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Compare Panama (2008) - Korea, South (2003)

Compare Panama (2008) z Korea, South (2003)

 Panama (2008)Korea, South (2003)
 PanamaKorea, South
Administrative divisions 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 9 provinces (do, singular and plural) and 7 metropolitan cities* (gwangyoksi, singular and plural); Cheju-do, Cholla-bukto, Cholla-namdo, Ch'ungch'ong-bukto, Ch'ungch'ong-namdo, Inch'on-gwangyoksi*, Kangwon-do, Kwangju-gwangyoksi*, Kyonggi-do, Kyongsang-bukto, Kyongsang-namdo, Pusan-gwangyoksi*, Soul-t'ukpyolsi*, Taegu-gwangyoksi*, Taejon-gwangyoksi*, Ulsan-gwangyoksi*
Age structure 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.)
0-14 years: 20.6% (male 5,256,451; female 4,703,853)


15-64 years: 71.5% (male 17,527,407; female 16,991,229)


65 years and over: 7.9% (male 1,512,157; female 2,297,940) (2003 est.)
Agriculture - products bananas, rice, corn, coffee, sugarcane, vegetables; livestock; shrimp rice, root crops, barley, vegetables, fruit; cattle, pigs, chickens, milk, eggs; fish
Airports 116 (2007) 102 (2002)
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)
total: 69


over 3,047 m: 3


2,438 to 3,047 m: 18


1,524 to 2,437 m: 16


914 to 1,523 m: 11


under 914 m: 21 (2002)
Airports - with unpaved runways total: 62


1,524 to 2,437 m: 1


914 to 1,523 m: 11


under 914 m: 50 (2007)
total: 33


914 to 1,523 m: 2


under 914 m: 31 (2002)
Area total: 78,200 sq km


land: 75,990 sq km


water: 2,210 sq km
total: 98,480 sq km


land: 98,190 sq km


water: 290 sq km
Area - comparative slightly smaller than South Carolina slightly larger than Indiana
Background 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. After World War II, a republic was set up in the southern half of the Korean Peninsula while a Communist-style government was installed in the north. During the Korean War (1950-1953), US and other UN forces intervened to defend South Korea from North Korean attacks supported by the Chinese. An armistice was signed in 1953, splitting the Peninsula along a demilitarized zone at about the 38th parallel. Thereafter, South Korea achieved rapid economic growth with per capita income rising to roughly 20 times the level of North Korea. South Korea has maintained its commitment to democratize its political processes. In June 2000, a historic first North-South summit took place between the South's President KIM Dae-jung and the North's leader KIM Chong-il.
Birth rate 21.45 births/1,000 population (2007 est.) 12.6 births/1,000 population (2003 est.)
Budget revenues: $5.206 billion


expenditures: $5.089 billion (2007 est.)
revenues: $118.1 billion


expenditures: $95.7 billion, including capital expenditures of $22.6 billion (2000)
Capital name: Panama


geographic coordinates: 8 58 N, 79 32 W


time difference: UTC-5 (same time as Washington, DC during Standard Time)
Seoul
Climate tropical maritime; hot, humid, cloudy; prolonged rainy season (May to January), short dry season (January to May) temperate, with rainfall heavier in summer than winter
Coastline 2,490 km 2,413 km
Constitution 11 October 1972; major reforms adopted 1978, 1983, 1994, and 2004 17 July 1948
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: Republic of Korea


conventional short form: South Korea


local long form: Taehan-min'guk


local short form: none


note: the South Koreans generally use the term "Han'guk" to refer to their country


abbreviation: ROK
Currency - South Korean won (KRW)
Death rate 5.44 deaths/1,000 population (2007 est.) 6.03 deaths/1,000 population (2003 est.)
Debt - external $10.56 billion (31 December 2007 est.) $135.2 billion (yearend 2002 est.)
Diplomatic representation from the US 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
chief of mission: Ambassador Thomas C. HUBBARD


