In the Central American and the South American regions lies the transcontinental country of Panama. Its borders are Colombia (southeast), Costa Rica (west), the Pacific Ocean (south), the Caribbean Sea (north).
It has a land area of 29,119 square miles and a population of about four million.
Panama is notable for its competitive economy, ranking in the top 10 most competitive economies in Latin America. Major sectors contributing to its growing economy are its canal tolls, tourism, banking, and commerce. It's also notable as a founding member of international organizations such as the United Nations and World Health Organization.