Panama City, population 584,803 (1990), is the capital of Panama. The city was founded on August 15, 1519 by Pedro Arias de Avila, and flourished during Spanish colonial times as a major port. It was destroyed in 1671 by Sir Henry Morgan, but rebuilt in 1673. Construction of the Panama Canal brought increased prosperity. Panama City is no longer a port; commerce is handled through neighboring Balboa.
The University of Panama is located in the city.
Panama City's international airport is Tocumen International Airport.