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Compare Cayman Islands (2006) - Panama (2007)
Compare Cayman Islands (2006) z Panama (2007)
| Cayman Islands (2006) | Panama (2007) | |
 |  | |
| Administrative divisions | 8 districts; Creek, Eastern, Midland, South Town, Spot Bay, Stake Bay, West End, Western | 9 provinces (provincias, singular - provincia) and 1 territory* (comarca); Bocas del Toro, Chiriqui, Cocle, Colon, Darien, Herrera, Los Santos, Panama, San Blas*(Kuna Yala), and Veraguas |
| Age structure | 0-14 years: 20.7% (male 4,708/female 4,700)
15-64 years: 70.9% (male 15,707/female 16,504) 65 years and over: 8.4% (male 1,793/female 2,024) (2006 est.) |
0-14 years: 30% (male 496,195/female 476,508)
15-64 years: 63.6% (male 1,044,139/female 1,016,805) 65 years and over: 6.4% (male 97,365/female 111,161) (2007 est.) |
| Agriculture - products | vegetables, fruit; livestock; turtle farming | bananas, rice, corn, coffee, sugarcane, vegetables; livestock; shrimp |
| Airports | 3 (2006) | 116 (2007) |
| Airports - with paved runways | total: 2
1,524 to 2,437 m: 2 (2006) |
total: 54
over 3,047 m: 1 2,438 to 3,047 m: 1 1,524 to 2,437 m: 5 914 to 1,523 m: 18 under 914 m: 29 (2007) |
| Airports - with unpaved runways | total: 1
914 to 1,523 m: 1 (2006) |
total: 62
1,524 to 2,437 m: 1 914 to 1,523 m: 11 under 914 m: 50 (2007) |
| Area | total: 262 sq km
land: 262 sq km water: 0 sq km |
total: 78,200 sq km
land: 75,990 sq km water: 2,210 sq km |
| Area - comparative | 1.5 times the size of Washington, DC | slightly smaller than South Carolina |
| Background | The Cayman Islands were colonized from Jamaica by the British during the 18th and 19th centuries, and were administered by Jamaica after 1863. In 1959, the islands became a territory within the Federation of the West Indies, but when the Federation dissolved in 1962, the Cayman Islands chose to remain a British dependency. | Explored and settled by the Spanish in the 16th century, Panama broke with Spain in 1821 and joined a union of Colombia, Venezuela, and Ecuador - named the Republic of Gran Colombia. When the latter dissolved in 1830, Panama remained part of Colombia. 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. In 1977, an agreement was signed for the complete transfer of the Canal from the US to Panama by the end of the century. Certain portions of the Zone and increasing responsibility over the Canal were turned over in the subsequent decades. 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 transferred to Panama by the end of 1999. In October 2006, Panamanians approved an ambitious plan to expand the Canal. The project, which is to begin in 2007 and could double the Canal's capacity, is expected to be completed in 2014-15. |
| Birth rate | 12.74 births/1,000 population (2006 est.) | 21.45 births/1,000 population (2007 est.) |
| Budget | revenues: $423.8 million
expenditures: $392.6 million; including capital expenditures of $NA (1997) |
revenues: $4.283 billion
expenditures: $4.195 billion (2006 est.) |
| Capital | name: George Town (on Grand Cayman)
geographic coordinates: 19 20 N, 81 23 W time difference: UTC-5 (same time as Washington, DC during Standard Time) |
name: Panama
geographic coordinates: 8 58 N, 79 32 W time difference: UTC-5 (same time as Washington, DC during Standard Time) |
| Climate | tropical marine; warm, rainy summers (May to October) and cool, relatively dry winters (November to April) | tropical maritime; hot, humid, cloudy; prolonged rainy season (May to January), short dry season (January to May) |
| Coastline | 160 km | 2,490 km |
| Constitution | 1959; revised 1962, 1972, and 1994 | 11 October 1972; major reforms adopted 1978, 1983, 1994, and 2004 |
| Country name | conventional long form: none
conventional short form: Cayman Islands |
conventional long form: Republic of Panama
conventional short form: Panama local long form: Republica de Panama local short form: Panama |
| Death rate | 4.89 deaths/1,000 population (2006 est.) | 5.44 deaths/1,000 population (2007 est.) |
| Debt - external | $70 million (1996) | $9.972 billion (2006 est.) |
