Einar H. Dyvik
Research expert covering Nordics and global data for society, economy, and politics
Panama - Statistics & Facts
Panama's location is strategically convenient at the crossroads of two oceans - the Pacific and the Atlantic -, and between North and South America. Panama was once a part of Gran Colombia, together with Ecuador, Colombia, and Venezuela, but gained its independence in 1903, with the help of the United States. Thereafter, the United States gained sovereignty over a strip of land, upon and through which the Panama Canal was built. In 1999, the Panama Canal was fully transferred to Panama control and since then has fueled the Panamanian economy.
