Panama Plate (Wikipedia)The Panama Plate is a small tectonic plate (microplate) that exists between two actively spreading ridges and moves relatively independently of its surrounding plates. The Panama Plate is located between the Cocos Plate and the Nazca Plate to the south and the Caribbean Plate to the north. Most of its borders are convergent boundaries, including a subduction zone to the west. It consists, for the most part, of the countries of Costa Rica and Panama.