Panama Labour Productivity Growth

1992 - 2022 | Yearly | % | CEIC Data

Key information about Panama Labour Productivity Growth

  • Panama Labour Productivity dropped by 4.70 % YoY in Dec 2022, compared with a growth of 6.71 % in the previous year
  • Panama Labour Productivity Growth data is updated yearly, available from Dec 1992 to Dec 2022, averaging at 3.48 %
  • The data reached an all-time high of 9.70 % in Dec 2007 and a record low of -7.72 % in Dec 2020

CEIC calculates Labour Productivity Growth from annual GDP per person employed. The World Bank provides annual GDP per person employed in International dollars. Purchasing power parity (PPP) GDP is used which is GDP converted to 2017 constant international dollars using PPP rates

View Panama's Labour Productivity Growth from 1992 to 2022 in the chart:

Panama Labour Productivity Growth

What was Panama's Labour Productivity Growth in 2022?

Panama Labour Productivity dropped by 4.70 % YoY in Dec 2022, compared with a growth of 6.71 % in the previous year See the table below for more data.

Last Previous Min Max Unit Frequency Range
4.70 2022 6.71 2021 -7.72 2020 9.70 2007 % yearly 1992 - 2022

Labour Productivity Growth by Country Comparison

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Includes Labour Productivity Growth on 116 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) -1.57 Mar 2023 quarterly Mar 2010 - Mar 2023
Algeria (%) -0.20 2022 yearly 1992 - 2022
Argentina (%) -3.50 2022 yearly 1992 - 2022
Armenia (%) 6.23 Mar 2023 quarterly Mar 2009 - Mar 2023
Australia (%) -0.90 Jun 2023 quarterly Jun 1979 - Jun 2023
Austria (%) -2.00 Jun 2023 quarterly Mar 2005 - Jun 2023
Azerbaijan (%) -1.17 Mar 2023 quarterly Mar 2009 - Mar 2023
Bahrain (%) -4.00 Dec 2022 quarterly Mar 2009 - Dec 2022
Bangladesh (%) 3.92 2022 yearly 1992 - 2022
Belarus (%) -4.94 Dec 2022 quarterly Mar 2006 - Dec 2022
Belgium (%) 0.41 Jun 2023 quarterly Mar 2000 - Jun 2023
Bolivia (%) -0.76 2022 yearly 2000 - 2022
Bosnia and Herzegovina (%) 2.91 2022 yearly 2007 - 2022
Botswana (%) 2.41 Dec 2021 quarterly Sep 2008 - Dec 2021
Brazil (%) -4.18 2022 yearly 1992 - 2022
Brunei (%) -0.76 2022 yearly 1992 - 2022
