The overall unemployment rate in Panama increased from 4.1% in 2013 to 4.8% in 2014. This included 3.5% (or 61,616 people) who were openly unemployed and an additional 1.4% (or 24,289 people) assessed as being in the “hidden unemployed”, according to figures published by the National Statistics Agency. Nearly two-thirds of the absolute increase in the number of jobless...
The Americas Economy
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Articles & Analysis | More skilled workers are needed in Panama from The Report: Panama 2015
Articles & Analysis | Despite fiscal slippage Panama is on a firm footing from The Report: Panama 2015
Panama is a small and open economy in which investment is normally well in excess of savings. In 2014 the current account deficit amounted to some $5.3bn, or 12% of GDP, according to the IMF.
Articles & Analysis | Despite Panama's current account deficit, the economy seeing solid expansion from The Report: Panama 2015
Diversified across various sectors, over recent years Panama’s economy has been notable for its resilience in face of problems in key trading partners such as Venezuela and comparatively rapid growth in a regional context. In 2014 Panama’s GDP was $43.8bn, while its per capita income reached $11,147, according to the IMF. Panama’s real GDP expanded by 7.8% annually over...
Interviews & Viewpoints | Melitón Arrocha, Minister of Commerce and Industry: Interview from The Report: Panama 2015
This chapter contains information on hotels, government agencies and other listings, as well as useful tips for visitors on a range of topics such as visa requirements, currency and communications.
Chapter | Capital Markets from The Report: Panama 2015
Panama’s capital markets are highly internationalised, with the financial stability of a dollarised economy helping attract global firms looking to expand their Latin American footprint. Though the country has already established itself as a regional banking hub, Panama’s non-bank financial sector still has room to grow. While insurance sector assets nearly tripled in the decade to 2013, from...