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Panama City, Panama

# Panama City

Introduction

Panama City is the capital and largest city of Panama, located on the Caribbean coast of Central America. With a population of over 800,000 people, it is one of the most populous cities in North America. The city has undergone significant transformations over the years to become a modern metropolis.

Key Facts

Population

  • As of 2021, the estimated population of Panama City is approximately 2.7 million.
  • The city has a population density of about 22,000 people per square kilometer.
  • As of 2020, the median age was around 31 years old.

Economy

  • Panama City is an important financial center and business hub for Central America.
  • It hosts several international banks and investment firms.
  • Tourism is also a significant contributor to the city's economy.

Historical Context

Panama City has a long history dating back to the pre-Columbian era. The city was founded in 1501 by Juan Ponce de León, who established it as a Spanish colony. After the independence of Panama from Spain in 1903, the city experienced significant growth and development.

Colonial Era

  • During the colonial era, Panama City remained an important port for trade and commerce.
  • The city's strategic location made it a key hub for the transportation of goods between Europe and the Americas.

Significant Contributions

Financial Center

  • Panama City is home to several major financial institutions, including the Panama Canal Authority and the Inter-American Development Bank.
  • It has become a popular destination for international investors and businesses due to its favorable business climate and infrastructure.

Tourism

  • As one of the most visited cities in Central America, Panama City attracts millions of tourists each year.
  • The city's rich cultural heritage and natural attractions make it an ideal destination for travelers.

Notable Attractions

Panama Canal

  • The Panama Canal is a 50-mile-long waterway that connects the Atlantic Ocean to the Pacific Ocean.
  • It is one of the most important engineering projects in history, allowing ships to pass through the Isthmus of Panama and reducing travel time between Europe and Asia.

Casco Viejo

  • Casco Viejo, also known as Old Town, is a historic neighborhood that dates back to the 16th century.
  • The area is home to many colonial-era buildings and offers a glimpse into Panama City's past.

Additional Information

Panama City has

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  • Generation time: 2024-11-01 20:40:07
  • Keywords: Panama City, Panama, wiki, history, attractions, facts
  • URL: https://worldbestplaces.com/places/panama_city_panama