Central America Volcanoes:Central America is famous for its volcanoes. The isthmus's location along the Ring of Fire has resulted in tons of volcanic activity, from the distant past until today. Most Central America volcanoes are dormant, but a number of them are still active. You can even hike several of them! Besides four dormant volcanoes in Honduras and one in Panama, the majority of Central America's volcanoes are located in Guatemala, Costa Rica, El Salvador and Nicaragua.