TheflagtheflagofPanama, knownastheStarsandQuarters, is a bannerdividedintofourrectangles, withdiagonallyopposingblueandredstarsonwhitefieldsandsolidblueandredfieldsintheothers.
Itcontains a lotofimageryinthecentreLizaShield, dividedintofivesectionsonthetop, leftLizaSaberandRifletosymbolizetheremembranceofbattlesandtoneveragainseekcivilwarjuxtaposedtotheleftonthenextsectioncontaining a shovelandgrubsymbolizingtheworkofthenationonthebottomleftoftheshieldliesthecornucopiasymbolizingwealthnexttothefinalquadrant, a wingedwheelsymbolizingprogress.
Inthecenteroftheshieldlies a panoramaoftheisthmus, situatedonbothcoastsofthePacificandtheCaribbeanAtlantic, withthesunandmoonsymbolizingthedayandhourofindependence.
OnthesidesoftheshieldarefourdrapedPanamanianflagsallbelow a harpyeagle, thenationalanimalholding a bannerreadinginLatinProMundi.