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Compare Panama (2003) - Bermuda (2004)

Compare Panama (2003) z Bermuda (2004)

 Panama (2003)Bermuda (2004)
 PanamaBermuda
Administrative divisions 9 provinces (provincias, singular - provincia) and 1 territory* (comarca); Bocas del Toro, Chiriqui, Cocle, Colon, Darien, Herrera, Los Santos, Panama, San Blas*, and Veraguas 9 parishes and 2 municipalities*; Devonshire, Hamilton, Hamilton*, Paget, Pembroke, Saint George*, Saint George's, Sandys, Smith's, Southampton, Warwick
Age structure 0-14 years: 30.6% (male 461,670; female 443,671)


15-64 years: 63.3% (male 950,089; female 924,038)


65 years and over: 6.1% (male 86,006; female 95,310) (2003 est.)
0-14 years: 19.1% (male 6,192; female 6,186)


15-64 years: 69.3% (male 22,268; female 22,703)


65 years and over: 11.7% (male 3,295; female 4,291) (2004 est.)
Agriculture - products bananas, rice, corn, coffee, sugarcane, vegetables; livestock; shrimp bananas, vegetables, citrus, flowers; dairy products
Airports 103 (2002) 1 (2003 est.)
Airports - with paved runways total: 41


over 3,047 m: 1


2,438 to 3,047 m: 1


1,524 to 2,437 m: 5


914 to 1,523 m: 13


under 914 m: 21 (2002)
total: 1


2,438 to 3,047 m: 1 (2004 est.)
Airports - with unpaved runways total: 62


914 to 1,523 m: 12


under 914 m: 50 (2002)
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Area total: 78,200 sq km


land: 75,990 sq km


water: 2,210 sq km
total: 53.3 sq km


land: 53.3 sq km


water: 0 sq km
Area - comparative slightly smaller than South Carolina about one-third the size of Washington, DC
Background With US backing, Panama seceded from Colombia in 1903 and promptly signed a treaty with the US allowing for the construction of a canal and US sovereignty over a strip of land on either side of the structure (the Panama Canal Zone). The Panama Canal was built by the US Army Corps of Engineers between 1904 and 1914. On 7 September 1977, an agreement was signed for the complete transfer of the Canal from the US to Panama by the end of 1999. Certain portions of the Zone and increasing responsibility over the Canal were turned over in the intervening years. With US help, dictator Manuel NORIEGA was deposed in 1989. The entire Panama Canal, the area supporting the Canal, and remaining US military bases were turned over to Panama by or on 31 December 1999. Bermuda was first settled in 1609 by shipwrecked English colonists headed for Virginia. Tourism to the island to escape North American winters first developed in Victorian times. Tourism continues to be important to the island's economy, although international business has overtaken it in recent years. Bermuda has developed into a highly successful offshore financial center. A referendum on independence was soundly defeated in 1995.
Birth rate 20.78 births/1,000 population (2003 est.) 11.83 births/1,000 population (2004 est.)
Budget revenues: $1.9 billion


expenditures: $2 billion, including capital expenditures of $471 million (2000 est.)
revenues: $671.1 million


expenditures: $594.6 million, including capital expenditures of $55 million (FY03/04)
Capital Panama Hamilton
Climate tropical maritime; hot, humid, cloudy; prolonged rainy season (May to January), short dry season (January to May) subtropical; mild, humid; gales, strong winds common in winter
Coastline 2,490 km 103 km
Constitution 11 October 1972; major reforms adopted 1978, 1983 and 1994 8 June 1968, amended 1989 and 2003
Country name conventional long form: Republic of Panama


conventional short form: Panama


local long form: Republica de Panama


local short form: Panama
conventional long form: none


conventional short form: Bermuda


former: Somers Islands
Currency balboa (PAB); US dollar (USD) Bermudian dollar (BMD)
Death rate 6.25 deaths/1,000 population (2003 est.) 7.55 deaths/1,000 population (2004 est.)
Debt - external $7 billion (2002 est.) $160 million (FY99/00)
Dependency status - overseas territory of the UK
Diplomatic representation from the US chief of mission: Ambassador Linda Ellen WATT


