Panama Labour Productivity Growth
1992 - 2024 | Yearly | % | CEIC Data
Key information about Panama Labour Productivity Growth
- Panama Labour Productivity dropped by 1.22 % YoY in Dec 2024, compared with a growth of 5.34 % in the previous year
- Panama Labour Productivity Growth data is updated yearly, available from Dec 1992 to Dec 2024, averaging at 5.16 %
- The data reached an all-time high of 15.05 % in Dec 2021 and a record low of -8.57 % in Dec 2020
CEIC calculates annual 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 2021 constant international dollars using PPP rates
View Panama's Labour Productivity Growth from 1992 to 2024 in the chart:
What was Panama's Labour Productivity Growth in 2024?
Panama Labour Productivity dropped by 1.22 % YoY in Dec 2024, compared with a growth of 5.34 % in the previous year See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 1.22 2024 | 5.34 2023 | -8.57 2020 | 15.05 2021 | % | yearly | 1992 - 2024 |
Labour Productivity Growth by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 3.12 Dec 2025 | quarterly | Jun 1997 - Dec 2025 |
| Algeria (%) | 2.67 2024 | yearly | 1992 - 2024 |
| Argentina (%) | 1.50 2025 | yearly | 1992 - 2025 |
| Armenia (%) | 10.38 Dec 2025 | quarterly | Mar 2009 - Dec 2025 |
| Australia (%) | 1.47 Dec 2025 | quarterly | Jun 1979 - Dec 2025 |
| Austria (%) | 0.00 Dec 2025 | quarterly | Mar 2005 - Dec 2025 |
| Azerbaijan (%) | 0.29 Dec 2025 | quarterly | Mar 2009 - Dec 2025 |
| Bahrain (%) | -3.79 Jun 2023 | quarterly | Mar 2009 - Jun 2023 |
| Bangladesh (%) | 7.08 2024 | yearly | 1992 - 2024 |
| Belarus (%) | -3.05 Dec 2025 | quarterly | Mar 2006 - Dec 2025 |
| Belgium (%) | 0.86 Dec 2025 | quarterly | Mar 2000 - Dec 2025 |
| Bolivia (%) | -2.79 2024 | yearly | 2000 - 2024 |
| Bosnia and Herzegovina (%) | -0.03 2024 | yearly | 2007 - 2024 |
| Botswana (%) | 7.44 Dec 2022 | quarterly | Sep 2008 - Dec 2022 |
| Brazil (%) | 0.48 2025 | yearly | 1992 - 2025 |
| Brunei (%) | 1.26 2024 | yearly | 1992 - 2024 |
| Bulgaria (%) | 0.72 Sep 2025 | quarterly | Mar 2001 - Sep 2025 |
| Cambodia (%) | 1.04 2021 | yearly | 2008 - 2021 |
| Canada (%) | -0.22 Dec 2025 | quarterly | Mar 1977 - Dec 2025 |
| Chile (%) | 0.04 Dec 2025 | quarterly | Mar 1987 - Dec 2025 |
| China (%) | 5.84 2024 | yearly | 1953 - 2024 |
| Colombia (%) | -1.33 Dec 2025 | quarterly | Mar 2002 - Dec 2025 |
| Croatia (%) | 1.71 Dec 2025 | quarterly | Mar 2008 - Dec 2025 |
| Cyprus (%) | 0.56 Dec 2025 | quarterly | Jun 2005 - Dec 2025 |
| Czech Republic (%) | 1.13 Dec 2025 | quarterly | Mar 1997 - Dec 2025 |
| Denmark (%) | 2.10 Dec 2025 | quarterly | Mar 1991 - Dec 2025 |
| Ecuador (%) | 2.57 2025 | yearly | 1992 - 2025 |
