Panama (2004) | Bermuda (2006) | |
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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: 30.2% (male 461,427; female 443,932)
15-64 years: 63.6% (male 967,490; female 940,344) 65 years and over: 6.2% (male 88,611; female 98,659) (2004 est.) |
0-14 years: 18.6% (male 6,146/female 6,098)
15-64 years: 69.2% (male 22,562/female 22,954) 65 years and over: 12.2% (male 3,479/female 4,534) (2006 est.) |
Agriculture - products | bananas, rice, corn, coffee, sugarcane, vegetables; livestock; shrimp | bananas, vegetables, citrus, flowers; dairy products, honey |
Airports | 103 (2003 est.) | 1 (2006) |
Airports - with paved runways | total: 44
over 3,047 m: 1 2,438 to 3,047 m: 1 1,524 to 2,437 m: 5 914 to 1,523 m: 15 under 914 m: 22 (2004 est.) |
total: 1
2,438 to 3,047 m: 1 (2006) |
Airports - with unpaved runways | total: 61
914 to 1,523 m: 12 under 914 m: 49 (2004 est.) |
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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. Although a referendum on independence from the UK was soundly defeated in 1995, the present government has reopened debate on the issue. |
Birth rate | 20.36 births/1,000 population (2004 est.) | 11.4 births/1,000 population (2006 est.) |
Budget | revenues: $2.995 billion
expenditures: $3.421 billion, including capital expenditures of $471 million (2003 est.) |
revenues: $738 million
expenditures: $665 million (FY04/05) |
Capital | Panama | name: Hamilton
geographic coordinates: 32 17 N, 64 46 W time difference: UTC-4 (1 hour ahead of Washington, DC during Standard Time) daylight saving time: +1hr, begins first Sunday in April; ends last Sunday in October |
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, 1994, and 2004 | 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) | - |
Death rate | 6.39 deaths/1,000 population (2004 est.) | 7.74 deaths/1,000 population (2006 est.) |
Debt - external | $8.834 billion (2003 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: Consul General Gregory W. SLAYTON
consulate(s) general: Crown Hill, 16 Middle Road, Devonshire DVO3 mailing address: P. O. Box HM325, Hamilton HMBX; American Consulate General Hamilton, US 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 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 |
none (overseas territory of the UK) |
Disputes - international | none | none |
Economic aid - recipient | $197.1 million (1995) | $NA |
Economy - overview | 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 Colon Free Zone and agricultural exports, the global slowdown, and the withdrawal of US military forces held back economic growth in 2000-03. The government has been backing public works programs, tax reforms, new regional trade agreements, and development of tourism in order to stimulate growth. Unemployment remains at an unacceptably high level. | Bermuda enjoys the highest per capita income in the world, more than 50% higher than that of the US. Its economy is primarily based on providing financial services for international business and luxury facilities for tourists. A number of reinsurance companies relocated to the island following 11 September 2001 and again after Hurricane Katrina, contributing to the expansion of an already robust international business sector. Bermuda's tourism industry - which derives over 80% of its visitors from the US - continues to struggle but remains the island's number two industry. 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 with only 20% of the land being arable. |
Electricity - consumption | 3.681 billion kWh (2001) | 616.7 million kWh (2005) |
Electricity - exports | 118 million kWh (2001) | 0 kWh (2005) |
Electricity - imports | 43 million kWh (2001) | 0 kWh (2005) |
Electricity - production | 4.039 billion kWh (2001) | 682.5 million kWh (2005) |
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 | 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, Ozone Layer Protection, Ship Pollution, Tropical Timber 83, Tropical Timber 94, Wetlands, Whaling
signed, but not ratified: Marine Life Conservation |
- |
Ethnic groups | mestizo (mixed Amerindian and white) 70%, Amerindian and mixed (West Indian) 14%, white 10%, Amerindian 6% | black 54.8%, white 34.1%, mixed 6.4%, other races 4.3%, unspecified 0.4% (2000 census) |
Exchange rates | balboas per US dollar - 1 (2003), 1 (2002), 1 (2001), 1 (2000), 1 (1999) | Bermudian dollar per US dollar - 1.0000 (fixed rate pegged to the US dollar) |
