Bermuda (2006) | Panama (2003) | |
Administrative divisions | 9 parishes and 2 municipalities*; Devonshire, Hamilton, Hamilton*, Paget, Pembroke, Saint George*, Saint George's, Sandys, Smith's, Southampton, Warwick | 9 provinces (provincias, singular - provincia) and 1 territory* (comarca); Bocas del Toro, Chiriqui, Cocle, Colon, Darien, Herrera, Los Santos, Panama, San Blas*, and Veraguas |
Age structure | 0-14 years: 18.6% (male 6,146/female 6,098)
15-64 years: 69.2% (male 22,562/female 22,954) 65 years and over: 12.2% (male 3,479/female 4,534) (2006 est.) |
0-14 years: 30.6% (male 461,670; female 443,671)
15-64 years: 63.3% (male 950,089; female 924,038) 65 years and over: 6.1% (male 86,006; female 95,310) (2003 est.) |
Agriculture - products | bananas, vegetables, citrus, flowers; dairy products, honey | bananas, rice, corn, coffee, sugarcane, vegetables; livestock; shrimp |
Airports | 1 (2006) | 103 (2002) |
Airports - with paved runways | total: 1
2,438 to 3,047 m: 1 (2006) |
total: 41
over 3,047 m: 1 2,438 to 3,047 m: 1 1,524 to 2,437 m: 5 914 to 1,523 m: 13 under 914 m: 21 (2002) |
Airports - with unpaved runways | - | total: 62
914 to 1,523 m: 12 under 914 m: 50 (2002) |
Area | total: 53.3 sq km
land: 53.3 sq km water: 0 sq km |
total: 78,200 sq km
land: 75,990 sq km water: 2,210 sq km |
Area - comparative | about one-third the size of Washington, DC | slightly smaller than South Carolina |
Background | Bermuda was first settled in 1609 by shipwrecked English colonists headed for Virginia. Tourism to the island to escape North American winters first developed in Victorian times. Tourism continues to be important to the island's economy, although international business has overtaken it in recent years. Bermuda has developed into a highly successful offshore financial center. Although a referendum on independence from the UK was soundly defeated in 1995, the present government has reopened debate on the issue. | With US backing, Panama seceded from Colombia in 1903 and promptly signed a treaty with the US allowing for the construction of a canal and US sovereignty over a strip of land on either side of the structure (the Panama Canal Zone). The Panama Canal was built by the US Army Corps of Engineers between 1904 and 1914. On 7 September 1977, an agreement was signed for the complete transfer of the Canal from the US to Panama by the end of 1999. Certain portions of the Zone and increasing responsibility over the Canal were turned over in the intervening years. With US help, dictator Manuel NORIEGA was deposed in 1989. The entire Panama Canal, the area supporting the Canal, and remaining US military bases were turned over to Panama by or on 31 December 1999. |
Birth rate | 11.4 births/1,000 population (2006 est.) | 20.78 births/1,000 population (2003 est.) |
Budget | revenues: $738 million
expenditures: $665 million (FY04/05) |
revenues: $1.9 billion
expenditures: $2 billion, including capital expenditures of $471 million (2000 est.) |
Capital | name: Hamilton
geographic coordinates: 32 17 N, 64 46 W time difference: UTC-4 (1 hour ahead of Washington, DC during Standard Time) daylight saving time: +1hr, begins first Sunday in April; ends last Sunday in October |
Panama |
Climate | subtropical; mild, humid; gales, strong winds common in winter | tropical maritime; hot, humid, cloudy; prolonged rainy season (May to January), short dry season (January to May) |
Coastline | 103 km | 2,490 km |
Constitution | 8 June 1968; amended 1989 and 2003 | 11 October 1972; major reforms adopted 1978, 1983 and 1994 |
Country name | conventional long form: none
conventional short form: Bermuda former: Somers Islands |
conventional long form: Republic of Panama
conventional short form: Panama local long form: Republica de Panama local short form: Panama |
Currency | - | balboa (PAB); US dollar (USD) |
Death rate | 7.74 deaths/1,000 population (2006 est.) | 6.25 deaths/1,000 population (2003 est.) |
