Do you know that Panama is the only place in the world where you see the sun rising up in the Pacific and setting down in the Atlantic? Panama might have the smallest population in Central America but it has a lot to offer. This country is not only a great vacation spot but it’s also home to 10,000 unique species of flora and fauna. On this page, we’ll share some important Panama travel hacks. Hopefully, this helps you make the most out of your trip to this beautiful country.
Basic Information About Panama
Population
Panama is home to 4 million people. Around 65% of the total population consists of ethnic Mestizo and 12.3% Native Panamanians. The main minority ethnic groups are Afro-Panamanian, Mulatto, White Panamanian.
Official Language
The official language is Spanish.
Currency
Panama’s official currency is the United States’ Dollar (USD) and Panamanian balboa (currency code PAB). One Euro/US dollar is equal to roughly 1 PAB.
Geography
With a territory of 75,417 square kilometers, Panama is the 22 largest country in. Panama is located in Central America, bordering both the Caribbean Sea and the Pacific Ocean, between Colombia and Costa Rica.
Climate
Panama has a tropical climate with two different seasons dry and wet. The dry season usually from (December-April) and the wet season from (May-November).
Economy & Budget
Panama is a developing country and mainly depends on the services sector. Backpackers can survive with around $35 per day, while mid-range travelers spend between $50 and $70 per day on average.
Capital
Panama city is the capital city of Panama with a total population of 477,328.
