Panama, officially the Republic of Panama (Spanish: República de Panamá; pronounced [re̞ˈpuβ̞lika ð̞e̞ panaˈma]), is the southernmost country of both Central America and, in turn, North America. Situated on the isthmus connecting North and South America, it is bordered by Costa Rica to the northwest, Colombia to the southeast, the Caribbean Sea to the north and the Pacific Ocean to the south. The capital is Panama City.
Panama is an international business center, and has the largest economy in Central America, followed by Guatemala, Costa Rica and El Salvador. It is also the fastest growing economy and the largest per capita consumer in Central America
