Unemployment in Panama
Panama - UnemploymentComprehensive 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
5 years of economic forecasts for more than 30 economic indicators.
Panama Unemployment Chart
Source: General Controllership of the Republic of Panama.
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June 19, 2018
The monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) showed an acceleration in year-on-year growth, from March’s almost three-year low of 2.9% to 4.6% in April.
June 18, 2018
According to data released by the National Comptroller’s Office (Contraloría General de la República), the economy lost steam in the first quarter of 2018.
June 13, 2018
Consumer prices were flat in May, contrasting the 0.19% increase observed in April.
May 14, 2018
Consumer prices rose 0.19% month-on-month in April, coming in above the 0.11% increase observed in March.
April 20, 2018
The monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica) slowed in year-on-year terms from January’s five-month high of 4.6% to 3.1% in February.