It broke away from Spain in 1821 and joined the Republic of Gran Colombia, a union of Nueva Granada, Ecuador, and Venezuela.
After Gran Colombia dissolved in 1831, Panama and Nueva Granada eventually became the Republic of Colombia.
With the backing of the United States, Panama seceded from Colombia in 1903, allowing the construction of the Panama Canal to be completed by the US Army Corps of Engineers between 1904 and 1914.
With the backing of the United States, Panama seceded from Colombia in 1903, allowing the construction of the Panama Canal to be completed by the US Army Corps of Engineers between 1904 and 1914.
With the backing of the United States, Panama seceded from Colombia in 1903, allowing the construction of the Panama Canal to be completed by the US Army Corps of Engineers between 1904 and 1914.
The 1977 Torrijos–Carter Treaties agreed to transfer the canal from the United States to Panama on December 31, 1999.
The surrounding territory was first returned in 1979. Revenue from canal tolls continues to represent a significant portion of Panama's GDP, although commerce, banking, and tourism are major and growing sectors.
The 1977 Torrijos–Carter Treaties agreed to transfer the canal from the United States to Panama on December 31, 1999.
In 2018, Panama was ranked the seventh-most competitive economy in Latin America, according to the World Economic Forum's Global Competitiveness Index.
In 2019 Panama ranked 57th in the world in terms of the Human Development Index.
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Page generated on 2021-08-05