Unemployment in Panama

Panama Unemployment | Economic News & Forecasts

Panama - Unemployment

The economy appears to have regained some steam in the third quarter, after wage strikes in the construction sector in April-May dragged down GDP growth to an eight-and-a-half year low in Q2. Although the monthly economic activity indicator (IMAE, Índice Mensual de Actividad Económica) was still weak in July, it improved markedly in August. Furthermore, freight data for the Panama Canal shows strong year-on-year growth in July and August, though September logged a decline due to a high-base effect. Meanwhile, on 31 October the parliament approved an expansionary budget for 2019, including USD 9 billion dedicated to investment projects.

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

Stock Market4620.0 %Nov 15

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