Compare Panama (2008) - Panama (2005)

Compare Panama (2008) z Panama (2005)

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	Panama (2008)	Panama (2005)

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: 29.8% (male 460,840/female 443,359) 15-64 years: 63.9% (male 984,558/female 956,748) 65 years and over: 6.4% (male 91,383/female 102,262) (2005 est.)
Airports	116 (2007)	105 (2004 est.)
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: 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.)
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: 61 914 to 1,523 m: 12 under 914 m: 49 (2004 est.)
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.	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.
Birth rate	21.45 births/1,000 population (2007 est.)	19.96 births/1,000 population (2005 est.)
Budget	revenues: $5.206 billion expenditures: $5.089 billion (2007 est.)	revenues: $3.095 billion expenditures: $3.737 billion, including capital expenditures of $471 million (2004 est.)
Capital	name: Panama geographic coordinates: 8 58 N, 79 32 W time difference: UTC-5 (same time as Washington, DC during Standard Time)	Panama
Death rate	5.44 deaths/1,000 population (2007 est.)	6.54 deaths/1,000 population (2005 est.)
Debt - external	$10.56 billion (31 December 2007 est.)	$8.78 billion (2004 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 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
Disputes - international	organized illegal narcotics operations in Colombia operate within the remote border region with Panama	organized illegal narcotics operations in Colombia operate within the border region with Panama
Economic aid - recipient	$19.54 million (2005)	$197.1 million (1995)
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.	Panama's dollarised economy rests primarily on a well-developed services sector that accounts for four-fifths 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; growth picked up in 2004 led by export-oriented services and a construction boom stimulated by tax incentives. The government has been backing tax reforms, reform of the social security program, new regional trade agreements, and development of tourism. Unemployment remains high.
Electricity - consumption	4.735 billion kWh (2005)	4.473 billion kWh (2002)
Electricity - exports	51 million kWh (2005)	120 million kWh (2002)
Electricity - imports	55 million kWh (2005)	61 million kWh (2002)
Electricity - production	5.661 billion kWh (2005)	4.873 billion kWh (2002)
Elevation extremes	lowest point: Pacific Ocean 0 m highest point: Volcan Baru 3,475 m	lowest point: Pacific Ocean 0 m highest point: Volcan de Chiriqui 3,475 m
Exchange rates	balboas per US dollar - 1 (2007), 1 (2006), 1 (2005), 1 (2004), 1 (2003)	balboas per US dollar - 1 (2004), 1 (2003), 1 (2002), 1 (2001), 1 (2000)
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 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)
Exports	4,140 bbl/day (2004)	NA
Exports - commodities	bananas, shrimp, sugar, coffee, clothing	bananas, shrimp, sugar, coffee, clothing (1999)
Exports - partners	US 39.8%, Spain 8.1%, Netherlands 6.7%, Sweden 5.6%, Costa Rica 4.5% (2006)	US 50.5%, Sweden 6.6%, Spain 5.1%, Netherlands 4.4%, Costa Rica 4.2% (2004)
GDP - composition by sector	agriculture: 6.8% industry: 16.2% services: 77% (2007 est.)	agriculture: 7.2% industry: 13% services: 79.8% (2004 est.)
GDP - per capita	-	purchasing power parity - $6,900 (2004 est.)
GDP - real growth rate	7.8% (2007 est.)	6% (2004 est.)
Heliports	2 (2007)	-
Highways	-	total: 11,643 km paved: 4,028 km (including 30 km of expressways) unpaved: 7,615 km (2000 est.)
Household income or consumption by percentage share	lowest 10%: 0.7% highest 10%: 43% (2003)	lowest 10%: 1.2% highest 10%: 35.7% (1997)
Imports	92,170 bbl/day (2004)	NA
Imports - partners	US 27%, Netherlands Antilles 10.1%, Costa Rica 5.1%, Japan 4.7% (2006)	US 33.3%, Netherlands Antilles 8.1%, Japan 6%, Costa Rica 5.7%, Mexico 4.6%, Colombia 4.2% (2004)
Industrial production growth rate	7.8% (2007 est.)	5.4% (2004 est.)
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: 20.47 deaths/1,000 live births male: 22.59 deaths/1,000 live births female: 18.26 deaths/1,000 live births (2005 est.)
