Liechtenstein (2008) | Panama (2006) | |
Administrative divisions | 11 communes (Gemeinden, singular - Gemeinde); Balzers, Eschen, Gamprin, Mauren, Planken, Ruggell, Schaan, Schellenberg, Triesen, Triesenberg, Vaduz | 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: 17.1% (male 2,902/female 2,963)
15-64 years: 70% (male 11,887/female 12,101) 65 years and over: 12.8% (male 1,862/female 2,532) (2007 est.) |
0-14 years: 30.3% (male 492,403/female 472,996)
15-64 years: 63.4% (male 1,025,898/female 998,926) 65 years and over: 6.3% (male 94,122/female 106,974) (2006 est.) |
Agriculture - products | wheat, barley, corn, potatoes; livestock, dairy products | bananas, rice, corn, coffee, sugarcane, vegetables; livestock; shrimp |
Airports | - | 117 (2006) |
Airports - with paved runways | - | total: 53
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: 28 (2006) |
Airports - with unpaved runways | - | total: 64
1,524 to 2,437 m: 1 914 to 1,523 m: 10 under 914 m: 53 (2006) |
Area | total: 160 sq km
land: 160 sq km water: 0 sq km |
total: 78,200 sq km
land: 75,990 sq km water: 2,210 sq km |
Area - comparative | about 0.9 times the size of Washington, DC | slightly smaller than South Carolina |
Background | The Principality of Liechtenstein was established within the Holy Roman Empire in 1719; it became a sovereign state in 1806. Until the end of World War I, it was closely tied to Austria, but the economic devastation caused by that conflict forced Liechtenstein to enter into a customs and monetary union with Switzerland. Since World War II (in which Liechtenstein remained neutral), the country's low taxes have spurred outstanding economic growth. Shortcomings in banking regulatory oversight resulted in concerns about the use of financial institutions for money laundering. However, Liechtenstein implemented anti-money-laundering legislation over the past several years and a Mutual Legal Assistance Treaty with the US went into effect in 2003. | 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 transfered 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 | 10.02 births/1,000 population (2007 est.) | 21.74 births/1,000 population (2006 est.) |
Budget | revenues: $424.2 million
expenditures: $414.1 million (1998 est.) |
revenues: $3.426 billion
expenditures: $3.959 billion; including capital expenditures of $471 million (2005 est.) |
Capital | name: Vaduz
geographic coordinates: 47 08 N, 9 31 E time difference: UTC+1 (6 hours ahead of Washington, DC during Standard Time) daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October |
name: Panama
geographic coordinates: 8 58 N, 79 32 W time difference: UTC-5 (same time as Washington, DC during Standard Time) |
Climate | continental; cold, cloudy winters with frequent snow or rain; cool to moderately warm, cloudy, humid summers | tropical maritime; hot, humid, cloudy; prolonged rainy season (May to January), short dry season (January to May) |
Coastline | 0 km (doubly landlocked) | 2,490 km |
Constitution | 5 October 1921 | 11 October 1972; major reforms adopted 1978, 1983, 1994, and 2004 |
Country name | conventional long form: Principality of Liechtenstein
conventional short form: Liechtenstein local long form: Fuerstentum Liechtenstein local short form: Liechtenstein |
conventional long form: Republic of Panama
conventional short form: Panama local long form: Republica de Panama local short form: Panama |
Death rate | 7.3 deaths/1,000 population (2007 est.) | 5.36 deaths/1,000 population (2006 est.) |
Debt - external | $0 (2001) | $9.758 billion (2005 est.) |
Diplomatic representation from the US | the US does not have an embassy in Liechtenstein; the US Ambassador to Switzerland is accredited to Liechtenstein | 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 | chief of mission: Ambassador Claudia FRITSCHE
chancery: 888 17th Street NW, Suite 1250, Washington, DC 20006 telephone: [1] (202) 331-0590 FAX: [1] (202) 331-3221 |
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 border region with Panama |
Economic aid - recipient | - | $197.1 million (1995) |