embassy: Avenida Balboa and Calle 37, Apartado Postal 0816-02561, Zona 5, Panama City 5


mailing address: American Embassy Panama, Unit 0945, APO AA 34002


telephone: [507] 207-7000


FAX: [507] 227-1964
chief of mission: Deputy Chief of Mission Antoinette BOECKER


consulate(s) general: Crown Hill, 16 Middle Road, Devonshire DVO3


mailing address: P. O. Box HM325, Hamilton HMBX; American Consulate General Hamilton, Department of State, 5300 Hamilton Place, Washington, DC 20520-5300


telephone: [1] (441) 295-1342


FAX: [1] (441) 295-1592, [1] (441) 296-9233
Diplomatic representation in the US chief of mission: Ambassador Roberto ALFARO Estripeaut


chancery: 2862 McGill Terrace NW, Washington, DC 20008


telephone: [1] (202) 483-1407


FAX: [1] (202) 483-8416


consulate(s) general: Atlanta, Houston, Miami, New Orleans, New York, Philadelphia, San Francisco, San Juan (Puerto Rico), Tampa
none (overseas territory of the UK)
Disputes - international none none
Economic aid - recipient $197.1 million (1995) NA
Economy - overview Panama's economy is based primarily on a well-developed services sector that accounts for three-fourths of GDP. Services include operating the Panama Canal, banking, the Colon Free Zone, insurance, container ports, flagship registry, and tourism. A slump in Colon Free Zone and agricultural exports, the global slowdown, and the withdrawal of US military forces held back economic growth in 2000-02. The government has been backing public works programs, tax reforms, new regional trade agreements, and development of tourism in order to stimulate growth. Bermuda enjoys one of the highest per capita incomes in the world, equal to that of the US. Its economy is primarily based on providing financial services for international business and luxury facilities for tourists. The effects of 11 September 2001 have had both positive and negative ramifications for Bermuda. On the positive side, a number of new reinsurance companies have located on the island, contributing to the expansion of an already robust international business sector. On the negative side, Bermuda's tourism industry - which derives over 80% of its visitors from the US - was severely hit as American tourists chose not to travel. Tourism rebounded somewhat in 2002-03. Most capital equipment and food must be imported. Bermuda's industrial sector is small, although construction continues to be important; the average cost of a house in June 2003 had risen to $976,000. Agriculture is limited, only 6% of the land being arable.
Electricity - consumption 3.681 billion kWh (2001) 598.6 million kWh (2001)
Electricity - exports 118 million kWh (2001) 0 kWh (2001)
Electricity - imports 43 million kWh (2001) 0 kWh (2001)
Electricity - production 4.039 billion kWh (2001) 643.7 million kWh (2001)
Electricity - production by source fossil fuel: 37%


hydro: 61.3%


nuclear: 0%


other: 1.7% (2001)
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Elevation extremes lowest point: Pacific Ocean 0 m


highest point: Volcan de Chiriqui 3,475 m
lowest point: Atlantic Ocean 0 m


highest point: Town Hill 76 m
Environment - current issues 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 asbestos disposal; water pollution; preservation of open space; sustainable development
Environment - international agreements party to: Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Hazardous Wastes, Law of the Sea, Marine Dumping, Nuclear Test Ban, Ozone Layer Protection, Ship Pollution, Tropical Timber 83, Tropical Timber 94, Wetlands, Whaling


