Unemployment in Panama
Panama - UnemploymentEconomic growth ebbed slightly in the third quarter, according to recently released data, marking the slowest rate of growth in nearly a decade. A weaker contribution from the services sector, which recorded the weakest reading in over three years, drove the slowdown and outweighed solid expansions in both the primary and industrial sectors. A strong contribution from the mining sector, following higher-than-expected output from the Cobre Panama mine, boosted the industrial sector. Turning to the fourth quarter, available signs suggest economic activity remained muted: The IMAE reading for October showed lower levels of economic activity growth than in the month prior. Meanwhile, in January, the Panama Canal Authority announced restrictions on the number of vessels passing through each day in response to drought, which could limit port revenue somewhat.
Panama - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Panama Unemployment Chart
Source: General Controllership of the Republic of Panama.
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February 14, 2020
Consumer prices rose 0.1% in January on a month-on-month basis, following a 0.2% decline in December.
January 21, 2020
The monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) grew 3.6% year-on-year in November, accelerating from the 3.4% expansion recorded in October.
January 15, 2020
Consumer prices dropped 0.2% in December on a month-on-month basis, following a flat reading in November.
December 20, 2019
The monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) grew 3.4% year-on-year in October, slowing from the 4.0% expansion in September.
December 16, 2019
Economic growth decelerated to 2.7% in annual terms in the third quarter, down from 2.9% in Q2 and marking the worst performance since Q4 2009. The slowdown was mainly attributed to a weaker services sector (Q3: +2.8% year-on-year; Q2: +3.3% yoy), which was weighed on by a contraction in real estate activities and the hotels and restaurants sector.