Panama’s most abundant natural resources include fertile farmland, rich copper and gold mines, abundant forestry used for logging, and shrimp. Many also consider its strategic geographical location to be a resource as well.
Panama’s location in the Pacific Ocean makes it a prime spot for various types of fishing expeditions. While shrimp and prawns are the most abundant type of seafood found in the area, several other types of fish are caught as well. Many shrimp ponds are also found on land to supplement the offshore fishing.
Nearly 40 percent of Panama’s land is covered in forests that are used for logging. The chief type of wood found in these forests is Mahogany. Much of the non-forest land is used for grazing livestock and farming. The country also has several active mining facilities. In addition to fully functioning gold mines, Panama has the ninth largest reserve of copper ore in the world. Other mines are used to excavate iron-ore and manganese. Mines in surrounding countries focus on coal.
Another one of Panama’s natural resources is the land itself. Due to it’s unique position between North and South America, it serves as a vital passageway between the continents. The Panama Canal is an important tool in connecting the Pacific and Atlantic Oceans.