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| • View Country Profile | • View Laboral Profile | |||
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| Oficial Name | Republic of Panama |
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| Superficie | 78.200 km2 | |
| Weather | Tropical, humid and hot. Rainy season (May -January) and dry season (from January to May). | |
| Geography |
In Central America, bordering the Caribbean Sea and the Pacific Ocean, between Colombia and Costa Rica. |
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| Capital City | Panama | |
| Coin | Balboa | |
| Population |
2.808.268 (July 2000
approx.) |
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| Demographic Growth | 1.34% (2000 approx.) | |
| Religion |
Catholic
85%
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| Percentage of People Instruction | 90.8% | |
| Type of goverment | Constitutional Democracy | |
| President | Mireya Elisa Moscoso (since September 01st, 1999) | |
| Organization |
Executive Power: Legislative Power: Unicameral Legislative Assembly of 72 members elected through popular vote for a period of seven years. Judicial Power: Supreme Court of Justice integrated by 9 judges appointed for a period of ten years. Five Superior Courts and three Appeal Courts. |
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| Administrative division | 9 provinces and 2 districts. | |
| National Day | November 03rd, 1903 Day of the Independence | |
| Constitution | October 11th, 1972. Modified in April, 1983 and 1994. | |
| Political Parties | Arnulfista Party
(PA) Christian Democratic Party (PDC) Cambio Democrático |
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| Natural Resources | Oil, silver, gold, cooper, zinc, natural gas, wood. | |
| Agriculture | Bananas, rice, corn, coffee, sugar cane, vegetables, meat, shrimps. | |
| Industries | Construction, beer, cement and construction materials, oil refinement. | |
| Phone Lines | 325.300 (1998) | |
| Internet Service Providers | 3 (1999) | |
| TV stations | 9 | |
| Railways | 355 km | |
| Roads | 11.258 km | |
| Boards | Balboa, Cristóbal, Coco Solo, Manzanillo, Vacamonte. | |
| International Airports | Tocumen International Airport (City of Panama) | |
| Menú | |
| • Laws that govern the labor market | • Minimum Monthly |
| • Taxes | • Cost of the basic monthly basket |
| • Work Days and Holidays | • Sectors with the larger demand for Workers / Industry |
| • Social Security and Vacations | • Habits and Customs |
| • Active labor force | • Some Macro Economic Indicators |
| • Unemployment | |
| Laws that govern the labor market |
A
Labor Law and the 100 Law of 1993 govern the work system; the 100 Law
governs the social security and pensions systems. The aforesaid applies
mainly to employees of the private sector who sign work contracts.
Employees of the public sector have a special legislation for each
sector. There
are official employees and public servants.
Those who belong to the private sector but offer public services
are treated as public servants. |
| Taxes |
Income
Tax Health System*: 4% Pensions Fund: 3,37% for less than 4 minimum salaries National Solidarity Fund (of 4 minimum salaries on): 1% *Every citizen must be affiliated to a Health Promoting Firm |
| Work Days and Holidays |
The workweek is 48 hours long, made up of 8-hour days, from Monday to Saturday. Overtime is paid extra.
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| Social Security and Vacations |
Vacations (from the 6th month on) |
| Active labor force/ Total Population (1994 figures)
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Total Population 33,109,840 Economically Active Population 78,3% Working Population 11,125,000 |
| Unemployment |
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| Minimum Monthly Salary (August 2000) |
Minimum Income - (US$ 118) $260,100 Colombian pesos |
| Cost of the basic monthly basket | Per person (US$ 118) $260,000 Colombian pesos |
| Sectors with the larger demand for Workers / Industry | In the 7 most important metropolitan areas, the sectors with the largest employment offer are services industires, commerce and industry (national survey of homes of the National Department of Surveys). The largest number of employed are in the areas of financial services 9,4%, the transport area, around 7,2, and in construction 5,0. Even though in Colombia the sector with the most employment is the agricultural/livestock, the displaced population of the countryside has increased its job demand in the manufacturing sector and in informal commerce. The principal industries of the country are in the following areas: textiles, petroleum, food, footwear and clothing, drinks, chemicals, cement, gold, carbon and emeralds. |
| Habits and Customs |
Most of the entrepreneur and labor life in Colombia is reflected in its TV soap operas. Café, Las Ejecutivas, Vuelo Secreto, Perro Amor and at present Yo soy Betty, la Fea; these are caricaturized examples of life in a company. The Colombian women are excellent workers and it is not uncommon to find them as secretaries, messengers, top executives, and cashiers in banks and as company managers. This means that the home is somehow present at work. |
| Some Macro Economic Indicators |
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Sara Araújo
(Conteni2digitales.com) |