This is the flag for Panama. Panama was formed in 3-Nov-03. The flag colors for Panama are Blue, red and white. The shapes used on this flag are A divided rectangle of four quarters: the upper field close to the pole white with a blue star of five points; the upper field further from the pole, red; the lower field near the pole, blue; and the lower one further from the pole, white with a red star of five points.. This flag was designed on 25-Mar-25.