Bulgaria (%) 1.72 Jun 2023 quarterly Mar 2001 - Jun 2023
Cambodia (%) 1.17 2021 yearly 2008 - 2021
Canada (%) -0.97 Jun 2023 quarterly Mar 1977 - Jun 2023
Chile (%) -3.10 Jun 2023 quarterly Mar 1987 - Jun 2023
China (%) 4.82 2022 yearly 1953 - 2022
Colombia (%) -2.89 Jun 2023 quarterly Mar 2002 - Jun 2023
Croatia (%) 9.85 Mar 2023 quarterly Mar 2008 - Mar 2023
Cyprus (%) -0.05 Mar 2023 quarterly Jun 2005 - Mar 2023
Czech Republic (%) -1.25 Mar 2023 quarterly Mar 1997 - Mar 2023
Denmark (%) -0.11 Jun 2023 quarterly Mar 1991 - Jun 2023
Ecuador (%) 0.87 2022 yearly 1992 - 2022
Egypt (%) 1.34 Dec 2022 quarterly Mar 2004 - Dec 2022
Estonia (%) -7.86 Mar 2023 quarterly Mar 1996 - Mar 2023
European Union (%) -0.31 Mar 2023 quarterly Mar 2006 - Mar 2023
Finland (%) -1.39 Jun 2023 quarterly Mar 1991 - Jun 2023
France (%) -0.19 2022 yearly 1979 - 2022
Georgia (%) 4.42 2022 yearly 1997 - 2022
Germany (%) -1.35 Jun 2023 quarterly Mar 1992 - Jun 2023
Ghana (%) 0.41 2022 yearly 1992 - 2022
Greece (%) 1.63 Jun 2023 quarterly Mar 1996 - Jun 2023
Hong Kong SAR, China (%) 1.51 Mar 2023 quarterly Dec 1982 - Mar 2023
Hungary (%) -1.40 Mar 2023 quarterly Mar 1999 - Mar 2023
Iceland (%) -0.87 Jun 2023 quarterly Mar 2004 - Jun 2023
India (%) 2.53 2022 yearly 1992 - 2022
Indonesia (%) 2.00 2022 yearly 2001 - 2022
Iran (%) 0.24 2022 yearly 1992 - 2022
Ireland (%) -4.12 Mar 2023 quarterly Mar 1999 - Mar 2023
Israel (%) -0.67 Jun 2023 quarterly Mar 2013 - Jun 2023
Italy (%) -0.86 Jun 2023 quarterly Mar 1997 - Jun 2023
Ivory Coast (%) 2.28 2022 yearly 1992 - 2022
Japan (%) 1.28 Jun 2023 quarterly Mar 1995 - Jun 2023
Jordan (%) -2.32 2020 yearly 2001 - 2020
Kazakhstan (%) 3.74 Dec 2022 quarterly Mar 2002 - Dec 2022
Kenya (%) -2.44 2021 yearly 2011 - 2021
South Korea (%) -0.33 Jun 2023 quarterly Sep 1983 - Jun 2023
Kosovo (%) 0.99 Dec 2022 quarterly Mar 2017 - Dec 2022
Kuwait (%) 1.29 2018 yearly 1993 - 2018
Kyrgyzstan (%) 4.55 2022 yearly 1993 - 2022
Laos (%) 0.54 2021 yearly 1992 - 2021
Latvia (%) -0.79 Jun 2023 quarterly Mar 2003 - Jun 2023
Lebanon (%) -9.35 2021 yearly 1992 - 2021
Lithuania (%) 0.63 Jun 2023 quarterly Mar 1996 - Jun 2023
Luxembourg (%) -4.14 Jun 2023 quarterly Mar 1996 - Jun 2023