signed, but not ratified: Marine Life Conservation
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Ethnic groups mestizo (mixed Amerindian and white) 70%, Amerindian and mixed (West Indian) 14%, white 10%, Amerindian 6% black 58%, white 36%, other 6%
Exchange rates balboas per US dollar - 1 (2002), 1 (2001), 1 (2000), 1 (1999), 1 (1998) Bermudian dollar per US dollar - 1.0000 (fixed rate pegged to the US dollar)
Executive branch chief of state: President Mireya Elisa MOSCOSO Rodriguez (since 1 September 1999); First Vice President Arturo Ulises VALLARINO (since 1 September 1999); Second Vice President Dominador "Kaiser" Baldonero BAZAN Jimenez (since 1 September 1999); note - the president is both the chief of state and head of government


head of government: President Mireya Elisa MOSCOSO Rodriguez (since 1 September 1999); First Vice President Arturo Ulises VALLARINO (since 1 September 1999); Second Vice President Dominador "Kaiser" Baldonero BAZAN Jimenez (since 1 September 1999); note - the president is both the chief of state and head of government


cabinet: Cabinet appointed by the president


elections: president and vice presidents elected on the same ticket by popular vote for five-year terms; election last held 2 May 1999 (next to be held NA May 2004)


election results: Mireya Elisa MOSCOSO Rodriguez elected president; percent of vote - Mireya Elisa MOSCOSO Rodriguez (PA) 44%, Martin TORRIJOS (PRD) 37%


note: government coalition - PA, MOLIRENA, Democratic Change, MORENA, PLN, PS
chief of state: Queen ELIZABETH II (since 6 February 1952), represented by Governor Sir John VEREKER (since NA April 2002)


head of government: Premier Alex SCOTT (since 24 July 2003); Deputy Premier Ewart BROWN


cabinet: Cabinet nominated by the premier, appointed by the governor


elections: none; the monarch is hereditary; governor appointed by the monarch; following legislative elections, the leader of the majority party or the leader of the majority coalition is usually appointed premier by the governor
Exports NA (2001) NA (2001)
Exports - commodities bananas, shrimp, sugar, coffee, clothing (1999) reexports of pharmaceuticals
Exports - partners US 47.8%, Sweden 5.8%, Costa Rica 4.8%, Honduras 4.4% (2002) France 62%, Norway 13.8%, UK 7.5% (2003)
Fiscal year calendar year 1 April - 31 March
Flag description 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 red, with the flag of the UK in the upper hoist-side quadrant and the Bermudian coat of arms (white and green shield with a red lion holding a scrolled shield showing the sinking of the ship Sea Venture off Bermuda in 1609) centered on the outer half of the flag
GDP purchasing power parity - $18.06 billion (2002 est.) purchasing power parity - $2.33 billion (2003 est.)
GDP - composition by sector agriculture: 7%


industry: 17%


services: 76% (2001 est.)
agriculture: 1%


industry: 10%


services: 89% (2002 est.)
GDP - per capita purchasing power parity - $6,200 (2002 est.) purchasing power parity - $36,000 (2003 est.)
GDP - real growth rate 0.7% (2002 est.) 2% (2003 est.)
Geographic coordinates 9 00 N, 80 00 W 32 20 N, 64 45 W
Geography - note 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 consists of about 138 coral islands and islets with ample rainfall, but no rivers or freshwater lakes; some land was leased by US Government from 1941 to 1995
Highways total: 11,400 km


paved: 3,944 km (including 30 km of expressways)


unpaved: 7,456 km (1999)
total: 450 km


paved: 450 km


unpaved: 0 km


note: public roads - 209 km; private roads - 241 km (2002)
Household income or consumption by percentage share lowest 10%: 1.2%


highest 10%: 35.7% (1997)
lowest 10%: NA


highest 10%: NA
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 (2001) NA (2001)
Imports - commodities capital goods, crude oil, foodstuffs, consumer goods, chemicals (1999) machinery and transport equipment, construction materials, chemicals, food and live animals
Imports - partners US 34.3%, Colombia 5.9%, Japan 5.4%, Costa Rica 4.2%, Venezuela 4.2% (2002) Kazakhstan 46.7%, France 32.5%, US 8.5% (2003)
Independence 3 November 1903 (from Colombia; became independent from Spain 28 November 1821) none (overseas territory of the UK)
Industrial production growth rate 0.5% (2002 est.) NA
Industries construction, petroleum refining, brewing, cement and other construction materials, sugar milling tourism, international business, light manufacturing
Infant mortality rate total: 21.44 deaths/1,000 live births