embassy: 82 Sejong-no, Jongno-gu, Seoul 110-710


mailing address: American Embassy, Unit 15550, APO AP 96205-5550


telephone: [82] (2) 397-4114


FAX: [82] (2) 738-8845
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
chief of mission: Ambassador HAN Sung-chu (HAN Sung-joo)


chancery: 2450 Massachusetts Avenue NW, Washington, DC 20008


telephone: [1] (202) 939-5600


FAX: [1] (202) 387-0205


consulate(s) general: Atlanta, Boston, Chicago, Honolulu, Houston, Los Angeles, New York, San Francisco, and Seattle


consulate(s): New York, Tamuning (Guam)
Disputes - international organized illegal narcotics operations in Colombia operate within the remote border region with Panama Military Demarcation Line within the 4-km wide Demilitarized Zone has separated North from South Korea since 1953; Liancourt Rocks (Take-shima/Tok-do) are disputed with Japan
Economic aid - donor - ODA $200 million
Economic aid - recipient $19.54 million (2005) -
Economy - overview 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. As one of the Four Tigers of East Asia, South Korea has achieved an incredible record of growth and integration into the high-tech modern world economy. Three decades ago GDP per capita was comparable with levels in the poorer countries of Africa and Asia. Today its GDP per capita is 18 times North Korea's and equal to the lesser economies of the European Union. This success through the late 1980s was achieved by a system of close government/business ties, including directed credit, import restrictions, sponsorship of specific industries, and a strong labor effort. The government promoted the import of raw materials and technology at the expense of consumer goods and encouraged savings and investment over consumption. The Asian financial crisis of 1997-99 exposed longstanding weaknesses in South Korea's development model, including high debt/equity ratios, massive foreign borrowing, and an undisciplined financial sector. Growth plunged to a negative 6.6% in 1998, then strongly recovered to 10.8% in 1999 and 9.2% in 2000. Growth fell back to 3.3% in 2001 because of the slowing global economy, falling exports, and the perception that much-needed corporate and financial reforms had stalled. Led by consumer spending and exports, growth in 2002 was an impressive 6.2%, despite anemic global growth, followed by moderate 2.8% growth in 2003. In 2003 the six-day work week was reduced to five days.
Electricity - consumption 4.735 billion kWh (2005) 270.3 billion kWh (2001)
Electricity - exports 51 million kWh (2005) 0 kWh (2001)
Electricity - imports 55 million kWh (2005) 0 kWh (2001)
Electricity - production 5.661 billion kWh (2005) 290.7 billion kWh (2001)
Electricity - production by source - fossil fuel: 62.4%


hydro: 0.8%


nuclear: 36.6%


other: 0.2% (2001)
Elevation extremes lowest point: Pacific Ocean 0 m


highest point: Volcan Baru 3,475 m
lowest point: Sea of Japan 0 m


highest point: Halla-san 1,950 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 air pollution in large cities; acid rain; water pollution from the discharge of sewage and industrial effluents; drift net fishing
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
party to: Antarctic-Environmental Protocol, Antarctic-Marine Living Resources, Antarctic Treaty, Biodiversity, Climate Change, Desertification, Endangered Species, Environmental Modification, 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: Climate Change-Kyoto Protocol
Ethnic groups mestizo (mixed Amerindian and white) 70%, Amerindian and mixed (West Indian) 14%, white 10%, Amerindian 6% homogeneous (except for about 20,000 Chinese)
Exchange rates balboas per US dollar - 1 (2007), 1 (2006), 1 (2005), 1 (2004), 1 (2003) South Korean won per US dollar - 1,251.09 (2002), 1,290.99 (2001), 1,130.96 (2000), 1,188.82 (1999), 1,401.44 (1998)
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)


