Due to its geographic position and the thousands of visiors the country receives, Panama is a country known for its great ethnic and cultural diversity, making it unique in the region. Despite being a religiously tolerant country, 75% to 85% of the population identifies as Roman Catholic, followed by Evangelicalism representing 15% of the population.
Panama is internationally reknowned for being home to one of the most impressive engineering masterpiece, the Panama Canal, which connects the Pacific and Atlantic Oceans through its 48 mile-long passageway.
Currently the country has a population of 3.929.000, and a GDP worth $52.13 billion with a growth rate of 5.8% for the year 2015. This places Panama in an attractive economic position.
In addition, Panama has been named in a variety of publications as one of the best countries to retirement. Its low living costs, the use of the U.S. dollar as its legal tender, its fun and friendly culture, among other reasons, make the small country some of the reasons why some considers it a retirement paradise.