Panama is the capital and largest city of the Republic of Panama. It has a population of 880,691, with a total metro population of 1,272,672, and it is located at the Pacific entrance of the Panama Canal, in the province of the same name. The city is the political and administrative center of the country, and a hub for international banking and commerce. It is considered a Beta World City.
With an average GDP per capita of $15,000, Panama has been among the top five places for retirement in the world, according to International Living magazine. Panama City has a dense skyline of mostly highrise buildings, and it is surrounded by a large belt of tropical rainforest. It has an advanced communications system; and Panama's Tocumen International Airport, the largest and busiest airport in Central America, offers daily flights to major international destinations.
Panama City was chosen to be the American Capital of Culture for 2003 (jointly, with Curitiba, Brazil).