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)
chief of state: President NO Mu-hyun (ROH Moo-hyun) (since 25 February 2003)


head of government: Prime Minister KO Kun (KOH Kun) (since 27 February 2003); Deputy Prime Ministers KIM Chin-p'yo (KIM Jin-pyo) (since 27 February 2003) and YUN Tok-hong (since 6 March 2003)


cabinet: State Council appointed by the president on the prime minister's recommendation


elections: president elected by popular vote for a single five-year term; election last held 19 December 2002 (next to be held NA December 2007); prime minister appointed by the president; deputy prime ministers appointed by the president on the prime minister's recommendation


election results: results of the 19 December 2002 election - NO Muh-hyun elected president, took office 25 February 2003; percent of vote - NO Muh-hyun (MDP) 48.9%; YI Hoe-ch'ang (GNP) 46.6%; other 4.5%
Exports 4,140 bbl/day (2004) 804,700 bbl/day (2001)
Exports - commodities bananas, shrimp, sugar, coffee, clothing electronic products, machinery and equipment, motor vehicles, steel, ships; textiles, clothing, footwear; fish
Exports - partners US 39.8%, Spain 8.1%, Netherlands 6.7%, Sweden 5.6%, Costa Rica 4.5% (2006) US 20.4%, China 14.7%, Japan 9.4%, Hong Kong 6.3% (2002)
Fiscal year calendar year calendar year
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 white with a red (top) and blue yin-yang symbol in the center; there is a different black trigram from the ancient I Ching (Book of Changes) in each corner of the white field
GDP - purchasing power parity - $941.5 billion (2002 est.)
GDP - composition by sector agriculture: 6.8%


industry: 16.2%


services: 77% (2007 est.)
agriculture: 4.4%


industry: 41.6%


services: 54% (2001 est.)
GDP - per capita - purchasing power parity - $19,600 (2002 est.)
GDP - real growth rate 7.8% (2007 est.) 6.3% (2002 est.)
Geographic coordinates 9 00 N, 80 00 W 37 00 N, 127 30 E
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 strategic location on Korea Strait
Heliports 2 (2007) 204 (2002)
Highways - total: 86,990 km


paved: 64,808 km (including 1,996 km of expressways)


unpaved: 22,182 km (1999 est.)
Household income or consumption by percentage share lowest 10%: 0.7%


highest 10%: 43% (2003)
lowest 10%: 2.6%


highest 10%: 24.8% (1998 est.)
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 92,170 bbl/day (2004) 2.965 million bbl/day (2001)
Imports - commodities capital goods, foodstuffs, consumer goods, chemicals machinery, electronics and electronic equipment, oil, steel, transport equipment, textiles, organic chemicals, grains
Imports - partners US 27%, Netherlands Antilles 10.1%, Costa Rica 5.1%, Japan 4.7% (2006) Japan 19.6%, US 15.2%, China 11.4%, Saudi Arabia 5% (2002)
Independence 3 November 1903 (from Colombia; became independent from Spain 28 November 1821) 15 August 1945 (from Japan)
Industrial production growth rate 7.8% (2007 est.) 6.5% (2002 est.)
Industries construction, brewing, cement and other construction materials, sugar milling electronics, automobile production, chemicals, shipbuilding, steel, textiles, clothing, footwear, food processing
Infant mortality rate 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.)
total: 7.31 deaths/1,000 live births


male: 7.77 deaths/1,000 live births


female: 6.8 deaths/1,000 live births (2003 est.)
Inflation rate (consumer prices) 5.1% (2007 est.) 2.8% (2002 est.)
International organization participation 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 AfDB, APEC, ARF (dialogue partner), AsDB, ASEAN (dialogue partner), Australia Group, BIS, CP, EBRD, ESCAP, FAO, IAEA, IBRD, ICAO, ICC, ICCt, ICFTU, ICRM, IDA, IEA, IEA (observer), IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Interpol, IOC, IOM, ISO, ITU, MINURSO, NAM (guest), NEA, NSG, OAS (observer), OECD, OPCW, OSCE (partner), PCA, UN, UNCTAD, UNESCO, UNFICYP, UNHCR, UNIDO, UNMISET, UNMOGIP, UNOMIG, UNU, UPU, WCL, WCO, WHO, WIPO, WMO, WToO, WTrO, ZC
Internet Service Providers (ISPs) - 11 (2000)
Irrigated land 430 sq km (2003) 11,590 sq km (1998 est.)
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 (justices are appointed by the president with the consent of the National Assembly)
Labor force 1.471 million