Debt - external | $160 million (FY99/00) | $7 billion (2002 est.) |
Dependency status | overseas territory of the UK | - |
Diplomatic representation from the US | chief of mission: Consul General Gregory W. SLAYTON
consulate(s) general: Crown Hill, 16 Middle Road, Devonshire DVO3 mailing address: P. O. Box HM325, Hamilton HMBX; American Consulate General Hamilton, US Department of State, 5300 Hamilton Place, Washington, DC 20520-5300 telephone: [1] (441) 295-1342 FAX: [1] (441) 295-1592, [1] (441) 296-9233 |
chief of mission: Ambassador Linda Ellen WATT
embassy: Avenida Balboa and Calle 37, Apartado Postal 0816-02561, Zona 5, Panama City 5 mailing address: American Embassy Panama, Unit 0945, APO AA 34002 telephone: [507] 207-7000 FAX: [507] 227-1964 |
Diplomatic representation in the US | none (overseas territory of the UK) | chief of mission: Ambassador Roberto ALFARO Estripeaut
chancery: 2862 McGill Terrace NW, Washington, DC 20008 telephone: [1] (202) 483-1407 FAX: [1] (202) 483-8416 consulate(s) general: Atlanta, Houston, Miami, New Orleans, New York, Philadelphia, San Francisco, San Juan (Puerto Rico), Tampa |
Disputes - international | none | none |
Economic aid - recipient | $NA | $197.1 million (1995) |
Economy - overview | Bermuda enjoys the highest per capita income in the world, more than 50% higher than that of the US. Its economy is primarily based on providing financial services for international business and luxury facilities for tourists. A number of reinsurance companies relocated to the island following 11 September 2001 and again after Hurricane Katrina, contributing to the expansion of an already robust international business sector. Bermuda's tourism industry - which derives over 80% of its visitors from the US - continues to struggle but remains the island's number two industry. Most capital equipment and food must be imported. Bermuda's industrial sector is small, although construction continues to be important; the average cost of a house in June 2003 had risen to $976,000. Agriculture is limited with only 20% of the land being arable. | Panama's economy is based primarily on a well-developed services sector that accounts for three-fourths of GDP. Services include operating the Panama Canal, banking, the Colon Free Zone, insurance, container ports, flagship registry, and tourism. A slump in Colon Free Zone and agricultural exports, the global slowdown, and the withdrawal of US military forces held back economic growth in 2000-02. The government has been backing public works programs, tax reforms, new regional trade agreements, and development of tourism in order to stimulate growth. |
Electricity - consumption | 616.7 million kWh (2005) | 3.681 billion kWh (2001) |
Electricity - exports | 0 kWh (2005) | 118 million kWh (2001) |
Electricity - imports | 0 kWh (2005) | 43 million kWh (2001) |
Electricity - production | 682.5 million kWh (2005) | 4.039 billion kWh (2001) |
Electricity - production by source | - | fossil fuel: 37%
hydro: 61.3% nuclear: 0% other: 1.7% (2001) |
Elevation extremes | lowest point: Atlantic Ocean 0 m
highest point: Town Hill 76 m |
lowest point: Pacific Ocean 0 m
highest point: Volcan de Chiriqui 3,475 m |
Environment - current issues | sustainable development | water pollution from agricultural runoff threatens fishery resources; deforestation of tropical rain forest; land degradation and soil erosion threatens siltation of Panama Canal; air pollution in urban areas; mining threatens natural resources |
Environment - international agreements | - | party to: Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Hazardous Wastes, Law of the Sea, Marine Dumping, Nuclear Test Ban, Ozone Layer Protection, Ship Pollution, Tropical Timber 83, Tropical Timber 94, Wetlands, Whaling
signed, but not ratified: Marine Life Conservation |
Ethnic groups | black 54.8%, white 34.1%, mixed 6.4%, other races 4.3%, unspecified 0.4% (2000 census) | mestizo (mixed Amerindian and white) 70%, Amerindian and mixed (West Indian) 14%, white 10%, Amerindian 6% |
