Panama's New Year's Eve (Año Nuevo) which marks the start of the Gregorian calendar year, involves vibrant celebrations with fireworks in Panama City, rooftop parties in Casco Viejo, and unique traditions like burning "Judas Dolls" (muñecos) representing bad memories, alongside superstitions for luck, like wearing yellow underwear for wealth or holding money at midnight. Celebrations blend cultural performances with modern parties, especially around the bay and historic areas, offering fireworks, music, and dining for a festive start to the year.

Also consider partaking in nother new years observance, “Las Doce Uvas” or The Twelve Grapes, Inspired by a Spanish tradition, in which many Panamanians follow the practice of eating twelve grapes at the stroke of midnight. Each grape represents good luck for one month of the coming year. It's a fun and delicious way to ensure a year filled with prosperity and good fortune.