Inflation rate (consumer prices)	5.1% (2007 est.)	2% (2004 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	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
Irrigated land	430 sq km (2003)	320 sq km (1998 est.)
Labor force	1.471 million note: shortage of skilled labor, but an oversupply of unskilled labor (2007 est.)	1.32 million note: shortage of skilled labor, but an oversupply of unskilled labor (2004 est.)
Labor force - by occupation	agriculture: 15% industry: 18% services: 67% (2006 est.)	agriculture 20.8%, industry 18%, services 61.2% (1995 est.)
Land use	arable land: 7.26% permanent crops: 1.95% other: 90.79% (2005)	arable land: 7.36% permanent crops: 1.98% other: 90.66% (2001)
Legal system	based on civil law system; judicial review of legislative acts in the Supreme Court of Justice; accepts compulsory ICJ jurisdiction with reservations	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 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 (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: 75.19 years male: 72.69 years female: 77.8 years (2007 est.)	total population: 75.25 years male: 72.68 years female: 77.93 years (2005 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: 92.6% male: 93.2% female: 91.9% (2003 est.)
Maritime claims	territorial sea: 12 nm contiguous zone: 24 nm exclusive economic zone: 200 nm or edge of continental margin	territorial sea: 12 nm contiguous zone: 24 nm exclusive economic zone: 200 nm
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: 5,005 ships (1,000 GRT or over) 122,960,929 GRT/183,615,337 DWT by type: barge carrier 1, bulk carrier 1,548, cargo 886, chemical tanker 465, combination ore/oil 13, container 605, liquefied gas 183, livestock carrier 8, passenger 42, passenger/cargo 77, petroleum tanker 521, refrigerated cargo 298, roll on/roll off 97, specialized tanker 5, vehicle carrier 256 foreign-owned: 4,388 (Andorra 1, Argentina 9, Australia 3, Bahamas 1, Belgium 14, Brazil 1, Canada 1, Chile 14, China 310, Colombia 5, Croatia 1, Cuba 9, Cyprus 7, Denmark 13, Egypt 15, France 7, Germany 23, Greece 546, Hong Kong 159, India 8, Indonesia 46, Ireland 1, Isle of Man 2, Israel 3, Italy 8, Japan 1814, Jordan 9, Latvia 2, Lithuania 5, Malaysia 11, Maldives 1, Malta 1, Mexico 4, Monaco 8, Netherlands 22, New Zealand 1, Nigeria 6, Norway 66, Pakistan 1, Peru 13, Philippines 15, Poland 19, Portugal 8, Romania 13, Russia 4, Saudi Arabia 4, Singapore 54, South Africa 3, South Korea 292, Spain 41, Sri Lanka 1, Sudan 1, Sweden 4, Switzerland 188, Syria 7, Taiwan 301, Thailand 10, Trinidad & Tobago 1, Tunisia 1, Turkey 18, Ukraine 9, UAE 83, United Kingdom 29, United States 88, Venezuela 20, Vietnam 2, Yemen 1) (2005)
Military expenditures - dollar figure	-	$147 million (2004)
Military expenditures - percent of GDP	1% (2006)	1.1% (2004)
Net migration rate	-0.37 migrant(s)/1,000 population (2007 est.)	-0.86 migrant(s)/1,000 population (2005 est.)
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 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]
Population	3,242,173 (July 2007 est.)	3,039,150 (July 2005 est.)
Population growth rate	1.564% (2007 est.)	1.26% (2005 est.)
Ports and harbors	-	Balboa, Colon, Cristobal
Railways	total: 355 km standard gauge: 77 km 1.435-m gauge narrow gauge: 278 km 0.914-m gauge (2006)	total: 355 km standard gauge: 76 km 1.435-m gauge narrow gauge: 279 km 0.914-m gauge (2004)
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: 1.04 male(s)/female under 15 years: 1.04 male(s)/female 15-64 years: 1.03 male(s)/female 65 years and over: 0.89 male(s)/female total population: 1.02 male(s)/female (2005 est.)
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: 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	432,900 (2006)	386,900 (2002)
Telephones - mobile cellular	1.694 million (2005)	834,000 (2003)
Total fertility rate	2.66 children born/woman (2007 est.)	2.45 children born/woman (2005 est.)
Unemployment rate	7.2% (2007 est.)	12.6% (2004 est.)
Waterways	800 km (includes 82 km Panama Canal) (2007)	800 km (includes 82 km Panama Canal) (2004)

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