| Egypt (%) | -0.10 Dec 2025 | quarterly | Mar 2004 - Dec 2025 |
| Estonia (%) | 1.84 Dec 2025 | quarterly | Mar 1996 - Dec 2025 |
| European Union (%) | 0.86 Dec 2025 | quarterly | Mar 2006 - Dec 2025 |
| Finland (%) | 0.17 Dec 2025 | quarterly | Mar 1991 - Dec 2025 |
| France (%) | 0.44 2024 | yearly | 1979 - 2024 |
| Georgia (%) | 8.45 2025 | yearly | 1997 - 2025 |
| Germany (%) | 0.70 Dec 2025 | quarterly | Mar 1992 - Dec 2025 |
| Ghana (%) | 3.06 2024 | yearly | 1992 - 2024 |
| Greece (%) | 1.63 Dec 2025 | quarterly | Mar 1996 - Dec 2025 |
| Hong Kong SAR, China (%) | 4.38 Dec 2025 | quarterly | Dec 1982 - Dec 2025 |
| Hungary (%) | 1.84 Dec 2025 | quarterly | Mar 1999 - Dec 2025 |
| Iceland (%) | 0.27 Dec 2025 | quarterly | Mar 2004 - Dec 2025 |
| India (%) | 3.39 2023 | yearly | 1992 - 2023 |
| Indonesia (%) | 3.75 2025 | yearly | 2001 - 2025 |
| Iran (%) | 2.69 2024 | yearly | 1992 - 2024 |
| Ireland (%) | 0.13 Dec 2025 | quarterly | Mar 1999 - Dec 2025 |
| Israel (%) | 1.82 Dec 2025 | quarterly | Mar 2013 - Dec 2025 |
| Italy (%) | -0.29 Dec 2025 | quarterly | Mar 1997 - Dec 2025 |
| Ivory Coast (%) | 2.80 2024 | yearly | 1992 - 2024 |
| Japan (%) | -0.19 Dec 2025 | quarterly | Mar 1969 - Dec 2025 |
| Jordan (%) | 2.69 2023 | yearly | 2001 - 2023 |
| Kazakhstan (%) | 4.61 Sep 2025 | quarterly | Mar 2002 - Sep 2025 |
| Kenya (%) | 1.38 2024 | yearly | 2011 - 2024 |
| South Korea (%) | 0.89 Dec 2025 | quarterly | Sep 1983 - Dec 2025 |
| Kosovo (%) | 10.87 Dec 2024 | quarterly | Mar 2017 - Dec 2024 |
| Kuwait (%) | -4.93 2024 | yearly | 1992 - 2024 |
| Kyrgyzstan (%) | 5.09 2024 | yearly | 1993 - 2024 |
| Laos (%) | 2.19 2024 | yearly | 1992 - 2024 |
| Latvia (%) | -0.20 Dec 2025 | quarterly | Mar 2003 - Dec 2025 |
| Lebanon (%) | -2.08 2023 | yearly | 1992 - 2023 |
| Lithuania (%) | 5.09 Dec 2025 | quarterly | Mar 1996 - Dec 2025 |
| Luxembourg (%) | 0.79 Dec 2025 | quarterly | Mar 1996 - Dec 2025 |
| Macau SAR, China (%) | 7.30 Dec 2025 | quarterly | Mar 2002 - Dec 2025 |
| North Macedonia (%) | 4.21 Dec 2025 | quarterly | Mar 2005 - Dec 2025 |
| Malawi (%) | -1.78 2024 | yearly | 1992 - 2024 |
| Malaysia (%) | 2.96 Dec 2025 | quarterly | Mar 2001 - Dec 2025 |
| Malta (%) | 3.37 Dec 2025 | quarterly | Dec 2001 - Dec 2025 |
| Mauritius (%) | 0.78 Dec 2025 | quarterly | Mar 2005 - Dec 2025 |
| Mexico (%) | 1.28 Dec 2025 | quarterly | Jun 1996 - Dec 2025 |
| Moldova (%) | 4.93 Dec 2025 | quarterly | Mar 2001 - Dec 2025 |
| Mongolia (%) | 6.70 Dec 2025 | quarterly | Sep 2007 - Dec 2025 |
| Montenegro (%) | 3.20 Dec 2025 | quarterly | Mar 2009 - Dec 2025 |
| Morocco (%) | 3.00 2024 | yearly | 2000 - 2024 |
| Mozambique (%) | -1.24 2024 | yearly | 1992 - 2024 |
