Panama is situated on an isthmus and connects the north and south part of America. It is a transit country and is also known as an international business center. It is one of the most developed economies in Central America and even has the largest expenditure on resource consumption. The economy of Panama is basically service-based, heavily inclined towards banking, commerce, tourism, trading and private industries, owing to its key geographic location. Given below are some interesting and fun facts about Panama.
Interesting & Fun Facts about Panama
- Panama is the southernmost country in Central America.
- The official name of the country is the ‘Republic of Panama’.
- The official language of the country is Spanish.
- The currency of Panama is Balboa and Dollar.
- It is the most industrialized country in Central America and even its third largest economy.
- Panama is even the largest consumer in Central America.
- At one point of time, shares of the Panama Railroad were the highest priced stock on the New York Stock Exchange, at $295 per share.
- Panama houses over 10,000 different plants species, including 1,200 varieties of orchids, 678 ferns and more than 1,500 varieties of trees.
- Panama has set multi world records in the area of bird watching & fishing, as it shelters more birds than United States and Canada combined.
- At its narrowest distance, only 80 kilometers of land separates the Atlantic from the Pacific Ocean.
- With 5,637 kilometers of coastline and more than 1,518 islands, Panama has more beaches than one can imagine.
- Panama is the only place in the world, where you can see the sun rise in the Pacific and set in the Atlantic.
- The Panama Rail Road was the most expensive railroad ever built, as it cost 8 million dollars and took 5 years to build.
- More than 12000 people died in the construction of the Panama Railroad.
