Unemployment in Panama
Panama - UnemploymentThe economy likely remained downbeat in Q3 on lingering domestic Covid-19 restrictions. Activity in the Panama Canal was down in the third quarter, which highlights that weak international trade continued to batter the important transport sector, albeit to a lesser extent when compared to Q2. Moreover, a raft of domestic indicators paint a similar picture: Fuel sales, cement sales and new car registrations were all down markedly in annual terms in Q3—although again to a lesser extent than in Q2—suggesting depressed domestic travel, construction activity and private consumption, respectively. Similarly, merchandise exports were down sharply in July–August. In other news, the government lifted some restrictions on 25 October, including reopening beaches and ending the Sunday quarantine. The move came after international travel resumed on 12 October and gender-based mobility restrictions ended in September, and should further support the recovery in Q4.
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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May 27, 2021
Economic activity decreased 6.0% year-on-year in March, up from February’s 9.7% decline, as activity likely benefited from the lifting of weekend curfews in several regions and the reopening of some leisure activities on 6 March.
May 14, 2021
Consumer prices increased 0.12% over the previous month in April, slowing down from March's 0.43% increase.
April 21, 2021
Economic activity decreased 9.7% in year-on-year terms in February, which was markedly softer than January's 14.6% decrease.
April 15, 2021
Consumer prices increased 0.43% over the previous month in March, slowing down from February's 0.58% increase.
April 1, 2021
Consumer prices rose 0.60% in February over the previous month, picking up from the 0.31% increase seen in January.