| Myanmar (%) | -4.00 2023 | yearly | 1992 - 2023 |
| Nepal (%) | 3.65 2024 | yearly | 1992 - 2024 |
| Netherlands (%) | 1.46 Dec 2025 | quarterly | Mar 1996 - Dec 2025 |
| New Zealand (%) | 1.15 Dec 2025 | quarterly | Jun 1988 - Dec 2025 |
| Nigeria (%) | 1.14 Sep 2018 | quarterly | Mar 2013 - Sep 2018 |
| Norway (%) | 1.59 Dec 2025 | quarterly | Mar 1996 - Dec 2025 |
| Oman (%) | 0.93 2025 | yearly | 1999 - 2025 |
| Pakistan (%) | -1.23 2019 | yearly | 2001 - 2019 |
| Palestinian Territory (%) | 0.21 Dec 2025 | quarterly | Dec 2009 - Dec 2025 |
| Panama (%) | 1.22 2024 | yearly | 1992 - 2024 |
| Paraguay (%) | 2.36 Dec 2025 | quarterly | Mar 2018 - Dec 2025 |
| Peru (%) | 0.56 2023 | yearly | 2002 - 2023 |
| Philippines (%) | 3.78 2024 | yearly | 1992 - 2024 |
| Poland (%) | 3.27 Dec 2025 | quarterly | Dec 1999 - Dec 2025 |
| Portugal (%) | -0.90 Dec 2025 | quarterly | Mar 1996 - Dec 2025 |
| Qatar (%) | 0.01 2024 | yearly | 2012 - 2024 |
| Romania (%) | 1.28 Dec 2025 | quarterly | Mar 1996 - Dec 2025 |
| Russia (%) | 0.86 Dec 2025 | quarterly | Mar 1996 - Dec 2025 |
| Saudi Arabia (%) | -2.97 2025 | yearly | 1971 - 2025 |
| Serbia (%) | 4.59 Dec 2025 | quarterly | Mar 2015 - Dec 2025 |
| Singapore (%) | 3.90 Dec 2025 | quarterly | Mar 1986 - Dec 2025 |
| Slovakia (%) | 1.82 Dec 2025 | quarterly | Mar 1996 - Dec 2025 |
| Slovenia (%) | 2.22 Dec 2025 | quarterly | Mar 1996 - Dec 2025 |
| South Africa (%) | 0.70 Dec 2025 | quarterly | Mar 2009 - Dec 2025 |
| Spain (%) | 0.47 Dec 2025 | quarterly | Mar 1996 - Dec 2025 |
| Sri Lanka (%) | -0.07 Dec 2025 | quarterly | Jun 2013 - Dec 2025 |
| Sudan (%) | 3.26 2010 | yearly | 1996 - 2010 |
| Sweden (%) | 1.06 Dec 2025 | quarterly | Mar 1994 - Dec 2025 |
| Switzerland (%) | 0.89 Dec 2025 | quarterly | Mar 2011 - Dec 2025 |
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Learn more about what we doPanama Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -3.7 2025 | yearly | 2003 - 2025 |
| Consolidated Fiscal Balance (USD mn) | -3,320.820 2025 | yearly | 2003 - 2025 |
| Tax Revenue (USD mn) | 420.760 Feb 2026 | monthly | Jan 1995 - Feb 2026 |
| Tax Revenue: % of GDP (%) | 6.4 Dec 2025 | quarterly | Mar 2007 - Dec 2025 |
| National Government Debt (USD mn) | 59,349.3 Dec 2025 | monthly | Jul 2004 - Dec 2025 |
| Government Debt: % of GDP (%) | 65.6 Dec 2025 | quarterly | Dec 2007 - Dec 2025 |
| Forecast: Government Expenditure (PAB bn) | 27.414 2031 | yearly | 1994 - 2031 |
| Forecast: Government Net Debt (PAB bn) | 70.782 2031 | yearly | 1994 - 2031 |
| Forecast: Government Revenue (PAB bn) | 25.515 2031 | yearly | 1994 - 2031 |
| Central Government Revenue: Current Revenue: Tax (PAB th) | 420,759.706 Feb 2026 | monthly | Jan 1995 - Feb 2026 |
| Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) | 207,575.084 Feb 2026 | monthly | Jan 1995 - Feb 2026 |
| Central Government Revenue: Current Revenue (PAB th) | 525,756.409 Feb 2026 | monthly | Jan 1995 - Feb 2026 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 7.314 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | -952.4 Feb 2026 | monthly | Jan 1964 - Feb 2026 |
| Total Exports (USD mn) | 83.9 Sep 2025 | monthly | Jan 2000 - Sep 2025 |
| Total Exports Growth (%) | -14.6 Feb 2026 | monthly | Jan 2001 - Feb 2026 |
| Aluminum: Exports (USD th) | 29,822.596 2024 | yearly | 1995 - 2024 |
| Exports: Medicament (USD th) | 295,370.102 2024 | yearly | 1995 - 2024 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 16,991.392 2024 | yearly | 1995 - 2024 |
| Total Imports (USD mn) | 1,018.8 Feb 2026 | monthly | Jan 2000 - Feb 2026 |
| Total Imports Growth (%) | -10.9 Feb 2026 | monthly | Jan 2001 - Feb 2026 |
| Imports: Medicament (USD th) | 725,843.056 2024 | yearly | 1995 - 2024 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 233,578.902 2024 | yearly | 1995 - 2024 |
| Total Exports to USA (USD mn) | 18.946 Dec 2025 | monthly | Jan 1970 - Dec 2025 |
| Total Imports from USA (USD mn) | 159.945 Dec 2025 | monthly | Jan 1967 - Dec 2025 |
| Total Exports to China (USD mn) | 1,311.685 2023 | yearly | 1999 - 2023 |
| Total Imports from China (USD mn) | 124.901 Dec 2025 | monthly | Mar 1989 - Dec 2025 |
| Exports: FOB: America: NAFTA: USA (PAB th) | 145,828.000 2023 | yearly | 1999 - 2023 |
| Exports: FOB: Asia: Rest of Asia: South Korea (PAB th) | 233,057.000 2023 | yearly | 1999 - 2023 |
| Exports: FOB: Asia: Rest of Asia: Taiwan (PAB th) | 66,371.000 2023 | yearly | 1999 - 2023 |
| Exports: FOB: America: NAFTA: Mexico (PAB th) | 46,106.000 2023 | yearly | 1999 - 2023 |
| Exports: FOB: Asia: Rest of Asia: China (PAB th) | 1,311,685.000 2023 | yearly | 1999 - 2023 |
| Exports: FOB: Prawn (PAB th) | 6,920.533 Feb 2026 | monthly | Jan 2000 - Feb 2026 |
| Exports: FOB: Banana (PAB th) | 2,954.330 Feb 2026 | monthly | Jan 2000 - Feb 2026 |
| Exports: FOB (PAB th) | 66,412.864 Feb 2026 | monthly | Jan 2000 - Feb 2026 |
| Exports: FOB: Seafood Products (PAB th) | 5,811.298 Feb 2026 | monthly | Jan 2002 - Feb 2026 |
| Imports: CIF: Asia: Rest of Asia: China (PAB th) | 1,755,621.000 2023 | yearly | 1999 - 2023 |
| Imports: CIF: Asia: ASEAN: Thailand (PAB th) | 108,126.000 2023 | yearly | 1999 - 2023 |
| Imports: CIF: America: LAIA: MERCOSUR: Brazil (PAB th) | 299,244.000 2023 | yearly | 1999 - 2023 |
| Imports: CIF: America: NAFTA: USA (PAB th) | 2,729,967.000 2023 | yearly | 1999 - 2023 |
