panama has a tropical climate with annual average temperatures ranging from 23 ° to 27 ° C in coastal areas. In the interior, at high altitude, the average temperature is 19 ° C. The rainy season lasts from April to December.
The country’s main source of income comes from the canal. The free zone of Colón, one of the largest in the world after Hong Kong, Miami and Ciudad del Este, is one of the foundations of the country’s economy, as well as the system of flags of convenience which ensures that Panama has significant revenue and makes it the second largest country in the world for the size of its fleet. Only one third of the inhabitants have a real salaried job. The rest of the population works in subsistence agriculture, the informal sector or is unemployed.
About 8% of Panamanian territory is devoted to agriculture. The main crops are banana, plantain, sugar cane, rice, maize and coffee. The Panamanian forest produces various types of wood, especially mahogany. Large plantations, generally run by North American companies, produce bananas, sugar cane and cocoa.
Panama’s banking system is considered one of the strongest in the world, a factor that has allowed the country to develop since the 1990s. It is the Central American country that has the highest GDP per capita and attracts the most investors because of the stability of its economy.
Tourism is an important part of the country’s GDP thanks to the 2 million visitors who come to Panama each year to discover its canal, its beaches and, for some time, make ecotourism in its tropical forests.