Panama Labour Productivity Growth

1992 - 2020 | Yearly | % | CEIC Data

Key information about Panama Labour Productivity Growth

  • Panama Labour Productivity improved by 0.50 % YoY in Dec 2020, compared with a drop of 0.59 % in the previous year
  • Panama Labour Productivity Growth data is updated yearly, available from Dec 1992 to Dec 2020, averaging at 2.87 %
  • The data reached an all-time high of 9.80 % in Dec 2007 and a record low of -2.67 % in Dec 1995

CEIC calculates Labour Productivity Growth from annual GDP per person employed. The World Bank provides 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.


Further information about Panama Labour Productivity Growth

  • In the latest reports, Panama Population reached 4.34 Person mn in Jun 2021
  • Its Unemployment Rate increased to 11.30 % in Aug 2021
  • Monthly Earnings of Panama stood at 1,248.75 USD in Aug 2020
  • The country's Labour Force Participation Rate dropped to 60.40 % in Aug 2021

View Panama's Labour Productivity Growth from 1992 to 2020 in the chart:

Panama Labour Productivity Growth

What was Panama's Labour Productivity Growth in 2020?

Panama Labour Productivity improved by 0.50 % YoY in Dec 2020, compared with a drop of 0.59 % in the previous year See the table below for more data.

Last Previous Min Max Unit Frequency Range
-0.50 2020 -0.59 2019 -2.67 1995 9.80 2007 % yearly 1992 - 2020

