Latin America’s Hidden Gem – Panama City

Located between the Pacific Ocean and a tropical rainforest, Panama City is a dynamic metropolis, rich with cultural diversity, combining both the historic and the modern, international and Latino. Known throughout history as a foreign crossroads for business and transportation, the city has become a hub for banking and trade, as well as an attractive destination to visit and live. Beneath its glittering Miami-like skyline lies a hidden Central American gem awaiting discovery.

Since the early 16th century, the geography of Panama has played an important role in the country’s history. Soon after the Spanish arrived in 1519, exploitation of the landscape began when conquistadors transported gold and silver from Peru to Spain. With bi-coastal ports and a trail in-between, inhabitants of these harbour cities prospered from the Spanish colonial trade. This began the country’s dependence on world commerce.

Today, considered the ‘Business Hub of the Americas,’ Panama City’s economy is booming. With real-estate investments, a stable banking centre (with more than 120 banks), extensive trade and shipping activities along the Panama Canal, and tourism rates greater than ever, the city is the fastest growing market in Latin America. With the use of the U.S. dollar as its currency, it practically eliminates any currency exchange risks to foreign companies operating there—making it even more attractive to international investors.

With one of the largest and busiest airports in Central America, offering daily flights to major international destinations, Panama City also relies heavily on tourism. Major well-known international hotel and restaurant brands can be found throughout the city; however it’s the city’s energetic nightlife and culinary scene that has visitors returning time and time again.

For Panama’s top attractions, keep an eye on www.pearlislandliving.com – we’ll be bringing our top suggestions to you soon

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  1. Nikki commented on 28/09/11

    Latin America has always been number one on my lists of places to visit and explore however I never thought of Panama until now. It looks like a great, busy and interesting city with lots to do for everyone.

    Looking forward to seeing more of your top tips on what to do and see!

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