Americana is all the rage in Panama, which manifests itself in a number of air-conditioned shopping malls scattered throughout the capital. Unlike other Latin American capitals, traditional outdoor markets are hard to come by in Panama City, though you should have no problem finding brand name luxury goods from the USA and Europe at discounted prices. If you are however searching for souvenirs and some semblance of Latin flare, there are a few places in Panama City worth checking out.

The top tourist spot for craft-hunters is Mi Pueblito (My Little Village), a mock-Panamanian village that is closer to an outdoor shopping mall. Although its theme is a bit Disneyland-esque, the crafts for sale here are of high quality.

A decidedly more low-key shopping spot is the Mercado Nacional de Artesanías (The National Artesan Market) adjacent to the ruins of Panamá Viejo. Prices are lower here than at Mi Pueblito, and you can get some great deals if you're good at haggling.

Shopping hours are generally Monday to Saturday 0930-2000, though it's normal for proprietors to take a one- to two-hour lunch break.