note: shortage of skilled labor, but an oversupply of unskilled labor (2007 est.)
22 million (2001)
Labor force - by occupation agriculture: 15%


industry: 18%


services: 67% (2006 est.)
services 69%, industry 21.5%, agriculture 9.5% (2001)
Land boundaries total: 555 km


border countries: Colombia 225 km, Costa Rica 330 km
total: 238 km


border countries: North Korea 238 km
Land use arable land: 7.26%


permanent crops: 1.95%


other: 90.79% (2005)
arable land: 17.44%


permanent crops: 2.05%


other: 80.51% (1998 est.)
Languages Spanish (official), English 14%; note - many Panamanians bilingual Korean, English widely taught in junior high and high school
Legal system based on civil law system; judicial review of legislative acts in the Supreme Court of Justice; accepts compulsory ICJ jurisdiction with reservations combines elements of continental European civil law systems, Anglo-American law, and Chinese classical thought
Legislative branch 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
unicameral National Assembly or Kukhoe (273 seats total - 227 elected by direct, popular vote; members serve four-year terms); note - beginning in 2004, all members will be directly elected; possible redistricting before 2004 may affect the number of seats in the National Assembly


elections: last held 13 April 2000 (next to be held NA April 2004)


election results: percent of vote by party - NA%; seats by party - GNP 133, MDP 115, ULD 17, other 8; note - the distribution of seats as of April 2003 was: GNP 153, MDP 101, ULD 11, DPP 1, PPR 1, independents 5; one seat vacant
Life expectancy at birth total population: 75.19 years


male: 72.69 years


female: 77.8 years (2007 est.)
total population: 75.36 years


male: 71.73 years


female: 79.32 years (2003 est.)
Literacy definition: age 15 and over can read and write


total population: 91.9%


male: 92.5%


female: 91.2% (2000 census)
definition: age 15 and over can read and write


total population: 98.1%


male: 99.3%


female: 97% (2003 est.)
Location Central America, bordering both the Caribbean Sea and the North Pacific Ocean, between Colombia and Costa Rica Eastern Asia, southern half of the Korean Peninsula bordering the Sea of Japan and the Yellow Sea
Map references Central America and the Caribbean Asia
Maritime claims territorial sea: 12 nm


contiguous zone: 24 nm


exclusive economic zone: 200 nm or edge of continental margin
contiguous zone: 24 NM


continental shelf: not specified


exclusive economic zone: 200 NM


territorial sea: 12 NM; between 3 NM and 12 NM in the Korea Strait
Merchant marine 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)
total: 541 ships (1,000 GRT or over) 6,490,521 GRT/10,602,751 DWT


ships by type: bulk 114, cargo 174, chemical tanker 63, combination bulk 9, container 52, liquefied gas 17, passenger 3, petroleum tanker 69, refrigerated cargo 21, roll on/roll off 6, short-sea passenger 2, specialized tanker 6, vehicle carrier 5


note: includes some foreign-owned ships registered here as a flag of convenience: Australia 1, Bulgaria 1, China 1, Greece 1, Japan 1, Malaysia 1, Norway 1, Panama 1, Saint Vincent and the Grenadines 1, UK 1 (2002 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" -
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) Army, Navy, Air Force, Marine Corps, National Maritime Police (Coast Guard)
Military expenditures - dollar figure - $13,094.3 million (FY02)
Military expenditures - percent of GDP 1% (2006) 2.8% (FY02)
Military manpower - availability - males age 15-49: 14,252,851 (2003 est.)
Military manpower - fit for military service - males age 15-49: 8,994,941 (2003 est.)
Military manpower - military age - 18 years of age (2003 est.)
Military manpower - reaching military age annually - males: 345,331 (2003 est.)
National holiday Independence Day, 3 November (1903) Liberation Day, 15 August (1945)
Nationality noun: Panamanian(s)