male: 23.59 deaths/1,000 live births


female: 19.19 deaths/1,000 live births (2003 est.)
total: 8.79 deaths/1,000 live births


male: 10.45 deaths/1,000 live births


female: 7.1 deaths/1,000 live births (2004 est.)
Inflation rate (consumer prices) 1.1% (2001 est.) 3.3% (mid-2003 est.)
International organization participation ECLAC, FAO, G-77, IADB, IAEA, IBRD, ICAO, ICCt, ICFTU, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, ISO (correspondent), ITU, LAES, LAIA (observer), NAM, OAS, OPANAL, OPCW, PCA, RG, UN, UNCTAD, UNESCO, UNIDO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WToO, WTrO Caricom (associate), ICFTU, Interpol (subbureau), IOC, UPU, WCO, Egmont Group, Caribbean Financial Action Task Force
Internet Service Providers (ISPs) 6 (2000) -
Irrigated land 320 sq km (1998 est.) NA sq km
Judicial branch Supreme Court of Justice or Corte Suprema de Justicia (nine judges appointed for 10-year terms); five superior courts; three courts of appeal Supreme Court; Court of Appeal; Magistrate Courts
Labor force 1.1 million


note: shortage of skilled labor, but an oversupply of unskilled labor (2000 est.)
37,470 (2000)
Labor force - by occupation agriculture 20.8%, industry 18%, services 61.2% (1995 est.) agriculture and fishing 3%, laborers 17%, clerical 22%, professional and technical 17%, administrative and managerial 13%, sales 8%, services 20% (2000 est.)
Land boundaries total: 555 km


border countries: Colombia 225 km, Costa Rica 330 km
0 km
Land use arable land: 6.72%


permanent crops: 2.08%


other: 91.2% (1998 est.)
arable land: 20%


permanent crops: 0%


other: 80% (55% developed, 45% rural/open space) (2001)
Languages Spanish (official), English 14%


note: many Panamanians bilingual
English (official), Portuguese
Legal system based on civil law system; judicial review of legislative acts in the Supreme Court of Justice; accepts compulsory ICJ jurisdiction, with reservations English law
Legislative branch unicameral Legislative Assembly or Asamblea Legislativa (71 seats; members are elected by popular vote to serve five-year terms)


elections: last held 2 May 1999 (next to be held NA May 2004)


election results: percent of vote by party - NA%; seats by party - PRD 34, PA 18, PDC 5, PS 4, MOLIRENA 3, PLN 3, Democratic Change 2, PRC 1, MORENA 1


note: legislators from outlying rural districts are chosen on a plurality basis while districts located in more populous towns and cities elect multiple legislators by means of a proportion-based formula
bicameral Parliament consists of the Senate (an 11-member body appointed by the governor, the premier, and the opposition) and the House of Assembly (36 seats; members are elected by popular vote to serve up to five-year terms)


elections: last general election held 24 July 2003 (next to be held NA July 2008)


election results: percent of vote by party - PLP 51.7%, UBP 48%; seats by party - PLP 22, UBP 14
Life expectancy at birth total population: 72.32 years


male: 69.97 years


female: 74.79 years (2003 est.)
total population: 77.6 years


male: 75.54 years


female: 79.7 years (2004 est.)
Literacy definition: age 15 and over can read and write


total population: 92.6%


male: 93.2%


female: 91.9% (2003 est.)
definition: age 15 and over can read and write


total population: 98%


male: 98%


female: 99% (1970 est.)
Location Middle America, bordering both the Caribbean Sea and the North Pacific Ocean, between Colombia and Costa Rica North America, group of islands in the North Atlantic Ocean, east of South Carolina (US)
Map references Central America and the Caribbean North America
Maritime claims contiguous zone: 24 NM