Macau SAR, China (%) 119.18 Jun 2023 quarterly Mar 2002 - Jun 2023
North Macedonia (%) 3.37 Mar 2023 quarterly Mar 2005 - Mar 2023
Malawi (%) -2.62 2022 yearly 1992 - 2022
Malaysia (%) 0.02 Jun 2023 quarterly Mar 2001 - Jun 2023
Malta (%) -1.02 Jun 2023 quarterly Dec 2001 - Jun 2023
Mauritius (%) 3.28 Dec 2022 quarterly Mar 2005 - Dec 2022
Mexico (%) 1.64 Jun 2023 quarterly Jun 1996 - Jun 2023
Moldova (%) -12.20 Dec 2022 quarterly Mar 2001 - Dec 2022
Mongolia (%) 5.86 Jun 2023 quarterly Sep 2007 - Jun 2023
Montenegro (%) -6.91 Dec 2022 quarterly Mar 2011 - Dec 2022
Morocco (%) 5.72 2021 yearly 2000 - 2021
Mozambique (%) 0.59 2022 yearly 1992 - 2022
Myanmar (%) 63.00 2021 yearly 1992 - 2021
Nepal (%) 0.19 2021 yearly 1992 - 2021
Netherlands (%) -1.86 Jun 2023 quarterly Mar 1996 - Jun 2023
New Zealand (%) -1.17 Mar 2023 quarterly Jun 1988 - Mar 2023
Nigeria (%) 1.14 Sep 2018 quarterly Mar 2013 - Sep 2018
Norway (%) -0.91 Jun 2023 quarterly Mar 1996 - Jun 2023
Oman (%) -10.26 2022 yearly 1999 - 2022
Pakistan (%) -1.23 2019 yearly 2001 - 2019
Palestinian Territory (%) -0.30 Mar 2023 quarterly Dec 2009 - Mar 2023
Panama (%) 4.70 2022 yearly 1992 - 2022
Paraguay (%) 1.37 Dec 2022 quarterly Mar 2018 - Dec 2022
Peru (%) -1.00 2022 yearly 2002 - 2022
Philippines (%) 2.27 2022 yearly 1992 - 2022
Poland (%) -1.76 Jun 2023 quarterly Dec 1999 - Jun 2023
Portugal (%) 0.25 Jun 2023 quarterly Mar 1996 - Jun 2023
Qatar (%) -0.98 2019 yearly 2012 - 2019
Romania (%) 3.65 Mar 2023 quarterly Mar 1996 - Mar 2023
Russia (%) -3.61 Mar 2023 quarterly Mar 1996 - Mar 2023
Saudi Arabia (%) -3.88 2022 yearly 1971 - 2022
Serbia (%) 4.38 Jun 2023 quarterly Mar 2015 - Jun 2023
Singapore (%) -4.90 Jun 2023 quarterly Mar 1986 - Jun 2023
Slovakia (%) 1.29 Jun 2023 quarterly Mar 1996 - Jun 2023
Slovenia (%) 0.24 Jun 2023 quarterly Mar 1996 - Jun 2023
South Africa (%) -3.26 Jun 2023 quarterly Mar 2009 - Jun 2023
Spain (%) 2.02 Mar 2023 quarterly Mar 1996 - Mar 2023
Sri Lanka (%) -9.48 Mar 2023 quarterly Jun 2013 - Mar 2023
Sudan (%) 3.26 2010 yearly 1996 - 2010
Sweden (%) -3.06 Jun 2023 quarterly Mar 1994 - Jun 2023
Switzerland (%) -2.90 Jun 2023 quarterly Mar 2011 - Jun 2023

