Flags of The World
      Home > World Flags > Panama

Panama Flag

Panama Flag
Flag of Panama
Panama flags for displaying indoors or out.
Business/Geographic Mapping & Drawing Software
Free Download: Easily create business or geographical maps, charts & Illustrations. Includes world, national-state maps & flags, physical & political maps, elevation & ocean maps, highway & county maps, historical flags, and much more! See Examples.
Find the Best Sites For World Flags With Joltsearch
JoltSearch is an excellent resource for quality sites on World Flags and much more! Get your Google listings for World Flags with JoltSearch!

Panama

Panama Background

With US backing, Panama seceded from Colombia in 1903 and promptly signed a treaty with the US allowing for the construction of a canal and US sovereignty over a strip of land on either side of the structure (the Panama Canal Zone). The Panama Canal was built by the US Army Corps of Engineers between 1904 and 1914. On 7 September 1977, an agreement was signed for the complete transfer of the Canal from the US to Panama by the end of 1999. Certain portions of the Zone and increasing responsibility over the Canal were turned over in the intervening years. With US help, dictator Manuel NORIEGA was deposed in 1989. The entire Panama Canal, the area supporting the Canal, and remaining US military bases were turned over to Panama by or on 31 December 1999.

Panama Economy

Panama's economy is based primarily on a well-developed services sector that accounts for three-fourths of GDP. Services include operating the Panama Canal, banking, the Colon Free Zone, insurance, container ports, flagship registry, and tourism. A slump in Colon Free Zone and agricultural exports, the global slowdown, and the withdrawal of US military forces held back economic growth in 2000-02. The government has been backing public works programs, tax reforms, new regional trade agreements, and development of tourism in order to stimulate growth.

Panama Location

Middle America, bordering both the Caribbean Sea and the North Pacific Ocean, between Colombia and Costa Rica

Panama Flag

divided into four, equal rectangles; the top quadrants are white (hoist side) with a blue five-pointed star in the center and plain red; the bottom quadrants are plain blue (hoist side) and white with a red five-pointed star in the center


World Flags | Flag Kits | Flag Poles | Flag Decals | Flag Lapel Pins | State Flags | Home