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Discovering Panama

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If you are looking for a thrilling adventure in a distant land, Panama is the land to discover. The country has a prosperous economy, a stable government and a tropical climate.

The Republic of Panama is a Central American country. Stretching over some 75,640 km2, it stands on the borders of Colombia and Costa Rica and is surrounded by the Pacific Ocean and the Caribbean Sea. The capital of Panama is Panama City. Its largest cities are San Miguelito, Tocumen, Las Cumbres, Colon and La Chorrera.

Demography

In 2012, Panama had a population of about 3,8 million inhabitants with a high concentration of expatriates in certain regions, mainly Spanish. Moreover, the country's official language is Spanish. Other languages such as English are also spoken. The population also includes people of African and Indian origins, not to mention the natives, thus contributing to the country's multiculturalism. Most Panamanians live in the capital city and in the major surrounding cities.

Economy

Panama has one of Central America's strongest economies. Its Gross Domestic Product (GDP) amounted to 41.5 billion U.S. Dollars in 2012. Growth rate was around 7 % while unemployment rate stood at 4.2%. Panama's economy is based on various sectors, namely agriculture, manufacturing industries, financial services, tourism and trade. The most successful industries include gold and copper, construction materials, as well as petroleum products and chemicals.

The countries main export partners are the United States, Costa Rica, the European Union and the Netherlands. Panama is also famous for being a tax haven, with a very low tax rate.

Politics

Panama is a parliamentary republic. All of the country's citizens who are more than 18 years old are eligible to vote. Members of the unicameral parliament are elected by universal suffrage for a term of five years. The same applied to the President of the Republic. Thereafter, the President of the Republic appoints the members of the government. The current President of the Republic of Panama is Ricardo Martinelli.

Climate

Panama has a tropical climate with uniform temperatures. The temperature rarely exceeds 32°C during the dry season, varying between a minimum of 24°C in the morning and a maximum of 30°C in the afternoon. Moreover, seasons are not clearly marked. Temperatures are lower on the Caribbean side and near the hills, causing snow formations in the Cordillera de Talamanca region.

The rainy season usually lasts from April to December, with a maximum of 3,000 millimeters of rain per year.

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See also

Pensionado visas will cost between $1000-1500 per person. Because of the cost, you may find that this visa is not worth it.
If you are moving to Panama with less than 6 years old children, you can register them in a child care center or pre-primary school.

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