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 (%) 15.87 Jun 2021 quarterly Mar 2010 - Jun 2021
Algeria (%) 0.30 2020 yearly 1992 - 2020
Argentina (%) -2.41 2020 yearly 1992 - 2020
Armenia (%) 4.38 Dec 2021 quarterly Mar 2009 - Dec 2021
Australia (%) -0.11 Mar 2022 quarterly Jun 1979 - Mar 2022
Austria (%) 4.89 Mar 2022 quarterly Mar 2005 - Mar 2022
Azerbaijan (%) 6.09 Dec 2021 quarterly Mar 2009 - Dec 2021
Bahrain (%) 5.51 Mar 2021 quarterly Mar 2009 - Mar 2021
Bangladesh (%) 5.83 2020 yearly 1992 - 2020
Belarus (%) 3.11 Dec 2021 quarterly Mar 2006 - Dec 2021
Belgium (%) -0.06 Mar 2022 quarterly Mar 2000 - Mar 2022
Bolivia (%) 6.71 2017 yearly 2000 - 2017
Bosnia and Herzegovina (%) 9.15 2021 yearly 2007 - 2021
Botswana (%) -3.03 Dec 2020 quarterly Sep 2008 - Dec 2020
Brazil (%) 5.85 2020 yearly 1992 - 2020
Brunei (%) 1.58 2020 yearly 1992 - 2020
Bulgaria (%) 3.29 Mar 2022 quarterly Mar 2001 - Mar 2022
Cambodia (%) 5.07 2017 yearly 2008 - 2017
Canada (%) -0.91 Dec 2021 quarterly Mar 1977 - Dec 2021
Chile (%) -0.30 Mar 2022 quarterly Mar 1987 - Mar 2022
China (%) 8.70 2021 yearly 1953 - 2021
Colombia (%) 0.59 Mar 2022 quarterly Mar 2002 - Mar 2022
Croatia (%) 3.09 Mar 2022 quarterly Mar 2008 - Mar 2022
Cyprus (%) -0.93 Mar 2022 quarterly Jun 2005 - Mar 2022
Czech Republic (%) 5.61 Mar 2022 quarterly Dec 2004 - Mar 2022
Denmark (%) 0.37 Mar 2022 quarterly Mar 1991 - Mar 2022
Ecuador (%) 2.05 2020 yearly 1992 - 2020
Egypt (%) -3.80 Jun 2021 quarterly Mar 2004 - Jun 2021
Estonia (%) 6.83 Dec 2021 quarterly Mar 1996 - Dec 2021
European Union (%) 3.05 Dec 2021 quarterly Mar 2006 - Dec 2021
Finland (%) 0.18 Mar 2022 quarterly Mar 1991 - Mar 2022
France (%) -7.14 2020 yearly 1979 - 2020
Georgia (%) 12.57 2021 yearly 1997 - 2021
Germany (%) 2.46 Mar 2022 quarterly Mar 1992 - Mar 2022
Ghana (%) -0.78 2020 yearly 1992 - 2020
Greece (%) -0.13 Mar 2022 quarterly Mar 1996 - Mar 2022
Hong Kong SAR, China (%) -3.57 Mar 2022 quarterly Dec 1982 - Mar 2022
Hungary (%) 5.73 Mar 2022 quarterly Mar 1999 - Mar 2022
Iceland (%) -1.26 Mar 2022 quarterly Mar 2004 - Mar 2022
India (%) 0.70 2020 yearly 1992 - 2020
Indonesia (%) 1.64 2021 yearly 2001 - 2021
Iran (%) 10.79 2020 yearly 1992 - 2020
Ireland (%) -1.21 Mar 2022 quarterly Mar 1999 - Mar 2022
Israel (%) 1.99 Mar 2022 quarterly Mar 2013 - Mar 2022
Italy (%) 3.92 Mar 2022 quarterly Mar 1997 - Mar 2022
Ivory Coast (%) 0.18 2020 yearly 1992 - 2020
Japan (%) -0.10 Mar 2022 quarterly Mar 1995 - Mar 2022
Jordan (%) 0.44 2017 yearly 2001 - 2017
Kazakhstan (%) 4.67 Sep 2021 quarterly Mar 2002 - Sep 2021
Kenya (%) -2.00 2021 yearly 2011 - 2021