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Panama Key Series

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Includes 165 key indicators for Panama, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -3.9 2022 yearly 2003 - 2022
Consolidated Fiscal Balance (USD mn) -3,005.500 2022 yearly 2003 - 2022
Tax Revenue (USD mn) 353.510 May 2023 monthly Jan 1995 - May 2023
Tax Revenue: % of GDP (%) 6.9 Sep 2022 quarterly Mar 2007 - Sep 2022
National Government Debt (USD mn) 46,720.4 Jul 2023 monthly Jul 2004 - Jul 2023
Government Debt: % of GDP (%) 62.3 Sep 2022 quarterly Dec 2007 - Sep 2022
Forecast: Government Expenditure (PAB bn) 23.051 2028 yearly 1994 - 2028
Forecast: Government Net Debt (PAB bn) 52.276 2028 yearly 1994 - 2028
Forecast: Government Revenue (PAB bn) 21.453 2028 yearly 1994 - 2028
Central Government Revenue: Current Revenue: Tax (PAB th) 353,510.462 May 2023 monthly Jan 1995 - May 2023
Central Government Revenue: Current Revenue (PAB th) 478,243.457 May 2023 monthly Jan 1995 - May 2023
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 168,443.301 May 2023 monthly Jan 1995 - May 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 7.314 2028 yearly 1980 - 2028
Trade Balance (USD mn) -1,048.4 May 2023 monthly Jan 1964 - May 2023
Total Exports (USD mn) 145.2 Feb 2023 monthly Jan 2000 - Feb 2023
Total Exports Growth (%) -12.3 Jun 2023 monthly Jan 2001 - Jun 2023
Aluminum: Exports (USD th) 5,167.980 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 807,995.942 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 145,164.399 2022 yearly 1995 - 2022
Total Imports (USD mn) 1,358.3 May 2023 monthly Jan 2000 - May 2023
Total Imports Growth (%) 4.5 May 2023 monthly Jan 2001 - May 2023
Imports: Medicament (USD th) 1,054,288.448 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 448,064.045 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 9.420 May 2023 monthly Jan 1970 - May 2023
Total Imports from USA (USD mn) 247.363 May 2023 monthly Jan 1967 - May 2023
Total Exports to China (USD mn) 1,072.958 2021 yearly 1999 - 2021
Total Imports from China (USD mn) 168.995 May 2023 monthly Mar 1989 - May 2023
Exports: FOB: Prawn (PAB th) 4,930.818 Jun 2023 monthly Jan 2000 - Jun 2023
Exports: FOB: Banana (PAB th) 12,254.483 Jun 2023 monthly Jan 2000 - Jun 2023
Exports: FOB: Seafood Products (PAB th) 6,513.021 Jun 2023 monthly Jan 2002 - Jun 2023
Exports: FOB (PAB th) 343,442.332 Jun 2023 monthly Jan 2000 - Jun 2023
Exports: FOB: Waste & Scrap of Steel, Copper & Aluminum (PAB th) 6,147.94 Apr 2018 monthly Jan 2017 - Apr 2018
Exports: FOB: Raw Wood (PAB th) 7,428.13 Apr 2018 monthly Jan 2017 - Apr 2018
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -2.6 Dec 2022 quarterly Mar 2013 - Dec 2022
Current Account Balance (USD mn) -2,979.5 Sep 2022 quarterly Mar 1998 - Sep 2022
Current Account Balance: % of GDP (%) -16.7 Sep 2022 quarterly Mar 2007 - Sep 2022
Foreign Direct Investment (USD mn) 578.7 Dec 2022 quarterly Mar 1998 - Dec 2022
Foreign Direct Investment: % of GDP (%) 3.9 Sep 2022 quarterly Mar 2007 - Sep 2022
Foreign Portfolio Investment (USD mn) 968.070 Dec 2022 quarterly Mar 2013 - Dec 2022
Foreign Portfolio Investment: % of GDP (%) -0.0 Sep 2022 quarterly Mar 2007 - Sep 2022
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Sep 2022 quarterly Mar 2013 - Sep 2022
Foreign Portfolio Investment: Debt Securities (USD mn) 968.070 Dec 2022 quarterly Mar 2013 - Dec 2022
External Debt (USD mn) 38,646.0 Jul 2023 monthly Jul 2004 - Jul 2023
External Debt: % of GDP (%) 167.4 2021 yearly 2014 - 2021
External Debt: Short Term (USD mn) 39,768.7 Dec 2021 quarterly Sep 2014 - Dec 2021
