Official nameRepública de Panamá (Republic of Panama)CapitalPanama CityPopulation estimate (2015)3·93 millionInternet domain extension.paCurrencyThe unit of currency is the balboa (PAB), which consists of 100 centésimos.TerritoryPanama is bounded in the north by the Caribbean Sea, east by Colombia, south by the Pacific Ocean and west by Costa Rica.LanguageThe official language is Spanish.Source: The Statesman's Yearbook 2018. Palgrave Macmillan, London Synonyms and related words