South Korea (%) -0.77 Mar 2022 quarterly Sep 1983 - Mar 2022
Kosovo (%) 2.92 Mar 2021 quarterly Mar 2017 - Mar 2021
Kuwait (%) -1.66 2020 yearly 1996 - 2020
Kyrgyzstan (%) -8.49 2020 yearly 1993 - 2020
Laos (%) -0.35 2020 yearly 1992 - 2020
Latvia (%) 4.68 Mar 2022 quarterly Mar 2003 - Mar 2022
Lebanon (%) -16.39 2020 yearly 1992 - 2020
Lithuania (%) 0.52 Mar 2022 quarterly Mar 1996 - Mar 2022
Luxembourg (%) 0.33 Mar 2022 quarterly Mar 1996 - Mar 2022
Macau SAR, China (%) -5.49 Mar 2022 quarterly Mar 2002 - Mar 2022
North Macedonia (%) 17.50 Mar 2022 quarterly Mar 2005 - Mar 2022
Malawi (%) 1.23 2020 yearly 1992 - 2020
Malaysia (%) 2.70 Mar 2022 quarterly Mar 2001 - Mar 2022
Malta (%) 3.09 Mar 2022 quarterly Dec 2001 - Mar 2022
Mauritius (%) 9.08 Dec 2021 quarterly Mar 2005 - Dec 2021
Mexico (%) -3.81 Mar 2022 quarterly Jun 1996 - Mar 2022
Moldova (%) -2.60 Mar 2022 quarterly Mar 2001 - Mar 2022
Mongolia (%) -10.11 Mar 2022 quarterly Sep 2007 - Mar 2022
Montenegro (%) -12.15 Mar 2022 quarterly Mar 2011 - Mar 2022
Morocco (%) -3.38 2020 yearly 2000 - 2020
Mozambique (%) -3.31 2020 yearly 1992 - 2020
Myanmar (%) 7.44 2020 yearly 1992 - 2020
Nepal (%) 4.24 2020 yearly 1992 - 2020
Netherlands (%) 2.17 Mar 2022 quarterly Mar 1996 - Mar 2022
New Zealand (%) -2.38 Mar 2022 quarterly Jun 1988 - Mar 2022
Nigeria (%) 1.14 Sep 2018 quarterly Mar 2013 - Sep 2018
Norway (%) 0.65 Mar 2022 quarterly Mar 1996 - Mar 2022
Oman (%) 12.26 2020 yearly 1999 - 2020
Pakistan (%) -1.23 2019 yearly 2001 - 2019
Palestinian Territory (%) -5.24 Mar 2022 quarterly Jun 2013 - Mar 2022
Panama (%) -0.50 2020 yearly 1992 - 2020
Paraguay (%) -1.20 Mar 2022 quarterly Mar 2018 - Mar 2022
Peru (%) -1.25 2021 yearly 2002 - 2021
Philippines (%) -3.46 2020 yearly 1992 - 2020
Poland (%) 7.40 Mar 2022 quarterly Dec 1999 - Mar 2022
Portugal (%) 6.35 Mar 2022 quarterly Mar 1996 - Mar 2022
Qatar (%) -0.98 2019 yearly 2012 - 2019
Romania (%) 5.04 Mar 2022 quarterly Mar 1996 - Mar 2022
Russia (%) 2.48 Dec 2021 quarterly Mar 1996 - Dec 2021
Saudi Arabia (%) 5.41 2021 yearly 1971 - 2021
Serbia (%) -0.96 Mar 2022 quarterly Mar 2015 - Mar 2022
Singapore (%) 2.10 Mar 2022 quarterly Mar 1986 - Mar 2022
Slovakia (%) 0.28 Mar 2022 quarterly Mar 1996 - Mar 2022
Slovenia (%) 6.28 Mar 2022 quarterly Mar 1996 - Mar 2022
South Africa (%) 3.55 Mar 2022 quarterly Mar 2009 - Mar 2022
Spain (%) 2.32 Mar 2022 quarterly Mar 1996 - Mar 2022
Sri Lanka (%) 0.57 Dec 2021 quarterly Jun 2013 - Dec 2021
Sudan (%) 3.26 2010 yearly 1996 - 2010
Sweden (%) 0.31 Mar 2022 quarterly Mar 1994 - Mar 2022
Switzerland (%) 3.36 Mar 2022 quarterly Mar 2011 - Mar 2022

