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Compare Monaco (2003) - Panama (2008)

Compare Monaco (2003) z Panama (2008)

 Monaco (2003)Panama (2008)
 MonacoPanama
Administrative divisions none; there are no first-order administrative divisions as defined by the US Government, but there are four quarters (quartiers, singular - quartier); Fontvieille, La Condamine, Monaco-Ville, Monte-Carlo 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: 15.5% (male 2,551; female 2,445)


15-64 years: 62.1% (male 9,814; female 10,130)


65 years and over: 22.4% (male 2,937; female 4,253) (2003 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 none bananas, rice, corn, coffee, sugarcane, vegetables; livestock; shrimp
Airports none; linked to airport in Nice, France, by helicopter service (2002) 116 (2007)
Airports - with paved runways - 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: 62


1,524 to 2,437 m: 1


914 to 1,523 m: 11


under 914 m: 50 (2007)
Area total: 1.95 sq km


land: 1.95 sq km


water: 0 sq km
total: 78,200 sq km


land: 75,990 sq km


water: 2,210 sq km
Area - comparative about three times the size of The Mall in Washington, DC slightly smaller than South Carolina
Background Economic development was spurred in the late 19th century with a railroad linkup to France and the opening of a casino. Since then, the principality's mild climate, splendid scenery, and gambling facilities have made Monaco world famous as a tourist and recreation center. 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 9.46 births/1,000 population (2003 est.) 21.45 births/1,000 population (2007 est.)
Budget revenues: $518 million


expenditures: $531 million, including capital expenditures of $NA (1995)
revenues: $5.206 billion


expenditures: $5.089 billion (2007 est.)
Capital Monaco name: Panama


geographic coordinates: 8 58 N, 79 32 W


time difference: UTC-5 (same time as Washington, DC during Standard Time)
Climate Mediterranean with mild, wet winters and hot, dry summers tropical maritime; hot, humid, cloudy; prolonged rainy season (May to January), short dry season (January to May)
Coastline 4.1 km 2,490 km
Constitution 17 December 1962 11 October 1972; major reforms adopted 1978, 1983, 1994, and 2004
Country name conventional long form: Principality of Monaco


conventional short form: Monaco


local long form: Principaute de Monaco


local short form: Monaco
conventional long form: Republic of Panama


conventional short form: Panama


local long form: Republica de Panama


local short form: Panama
Currency euro (EUR) -
Death rate 12.82 deaths/1,000 population (2003 est.) 5.44 deaths/1,000 population (2007 est.)
Debt - external $NA $10.56 billion (31 December 2007 est.)
Diplomatic representation from the US the US does not have an embassy in Monaco; the US Consul General in Marseille (France) is accredited to Monaco chief of mission: Ambassador William A. EATON


embassy: Edificio 783, Avenida Demetrio Basilio Lakas Panama, 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 Monaco does not have an embassy in the US


consulate(s) general: New York
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 $NA $19.54 million (2005)
Economy - overview Monaco, situated on the French Mediterranean coast, is a popular resort, attracting tourists to its casino and pleasant climate. In 2001, a major new construction project will extend the pier used by cruise ships in the main harbor. The principality has successfully sought to diversify into services and small, high-value-added, nonpolluting industries. The state has no income tax and low business taxes and thrives as a tax haven both for individuals who have established residence and for foreign companies that have set up businesses and offices. The state retains monopolies in a number of sectors, including tobacco, the telephone network, and the postal service. Living standards are high, roughly comparable to those in prosperous French metropolitan areas. Monaco does not publish national income figures; the estimates below are extremely rough. 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. Economic growth will be bolstered by the Panama Canal expansion project that began in 2007 and should be completed by 2014 at a cost of $5.3 billion (about 30% of current GDP). The expansion project will more than double the Canal's capacity, enabling it to accommodate ships that are now too large to transverse the transoceanic crossway and should help to reduce the high unemployment rate. The government has implemented tax reforms, as well as social security reforms, and backs regional trade agreements and development of tourism. 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 NA kWh 4.735 billion kWh (2005)
Electricity - exports - 51 million kWh (2005)
Electricity - imports NA kWh


note: electricity supplied by France
55 million kWh (2005)
Electricity - production - 5.661 billion kWh (2005)
Elevation extremes lowest point: Mediterranean Sea 0 m


highest point: Mont Agel 140 m
lowest point: Pacific Ocean 0 m


highest point: Volcan Baru 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-Volatile Organic Compounds, Biodiversity, Climate Change, Desertification, Endangered Species, Hazardous Wastes, Law of the Sea, Marine Dumping, Ozone Layer Protection, Ship Pollution, Wetlands, Whaling