Exchange rates | Bermudian dollar per US dollar - 1.0000 (fixed rate pegged to the US dollar) | balboas per US dollar - 1 (2002), 1 (2001), 1 (2000), 1 (1999), 1 (1998) |
Executive branch | chief of state: Queen ELIZABETH II (since 6 February 1952), represented by Governor Sir John VEREKER (since 11 April 2002)
head of government: Premier Ewart BROWN (since 30 October 2006); Deputy Premier Paula COX cabinet: Cabinet nominated by the premier, appointed by the governor elections: none; the monarch is hereditary; governor appointed by the monarch; following legislative elections, the leader of the majority party or the leader of the majority coalition is usually appointed premier by the governor |
chief of state: President Mireya Elisa MOSCOSO Rodriguez (since 1 September 1999); First Vice President Arturo Ulises VALLARINO (since 1 September 1999); Second Vice President Dominador "Kaiser" Baldonero BAZAN Jimenez (since 1 September 1999); note - the president is both the chief of state and head of government
head of government: President Mireya Elisa MOSCOSO Rodriguez (since 1 September 1999); First Vice President Arturo Ulises VALLARINO (since 1 September 1999); Second Vice President Dominador "Kaiser" Baldonero BAZAN Jimenez (since 1 September 1999); note - the president is both the chief of state and head of government cabinet: Cabinet appointed by the president elections: president and vice presidents elected on the same ticket by popular vote for five-year terms; election last held 2 May 1999 (next to be held NA May 2004) election results: Mireya Elisa MOSCOSO Rodriguez elected president; percent of vote - Mireya Elisa MOSCOSO Rodriguez (PA) 44%, Martin TORRIJOS (PRD) 37% note: government coalition - PA, MOLIRENA, Democratic Change, MORENA, PLN, PS |
Exports | 0 bbl/day NA bbl/day | NA (2001) |
Exports - commodities | reexports of pharmaceuticals | bananas, shrimp, sugar, coffee, clothing (1999) |
Exports - partners | France 65.6%, Spain 11.7%, US 4.5% (2005) | US 47.8%, Sweden 5.8%, Costa Rica 4.8%, Honduras 4.4% (2002) |
Fiscal year | 1 April - 31 March | calendar year |
Flag description | red, with the flag of the UK in the upper hoist-side quadrant and the Bermudian coat of arms (white and green shield with a red lion holding a scrolled shield showing the sinking of the ship Sea Venture off Bermuda in 1609) centered on the outer half of the flag | divided into four, equal rectangles; the top quadrants are white (hoist side) with a blue five-pointed star in the center and plain red; the bottom quadrants are plain blue (hoist side) and white with a red five-pointed star in the center |
GDP | - | purchasing power parity - $18.06 billion (2002 est.) |
GDP - composition by sector | agriculture: 1%
industry: 10% services: 89% (2002 est.) |
agriculture: 7%
industry: 17% services: 76% (2001 est.) |
GDP - per capita | - | purchasing power parity - $6,200 (2002 est.) |
GDP - real growth rate | 4.6% (2004 est.) | 0.7% (2002 est.) |
Geographic coordinates | 32 20 N, 64 45 W | 9 00 N, 80 00 W |
Geography - note | consists of about 138 coral islands and islets with ample rainfall, but no rivers or freshwater lakes; some land was leased by US Government from 1941 to 1995 | strategic location on eastern end of isthmus forming land bridge connecting North and South America; controls Panama Canal that links North Atlantic Ocean via Caribbean Sea with North Pacific Ocean |
Highways | - | total: 11,400 km
paved: 3,944 km (including 30 km of expressways) unpaved: 7,456 km (1999) |
Household income or consumption by percentage share | lowest 10%: NA%
highest 10%: NA% |
lowest 10%: 1.2%
highest 10%: 35.7% (1997) |
Illicit drugs | - | major cocaine transshipment point and primary money laundering center for narcotics revenue; money-laundering activity is especially heavy in the Colon Free Zone; offshore financial center; negligible signs of coca cultivation; monitoring of financial transactions is improving; official corruption remains a major problem |