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Panama Key Series

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Includes 196 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 (%) -5.5 2021 yearly 2003 - 2021
Consolidated Fiscal Balance (USD mn) -3,522.800 2021 yearly 2003 - 2021
Tax Revenue (USD mn) 379.016 Apr 2022 monthly Jan 1995 - Apr 2022
Tax Revenue: % of GDP (%) 7.8 Mar 2022 quarterly Mar 2007 - Mar 2022
National Government Debt (USD mn) 42,891.2 May 2022 monthly Jul 2004 - May 2022
Government Debt: % of GDP (%) 64.6 Mar 2022 quarterly Dec 2007 - Mar 2022
Forecast: Government Expenditure (PAB bn) 22.756 2027 yearly 1994 - 2027
Forecast: Government Net Debt (PAB bn) 50.211 2027 yearly 1994 - 2027
Forecast: Government Revenue (PAB bn) 21.252 2027 yearly 1994 - 2027
Central Government Revenue: Current Revenue: Tax (PAB th) 379,015.892 Apr 2022 monthly Jan 1995 - Apr 2022
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 202,123.571 Apr 2022 monthly Jan 1995 - Apr 2022
Central Government Revenue: Current Revenue (PAB th) 476,504.593 Apr 2022 monthly Jan 1995 - Apr 2022
Central Government Operations: Total Revenue (PAB th) 14,209,596.569 2020 yearly 2000 - 2020
Central Government Operations: Total Expenditure (PAB th) 14,206,764.625 2020 yearly 2000 - 2020
CGO: Expenditure: Current (USD mn) 8,921.000 2021 yearly 1993 - 2021
CGO: Expenditure: Capital (USD mn) 2,877.800 2021 yearly 1993 - 2021
CGO: Overall Balance, Accrual Basis (USD mn) -4,007.800 2021 yearly 1993 - 2021
Public Debt: Domestic (USD mn) 7,653.724 May 2022 monthly Jul 2004 - May 2022
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 5.996 2027 yearly 1980 - 2027
Trade Balance (USD mn) -922.7 Apr 2022 monthly Jan 1964 - Apr 2022
Total Exports (USD mn) 275.5 Apr 2022 monthly Jan 2000 - Apr 2022
Total Exports Growth (%) -1.5 Apr 2022 monthly Jan 2001 - Apr 2022
Aluminum: Exports (USD th) 5,458.607 2020 yearly 1995 - 2020
Exports: Medicament (USD th) 1,154,109.705 2020 yearly 1995 - 2020
Exports: Medicinal and Pharmaceutical Product (USD th) 151,842.182 2020 yearly 1995 - 2020
Total Imports (USD mn) 1,198.2 Apr 2022 monthly Jan 2000 - Apr 2022
Total Imports Growth (%) 35.1 Apr 2022 monthly Jan 2001 - Apr 2022
Imports: Medicament (USD th) 608,952.511 2020 yearly 1995 - 2020
Imports: Medicinal and Pharmaceutical Product (USD th) 146,042.475 2020 yearly 1995 - 2020
Total Exports to USA (USD mn) 21.562 Mar 2022 monthly Jan 1970 - Mar 2022
Total Imports from USA (USD mn) 402.407 Mar 2022 monthly Jan 1967 - Mar 2022
Total Exports to China (USD mn) 370.063 2020 yearly 1999 - 2020
Total Imports from China (USD mn) 203.275 Mar 2022 monthly Mar 1989 - Mar 2022
Exports: FOB: Prawn (PAB th) 2,217.553 Apr 2022 monthly Jan 2000 - Apr 2022
Exports: FOB: Banana (PAB th) 12,084.975 Apr 2022 monthly Jan 2000 - Apr 2022
Exports: FOB (PAB th) 275,544.253 Apr 2022 monthly Jan 2000 - Apr 2022
Exports: FOB: Seafood Products (PAB th) 4,045.981 Apr 2022 monthly Jan 2002 - Apr 2022
Exports: FOB: Asia: Rest of Asia: South Korea (PAB th) 136,247.000 2020 yearly 1999 - 2020
Exports: FOB: America: NAFTA: Mexico (PAB th) 20,957.000 2020 yearly 1999 - 2020
Exports: FOB: Asia: Rest of Asia: China (PAB th) 370,063.000 2020 yearly 1999 - 2020
Exports: FOB: America: NAFTA: USA (PAB th) 105,749.000 2020 yearly 1999 - 2020
Exports: FOB: Asia: Rest of Asia: Taiwan (PAB th) 19,716.000 2020 yearly 1999 - 2020
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
Imports: CIF: America: NAFTA: USA (PAB th) 2,070,087.000 2020 yearly 1999 - 2020
Imports: CIF: Asia: Rest of Asia: China (PAB th) 851,030.000 2020 yearly 1999 - 2020
Imports: CIF: America: LAIA: MERCOSUR: Brazil (PAB th) 123,450.000 2020 yearly 1999 - 2020
Imports: CIF: Asia: Rest of Asia: Taiwan (PAB th) 35,242.000 2020 yearly 1999 - 2020
Imports: CIF: Asia: ASEAN: Thailand (PAB th) 68,032.000 2020 yearly 1999 - 2020
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 27.2 Dec 2021 quarterly Mar 2013 - Dec 2021
Current Account Balance (USD mn) -650.7 Dec 2021 quarterly Mar 1998 - Dec 2021
Current Account Balance: % of GDP (%) -3.5 Dec 2021 quarterly Mar 2007 - Dec 2021
Foreign Direct Investment (USD mn) 697.3 Dec 2021 quarterly Mar 1998 - Dec 2021
Foreign Direct Investment: % of GDP (%) 3.8 Dec 2021 quarterly Mar 2007 - Dec 2021