exclusive economic zone: 200 NM


territorial sea: 12 NM
territorial sea: 12 nm


exclusive fishing zone: 200 nm
Merchant marine total: 4,860 ships (1,000 GRT or over) 122,543,755 GRT/184,910,607 DWT


ships by type: barge carrier 5, bulk 1,443, cargo 846, chemical tanker 376, combination bulk 72, combination ore/oil 17, container 588, liquefied gas 207, livestock carrier 6, multi-functional large-load carrier 12, passenger 38, passenger/cargo 3, petroleum tanker 537, railcar carrier 2, refrigerated cargo 287, roll on/roll off 107, short-sea passenger 41, specialized tanker 33, vehicle carrier 240


note: includes some foreign-owned ships registered here as a flag of convenience: Albania 2, Angola 1, Antigua and Barbuda 1, Argentina 11, Australia 13, Austria 2, The Bahamas 5, Belgium 2, Belize 6, Brazil 6, British Virgin Islands 8, Cambodia 1, Canada 9, Chile 12, China 259, Colombia 14, Croatia 2, Cuba 20, Cyprus 3, Denmark 3, Dominican Republic 1, Ecuador 3, Egypt 16, Equatorial Guinea 1, France 9, Germany 72, Greece 523, Haiti 1, Honduras 3, Hong Kong 299, Iceland 1, India 18, Indonesia 48, Ireland 1, Israel 5, Italy 9, Japan 1,642, Kenya 1, Kuwait 2, Latvia 8, Liberia 5, Lithuania 1, Malaysia 18, Malta 2, Marshall Islands 1, Mexico 8, Monaco 112, Netherlands 19, Netherlands Antilles 1, Nigeria 3, Norway 98, Paraguay 1, Peru 15, Philippines 49, Poland 5, Portugal 7, Puerto Rico 2, Romania 7, Russia 12, Saint Kitts and Nevis 1, Saint Vincent and the Grenadines 5, Saudi Arabia 4, Seychelles 1, Singapore 112, South Africa 3, South Korea 342, Spain 52, Sri Lanka 3, Sudan 1, Sweden 2, Switzerland 81, Taiwan 334, Thailand 14, Trinidad and Tobago 1, Tunisia 1, Turkey 4, Ukraine 1, UAE 54, UK 73, US 115, Venezuela 6 (2002 est.)
total: 94 ships (1,000 GRT or over) 4,845,326 GRT/6,501,782 DWT


by type: bulk 25, cargo 4, container 17, liquefied gas 9, passenger 6, petroleum tanker 9, refrigerated cargo 11, roll on/roll off 10, short-sea/passenger 3


foreign-owned: Croatia 5, Germany 2, Greece 21, Hong Kong 9, Indonesia 1, Sweden 6, Switzerland 1, United Kingdom 33, United States 12


registered in other countries: 2 (2004 est.)
Military - note 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" defense is the responsibility of the UK
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) Bermuda Regiment
Military expenditures - dollar figure $128 million (FY99) $4.03 million (2001)
Military expenditures - percent of GDP 1.3% (FY99) 0.11% (FY00/01)
Military manpower - availability males age 15-49: 797,456 (2003 est.) -
Military manpower - fit for military service males age 15-49: 544,967 (2003 est.) -
National holiday Independence Day, 3 November (1903) Bermuda Day, 24 May
Nationality noun: Panamanian(s)


adjective: Panamanian
noun: Bermudian(s)


