Central America, geographically a part of North America, is a tropical isthmus of scenic grandeur that connects North America to South America. The region includes the seven countries of Panama, Costa Rica, Nicaragua, Honduras, Guatamala, El Salvador, and Belize and many small offshore islands both in the Caribbean and the Pacific. The region is fertile and rugged, and is dominated through it's centre by a string of volcanic mountain ranges that are punctuated by a few active volcanoes. The total population is just over 40 millions.
Panama has the fastest growing economy in the Americas, an international banking centre, a rapidly growing tourist industry supported by major investments from overseas multi-national corporations, and the doubling of the capacity of the Panama Canal at a cost of $5.25 Billion. Panama is also the major destination for retirees due to the superb climate, tax concessions including no Panamanian taxes on overseas income, and no property taxes. Panama also has an excellent infrastructure and a low cost of living.
Costa Rica enjoys revenue from agriculture, especially coffee production, technology industries, and tourism.
Nicaragua, Honduras, El Salvador, Guatamala, and Belize have been behind Panama and Costa Rica in developing their tourist industries, but are now taking steps to rectify this omission.