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real estate in panama


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Official Name: Republic of Panama
Capital City: Panama City
Area: 75,990 square km. of land, 2,210 sq km water, Coastline 2,490 km
Population: 3,242,173 (July 2007 est.)
Currency: Balboa(PAB); Free circulation of the US dollar(USD)
Government: Constitutional Democracy.
Legal System: Based on the civilian legal system, judicial revision of legislative acts in the Supreme Court. Accepting international tribunal jurisdiction, except in some instances.
Language: Spanish (official), English 14%: note many Panamanians bilingual
Climate: The climate is warm and tropical with an average temperature of 27°C (80°F) throughout the year. Panama has two seasons, which are dry and rainy seasons. The first one occurs between December and March. The rest of the year is considered the rainy season. Panama lies outside the "hurricane alley", and while it experiences occasional tremors, it is not prone to destructive earthquakes.
Religion: There is an absolute freedom of Religion in Panama. Most panamanians are Roman Catholic. However, due to the diversity in our country, you can find all kinds of temples of worship throughout the country.
International Country Code 507
Time Zone: EST (GMT -5). Panama does not observe Daylight Savings Time.
GDP: US$26.04 billion (2006 est.)
GDP per head: US$4,630
GDP growth rate: 8.1% (2006 est.)
Inflation rate (consumer prices): 2.6% (2006 est.)
Major industries: construction, petroleum refining, brewing, tourism, cement and other construction materials, sugar milling, shipping and agriculture
Services: Operating the Panama Canal, Banking, the Colon Free Trade Zone, insurance, container ports, flagship registry and tourism.
Agricultural Products: Bananas, rice, corm, coffee, sugacane, vegetables, livestock, shrimp
Major trading partners: USA, EU, Central America & Caribbean, Japan, China, Singapore
Visas: Every visitor needs a valid passport and an onward ticket to enter Panama, but further requirements vary from country to country and occasionally change. UK, Germany and Switzerland citizens and many other nationalities need only a passport, while people from Japan, New Zealand, USA, Venezuela and more need a tourist visa or tourist card (US$5) as well. Contact an embassy or consulate for current details.
Electricity: Variable - either 110V or 220V
Weights & measures: Metric