Unemployment in Panama

Panama Unemployment | Economic News & Forecasts

Panama - Unemployment

Comprehensive data confirmed that the Panamanian economy shifted into a lower gear in Q1, with growth slowing to an over seven-year low. The print was dragged down by sluggish growth in the construction sector and in trade-related sectors such as ports. Economic growth in the second quarter is expected to have remained constrained due to a month-long labor union strike that ended on 18 May and brought the country’s construction sector to a grinding halt. Despite challenging economic conditions, S&P Global Ratings upgraded Panama’s outlook from stable to positive and left the country’s credit rating unchanged at BBB on 2 July. The credit rating agency applauded the government’s prudent fiscal management, as well as efforts to improve transparency in the country’s financial 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 Market4840.0 %Jul 13

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