| Dependency status | overseas territory of the UK | - |
| Diplomatic representation from the US | none (overseas territory of the UK) | chief of mission: Ambassador William A. EATON
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 Federico HUMBERT Arias
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 | organized illegal narcotics operations in Colombia operate within the remote border region with Panama |
| Economic aid - recipient | $390,000 $NA | $19.54 million (2005) |
| Economy - overview | With no direct taxation, the islands are a thriving offshore financial center. More than 40,000 companies were registered in the Cayman Islands as of 1998, including almost 600 banks and trust companies; banking assets exceed $500 billion. A stock exchange was opened in 1997. Tourism is also a mainstay, accounting for about 70% of GDP and 75% of foreign currency earnings. The tourist industry is aimed at the luxury market and caters mainly to visitors from North America. Total tourist arrivals exceeded 1.2 million in 1997, with 600,000 from the US. About 90% of the islands' food and consumer goods must be imported. The Caymanians enjoy one of the highest outputs per capita and one of the highest standards of living in the world. | Panama's dollarized economy rests 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 the Colon Free Zone and agricultural exports, the global slowdown, and the withdrawal of US military forces held back economic growth in 2000-03; growth picked up in 2004-06 led by export-oriented services and a construction boom stimulated by tax incentives. The government has implemented tax reforms, as well as social security reforms, and backs regional trade agreements and development of tourism. Unemployment remains high. In October 2006, voters passed a referendum to expand the Panama Canal to accommodate ships that are now too large to transverse the transoceanic crossway. Not a CAFTA signatory, Panama in December 2006 independently negotiated a free trade agreement with the US, which, when implemented, will help promote the country's economic growth. |
| Electricity - consumption | 411 million kWh (2003) | 4.735 billion kWh (2005) |
| Electricity - exports | 0 kWh (2003) | 51 million kWh (2005) |
| Electricity - imports | 0 kWh (2003) | 55 million kWh (2005) |
| Electricity - production | 441.9 million kWh (2003) | 5.661 billion kWh (2005) |
| Elevation extremes | lowest point: Caribbean Sea 0 m
highest point: The Bluff (Cayman Brac) 43 m |
lowest point: Pacific Ocean 0 m
highest point: Volcan Baru 3,475 m |
| Environment - current issues | no natural fresh water resources; drinking water supplies must be met by rainwater catchments | 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, Ozone Layer Protection, Ship Pollution, Tropical Timber 83, Tropical Timber 94, Wetlands, Whaling
signed, but not ratified: Marine Life Conservation |
| Ethnic groups | mixed 40%, white 20%, black 20%, expatriates of various ethnic groups 20% | mestizo (mixed Amerindian and white) 70%, Amerindian and mixed (West Indian) 14%, white 10%, Amerindian 6% |
| Exchange rates | Caymanian dollars per US dollar - 0.82 (29 October 2001), 0.83 (3 November 1995), 0.85 (22 November 1993) | balboas per US dollar - 1 (2006), 1 (2005), 1 (2004), 1 (2003), 1 (2002) |
| Executive branch | chief of state: Queen ELIZABETH II (since 6 February 1952); Governor Stuart JACK (since 23 November 2005)
head of government: Leader of Government Business Kurt TIBBETTS (since 18 May 2005) cabinet: Executive Council (three members appointed by the governor, four members elected by the Legislative Assembly) elections: none; the monarch is hereditary; the governor is appointed by the monarch; following legislative elections, the leader of the majority party or coalition is appointed by the governor Leader of Government Business |
chief of state: President Martin TORRIJOS Espino (since 1 September 2004); First Vice President Samuel LEWIS Navarro (since 1 September 2004); Second Vice President Ruben AROSEMENA Valdes (since 1 September 2004); note - the president is both the chief of state and head of government
