In 2015 Panama ranked 60th in the world in terms of the Human Development Index.
Since 2010, Panama remains the second most competitive economy in Latin America, according to the World Economic Forum's Global Competitiveness Index.
Covering around 40 percent of its land area, Panama's jungles are home to an abundance of tropical plants and animals – some of them to be found nowhere else on the planet.
There are several theories about the origin of the name "Panama".
Panamanians however, do not touch each other when speaking as often as in other Latin American countries.
With the backing of the United States, Panama seceded from Colombia in 1903, allowing the Panama Canal to be built by the U. Revenue from canal tolls continues to represent a significant portion of Panama's GDP, although commerce, banking, and tourism are major and growing sectors.There are also various Afro-Panamanian communities descended from enslaved people brought from Africa by Spaniards, Cimmarons who escaped and lived among the indigenous people, and laborers and indentured servants brought over from the West Indies to build the Panama Canal during the 1900s.Generations of Asians have also successfully settled in Panama following their contributions to the construction of the Canal.It is bordered by Costa Rica to the west, Colombia (in South America) to the southeast, the Caribbean Sea to the north and the Pacific Ocean to the south.The capital and largest city is Panama City, whose metropolitan area is home to nearly half of the country's 4 million people.* This method of dating not recommended by Go Overseas.