External Debt: Short Term: % of GDP (%) 59.0 2021 yearly 1970 - 2021
Forecast: Current Account Balance (USD bn) -2.743 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) -72,476.053 Sep 2022 quarterly Mar 2002 - Sep 2022
BoP: Net Errors and Omissions (PAB mn) -1,339.033 Dec 2022 quarterly Mar 2013 - Dec 2022
Balance of Payment (BoP): Current Account (CA) (PAB mn) 454.311 Dec 2022 quarterly Mar 2013 - Dec 2022
BoP: CA: Goods (PAB mn) -2,408.674 Dec 2022 quarterly Mar 2013 - Dec 2022
BoP: CA: Goods: Credit (PAB mn) 4,654.744 Dec 2022 quarterly Mar 2013 - Dec 2022
BoP: CA: Goods: Debit (PAB mn) -7,063.418 Dec 2022 quarterly Mar 2013 - Dec 2022
BoP: CA: Services (PAB mn) 3,171.950 Dec 2022 quarterly Mar 2013 - Dec 2022
BoP: CA: Services: Credit (PAB mn) 4,462.109 Dec 2022 quarterly Mar 2013 - Dec 2022
BoP: CA: Services: Debit (PAB mn) -1,290.158 Dec 2022 quarterly Mar 2013 - Dec 2022
BoP: CA: Income (PAB mn) -287.914 Dec 2022 quarterly Mar 2013 - Dec 2022
BoP: CA: Income: Credit (PAB mn) 689.499 Dec 2022 quarterly Mar 2013 - Dec 2022
BoP: CA: Income: Debit (PAB mn) -977.413 Dec 2022 quarterly Mar 2013 - Dec 2022
BoP: Capital Account (PAB mn) 2.015 Dec 2022 quarterly Mar 2013 - Dec 2022
BoP: Capital Account: Credit (PAB mn) 2.015 Dec 2022 quarterly Mar 2013 - Dec 2022
BoP: Capital Account: Debit (PAB mn) 0.000 Dec 2022 quarterly Mar 2013 - Dec 2022
BoP: Financing: Reserve Assets (PAB mn) -444.696 Dec 2022 quarterly Mar 2013 - Dec 2022
BoP: Financial Account (FA) (PAB mn) 1,727.641 Dec 2022 quarterly Mar 2013 - Dec 2022
BoP: FA: Direct Investment (PAB mn) 581.314 Dec 2022 quarterly Mar 2013 - Dec 2022
BoP: FA: Portfolio Investment: Assets (PAB mn) 1,688.657 Dec 2022 quarterly Mar 2013 - Dec 2022
BoP: FA: Portfolio Investment: Liabilities (PAB mn) 968.070 Dec 2022 quarterly Mar 2013 - Dec 2022
International Investment Position (IIP) (USD mn) -70,557.258 Dec 2022 quarterly Mar 2015 - Dec 2022
IIP: Liabilities (USD mn) 166,371.605 Dec 2022 quarterly Mar 2015 - Dec 2022
IIP: Assets (USD mn) 95,814.347 Dec 2022 quarterly Mar 2015 - Dec 2022
Foreign Direct Investment (FDI) (PAB mn) 578.707 Dec 2022 quarterly Mar 2013 - Dec 2022
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.6 Jul 2023 monthly Dec 2008 - Jul 2023
Household Debt: % of GDP (%) 42.6 Sep 2022 quarterly Dec 2007 - Sep 2022
Non-Performing Loans (USD mn) 1,401.997 Jul 2023 monthly Dec 2008 - Jul 2023
Money Supply M1 (USD mn) 8,920.760 Jun 2023 monthly Dec 2002 - Jun 2023
Money Supply M2 (USD mn) 37,941.910 Jun 2023 monthly Dec 2002 - Jun 2023
M2 Growth (%) -1.8 Jun 2023 monthly Dec 2003 - Jun 2023
Foreign Exchange Reserves (USD mn) 5,182.9 Jul 2023 monthly Oct 1969 - Jul 2023
Foreign Exchange Reserves: % of GDP (%) 8.199 Sep 2022 quarterly Dec 2007 - Sep 2022
Foreign Exchange Reserves: Months of Import (NA) 4.3 May 2023 monthly Jan 2000 - May 2023
Gold Reserves (USD mn) 0.000 Jul 2023 monthly Sep 1969 - Jul 2023
Total Deposits (USD mn) 101,649.481 Jul 2023 monthly Dec 1998 - Jul 2023
Total Deposits Growth (%) 4.5 Jul 2023 monthly Dec 1999 - Jul 2023
Domestic Credit (USD mn) 59,783.8 Jul 2023 monthly Dec 2001 - Jul 2023
Domestic Credit Growth (%) 5.2 Jul 2023 monthly Dec 2002 - Jul 2023
Household Debt (USD mn) 31,050.8 Jul 2023 monthly Oct 2005 - Jul 2023
Total Loans (USD mn) 88,048.156 Jul 2023 monthly Dec 1998 - Jul 2023
Total Loans Growth (%) 5.85 Jul 2023 monthly Dec 1999 - Jul 2023
Private Debt: % of Nominal GDP (%) 78.23 Sep 2022 quarterly Dec 2007 - Sep 2022
Money Supply: M3 (PAB mn) 37,941.910 Jun 2023 monthly Dec 2002 - Jun 2023

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