According to the 2007 census, it has a population of 40,810 people.

The small town of Caramoan is located at the tip of Caramoan Peninsula, a rugged place of land extending into the waters of the Maqueda Channel on the North and East and Lagonoy Gulf on the South.

Prior to the arrival of the Spaniards, it was determined that the place was once called Guta de Leche, which was given by Dutch traders who operated a gold mine in Lahuy Island and who frequented the area to trade with the natives. The name was perhaps derived from the milkdrop stalagmites found among the rocks of Guta Port. Upon the arrival of the Spaniards, the place came to be called "Carahan" for the sea turtle, which was at that time to be found in great number along the shores of the Peninsula.

Source:

Wikipedia.org