Foreign Portfolio Investment (USD mn) -31.873 Dec 2021 quarterly Mar 2013 - Dec 2021
Foreign Portfolio Investment: % of GDP (%) -0.2 Dec 2021 quarterly Mar 2007 - Dec 2021
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Dec 2021 quarterly Mar 2013 - Dec 2021
Foreign Portfolio Investment: Debt Securities (USD mn) -31.873 Dec 2021 quarterly Mar 2013 - Dec 2021
External Debt (USD mn) 35,237.5 May 2022 monthly Jul 2004 - May 2022
External Debt: % of GDP (%) 196.8 2020 yearly 2014 - 2020
External Debt: Short Term (USD mn) 34,953.4 Jun 2021 quarterly Sep 2014 - Jun 2021
External Debt: Short Term: % of GDP (%) 65.3 2020 yearly 1970 - 2020
Forecast: Current Account Balance (USD bn) -2.741 2027 yearly 1980 - 2027
Net International Investment Position (USD mn) -66,638.781 Dec 2021 quarterly Mar 2002 - Dec 2021
BoP: CA: Services (PAB mn) 2,098.163 Dec 2021 quarterly Mar 2013 - Dec 2021
BoP: CA: Income: Debit (PAB mn) -1,318.890 Dec 2021 quarterly Mar 2013 - Dec 2021
BoP: Financial Account (FA) (PAB mn) 1,085.360 Dec 2021 quarterly Mar 2013 - Dec 2021
BoP: Net Errors and Omissions (PAB mn) -33.408 Dec 2021 quarterly Mar 2013 - Dec 2021
Balance of Payment (BoP): Current Account (CA) (PAB mn) -650.733 Dec 2021 quarterly Mar 2013 - Dec 2021
BoP: CA: Services: Credit (PAB mn) 3,362.215 Dec 2021 quarterly Mar 2013 - Dec 2021
BoP: Capital Account (PAB mn) 1.078 Dec 2021 quarterly Mar 2013 - Dec 2021
BoP: FA: Direct Investment (PAB mn) 670.116 Dec 2021 quarterly Mar 2013 - Dec 2021
BoP: CA: Goods: Debit (PAB mn) -6,111.848 Dec 2021 quarterly Mar 2013 - Dec 2021
BoP: CA: Income: Credit (PAB mn) 253.278 Dec 2021 quarterly Mar 2013 - Dec 2021
BoP: Financing: Reserve Assets (PAB mn) -430.365 Dec 2021 quarterly Mar 2013 - Dec 2021
BoP: CA: Goods: Credit (PAB mn) 4,317.332 Dec 2021 quarterly Mar 2013 - Dec 2021
BoP: CA: Income (PAB mn) -1,065.612 Dec 2021 quarterly Mar 2013 - Dec 2021
BoP: Capital Account: Debit (PAB mn) 0.000 Dec 2021 quarterly Mar 2013 - Dec 2021
BoP: FA: Portfolio Investment: Liabilities (PAB mn) -31.873 Dec 2021 quarterly Mar 2013 - Dec 2021
BoP: CA: Goods (PAB mn) -1,794.516 Dec 2021 quarterly Mar 2013 - Dec 2021
BoP: CA: Services: Debit (PAB mn) -1,264.051 Dec 2021 quarterly Mar 2013 - Dec 2021
BoP: Capital Account: Credit (PAB mn) 1.078 Dec 2021 quarterly Mar 2013 - Dec 2021
BoP: FA: Portfolio Investment: Assets (PAB mn) -917.845 Dec 2021 quarterly Mar 2013 - Dec 2021
IIP: Assets (USD mn) 83,221.854 Dec 2021 quarterly Mar 2015 - Dec 2021
International Investment Position (IIP) (USD mn) -66,638.781 Dec 2021 quarterly Mar 2015 - Dec 2021
IIP: Liabilities (USD mn) 149,860.635 Dec 2021 quarterly Mar 2015 - Dec 2021
Foreign Direct Investment (FDI) (PAB mn) 697.314 Dec 2021 quarterly Mar 2013 - Dec 2021
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 2.0 Apr 2022 monthly Dec 2008 - Apr 2022
Household Debt: % of GDP (%) 44.0 Mar 2022 quarterly Dec 2007 - Mar 2022
Non-Performing Loans (USD mn) 1,718.583 Mar 2022 monthly Dec 2008 - Mar 2022
Money Supply M1 (USD mn) 9,438.227 Mar 2022 monthly Dec 2002 - Mar 2022
Money Supply M2 (USD mn) 37,994.108 Mar 2022 monthly Dec 2002 - Mar 2022
M2 Growth (%) -17.8 Mar 2022 monthly Dec 2003 - Mar 2022
Foreign Exchange Reserves (USD mn) 7,651.6 Sep 2021 monthly Oct 1969 - Sep 2021
Foreign Exchange Reserves: % of GDP (%) 12.674 Sep 2021 quarterly Dec 2007 - Sep 2021
Foreign Exchange Reserves: Months of Import (NA) 7.5 Sep 2021 monthly Jan 2000 - Sep 2021
Gold Reserves (USD mn) 0.000 Sep 2021 monthly Sep 1969 - Sep 2021
Total Deposits (USD mn) 98,205.099 Apr 2022 monthly Dec 1998 - Apr 2022
Total Deposits Growth (%) 3.3 Apr 2022 monthly Dec 1999 - Apr 2022
Domestic Credit (USD mn) 56,012.5 Apr 2022 monthly Dec 2001 - Apr 2022
Domestic Credit Growth (%) 3.4 Apr 2022 monthly Dec 2002 - Apr 2022
Household Debt (USD mn) 29,282.7 Apr 2022 monthly Oct 2005 - Apr 2022
Total Loans (USD mn) 80,493.544 Apr 2022 monthly Dec 1998 - Apr 2022
Total Loans Growth (%) 9.43 Apr 2022 monthly Dec 1999 - Apr 2022
Private Debt: % of Nominal GDP (%) 80.20 Mar 2022 quarterly Dec 2007 - Mar 2022
Money Supply: M3 (PAB mn) 37,994.108 Mar 2022 monthly Dec 2002 - Mar 2022
LC: National Banking System: Private Sector: Mortgage (PAB mn) 19,057.846 Apr 2022 monthly Dec 2002 - Apr 2022

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