Unemployment in Panama

Panama Unemployment | Economic News & Forecasts

Panama - Unemployment

The economy continued to recover in the fourth quarter, gaining steam thanks largely to a ramp-up of activity in the construction sector, but nevertheless bringing to a close an overall subdued annual performance in 2018. Indeed, although the mining and financial services sectors also performed quite well and construction activity benefited from the government’s public infrastructure push in the quarter, a slowdown in trade and shipping—the country’s core growth engine—weighed heavily on the Q4 print. Looking at Q1, although no hard data is available yet, the narrative is likely to be similar: Infrastructure spending is set to pick up, while construction should power the economy again. Growth in mining should also accelerate following the start of operations at the Cobre Panama mine in mid-February. However, signs of a slowdown in China, Europe and the U.S. could bode ill for the trade sector.

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 Market4110.0 %Mar 20

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