Imports | NA bbl/day | NA (2001) |
Imports - commodities | clothing, fuels, machinery and transport equipment, construction materials, chemicals, food and live animals | capital goods, crude oil, foodstuffs, consumer goods, chemicals (1999) |
Imports - partners | Kazakhstan 51%, France 19%, South Korea 10.2%, US 7.6% (2005) | US 34.3%, Colombia 5.9%, Japan 5.4%, Costa Rica 4.2%, Venezuela 4.2% (2002) |
Independence | none (overseas territory of the UK) | 3 November 1903 (from Colombia; became independent from Spain 28 November 1821) |
Industrial production growth rate | NA% | 0.5% (2002 est.) |
Industries | international business, tourism, light manufacturing | construction, petroleum refining, brewing, cement and other construction materials, sugar milling |
Infant mortality rate | total: 8.3 deaths/1,000 live births
male: 9.85 deaths/1,000 live births female: 6.73 deaths/1,000 live births (2006 est.) |
total: 21.44 deaths/1,000 live births
male: 23.59 deaths/1,000 live births female: 19.19 deaths/1,000 live births (2003 est.) |
Inflation rate (consumer prices) | 2.8% (November 2005) | 1.1% (2001 est.) |
International organization participation | Caricom (associate), ICFTU, Interpol (subbureau), IOC, UPU, WCO | ECLAC, FAO, G-77, IADB, IAEA, IBRD, ICAO, ICCt, ICFTU, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, ISO (correspondent), ITU, LAES, LAIA (observer), NAM, OAS, OPANAL, OPCW, PCA, RG, UN, UNCTAD, UNESCO, UNIDO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WToO, WTrO |
Internet Service Providers (ISPs) | - | 6 (2000) |
Irrigated land | NA | 320 sq km (1998 est.) |
Judicial branch | Supreme Court; Court of Appeal; Magistrate Courts | Supreme Court of Justice or Corte Suprema de Justicia (nine judges appointed for 10-year terms); five superior courts; three courts of appeal |
Labor force | 38,360 (2004) | 1.1 million
note: shortage of skilled labor, but an oversupply of unskilled labor (2000 est.) |
Labor force - by occupation | agriculture and fishing 3%, laborers 17%, clerical 19%, professional and technical 21%, administrative and managerial 15%, sales 7%, services 19% (2004 est.) | agriculture 20.8%, industry 18%, services 61.2% (1995 est.) |
Land boundaries | 0 km | total: 555 km
border countries: Colombia 225 km, Costa Rica 330 km |
Land use | arable land: 20%
permanent crops: 0% other: 80% (55% developed, 45% rural/open space) (2005) |
arable land: 6.72%
permanent crops: 2.08% other: 91.2% (1998 est.) |
Languages | English (official), Portuguese | Spanish (official), English 14%
note: many Panamanians bilingual |
Legal system | English law | based on civil law system; judicial review of legislative acts in the Supreme Court of Justice; accepts compulsory ICJ jurisdiction, with reservations |
Legislative branch | bicameral Parliament consists of the Senate (an 11-member body appointed by the governor, the premier, and the opposition) and the House of Assembly (36 seats; members are elected by popular vote to serve up to five-year terms)
elections: last general election held 24 July 2003 (next to be held not later than July 2008) election results: percent of vote by party - PLP 51.7%, UBP 48%; seats by party - PLP 22, UBP 14 |
unicameral Legislative Assembly or Asamblea Legislativa (71 seats; members are elected by popular vote to serve five-year terms)
elections: last held 2 May 1999 (next to be held NA May 2004) election results: percent of vote by party - NA%; seats by party - PRD 34, PA 18, PDC 5, PS 4, MOLIRENA 3, PLN 3, Democratic Change 2, PRC 1, MORENA 1 note: legislators from outlying rural districts are chosen on a plurality basis while districts located in more populous towns and cities elect multiple legislators by means of a proportion-based formula |
Life expectancy at birth | total population: 77.96 years
male: 75.85 years female: 80.1 years (2006 est.) |
total population: 72.32 years
male: 69.97 years female: 74.79 years (2003 est.) |