Executive branch | 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; 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) |
chief of state: Queen ELIZABETH II (since 6 February 1952), represented by Governor Sir John VEREKER (since 11 April 2002)
head of government: Premier Ewart BROWN (since 30 October 2006); Deputy Premier Paula COX 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) | 0 bbl/day NA bbl/day |
Exports - commodities | bananas, shrimp, sugar, coffee, clothing (1999) | reexports of pharmaceuticals |
Exports - partners | US 13.9%, Nigeria 9.8%, Germany 8.1%, South Korea 7.8%, Peru 5.1%, Costa Rica 4.9%, Belgium 4.8%, Japan 4.5% (2003) | France 65.6%, Spain 11.7%, US 4.5% (2005) |
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 - $18.78 billion (2003 est.) | - |
GDP - composition by sector | agriculture: 8.3%
industry: 14.7% services: 77.1% (2003 est.) |
agriculture: 1%
industry: 10% services: 89% (2002 est.) |
GDP - per capita | purchasing power parity - $6,300 (2003 est.) | - |
GDP - real growth rate | 4.1% (2003 est.) | 4.6% (2004 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) |
- |
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 bbl/day |
Imports - commodities | capital goods, crude oil, foodstuffs, consumer goods, chemicals (1999) | clothing, fuels, machinery and transport equipment, construction materials, chemicals, food and live animals |
Imports - partners | Japan 33.2%, US 11.4%, China 9.1%, South Korea 7.7%, Singapore 7.1% (2003) | Kazakhstan 51%, France 19%, South Korea 10.2%, US 7.6% (2005) |
Independence | 3 November 1903 (from Colombia; became independent from Spain 28 November 1821) | none (overseas territory of the UK) |
Industrial production growth rate | 7% (2003 est.) | NA% |
Industries | construction, petroleum refining, brewing, cement and other construction materials, sugar milling | international business, tourism, light manufacturing |
Infant mortality rate | total: 20.95 deaths/1,000 live births
male: 23.08 deaths/1,000 live births female: 18.72 deaths/1,000 live births (2004 est.) |
total: 8.3 deaths/1,000 live births
male: 9.85 deaths/1,000 live births female: 6.73 deaths/1,000 live births (2006 est.) |
Inflation rate (consumer prices) | 1.4% (2003 est.) | 2.8% (November 2005) |
International organization participation | FAO, G-77, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICFTU, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, 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 | Caricom (associate), ICFTU, Interpol (subbureau), IOC, UPU, WCO |
Irrigated land | 320 sq km (1998 est.) | NA |
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 | 1.19 million
note: shortage of skilled labor, but an oversupply of unskilled labor (2003 est.) |
38,360 (2004) |
Labor force - by occupation | agriculture 20.8%, industry 18%, services 61.2% (1995 est.) | agriculture and fishing 3%, laborers 17%, clerical 19%, professional and technical 21%, administrative and managerial 15%, sales 7%, services 19% (2004 est.) |
Land boundaries | total: 555 km
border countries: Colombia 225 km, Costa Rica 330 km |
0 km |
Land use | arable land: 7.36%
permanent crops: 1.98% other: 90.66% (2001) |
arable land: 20%
permanent crops: 0% other: 80% (55% developed, 45% rural/open space) (2005) |
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 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, Democratic Change 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 |
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 not later than 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: 72.14 years
male: 69.82 years female: 74.56 years (2004 est.) |
total population: 77.96 years
male: 75.85 years female: 80.1 years (2006 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% (2005 est.) |
Location | Central 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 | territorial sea: 12 nm
contiguous zone: 24 nm exclusive economic zone: 200 nm |
territorial sea: 12 nm
exclusive fishing zone: 200 nm |
Merchant marine | total: 4,833 ships (1,000 GRT or over) 122,960,929 GRT/183,615,337 DWT