signed, but not ratified: Climate Change-Kyoto Protocol
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 French 47%, Monegasque 16%, Italian 16%, other 21% mestizo (mixed Amerindian and white) 70%, Amerindian and mixed (West Indian) 14%, white 10%, Amerindian 6%
Exchange rates euros per US dollar - 1.06 1.0626 (2002), 1.1175 (2001), 1.0854 (2000), 0.9386 (1999); French francs per US dollar - 5.8995 (1998) balboas per US dollar - 1 (2007), 1 (2006), 1 (2005), 1 (2004), 1 (2003)
Executive branch chief of state: Prince RAINIER III (since 9 May 1949); Heir Apparent Prince ALBERT Alexandre Louis Pierre, son of the monarch (born 14 March 1958)


head of government: Minister of State Patrick LECLERCQ (since 5 January 2000)


cabinet: Council of Government is under the authority of the monarch


elections: none; the monarchy is hereditary; minister of state appointed by the monarch from a list of three French national candidates presented by the French 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)


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; full customs integration with France, which collects and rebates Monegasque trade duties; also participates in EU market system through customs union with France 4,140 bbl/day (2004)
Exports - commodities - bananas, shrimp, sugar, coffee, clothing
Exports - partners - US 39.8%, Spain 8.1%, Netherlands 6.7%, Sweden 5.6%, Costa Rica 4.5% (2006)
Fiscal year calendar year calendar year
Flag description two equal horizontal bands of red (top) and white; similar to the flag of Indonesia which is longer and the flag of Poland which is white (top) and red 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 - $870 million (1999 est.) -
GDP - composition by sector agriculture: NA%


industry: NA%


services: NA%
agriculture: 6.8%


industry: 16.2%


services: 77% (2007 est.)
GDP - per capita purchasing power parity - $27,000 (1999 est.) -
GDP - real growth rate NA% 7.8% (2007 est.)
Geographic coordinates 43 44 N, 7 24 E 9 00 N, 80 00 W
Geography - note second-smallest independent state in the world (after Holy See); almost entirely urban 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 1 (shuttle service between the international airport at Nice, France, and Monaco's heliport at Fontvieille) (2002) 2 (2007)
Highways total: 50 km


paved: 50 km


unpaved: 0 km (1999 est.)
-
Household income or consumption by percentage share lowest 10%: NA%


highest 10%: NA%
lowest 10%: 0.7%


highest 10%: 43% (2003)
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; full customs integration with France, which collects and rebates Monegasque trade duties; also participates in EU market system through customs union with France 92,170 bbl/day (2004)
Imports - commodities - capital goods, foodstuffs, consumer goods, chemicals
Imports - partners - US 27%, Netherlands Antilles 10.1%, Costa Rica 5.1%, Japan 4.7% (2006)
Independence 1419 (beginning of the rule by the House of Grimaldi) 3 November 1903 (from Colombia; became independent from Spain 28 November 1821)
Industrial production growth rate NA% 7.8% (2007 est.)
Industries tourism, construction, small-scale industrial and consumer products construction, brewing, cement and other construction materials, sugar milling
Infant mortality rate total: 5.63 deaths/1,000 live births


male: 6.52 deaths/1,000 live births


female: 4.69 deaths/1,000 live births (2003 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) NA% 5.1% (2007 est.)
International organization participation ACCT, ECE, FAO, IAEA, ICAO, ICC, ICCt (signatory), ICRM, IFRCS, IHO, IMO, Interpol, IOC, ITU, OPCW, OSCE, UN, UNCTAD, UNESCO, UNITAR, UPU, WHO, WIPO, WMO, WToO BCIE, 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, UN Security Council (temporary), UNCTAD, UNESCO, UNIDO, Union Latina, UNWTO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WTO
Internet Service Providers (ISPs) 2 (2000) -
Irrigated land NA sq km 430 sq km (2003)
Judicial branch Supreme Court or Tribunal Supreme (judges appointed by the monarch on the basis of nominations by the National Council) 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 30,540 (January 1994) 1.471 million


note: shortage of skilled labor, but an oversupply of unskilled labor (2007 est.)
Labor force - by occupation - agriculture: 15%


industry: 18%


services: 67% (2006 est.)
Land boundaries total: 4.4 km


border countries: France 4.4 km
total: 555 km


border countries: Colombia 225 km, Costa Rica 330 km
Land use arable land: 0%


permanent crops: 0%


other: 100% (urban area) (1998 est.)
arable land: 7.26%


permanent crops: 1.95%


other: 90.79% (2005)
Languages French (official), English, Italian, Monegasque Spanish (official), English 14%; note - many Panamanians bilingual
Legal system based on French law; has not accepted compulsory ICJ jurisdiction 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 National Council or Conseil National (24 seats; 16 members elected by list majority system, 8 by proportional representation; to serve five-year terms)


