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Revenue from canal tolls continues to represent a significant portion of Panama's GDP , although commerce, banking, and tourism are major and growing sectors. In 2015 Panama ranked 60th in the world in terms of the Human Development Index . [10] Since 2010, Panama remains the second most competitive economy in Latin America, according to the World Economic Forum 's Global Competitiveness Index. Covering around 40 percent of its land area, Panama's jungles are home to an abundance of tropical plants and animals – some of them to be found nowhere else on the planet. [11]

NOTE: The CDC has identified Panama as an affected area of the Zika outbreak. Pregnant women are advised to be cautious as the virus can lead to birth defects. Adults affected by the virus experience fever, rash, joint pain, and conjunctivitis (red eyes) typically lasting a week. You can learn more by visiting the official CDC website .

France began work on the canal in 1881 but stopped due to engineering problems and a high worker mortality rate . The United States took over the project in 1904 and opened the canal on August 15, 1914. One of the largest and most difficult engineering projects ever undertaken, the Panama Canal shortcut greatly reduced the time for ships to travel between the Atlantic and Pacific Oceans, enabling them to avoid the lengthy, hazardous Cape Horn route around the southernmost tip of South America via the Drake Passage or Strait of Magellan .

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