head of government: President Martin TORRIJOS Espino (since 1 September 2004); First Vice President Samuel LEWIS Navarro (since 1 September 2004); Second Vice President Ruben AROSEMENA Valdes (since 1 September 2004) cabinet: Cabinet appointed by the president elections: president and vice presidents elected on the same ticket by popular vote for five-year terms (eligible for two more terms); election last held 2 May 2004 (next to be held on 3 May 2009); note - beginning in 2009, Panama will have only one vice president. election results: Martin TORRIJOS Espino elected president; percent of vote - Martin TORRIJOS Espino 47.5%, Guillermo ENDARA Galimany 30.6%, Jose Miguel ALEMAN 17%, Ricardo MARTINELLI 4.9% note: government coalition - PRD (Democratic Revolutionary Party), PP (Popular Party) |
| Exports | NA bbl/day | NA bbl/day |
| Exports - commodities | turtle products, manufactured consumer goods | bananas, shrimp, sugar, coffee, clothing |
| Exports - partners | mostly US (2004) | US 39.8%, Spain 8.1%, Netherlands 6.7%, Sweden 5.6%, Costa Rica 4.5% (2006) |
| Fiscal year | 1 April - 31 March | calendar year |
| Flag description | blue, with the flag of the UK in the upper hoist-side quadrant and the Caymanian coat of arms centered on the outer half of the flag; the coat of arms includes a pineapple and turtle above a shield with three stars (representing the three islands) and a scroll at the bottom bearing the motto HE HATH FOUNDED IT UPON THE SEAS | 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 - composition by sector | agriculture: 1.4%
industry: 3.2% services: 95.4% (1994 est.) |
agriculture: 7.3%
industry: 16.5% services: 76.3% (2006 est.) |
| GDP - real growth rate | 0.9% (2004 est.) | 8.1% (2006 est.) |
| Geographic coordinates | 19 30 N, 80 30 W | 9 00 N, 80 00 W |
| Geography - note | important location between Cuba and Central America | 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 |
| Heliports | - | 2 (2007) |
| Household income or consumption by percentage share | lowest 10%: NA%
highest 10%: NA% |
lowest 10%: 0.7%
highest 10%: 43% (2003) |
| Illicit drugs | offshore financial center; vulnerable to drug transshipment to the US and Europe | 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 bbl/day |
| Imports - commodities | foodstuffs, manufactured goods | capital goods, foodstuffs, consumer goods, chemicals |
| Imports - partners | US, Netherlands Antilles, Japan (2004) | US 27%, Netherlands Antilles 10.1%, Costa Rica 5.1%, Japan 4.7% (2006) |
| Independence | none (overseas territory of the UK) | 3 November 1903 (from Colombia; became independent from Spain 28 November 1821) |
| Industrial production growth rate | NA% | 3% (2006 est.) |
| Industries | tourism, banking, insurance and finance, construction, construction materials, furniture | construction, brewing, cement and other construction materials, sugar milling |
| Infant mortality rate | total: 8 deaths/1,000 live births
male: 9.16 deaths/1,000 live births female: 6.81 deaths/1,000 live births (2006 est.) |
total: 15.96 deaths/1,000 live births
male: 17.33 deaths/1,000 live births female: 14.54 deaths/1,000 live births (2007 est.) |
| Inflation rate (consumer prices) | 4.4% (2004) | 1.1% (2006 est.) |
| International organization participation | Caricom (associate), CDB, Interpol (subbureau), IOC, UNESCO (associate), UPU | CAN (observer), CSN (observer), FAO, G-77, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, LAES, LAIA (observer), MIGA, NAM, OAS, OPANAL, OPCW, PCA, RG, UN, UNCTAD, UNESCO, UNIDO, Union Latina, UNWTO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WTO |
| Irrigated land | NA | 430 sq km (2003) |
| Judicial branch | Summary Court; Grand Court; Cayman Islands Court of Appeal | 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 | 23,450 (2004) | 1.439 million
note: shortage of skilled labor, but an oversupply of unskilled labor (2006 est.) |
| Labor force - by occupation | agriculture: 1.4%
industry: 12.6% services: 86% (1995) |
