Panama is a constitutional democracy with an executive branch led by a president who is elected to a 5-year term, a unicameral legislature, and judicial branch.
The country is divided into 9 provinces and three indigenous territories known as comarcas.
It became independent from Colombia on November 3, 1903. Panama has a rapidly developing economy but suffers from a weak, non-transparent judiciary.
Outside the Panama City area, which has many first-class hotels and restaurants, tourist facilities vary in quality. The U.S. dollar is the paper currency of Panama, and is also referred to as the Panama Balboa. Panama mints its own coinage.
Panama Travel Guide
Top Destinations in Panama
Cala Mia, Panama
Uncover the hidden paradise of Cala Mia, your ticket to an absolute island getaway. Concealed within the opulent Isla Boca Brava in the Chiriqui Gulf of ... more
Panama City, Panama
Panama City pulses with vibrant energy, where sleek skyscrapers meet colonial charm. Wander through the colorful Casco Viejo, exploring historic landmarks like ... more
San Blas Island, Panama
The immaculate islands of San Blas speak of unadulterated charm. The untouched beauty of the archipelago has three hundred seventy-eight atolls and cays lolling... more
Bastimentos Island, Panama
Northwest of Panama is the charming atoll of Bastimentos. This sheltered island of fifty-two kilometers of fine sand and arrestingly glorious coral reefs is a... more