by type: barge carrier 3, bulk 1,434, cargo 819, chemical tanker 388, combination bulk 73, combination ore/oil 18, container 613, liquefied gas 190, livestock carrier 3, multi-functional large load carrier 15, passenger 36, passenger/cargo 5, petroleum tanker 514, rail car carrier 1, refrigerated cargo 281, roll on/roll off 125, short-sea/passenger 37, specialized tanker 36, vehicle carrier 242 foreign-owned: Albania 2, Angola 1, Antigua and Barbuda 2, Argentina 7, Australia 11, Austria 1, Bahamas 3, Bangladesh 1, Belgium 5, Belize 4, Brazil 4, British Virgin Islands 8, Cambodia 2, Canada 6, Cayman Islands 1, Chile 13, China 286, Colombia 14, Croatia 3, Cuba 17, Cyprus 6, Denmark 4, Dominican Republic 1, Ecuador 1, Egypt 16, Equatorial Guinea 1, France 7, Germany 89, Greece 549, Haiti 1, Honduras 2, Hong Kong 288, India 22, Indonesia 44, Iran 1, Ireland 2, Israel 4, Italy 7, Japan 1630, Jordan 8, Kenya 1, South Korea 349, Kuwait 1, Latvia 11, Liberia 3, Lithuania 2, Luxembourg 1, Malaysia 12, Malta 1, Marshall Islands 3, Mexico 7, Monaco 29, Netherlands 14, Netherlands Antilles 1, New Zealand 1, Nigeria 6, Norway 86, Oman 1, Pakistan 1, Peru 17, Philippines 41, Poland 12, Portugal 6, Puerto Rico 3, Romania 9, Russia 8, Saint Kitts and Nevis 3, Saint Vincent and the Grenadines 6, Saudi Arabia 6, Singapore 105, South Africa 3, Spain 52, Sri Lanka 3, Sudan 1, Sweden 4, Switzerland 93, Syria 1, Taiwan 348, Thailand 14, Trinidad and Tobago 1, Turkey 12, Ukraine 2, United Kingdom 51, United States 99, Venezuela 4 registered in other countries: 85 (2004 est.) |
total: 132 ships (1000 GRT or over) 7,873,728 GRT/8,688,692 DWT
by type: bulk carrier 25, cargo 1, container 24, liquefied gas 23, passenger 19, passenger/cargo 6, petroleum tanker 16, refrigerated cargo 13, roll on/roll off 5 foreign-owned: 116 (Australia 3, Belgium 4, France 1, Germany 21, Greece 2, Hong Kong 10, Indonesia 1, Ireland 1, Israel 3, Monaco 2, Nigeria 11, Norway 5, Sweden 14, Switzerland 2, UK 9, US 27) registered in other countries: 6 (Liberia 1, Marshall Islands 4, Panama 1) (2006) |
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) | no regular military forces |
Military expenditures - dollar figure | $145 million (2003) | $4.03 million (2001) |
Military expenditures - percent of GDP | 1.2% (2003) | 0.11% (FY00/01) |
Military manpower - availability | males age 15-49: 810,341 (2004 est.) | - |
Military manpower - fit for military service | males age 15-49: 553,422 (2004 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 | -0.91 migrant(s)/1,000 population (2004 est.) | 2.4 migrant(s)/1,000 population (2006 est.) |
Political parties and leaders | Democratic Change or CD [Ricardo MARTINELLI]; Democratic Revolutionary Party or PRD [Martin TORRIJOS]; National Liberal Party or PLN [Anibal GALINDO]; Nationalist Republican Liberal Movement or MOLIRENA [Jesus ROSAS]; Panamenista Party or PA (formerly the Arnulfista Party) [Mireya Elisa MOSCOSO Rodriguez]; Popular Party or PP (formerly Christian Democratic Party or PDC) [Ruben AROSEMENA]; Solidarity Party or PS [Jose Raul MULINO] | Progressive Labor Party or PLP [Ewart BROWN]; United Bermuda Party or UBP [Wayne FURBERT] |
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 | 3,000,463 (July 2004 est.) | 65,773 (July 2006 est.) |
Population below poverty line | 37% (1999 est.) | 19% (2000) |
Population growth rate | 1.31% (2004 est.) | 0.61% (2006 est.) |
Ports and harbors | Balboa, Cristobal, Coco Solo, Manzanillo (part of Colon area), Vacamonte | - |
Radio broadcast stations | AM 101, FM 134, shortwave 0 (1998) | AM 5, FM 3, shortwave 0 (2005) |
Railways | total: 355 km
standard gauge: 76 km 1.435-m gauge narrow gauge: 279 km 0.914-m gauge (2003) |
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Religions | Roman Catholic 85%, Protestant 15% | Anglican 23%, Roman Catholic 15%, African Methodist Episcopal 11%, other Protestant 18%, other 12%, unaffiliated 6%, unspecified 1%, none 14% (2000 census) |
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 (2004 est.) |
at birth: 1.02 male(s)/female
under 15 years: 1.01 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 (2006 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: country code - 507; 1 coaxial submarine cable; satellite earth stations - 2 Intelsat (Atlantic Ocean); connected to the Central American Microwave System |
general assessment: good
domestic: fully automatic digital telephone system; fiber optic trunk lines international: country code - 1-441; submarine cables - 3 (fiber optic); satellite earth stations - 3 (2005) |
Telephones - main lines in use | 386,900 (2002) | 56,000 (2002) |
Telephones - mobile cellular | 834,000 (2003) | 49,000 (2004) |
Television broadcast stations | 38 (including repeaters) (1998) | 3 (2005) |
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 | 2.49 children born/woman (2004 est.) | 1.89 children born/woman (2006 est.) |
Unemployment rate | 13.8% (2003 est.) | 2.1% (2004 est.) |
Waterways | 800 km (includes 82 km Panama Canal) (2004) | - |