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: 3.85%
permanent crops: 0% other: 96.15% (2005) |
arable land: 7.26%
permanent crops: 1.95% other: 90.79% (2005) |
| Languages | English | Spanish (official), English 14%; note - many Panamanians bilingual |
| Legal system | British common law and local statutes | based on civil law system; judicial review of legislative acts in the Supreme Court of Justice; accepts compulsory ICJ jurisdiction with reservations |
| Legislative branch | unicameral Legislative Assembly (18 seats, 3 appointed members from the Executive Council and 15 elected by popular vote; members serve four-year terms)
elections: last held 11 May 2005 (next to be held in 2009) election results: percent of vote by party - NA; seats by party - PPM 9, UDP 5, independent 1 |
unicameral National Assembly or Asamblea Nacional (78 seats; members are elected by popular vote to serve five-year terms); note - in 2009, the number of seats will change to 71
elections: last held 2 May 2004 (next to be held 3 May 2009) election results: percent of vote by party - NA; seats by party - PRD 41, PA 17, PS 9, MOLIRENA 4, CD 3, PLN 3, PP 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: 80.07 years
male: 77.45 years female: 82.74 years (2006 est.) |
total population: 75.19 years
male: 72.69 years female: 77.8 years (2007 est.) |
| Literacy | definition: age 15 and over has ever attended school
total population: 98% male: 98% female: 98% (1970 est.) |
definition: age 15 and over can read and write
total population: 91.9% male: 92.5% female: 91.2% (2000 census) |
| Location | Caribbean, three island (Grand Cayman, Cayman Brac, Little Cayman) group in Caribbean Sea, 240 km south of Cuba and 268 km northwest of Jamaica | Central America, bordering both the Caribbean Sea and the North Pacific Ocean, between Colombia and Costa Rica |
| Map references | Central America and the Caribbean | Central America and the Caribbean |
| Maritime claims | territorial sea: 12 nm
exclusive fishing zone: 200 nm |
territorial sea: 12 nm
contiguous zone: 24 nm exclusive economic zone: 200 nm or edge of continental margin |
| Merchant marine | total: 132 ships (1000 GRT or over) 2,746,290 GRT/4,366,790 DWT
by type: bulk carrier 32, cargo 14, chemical tanker 42, liquefied gas 1, passenger 1, petroleum tanker 14, refrigerated cargo 23, roll on/roll off 3, specialized tanker 1, vehicle carrier 1 foreign-owned: 130 (Denmark 5, Germany 13, Greece 21, Italy 12, Japan 1, Malaysia 1, Netherlands 4, Norway 2, Philippines 1, Singapore 10, Sweden 9, UK 10, US 41) (2006) |
total: 5,764 ships (1000 GRT or over) 159,649,801 GRT/240,190,316 DWT
by type: barge carrier 2, bulk carrier 1,940, cargo 1,034, carrier 3, chemical tanker 507, combination ore/oil 6, container 710, liquefied gas 191, livestock carrier 7, passenger 46, passenger/cargo 72, petroleum tanker 522, refrigerated cargo 288, roll on/roll off 129, specialized tanker 22, vehicle carrier 285 foreign-owned: 4,949 (Albania 1, Argentina 8, Australia 4, Bahamas 2, Bangladesh 1, Belgium 11, Bulgaria 1, Canada 17, Chile 8, China 473, Colombia 4, Croatia 6, Cuba 11, Cyprus 15, Denmark 32, Dominican Republic 1, Ecuador 2, Egypt 13, Estonia 3, France 15, Gabon 1, Germany 38, Greece 505, Hong Kong 137, India 25, Indonesia 37, Iran 4, Ireland 1, Israel 2, Italy 10, Jamaica 1, Japan 2,151, Jordan 11, South Korea 316, Kuwait 1, Latvia 5, Lebanon 3, Lithuania 5, Malaysia 14, Maldives 1, Malta 2, Mexico 4, Monaco 11, Netherlands 14, Nigeria 6, Norway 60, Oman 1, Pakistan 5, Peru 15, Philippines 12, Poland 15, Portugal 9, Qatar 1, Romania 8, Russia 9, Saudi Arabia 14, Singapore 83, Spain 61, Sri Lanka 3, Sweden 9, Switzerland 26, Syria 24, Taiwan 306, Thailand 10, Turkey 53, Turks and Caicos Islands 1, Ukraine 8, UAE 108, UK 35, US 115, Venezuela 10, Vietnam 10, Yemen 5) registered in other countries: 1 (Venezuela 1) (2007) |
| 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; Royal Cayman Islands Police Force | 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 - percent of GDP | - | 1% (2006) |