adjective: Bermudian
Natural hazards occasional severe storms and forest fires in the Darien area hurricanes (June to November)
Natural resources copper, mahogany forests, shrimp, hydropower limestone, pleasant climate fostering tourism
Net migration rate -0.97 migrant(s)/1,000 population (2003 est.) 2.49 migrant(s)/1,000 population (2004 est.)
Pipelines crude oil 130 km (2001) -
Political parties and leaders Arnulfista Party or PA [Mireya Elisa MOSCOSO Rodriguez]; Civic Renewal Party or PRC [Serguei DE LA ROSA]; Democratic Change [Ricardo MARTINELLI]; Democratic Revolutionary Party or PRD [Martin TORRIJOS]; National Liberal Party or PLN [Raul ARANGO Gasteazopo]; National Renovation Movement or MORENA [Pedro VALLARINO Cox]; Nationalist Republican Liberal Movement or MOLIRENA [Ramon MORALES]; Popular Party or PP (formerly Christian Democratic Party or PDC) [Ruben AROSEMENA]; Solidarity Party or PS [Samuel LEWIS Galindo] Gombey Liberation Party or GLP [Gavin Sundjata SMITH]; National Liberal Party or NLP [Dessaline WALDRON]; Progressive Labor Party or PLP [William Alexander SCOTT]; United Bermuda Party or UBP [Grant GIBBONS];
Political pressure groups and leaders Chamber of Commerce; National Civic Crusade; National Council of Organized Workers or CONATO; National Union of Construction and Similar Workers (SUNTRACS); National Council of Private Enterprise or CONEP; Panamanian Association of Business Executives or APEDE; Panamanian Industrialists Society or SIP; Workers Confederation of the Republic of Panama or CTRP Bermuda Employer's Union [Eddie SAINTS]; Bermuda Industrial Union or BIU [Derrick BURGESS]; Bermuda Public Services Union or BPSU [Ed BALL]; Bermuda Union of Teachers [Michael CHARLES]
Population 2,960,784 (July 2003 est.) 64,935 (July 2004 est.)
Population below poverty line 37% (1999 est.) 19% (2000)
Population growth rate 1.36% (2003 est.) 0.68% (2004 est.)
Ports and harbors Balboa, Cristobal, Coco Solo, Manzanillo (part of Colon area), Vacamonte Hamilton, Saint George's, Dockyard
Radio broadcast stations AM 101, FM 134, shortwave 0 (1998) AM 5, FM 3, shortwave 0 (1998)
Railways total: 355 km


broad gauge: 76 km 1.524-m gauge


narrow gauge: 279 km 0.914-m gauge (2002)
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Religions Roman Catholic 85%, Protestant 15% non-Anglican Protestant 39%, Anglican 27%, Roman Catholic 15%, other 19%
Sex ratio at birth: 1.05 male(s)/female


under 15 years: 1.04 male(s)/female


15-64 years: 1.03 male(s)/female


65 years and over: 0.9 male(s)/female


total population: 1.02 male(s)/female (2003 est.)
at birth: 1.02 male(s)/female


under 15 years: 1 male(s)/female


15-64 years: 0.98 male(s)/female


65 years and over: 0.77 male(s)/female


total population: 0.96 male(s)/female (2004 est.)
Suffrage 18 years of age; universal and compulsory 18 years of age; universal
Telephone system general assessment: domestic and international facilities well developed


domestic: NA


international: 1 coaxial submarine cable; satellite earth stations - 2 Intelsat (Atlantic Ocean); connected to the Central American Microwave System
general assessment: good


domestic: modern, fully automatic telephone system


international: country code - 1-441; 3 submarine cables; satellite earth stations - 3 Intelsat (Atlantic Ocean)
Telephones - main lines in use 396,000 (1997) 56,000 (2002)
Telephones - mobile cellular 17,000 (1997) 37,873 (2003)
Television broadcast stations 38 (including repeaters) (1998) 4 (2003)
Terrain interior mostly steep, rugged mountains and dissected, upland plains; coastal areas largely plains and rolling hills low hills separated by fertile depressions
Total fertility rate 2.53 children born/woman (2003 est.) 1.9 children born/woman (2004 est.)
Unemployment rate 16% (2002 est.) 5% (2002 est.)
Waterways 882 km


note: 800 km navigable by shallow draft vessels; 82 km Panama Canal
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