Panama, officially the Republic of Panama (Spanish: República de Panamá; pronounced [reˈpuβlika ðe 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 although it is only the fourth largest economy in Central America, after Guatemala, Costa Rica and El Salvador, it is the fastest growing economy and the largest per capita consumer in Central America.
Approximately 2.1% are Buddhist.