Unemployment in Panama

Panama Unemployment | Economic News & Forecasts

Panama - Unemployment

The economy modestly accelerated in the third quarter from the second quarter’s dismal performance, halting three consecutive quarterly slowdowns. The print was largely led by the service sector—particularly dynamic trade flows buttressing activity in the Panama Canal and the Colón Free Trade Zone—as well as by a recovery of construction activity after a strike-driven slump in Q2. Moreover, FDI inflows increased nearly a tenth year-on-year in January-September. Nevertheless, growth remained feeble in the quarter compared to past years. Turning to the fourth quarter, construction growth likely continued to pick up as the government boosted its infrastructure development efforts. In less positive news, early data suggests growth momentum might have remained modest in the last quarter, as signaled by a subdued economic activity indicator in October. On 12 December, the IMF completed its Article IV consultation with Panama, praising the government’s commitment to prudent fiscal management and encouraging further improvements on tax transparency.

Panama - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate4.1  4.8  5.1  5.5  6.1  

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Panama Unemployment Chart


Panama Unemployment
Note: Unemployment in % of active population.
Source: General Controllership of the Republic of Panama.

Panama Facts

ValueChangeDate
Stock Market4420.0 %Jan 30

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