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About Panama


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Fundation
August 15, 1519

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President

Ricardo Martinelli

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Economy

Being the economic and financial center of the country, Panama City's economy is service-based, heavily weighted toward banking, commerce, and tourism. The economy depends significantly on trade and shipping activities associated with the Panama Canal and port facilities located in Balboa. The city has benefited from significant economic growth in recent years, mainly due to the ongoing expansion of the Panama Canal, an increase in real estate investment, and a relatively stable banking sector.[13] There are around eighty banks in the city, at least fifteen of which are national.
Panama City is responsible for the production of approximately 55% of the country's GDP. This is because most Panamanian businesses and premises are located in the city and its metro area. It is a stopover for other destinations in the country as well as a transit point and tourist destination in itself.

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Climate
Under the Köppen climate classification, Panama City has a tropical wet and dry climate. Panama City sees 1900 mm of precipitation annually. The wet season spans from May through December, and the dry season spans from January through April. Temperatures remain constant throughout the year, averaging around 27.3 °C (81.1 °F).

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Culture
The culture of Panama derived from European music, art and traditions that were brought over by the Spanish to Panama. Hegemonic forces have created hybrid forms of this by blending African and Native American culture with European culture. For example, the tamborito is a Spanish dance that was blended with African rhythms, themes and dance moves.[39] Dance is a symbol of the diverse cultures that have coupled in Panama. The local folklore can be experienced through a multitude of festivals, dances and traditions that have been handed down from generation to generation. Local cities host live reggae en español, reggaeton, kompa, jazz, blues, salsa, reggae, and rock music performances.
Outside of Panama City, regional festivals take place throughout the year featuring local musicians and dancers. Another example of Panama's blended culture is reflected in the traditional products, such as woodcarvings, ceremonial masks and pottery, as well as in its architecture, cuisine and festivals. In earlier times, baskets were woven for utilitarian uses, but now many villages rely almost exclusively on the baskets they produce for tourists.

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Tourism
The city has numerous tourist attractions. Particularly interesting for tourists are sites located in the old quarter, including: Las Bóvedas ("The Vaults"), a waterfront promenade jutting out into the Pacific; The National Institute of Culture Building and the French embassy across from it; The Cathedral at Plaza de la Catedral; Teatro Nacional, an intimate performance center with outstanding natural acoustics and seating for about 800 guests; Museo del Canal Interoceánico (Interoceanic Canal Museum); and Palacio de las Garzas (Heron's Palace), the official name of the presidential palace, named for the numerous herons that inhabit the building.
The area immediately east of the Pacific entrance of the canal—known as the Amador Causeway—is being developed as a tourist center and nightlife destination. The Smithsonian Tropical Research Institute operates a station and a small museum open to the public at Culebra Point on the island of Naos. A new museum, the Museum of Biodiversity or BioMuseo, is under construction on the causeway. It was designed by the American architect Frank Gehry, famous for the Guggenheim Museum Bilbao and the Disney Concert Hall in Los Angeles. Just outside the city limits is the Parque Municipal Summit
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Font: Wikipédia

 

 
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