Economy - overview | Despite its small size and limited natural resources, Liechtenstein has developed into a prosperous, highly industrialized, free-enterprise economy with a vital financial service sector and living standards on a par with its large European neighbors. The Liechtenstein economy is widely diversified with a large number of small businesses. Low business taxes - the maximum tax rate is 20% - and easy incorporation rules have induced many holding or so-called letter box companies to establish nominal offices in Liechtenstein, providing 30% of state revenues. The country participates in a customs union with Switzerland and uses the Swiss franc as its national currency. It imports more than 90% of its energy requirements. Liechtenstein has been a member of the European Economic Area (an organization serving as a bridge between the European Free Trade Association (EFTA) and the EU) since May 1995. The government is working to harmonize its economic policies with those of an integrated Europe. | Panama's dollarised 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 and 2005 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. |
Electricity - consumption | - | 4.87 billion kWh (2003) |
Electricity - exports | - | 175 million kWh (2003) |
Electricity - imports | - | 25 million kWh (2003) |
Electricity - production | - | 5.398 billion kWh (2003) |
Elevation extremes | lowest point: Ruggeller Riet 430 m
highest point: Vorder-Grauspitz 2,599 m |
lowest point: Pacific Ocean 0 m
highest point: Volcan de Chiriqui 3,475 m |
Environment - current issues | NA | 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: Air Pollution, Air Pollution-Nitrogen Oxides, Air Pollution-Persistent Organic Pollutants, Air Pollution-Sulfur 85, Air Pollution-Sulfur 94, Air Pollution-Volatile Organic Compounds, Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Hazardous Wastes, Ozone Layer Protection, Wetlands
signed, but not ratified: Law of the Sea |
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 | Alemannic 86%, Italian, Turkish, and other 14% | mestizo (mixed Amerindian and white) 70%, Amerindian and mixed (West Indian) 14%, white 10%, Amerindian 6% |
Exchange rates | Swiss francs per US dollar - 1.1973 (2007), 1.2539 (2006), 1.2452 (2005), 1.2435 (2004), 1.3467 (2003) | balboas per US dollar - 1 (2005), 1 (2004), 1 (2003), 1 (2002), 1 (2001) |
Executive branch | chief of state: Prince HANS ADAM II (since 13 November 1989, assumed executive powers 26 August 1984); Heir Apparent Prince ALOIS, son of the monarch (born 11 June 1968); note - on 15 August 2004, HANS ADAM transferred the official duties of the ruling prince to ALOIS, but HANS ADAM retains status of chief of state
head of government: Head of Government Otmar HASLER (since 5 April 2001); Deputy Head of Government Klaus TSCHUETSCHER (since 21 April 2005) cabinet: Cabinet elected by the Parliament, confirmed by the monarch elections: none; the monarch is hereditary; following legislative elections, the leader of the majority party in the Landtag is usually appointed the head of government by the monarch and the leader of the largest minority party in the Landtag is usually appointed the deputy head of government by the monarch if there is a coalition government |
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); 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 (eligible for two more terms); election last held 2 May 2004 (next to be held 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 | $2.47 billion (1996) | NA bbl/day |
Exports - commodities | small specialty machinery, connectors for audio and video, parts for motor vehicles, dental products, hardware, prepared foodstuffs, electronic equipment, optical products | bananas, shrimp, sugar, coffee, clothing |
Exports - partners | EU 62.6% (Germany 24.3%, Austria 9.5%, France 8.9%, Italy 6.6%, UK 4.6%), US 18.9%, Switzerland 15.7% (2006) | US 44.9%, Spain 8.9%, Sweden 5.6%, Netherlands 4.9%, Costa Rica 4% (2005) |
Fiscal year | calendar year | calendar year |
Flag description | two equal horizontal bands of blue (top) and red with a gold crown on the hoist side of the blue band | 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: 6%
industry: 39% services: 55% (2001) |
agriculture: 6.8%
industry: 15.6% services: 77.6% (2005 est.) |
GDP - real growth rate | 11% (1999 est.) | 6.4% (2005 est.) |
Geographic coordinates | 47 16 N, 9 32 E | 9 00 N, 80 00 W |
Geography - note | along with Uzbekistan, one of only two doubly landlocked countries in the world; variety of microclimatic variations based on elevation | 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 |
Household income or consumption by percentage share | lowest 10%: NA%
highest 10%: NA% |
lowest 10%: 1.2%
highest 10%: 35.7% (1997) |
