What Is Panama?

What Is Panama?

Panamá), is a rustic in Central America,[9] bordered by Costa Rica to the west, Colombia to the southeast, the Caribbean Sea to the north, and the Pacific Ocean to the south. The capital and largest town is Panama City, whose metropolitan vicinity is domestic to almost half of the us of a’s 4 million humans.

Panama become inhabited with the aid of indigenous tribes before Spanish colonists arrived inside the sixteenth century. It broke far from Spain in 1821 and joined the Republic of Gran Colombia, a union of Nueva Granada, Ecuador, and Venezuela. After Gran Colombia dissolved in 1831, Panama and Nueva Granada ultimately became the Republic of Colombia. With the backing of the US, Panama seceded from Colombia in 1903, allowing the construction of the Panama Canal to be finished with the aid of the United States Army Corps of Engineers between 1904 and 1914. The 1977 Torrijos–Carter Treaties led to the transfer of the Canal from the USA to Panama on December 31, 1999.

Revenue from canal tolls maintains to symbolize a vast part of Panama’s GDP, although trade, banking, and tourism are primary and developing sectors. It is appeared as a excessive-earnings u . S . A

In 2018 Panama ranked 66th inside the international in phrases of the Human Development Index, In 2018, Panama turned into ranked 7th-maximum aggressive financial system in Latin America, according to the World Economic Forum’s Global Competitiveness Index.

Covering round forty percent of its land vicinity, Panama’s jungles are domestic to an abundance of tropical plants and animals – a number of them discovered nowhere else on the planet.

Panama is a founding member of the United Nations and other global organizations which include OAS, LAIA, G77, WHO and NAM.

read more about article: en.wikipedia.org/wiki/Panama

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