| National holiday | Constitution Day, first Monday in July | Independence Day, 3 November (1903) |
| Nationality | noun: Caymanian(s)
adjective: Caymanian |
noun: Panamanian(s)
adjective: Panamanian |
| Natural hazards | hurricanes (July to November) | occasional severe storms and forest fires in the Darien area |
| Natural resources | fish, climate and beaches that foster tourism | copper, mahogany forests, shrimp, hydropower |
| Net migration rate | 17.78 migrant(s)/1,000 population
note: major destination for Cubans trying to migrate to the US (2006 est.) |
-0.37 migrant(s)/1,000 population (2007 est.) |
| Political parties and leaders | no national teams (loose groupings of political organizations) were formed for the 2000 elections; United Democratic Party or UDP [leader McKeeva BUSH]; People's Progressive Movement or PPM [leader Kurt TIBBETTS] | Democratic Change or CD [Ricardo MARTINELLI]; Democratic Revolutionary Party or PRD [Hugo GUIRAUD]; Liberal Party or PLN [Joaquin F. Franco VASQUEZ]; Nationalist Republican Liberal Movement or MOLIRENA [Gisela CHUNG]; Panamenista Party or PA [Juan Carlos VARELA] (formerly the Arnulfista Party); Patriotic Union Party or PUP [Jose Raul MULINO and Anibal GALINDO]; Popular Party or PP [Rene ORILLAC] (formerly Christian Democratic Party or PDC); Solidarity Party or PS |
| Political pressure groups and leaders | NA | Chamber of Commerce; National Civic Crusade; National Council of Organized Workers or CONATO; National Council of Private Enterprise or CONEP; National Union of Construction and Similar Workers (SUNTRACS); Panamanian Association of Business Executives or APEDE; Panamanian Industrialists Society or SIP; Workers Confederation of the Republic of Panama or CTRP |
| Population | 45,436
note: most of the population lives on Grand Cayman (July 2006 est.) |
3,242,173 (July 2007 est.) |
| Population below poverty line | NA% | 37% (1999 est.) |
| Population growth rate | 2.56% (2006 est.) | 1.564% (2007 est.) |
| Radio broadcast stations | AM 1, FM 4, shortwave 0 (2004) | AM 101, FM 134, shortwave 0 (1998) |
| Railways | - | total: 355 km
standard gauge: 77 km 1.435-m gauge narrow gauge: 278 km 0.914-m gauge (2006) |
| Religions | United Church (Presbyterian and Congregational), Anglican, Baptist, Church of God, other Protestant, Roman Catholic | Roman Catholic 85%, Protestant 15% |
| Sex ratio | at birth: 1.02 male(s)/female
under 15 years: 1 male(s)/female 15-64 years: 0.95 male(s)/female 65 years and over: 0.89 male(s)/female total population: 0.96 male(s)/female (2006 est.) |
at birth: 1.05 male(s)/female
under 15 years: 1.041 male(s)/female 15-64 years: 1.027 male(s)/female 65 years and over: 0.876 male(s)/female total population: 1.021 male(s)/female (2007 est.) |
| Suffrage | 18 years of age; universal | 18 years of age; universal and compulsory |
| Telephone system | general assessment: reasonably good system
domestic: liberalization of telecom market in 2003 reflected in falling prices and improving services international: country code - 1-345; 2 submarine fiber optic cables (Maya-1, Cayman-Jamaica); satellite earth station - 1 Intelsat (Atlantic Ocean) |
general assessment: domestic and international facilities well developed
domestic: NA international: country code - 507; 1 coaxial submarine cable; satellite earth stations - 2 Intelsat (Atlantic Ocean); connected to the Central American Microwave System |
| Telephones - main lines in use | 38,000 (2002) | 432,900 (2006) |
| Telephones - mobile cellular | 17,000 (2002) | 1.694 million (2005) |
| Television broadcast stations | 4 with cable system (2004) | 38 (including repeaters) (1998) |
| Terrain | low-lying limestone base surrounded by coral reefs | interior mostly steep, rugged mountains and dissected, upland plains; coastal areas largely plains and rolling hills |
| Total fertility rate | 1.9 children born/woman (2006 est.) | 2.66 children born/woman (2007 est.) |
| Unemployment rate | 4.4% (2004) | 8.8% (2006 est.) |
| Waterways | - | 800 km (includes 82 km Panama Canal) (2007) |
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