The official currency of Panama is called Balboa. However, US dollar is also used along with the Balboa.
Panama City, since 1903.
Panama is located in Central America.
Estimated population (2010): 3,678,000
Estimated population (2000): 3,055,000
Estimated population (1950): 860,000
Panama has a free market economy with low inflation. The economy of Panama is mainly based on the services industry like banking, commerce, tourism, and the Panama Canal. Panama's industry includes: manufacturing of aircraft spare parts, cements, drinks, adhesives, and textiles.
The most popular places in Panama among international travellers