With GDP growth forecast at 7% in 2015, why is a spurt expected after the slowdown in 2014?
Interviews & Viewpoints | Dulcidio De La Guardia, Minister of Economy and Finance: Interview from The Report: Panama 2015
Interviews & Viewpoints | Erick Campos, Managing Director, Fitch Central America: Interview from The Report: Panama 2015
Articles & Analysis | More skilled workers are needed in Panama from The Report: Panama 2015
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...
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...