Unemployment in Panama

Panama Unemployment | Economic News & Forecasts

Panama - Unemployment

Economic activity likely remained feeble in the second quarter, following the weakest growth print in over seven years in the first quarter. In Q2 the monthly indicator for average economic activity (IMAE, Índice Mensual de Actividad Económica) was even lower than the bleak results logged in the first quarter, largely due to a month-long union strike in the construction sector in May, which ground the industry to a halt. Data regarding the all-important maritime transport sector has also been mixed. In January to July, freight volume in the Panama Canal increased at a much slower pace than the double-digit growth recorded in 2017, while tonnage passing through the country’s ports decreased.

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 %Sep 20

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