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There are a lot of interesting, fun facts about Panama. Here are just a few. Got more? Contact us and let us know your favorites!

  • Panama is the southern-most country in Central America
  • It's bordered by Costa Rica and Colombia... although there is no road that leads into Colombia. 
  • With U.S. backing, Panama seceded from Colombia in 1904, which allowed the Panama Canal to be built from 1904 - 1914.
  • The Panama Canal is a 48-mile ship canal that connects the Atlantic Ocean to the Pacific Ocean, cutting the transit time in half from the lengthier route around South America or the more dangerous route through the Strait of Magellan.
  • The Panama Canal has been named one of the Seven Wonders of the Modern World.
  • Revenue from the Canal is a significant portion of Panama's GDP.
  • The average ship pays $54,000 to go through the canal, although the fees have reached almost $400,000, depending on size and weight of the ship.
  • Many ships are built at a maximum size to fit through the canal.
  • The current canal expansion project is estimated to cost $5.25 billion and will accommodate larger ships and double the capacity. 
  • Panama has a population of approximately 3.5 million people, with 1.5 million residing in Panama City.
  • Baseball (not soccer) is Panama's national sport.
  • Panama has an unemployment rate of only 2.7% (as of 2011). 
  • Although the Balboa is the official currency, it is fixed at parity with the U.S. dollar, which is used as all paper money.
  • Many residential buildings have a 10-, 15-, or even 20-year tax exemption to encourage Westerners to invest and live in Panama.



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