Literacy | definition: age 15 and over can read and write
total population: 98% male: 98% female: 99% (2005 est.) |
definition: age 15 and over can read and write
total population: 92.6% male: 93.2% female: 91.9% (2003 est.) |
Location | North America, group of islands in the North Atlantic Ocean, east of South Carolina (US) | Middle America, bordering both the Caribbean Sea and the North Pacific Ocean, between Colombia and Costa Rica |
Map references | North America | Central America and the Caribbean |
Maritime claims | territorial sea: 12 nm
exclusive fishing zone: 200 nm |
contiguous zone: 24 NM
exclusive economic zone: 200 NM territorial sea: 12 NM |
Merchant marine | total: 132 ships (1000 GRT or over) 7,873,728 GRT/8,688,692 DWT
by type: bulk carrier 25, cargo 1, container 24, liquefied gas 23, passenger 19, passenger/cargo 6, petroleum tanker 16, refrigerated cargo 13, roll on/roll off 5 foreign-owned: 116 (Australia 3, Belgium 4, France 1, Germany 21, Greece 2, Hong Kong 10, Indonesia 1, Ireland 1, Israel 3, Monaco 2, Nigeria 11, Norway 5, Sweden 14, Switzerland 2, UK 9, US 27) registered in other countries: 6 (Liberia 1, Marshall Islands 4, Panama 1) (2006) |
total: 4,860 ships (1,000 GRT or over) 122,543,755 GRT/184,910,607 DWT
ships by type: barge carrier 5, bulk 1,443, cargo 846, chemical tanker 376, combination bulk 72, combination ore/oil 17, container 588, liquefied gas 207, livestock carrier 6, multi-functional large-load carrier 12, passenger 38, passenger/cargo 3, petroleum tanker 537, railcar carrier 2, refrigerated cargo 287, roll on/roll off 107, short-sea passenger 41, specialized tanker 33, vehicle carrier 240 note: includes some foreign-owned ships registered here as a flag of convenience: Albania 2, Angola 1, Antigua and Barbuda 1, Argentina 11, Australia 13, Austria 2, The Bahamas 5, Belgium 2, Belize 6, Brazil 6, British Virgin Islands 8, Cambodia 1, Canada 9, Chile 12, China 259, Colombia 14, Croatia 2, Cuba 20, Cyprus 3, Denmark 3, Dominican Republic 1, Ecuador 3, Egypt 16, Equatorial Guinea 1, France 9, Germany 72, Greece 523, Haiti 1, Honduras 3, Hong Kong 299, Iceland 1, India 18, Indonesia 48, Ireland 1, Israel 5, Italy 9, Japan 1,642, Kenya 1, Kuwait 2, Latvia 8, Liberia 5, Lithuania 1, Malaysia 18, Malta 2, Marshall Islands 1, Mexico 8, Monaco 112, Netherlands 19, Netherlands Antilles 1, Nigeria 3, Norway 98, Paraguay 1, Peru 15, Philippines 49, Poland 5, Portugal 7, Puerto Rico 2, Romania 7, Russia 12, Saint Kitts and Nevis 1, Saint Vincent and the Grenadines 5, Saudi Arabia 4, Seychelles 1, Singapore 112, South Africa 3, South Korea 342, Spain 52, Sri Lanka 3, Sudan 1, Sweden 2, Switzerland 81, Taiwan 334, Thailand 14, Trinidad and Tobago 1, Tunisia 1, Turkey 4, Ukraine 1, UAE 54, UK 73, US 115, Venezuela 6 (2002 est.) |
Military - note | defense is the responsibility of the UK | on 10 February 1990, the government of then President ENDARA abolished Panama's military and reformed the security apparatus by creating the Panamanian Public Forces; in October 1994, Panama's Legislative Assembly approved a constitutional amendment prohibiting the creation of a standing military force, but allowing the temporary establishment of special police units to counter acts of "external aggression" |
Military branches | no regular military forces | an amendment to the Constitution abolished the armed forces, but there are security forces (Panamanian Public Forces or PPF includes the Panamanian National Police, National Maritime Service, and National Air Service) |
Military expenditures - dollar figure | $4.03 million (2001) | $128 million (FY99) |
Military expenditures - percent of GDP | 0.11% (FY00/01) | 1.3% (FY99) |
Military manpower - availability | - | males age 15-49: 797,456 (2003 est.) |
Military manpower - fit for military service | - | males age 15-49: 544,967 (2003 est.) |
National holiday | Bermuda Day, 24 May | Independence Day, 3 November (1903) |