Illicit drugs | has strengthened money laundering controls, but money laundering remains a concern due to Liechtenstein's sophisticated offshore financial services sector | 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 | $917.3 million (1996) | NA bbl/day; note - imports oil |
Imports - commodities | agricultural products, raw materials, energy products, machinery, metal goods, textiles, foodstuffs, motor vehicles | capital goods, foodstuffs, consumer goods, chemicals |
Imports - partners | EU, Switzerland (2006) | US 27.5%, Netherlands Antilles 11.4%, Costa Rica 4.7%, Japan 4.5% (2005) |
Independence | 23 January 1719 (Principality of Liechtenstein established); 12 July 1806 (independence from the Holy Roman Empire) | 3 November 1903 (from Colombia; became independent from Spain 28 November 1821) |
Industrial production growth rate | NA% | 1.7% (2005 est.) |
Industries | electronics, metal manufacturing, dental products, ceramics, pharmaceuticals, food products, precision instruments, tourism, optical instruments | construction, brewing, cement and other construction materials, sugar milling |
Infant mortality rate | total: 4.58 deaths/1,000 live births
male: 6.13 deaths/1,000 live births female: 3.02 deaths/1,000 live births (2007 est.) |
total: 16.37 deaths/1,000 live births
male: 17.75 deaths/1,000 live births female: 14.92 deaths/1,000 live births (2006 est.) |
Inflation rate (consumer prices) | 1% (2001) | 2.9% (2005 est.) |
International organization participation | CE, EBRD, EFTA, IAEA, ICCt, ICRM, IFRCS, Interpol, IOC, IPU, ITSO, ITU, OPCW, OSCE, PCA, UN, UNCTAD, UPU, WCL, WIPO, WTO | CAN (observer), CSN (observer), FAO, G-77, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICFTU, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO, ITU, LAES, LAIA (observer), MIGA, NAM, OAS, OPANAL, OPCW, PCA, RG, UN, UNCTAD, UNESCO, UNIDO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WToO, WTO |
Irrigated land | NA | 430 sq km (2003) |
Judicial branch | Supreme Court or Oberster Gerichtshof; Court of Appeal or Obergericht | 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 | 29,500 of whom 13,900 commute from Austria, Switzerland, and Germany to work each day (31 December 2001) | 1.39 million
note: shortage of skilled labor, but an oversupply of unskilled labor (2005 est.) |
Labor force - by occupation | agriculture: 2%
industry: 47% services: 51% (31 December 2001) |
agriculture: 20.8%
industry: 18% services: 61.2% (1995 est.) |
Land boundaries | total: 76 km
border countries: Austria 34.9 km, Switzerland 41.1 km |
total: 555 km
border countries: Colombia 225 km, Costa Rica 330 km |
Land use | arable land: 25%
permanent crops: 0% other: 75% (2005) |
arable land: 7.26%
permanent crops: 1.95% other: 90.79% (2005) |
Languages | German (official), Alemannic dialect | Spanish (official), English 14%; note - many Panamanians bilingual |
Legal system | local civil and penal codes based on civil law system; accepts compulsory ICJ jurisdiction with reservations | 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 Parliament or Landtag (25 seats; members are elected by popular vote under proportional representation to serve four-year terms)
elections: last held 11 and 13 March 2005 (next to be held by 2009) election results: percent of vote by party - FBP 48.7%, VU 38.2%, FL 13%; seats by party - FBP 12, VU 10, FL 3 |
unicameral National Assembly (formerly called Legislative 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 40, PA 17, PS 8, MOLIRENA 3, CD 2, PP 2, PLN 1, other 5 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: 79.81 years
male: 76.24 years female: 83.4 years (2007 est.) |
total population: 75.22 years
male: 72.68 years female: 77.87 years (2006 est.) |
Literacy | definition: age 10 and over can read and write
total population: 100% male: 100% female: 100% |
definition: age 15 and over can read and write
total population: 92.6% male: 93.2% female: 91.9% (2003 est.) |
Location | Central Europe, between Austria and Switzerland | Central America, bordering both the Caribbean Sea and the North Pacific Ocean, between Colombia and Costa Rica |
Map references | Europe | Central America and the Caribbean |
Maritime claims | none (landlocked) | territorial sea: 12 nm
contiguous zone: 24 nm exclusive economic zone: 200 nm |
Merchant marine | - | total: 5,473 ships (1000 GRT or over) 146,511,342 GRT/219,940,567 DWT
