B.2 Socioeconomic Conditions
The Study on Solid Waste Management Plan for JICA Municipality of Panama in the Republic of Panama KOKUSAI KOGYO CO., LTD. B.2 Socioeconomic Conditions B.2.1 Macro-economy of the Country a. Economically Active Population (EAP) The Census of 2000 indicated a total population of 2,839,177 in the country, of which 1,161,612 as economically active population (EAP). The corresponding figures for Panama District were a total population of 708,438 and an EAP of 326,561. Table B-2: Economically Active Population (EAP) Population Country Panama District Total 2,839,177 708,438 Over 10 years old 2,216,191 578,700 EAP 1,161,612 326,561 Employed 1,010,837 282,601 Unemployed 150,775 43,960 Unemployment rate 13.0% 13.5% Source: Censos Nacionales de Poblacion y Vivienda, 14 de mayo de 2000, Direccion de Estadistica y Censo, Panama The economic slowdown of the past three years was reflected in the worsening unemployment, which was estimated at 11.5% in 1999, 13% in 2000 and 14% in 2001. Unofficial estimates place unemployment rate in 2002 at 17%. A decisive factor in rising unemployment was declining sales, sometimes followed by bankruptcy, a situation aggravated by the increase in minimum wage that took effect in 2000. Declining sales strongly affect the economy, as Commerce is the largest single component of GDP, with around 20%. b. Gross Domestic Product (GDP) During the 1995-1999 five-year period, total GDP of Panama measured in 1982 Balboa grew 2.92% per year from 6,198 Million Balboa in 1995 to 7,157.7 Million Balboa in 1999.
[Show full text]