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Compare Monaco (2005) - Panama (2006)
Compare Monaco (2005) z Panama (2006)
| Monaco (2005) | Panama (2006) | |
 |  | |
| 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 2,563/female 2,445)
15-64 years: 62.1% (male 9,909/female 10,217) 65 years and over: 22.4% (male 2,972/female 4,303) (2005 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 | none | bananas, rice, corn, coffee, sugarcane, vegetables; livestock; shrimp |
| Airports | none; linked to the airport at Nice, France by helicopter service (2004 est.) | 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: 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 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 | 9.26 births/1,000 population (2005 est.) | 21.74 births/1,000 population (2006 est.) |
| Budget | revenues: $518 million
expenditures: $531 million, including capital expenditures of NA (1995) |
revenues: $3.426 billion
expenditures: $3.959 billion; including capital expenditures of $471 million (2005 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 |
| Death rate | 12.71 deaths/1,000 population (2005 est.) | 5.36 deaths/1,000 population (2006 est.) |
| Debt - external | $18 billion (2000 est.) | $9.758 billion (2005 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: 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 | 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 border region with Panama |
| Economic aid - recipient | NA | $197.1 million (1995) |
| Economy - overview | Monaco, bordering France on the Mediterranean coast, is a popular resort, attracting tourists to its casino and pleasant climate. In 2001, a major construction project extended 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 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 | NA kWh | 4.87 billion kWh (2003) |
| Electricity - exports | - | 175 million kWh (2003) |
| Electricity - imports | NA kWh
note: electricity supplied by France |
25 million kWh (2003) |
| Electricity - production | - | 5.398 billion kWh (2003) |
| Elevation extremes | lowest point: Mediterranean Sea 0 m
highest point: Mont Agel 140 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-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 - 0.8054 (2004), 0.886 (2003), 1.0626 (2002), 1.1175 (2001), 1.0854 (2000) | balboas per US dollar - 1 (2005), 1 (2004), 1 (2003), 1 (2002), 1 (2001) |
| Executive branch | chief of state: Prince ALBERT II (since 6 April 2005)
head of government: Minister of State Jean-Paul PROUST (since 1 June 2005) 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); 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 | $NA; full customs integration with France, which collects and rebates Monegasque trade duties; also participates in EU market system through customs union with France | NA bbl/day |
| Exports - commodities | - | bananas, shrimp, sugar, coffee, clothing |
| Exports - partners | - | 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 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 - composition by sector | agriculture: 17%
industry: NA% services: NA% (2001 est.) |
agriculture: 6.8%
industry: 15.6% services: 77.6% (2005 est.) |
| GDP - per capita | purchasing power parity - $27,000 (2000 est.) | - |
| GDP - real growth rate | 0.9% (2000 est.) | 6.4% (2005 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) (2004 est.) | - |
| 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%: 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; full customs integration with France, which collects and rebates Monegasque trade duties; also participates in EU market system through customs union with France | NA bbl/day; note - imports oil |
| Imports - commodities | - | capital goods, foodstuffs, consumer goods, chemicals |
| Imports - partners | - | US 27.5%, Netherlands Antilles 11.4%, Costa Rica 4.7%, Japan 4.5% (2005) |
| 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% | 1.7% (2005 est.) |
| Industries | tourism, construction, small-scale industrial and consumer products | construction, brewing, cement and other construction materials, sugar milling |
| Infant mortality rate | total: 5.43 deaths/1,000 live births
male: 6.29 deaths/1,000 live births female: 4.53 deaths/1,000 live births (2005 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) | 1.9% (2000) | 2.9% (2005 est.) |
| International organization participation | ACCT, CE, FAO, IAEA, ICAO, ICC, ICCt (signatory), ICRM, IFRCS, IHO, IMO, Interpol, IOC, ITU, OPCW, OSCE, UN, UNCTAD, UNESCO, UNIDO, UNITAR, UPU, WHO, WIPO, WMO, WToO | 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 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) | 1.39 million
note: shortage of skilled labor, but an oversupply of unskilled labor (2005 est.) |
| Labor force - by occupation | - | agriculture: 20.8%
industry: 18% services: 61.2% (1995 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) (2001) |
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 February 2008) election results: percent of vote by party - NA%; seats by party - UNAM 21, UND 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: 79.57 years
male: 75.7 years female: 83.63 years (2005 est.) |
total population: 75.22 years
male: 72.68 years female: 77.87 years (2006 est.) |
| Literacy | definition: NA
total population: 99% male: NA% female: NA% |
definition: age 15 and over can read and write
total population: 92.6% male: 93.2% female: 91.9% (2003 est.) |
| 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 |
| Merchant marine | registered in other countries: 54 (2005) | 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 France; the Palace Guard performs ceremonial duties (2003) | 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 | 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 | 7.71 migrant(s)/1,000 population (2005 est.) | -0.4 migrant(s)/1,000 population (2006 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]; 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 | 32,409 (July 2005 est.) | 3,191,319 (July 2006 est.) |
| Population below poverty line | NA% | 37% (1999 est.) |
| Population growth rate | 0.43% (2005 est.) | 1.6% (2006 est.) |
| Ports and harbors | Monaco | - |
| Radio broadcast stations | AM 1, FM NA, shortwave 8 (1998) | 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 (2005) |
| Religions | Roman Catholic 90% | Roman Catholic 85%, Protestant 15% |
| Sex ratio | at birth: 1.05 male(s)/female
under 15 years: 1.05 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 (2005 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 | 21 years of age; universal | 18 years of age; universal and compulsory |
| Telephone system | general assessment: modern automatic telephone system
domestic: NA international: country code - 377; no satellite earth stations; connected by cable into the French communications system |
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 | 33,700 (2002) | 440,100 (2005) |
| Telephones - mobile cellular | 19,300 (2002) | 1.352 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 (2005 est.) | 2.68 children born/woman (2006 est.) |
| Unemployment rate | 22% (1999) | 9.8% (2005 est.) |
| Waterways | - | 800 km (includes 82 km Panama Canal) (2005) |
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