by type: barge carrier 1, bulk carrier 1,776, cargo 992, chemical tanker 476, combination ore/oil 2, container 663, liquefied gas 193, livestock carrier 7, passenger 49, passenger/cargo 77, petroleum tanker 518, refrigerated cargo 299, roll on/roll off 123, specialized tanker 23, vehicle carrier 274 foreign-owned: 4,922 (Anguilla 1, Argentina 9, Australia 3, Bahamas, The 2, Belgium 11, Bermuda 1, Bulgaria 1, Canada 4, Chile 9, China 420, Colombia 5, Croatia 5, Cuba 11, Cyprus 14, Denmark 34, Egypt 16, Estonia 3, France 15, Gabon 1, Germany 35, Greece 524, Hong Kong 169, India 19, Indonesia 50, Iran 4, Ireland 2, Israel 6, Italy 15, Japan 2007, Jordan 13, South Korea ( ( (291, Kuwait 2, Latvia 3, Lebanon 2, Lithuania 5, Malaysia 13, Maldives 1, Malta 3, Mexico 5, Monaco 9, Morocco 1, Netherlands 21, Nigeria 7, Norway 66, Pakistan 3, Peru 15, Philippines 13, Poland 15, Portugal 10, Qatar 1, Romania 9, Russia 7, Saudi Arabia 8, Singapore 67, South Africa 3, Spain 53, Sri Lanka 5, Sudan 1, Sweden 5, Switzerland 226, Syria 18, Taiwan 308, Thailand 9, Trinidad and Tobago 1, Turkey 42, UAE 105, UK 37, Ukraine 8, US 94, Venezuela 14, Vietnam 4, Yemen 3) registered in other countries: 1 (Venezuela 1) (2006) |
Military - note | defense is the responsibility of Switzerland | 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 | - | 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 | - | $150 million (2005 est.) |
Military expenditures - percent of GDP | - | 1% (2005 est.) |
National holiday | Assumption Day, 15 August | Independence Day, 3 November (1903) |
Nationality | noun: Liechtensteiner(s)
adjective: Liechtenstein |
noun: Panamanian(s)
adjective: Panamanian |
Natural hazards | NA | occasional severe storms and forest fires in the Darien area |
Natural resources | hydroelectric potential, arable land | copper, mahogany forests, shrimp, hydropower |
Net migration rate | 4.73 migrant(s)/1,000 population (2007 est.) | -0.4 migrant(s)/1,000 population (2006 est.) |
Pipelines | gas 20 km (2007) | - |
Political parties and leaders | Patriotic Union or VU [Adolf HEEB] (was Fatherland Union); Progressive Citizens' Party or FBP [Marcus VOGT]; The Free List or FL [Claudia HEEB-FLECK and Egon MATT] | Democratic Change or CD [Ricardo MARTINELLI]; Democratic Revolutionary Party or PRD [Hugo GUIRAUD]; National Liberal Party or PLN [Anibal GALINDO]; Nationalist Republican Liberal Movement or MOLIRENA [Jesus ROSAS]; Panamenista Party or PA (formerly the Arnulfista Party) [Marco AMEGLIO]; Popular Party or PP (formerly Christian Democratic Party or PDC) [Ricardo ARIAS Calderon]; Solidarity Party or PS [Jose Raul MULINO] |
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 | 34,247 (July 2007 est.) | 3,191,319 (July 2006 est.) |
Population below poverty line | NA% | 37% (1999 est.) |
Population growth rate | 0.745% (2007 est.) | 1.6% (2006 est.) |
Radio broadcast stations | AM 0, FM 4, shortwave 0 (1998) | AM 101, FM 134, shortwave 0 (1998) |
Railways | 9 km 1.435-m gauge (electrified)
note: belongs to the Austrian Railway System connecting Austria and Switzerland (2006) |
total: 355 km
standard gauge: 77 km 1.435-m gauge narrow gauge: 278 km 0.914-m gauge (2005) |
Religions | Roman Catholic 76.2%, Protestant 7%, unknown 10.6%, other 6.2% (June 2002) | Roman Catholic 85%, Protestant 15% |
Sex ratio | at birth: 1.01 male(s)/female
under 15 years: 0.979 male(s)/female 15-64 years: 0.982 male(s)/female 65 years and over: 0.735 male(s)/female total population: 0.946 male(s)/female (2007 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: 0.88 male(s)/female total population: 1.02 male(s)/female (2006 est.) |
Suffrage | 18 years of age; universal | 18 years of age; universal and compulsory |
Telephone system | general assessment: automatic telephone system
domestic: NA international: country code - 423; linked to Swiss networks by cable and microwave radio relay |
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 | 20,000 (2005) | 440,100 (2005) |
Telephones - mobile cellular | 27,500 (2005) | 1.352 million (2005) |
Television broadcast stations | NA (linked to Swiss networks) (1997) | 38 (including repeaters) (1998) |
Terrain | mostly mountainous (Alps) with Rhine Valley in western third | interior mostly steep, rugged mountains and dissected, upland plains; coastal areas largely plains and rolling hills |
Total fertility rate | 1.51 children born/woman (2007 est.) | 2.68 children born/woman (2006 est.) |
Unemployment rate | 1.3% (September 2002) | 9.8% (2005 est.) |
Waterways | 28 km (2006) | 800 km (includes 82 km Panama Canal) (2005) |