elections: last held 9 February 2003 (next to be held NA February 2008)


election results: percent of vote by party - NA%; seats by party - UNAM 21, UND 3
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: 79.27 years


male: 75.37 years


female: 83.37 years (2003 est.)
total population: 75.19 years


male: 72.69 years


female: 77.8 years (2007 est.)
Literacy definition: NA


total population: 99%


male: NA%


female: NA%
definition: age 15 and over can read and write


total population: 91.9%


male: 92.5%


female: 91.2% (2000 census)
Location Western Europe, bordering the Mediterranean Sea on the southern coast of France, near the border with Italy 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 territorial sea: 12 NM territorial sea: 12 nm


contiguous zone: 24 nm


exclusive economic zone: 200 nm or edge of continental margin
Merchant marine none (2002 est.) 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 France 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 - percent of GDP - 1% (2006)
National holiday National Day (Prince of Monaco Holiday), 19 November Independence Day, 3 November (1903)
Nationality noun: Monegasque(s) or Monacan(s)


adjective: Monegasque or Monacan
noun: Panamanian(s)


adjective: Panamanian
Natural hazards NA occasional severe storms and forest fires in the Darien area
Natural resources none copper, mahogany forests, shrimp, hydropower
Net migration rate 7.78 migrant(s)/1,000 population (2003 est.) -0.37 migrant(s)/1,000 population (2007 est.)
Political parties and leaders National and Democratic Union or UND [Jean-Louis CAMPORA]; Union for Monaco or UPM (including National Union for the Future of Monaco or UNAM [leader NA] Democratic Change or CD [Ricardo MARTINELLI]; Democratic Revolutionary Party or PRD [Hugo GUIRAUD]; Nationalist Republican Liberal Movement or MOLIRENA [Gisela CHUNG]; Panamenista Party or PA [Juan Carlos VARELA] (formerly the Arnulfista Party); Patriotic Union Party or PU (combination of the Liberal National Party or PLN and the Solidarity Party or PS)[Jose Raul MULINO and Anibal GALINDO]; Popular Party or PP [Rene ORILLAC] (formerly Christian Democratic Party or PDC)
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 32,130 (July 2003 est.) 3,242,173 (July 2007 est.)
Population below poverty line NA% 37% (1999 est.)
Population growth rate 0.44% (2003 est.) 1.564% (2007 est.)
Ports and harbors Monaco -
Radio broadcast stations AM 1, FM NA, shortwave 8 (1998) AM 101, FM 134, shortwave 0 (1998)
Railways total: 1.7 km


standard gauge: 1.7 km 1.435-m gauge (2002)
total: 355 km


standard gauge: 77 km 1.435-m gauge


narrow gauge: 278 km 0.914-m gauge (2006)
Religions Roman Catholic 90% Roman Catholic 85%, Protestant 15%
Sex ratio at birth: 1.05 male(s)/female


under 15 years: 1.04 male(s)/female


15-64 years: 0.97 male(s)/female


65 years and over: 0.69 male(s)/female


total population: 0.91 male(s)/female (2003 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 21 years of age; universal 18 years of age; universal and compulsory
Telephone system general assessment: modern automatic telephone system


domestic: NA


international: no satellite earth stations; connected by cable into the French communications system
general assessment: domestic and international facilities well developed


domestic: combined fixed-line and mobile-cellular telephone density is approaching 70 telephones per 100 persons


international: country code - 507; landing point for the Americas Region Caribbean Ring System (ARCOS-1), the MAYA-1, and PAN-AM submarine cable systems that together provide links to the US, and parts of the Caribbean, Central America, and South America; satellite earth stations - 2 Intelsat (Atlantic Ocean); connected to the Central American Microwave System
Telephones - main lines in use 31,027 (1995) 432,900 (2006)
Telephones - mobile cellular NA 1.694 million (2005)
Television broadcast stations 5 (1998) 38 (including repeaters) (1998)
Terrain hilly, rugged, rocky interior mostly steep, rugged mountains and dissected, upland plains; coastal areas largely plains and rolling hills
Total fertility rate 1.76 children born/woman (2003 est.) 2.66 children born/woman (2007 est.)
Unemployment rate 3.1% (1998) 7.2% (2007 est.)
Waterways none 800 km (includes 82 km Panama Canal) (2007)
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