Nationality | noun: Bermudian(s)
adjective: Bermudian |
noun: Panamanian(s)
adjective: Panamanian |
Natural hazards | hurricanes (June to November) | occasional severe storms and forest fires in the Darien area |
Natural resources | limestone, pleasant climate fostering tourism | copper, mahogany forests, shrimp, hydropower |
Net migration rate | 2.4 migrant(s)/1,000 population (2006 est.) | -0.97 migrant(s)/1,000 population (2003 est.) |
Pipelines | - | crude oil 130 km (2001) |
Political parties and leaders | Progressive Labor Party or PLP [Ewart BROWN]; United Bermuda Party or UBP [Wayne FURBERT] | Arnulfista Party or PA [Mireya Elisa MOSCOSO Rodriguez]; Civic Renewal Party or PRC [Serguei DE LA ROSA]; Democratic Change [Ricardo MARTINELLI]; Democratic Revolutionary Party or PRD [Martin TORRIJOS]; National Liberal Party or PLN [Raul ARANGO Gasteazopo]; National Renovation Movement or MORENA [Pedro VALLARINO Cox]; Nationalist Republican Liberal Movement or MOLIRENA [Ramon MORALES]; Popular Party or PP (formerly Christian Democratic Party or PDC) [Ruben AROSEMENA]; Solidarity Party or PS [Samuel LEWIS Galindo] |
Political pressure groups and leaders | Bermuda Employer's Union [Eddie SAINTS]; Bermuda Industrial Union or BIU [Derrick BURGESS]; Bermuda Public Services Union or BPSU [Ed BALL]; Bermuda Union of Teachers [Michael CHARLES] | Chamber of Commerce; National Civic Crusade; National Council of Organized Workers or CONATO; National Union of Construction and Similar Workers (SUNTRACS); National Council of Private Enterprise or CONEP; Panamanian Association of Business Executives or APEDE; Panamanian Industrialists Society or SIP; Workers Confederation of the Republic of Panama or CTRP |
Population | 65,773 (July 2006 est.) | 2,960,784 (July 2003 est.) |
Population below poverty line | 19% (2000) | 37% (1999 est.) |
Population growth rate | 0.61% (2006 est.) | 1.36% (2003 est.) |
Ports and harbors | - | Balboa, Cristobal, Coco Solo, Manzanillo (part of Colon area), Vacamonte |
Radio broadcast stations | AM 5, FM 3, shortwave 0 (2005) | AM 101, FM 134, shortwave 0 (1998) |
Railways | - | total: 355 km
broad gauge: 76 km 1.524-m gauge narrow gauge: 279 km 0.914-m gauge (2002) |
Religions | Anglican 23%, Roman Catholic 15%, African Methodist Episcopal 11%, other Protestant 18%, other 12%, unaffiliated 6%, unspecified 1%, none 14% (2000 census) | Roman Catholic 85%, Protestant 15% |
Sex ratio | at birth: 1.02 male(s)/female
under 15 years: 1.01 male(s)/female 15-64 years: 0.98 male(s)/female 65 years and over: 0.77 male(s)/female total population: 0.96 male(s)/female (2006 est.) |
at birth: 1.05 male(s)/female
under 15 years: 1.04 male(s)/female 15-64 years: 1.03 male(s)/female 65 years and over: 0.9 male(s)/female total population: 1.02 male(s)/female (2003 est.) |
Suffrage | 18 years of age; universal | 18 years of age; universal and compulsory |
Telephone system | general assessment: good
domestic: fully automatic digital telephone system; fiber optic trunk lines international: country code - 1-441; submarine cables - 3 (fiber optic); satellite earth stations - 3 (2005) |
general assessment: domestic and international facilities well developed
domestic: NA international: 1 coaxial submarine cable; satellite earth stations - 2 Intelsat (Atlantic Ocean); connected to the Central American Microwave System |
Telephones - main lines in use | 56,000 (2002) | 396,000 (1997) |
Telephones - mobile cellular | 49,000 (2004) | 17,000 (1997) |
Television broadcast stations | 3 (2005) | 38 (including repeaters) (1998) |
Terrain | low hills separated by fertile depressions | interior mostly steep, rugged mountains and dissected, upland plains; coastal areas largely plains and rolling hills |
Total fertility rate | 1.89 children born/woman (2006 est.) | 2.53 children born/woman (2003 est.) |
Unemployment rate | 2.1% (2004 est.) | 16% (2002 est.) |
Waterways | - | 882 km
note: 800 km navigable by shallow draft vessels; 82 km Panama Canal |