Unemployment in Panama

Panama Unemployment | Economic News & Forecasts

Panama - Unemployment

Economic 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

2014   2015   2016   2017   2018  
Unemployment Rate4.8  5.1  5.5  6.1  6.0  

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Panama Unemployment Chart

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

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