adjective: Panamanian
noun: Korean(s)


adjective: Korean
Natural hazards occasional severe storms and forest fires in the Darien area occasional typhoons bring high winds and floods; low-level seismic activity common in southwest
Natural resources copper, mahogany forests, shrimp, hydropower coal, tungsten, graphite, molybdenum, lead, hydropower potential
Net migration rate -0.37 migrant(s)/1,000 population (2007 est.) 0 migrant(s)/1,000 population (2003 est.)
Pipelines - gas 1,433 km; refined products 827 km (2003)
Political parties and leaders 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) Democratic People's Party or DPP [leader NA]; Grand National Party or GNP [CH'OE Pyong-ryol, chairman]; Millennium Democratic Party or MDP [CHO Sun-hyong, chairman]; United Liberal Democrats or ULD [KIM Chong-p'il, president]; Uri Party [KIM Kun-t'ae, chairman]
Political pressure groups and leaders 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 Federation of Korean Industries; Federation of Korean Trade Unions; Korean Confederation of Trade Unions; Korean National Council of Churches; Korean Traders Association; Korean Veterans' Association; National Council of Labor Unions; National Democratic Alliance of Korea; National Federation of Farmers' Associations; National Federation of Student Associations
Population 3,242,173 (July 2007 est.) 48,289,037 (July 2003 est.)
Population below poverty line 37% (1999 est.) 4% (2001 est.)
Population growth rate 1.564% (2007 est.) 0.66% (2003 est.)
Ports and harbors - Chinhae, Inch'on, Kunsan, Masan, Mokp'o, P'ohang, Pusan, Tonghae-hang, Ulsan, Yosu
Radio broadcast stations AM 101, FM 134, shortwave 0 (1998) AM 104, FM 136, shortwave 5 (2001)
Railways total: 355 km


standard gauge: 77 km 1.435-m gauge


narrow gauge: 278 km 0.914-m gauge (2006)
total: 3,125 km


standard gauge: 3,125 km 1.435-m gauge (661 km electrified) (2002)
Religions Roman Catholic 85%, Protestant 15% Christian 49%, Buddhist 47%, Confucianist 3%, Shamanist, Chondogyo (Religion of the Heavenly Way), and other 1%
Sex ratio 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.)
at birth: 1.1 male(s)/female


under 15 years: 1.12 male(s)/female


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


65 years and over: 0.66 male(s)/female


total population: 1.01 male(s)/female (2003 est.)
Suffrage 18 years of age; universal and compulsory 20 years of age; universal
Telephone 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
general assessment: excellent domestic and international services


domestic: NA


international: fiber-optic submarine cable to China; the Russia-Korea-Japan submarine cable; satellite earth stations - 3 Intelsat (2 Pacific Ocean and 1 Indian Ocean) and 1 Inmarsat (Pacific Ocean region)
Telephones - main lines in use 432,900 (2006) 24 million (2000)
Telephones - mobile cellular 1.694 million (2005) 28 million (September 2000)
Television broadcast stations 38 (including repeaters) (1998) 121 (plus 850 repeater stations and the eight-channel American Forces Korea Network) (1999)
Terrain interior mostly steep, rugged mountains and dissected, upland plains; coastal areas largely plains and rolling hills mostly hills and mountains; wide coastal plains in west and south
Total fertility rate 2.66 children born/woman (2007 est.) 1.56 children born/woman (2003 est.)
Unemployment rate 7.2% (2007 est.) 3.1% (2002 est.)
Waterways 800 km (includes 82 km Panama Canal) (2007) 1,609 km


note: restricted to small native craft
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