Panama Population Growth Rate PANPOPGR Economic
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What is Panama Population Growth Rate?
The Panama Population Growth Rate (PANPOPGR) measures the percentage change in Panama's total population over a specific period, usually one year. This indicator is crucial for economists and policymakers as it reflects demographic shifts that profoundly impact economic activity. A rising growth rate can signal increasing labor supply, higher consumer demand, and potential strain on public services and infrastructure. Conversely, a declining rate may suggest an aging population, a shrinking workforce, and potentially slower economic expansion. PANPOPGR is calculated by taking the difference between the population at the end of a period and the population at the beginning, then dividing by the initial population and multiplying by 100. It accounts for births, deaths, and net migration. Sustained increases in the growth rate often correlate with periods of economic prosperity, attracting both domestic and international investment. Conversely, a significant slowdown or contraction in population growth can indicate economic challenges, emigration, or a decrease in birth rates, prompting policy considerations regarding labor market policies, social security, and long-term development planning.
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