| Imports: CIF: Asia: Rest of Asia: Taiwan (PAB th) | 47,260.000 2023 | yearly | 1999 - 2023 |
| Exports: FOB: Raw Wood (PAB th) | 7,428.13 Apr 2018 | monthly | Jan 2017 - Apr 2018 |
| Exports: FOB: Waste & Scrap of Steel, Copper & Aluminum (PAB th) | 6,147.94 Apr 2018 | monthly | Jan 2017 - Apr 2018 |
| Export Value Index (2015=100) | 147.500 2023 | yearly | 1981 - 2023 |
| Import Value Index (2015=100) | 152.300 2023 | yearly | 1981 - 2023 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Direct Investment Abroad (USD mn) | 212.3 Dec 2025 | quarterly | Mar 2013 - Dec 2025 |
| Current Account Balance (USD mn) | 93.7 Dec 2025 | quarterly | Mar 1998 - Dec 2025 |
| Current Account Balance: % of GDP (%) | 0.4 Dec 2025 | quarterly | Mar 2007 - Dec 2025 |
| Foreign Direct Investment (USD mn) | 803.8 Dec 2025 | quarterly | Mar 1998 - Dec 2025 |
| Foreign Direct Investment: % of GDP (%) | 3.1 Dec 2025 | quarterly | Mar 2007 - Dec 2025 |
| Foreign Portfolio Investment (USD mn) | -11.668 Dec 2025 | quarterly | Mar 2013 - Dec 2025 |
| Foreign Portfolio Investment: % of GDP (%) | -0.0 Dec 2025 | quarterly | Mar 2007 - Dec 2025 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | 0.0 Dec 2025 | quarterly | Mar 2013 - Dec 2025 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | -11.668 Dec 2025 | quarterly | Mar 2013 - Dec 2025 |
| External Debt (USD mn) | 48,680.8 Dec 2025 | monthly | Jul 2004 - Dec 2025 |
| 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) | -3.282 2031 | yearly | 1980 - 2031 |
| Net International Investment Position (USD mn) | -77,745.917 Dec 2025 | quarterly | Mar 2002 - Dec 2025 |
| BoP: Net Errors and Omissions (PAB mn) | -2,721.267 Dec 2025 | quarterly | Mar 2013 - Dec 2025 |
| BoP: CA: Services: Debit (PAB mn) | -1,476.172 Dec 2025 | quarterly | Mar 2013 - Dec 2025 |
| Balance of Payment (BoP): Current Account (CA) (PAB mn) | 93.682 Dec 2025 | quarterly | Mar 2013 - Dec 2025 |
| BoP: CA: Goods: Credit (PAB mn) | 3,969.010 Dec 2025 | quarterly | Mar 2013 - Dec 2025 |
| BoP: CA: Services (PAB mn) | 4,152.366 Dec 2025 | quarterly | Mar 2013 - Dec 2025 |
| BoP: CA: Goods (PAB mn) | -3,313.938 Dec 2025 | quarterly | Mar 2013 - Dec 2025 |
| BoP: CA: Income: Debit (PAB mn) | -1,757.686 Dec 2025 | quarterly | Mar 2013 - Dec 2025 |
| BoP: CA: Income: Credit (PAB mn) | 1,111.303 Dec 2025 | quarterly | Mar 2013 - Dec 2025 |
| BoP: CA: Income (PAB mn) | -646.384 Dec 2025 | quarterly | Mar 2013 - Dec 2025 |
| BoP: Capital Account: Debit (PAB mn) | 0.000 Dec 2025 | quarterly | Mar 2013 - Dec 2025 |
| BoP: Financing: Reserve Assets (PAB mn) | 248.795 Dec 2025 | quarterly | Mar 2013 - Dec 2025 |
| BoP: CA: Services: Credit (PAB mn) | 5,628.539 Dec 2025 | quarterly | Mar 2013 - Dec 2025 |
| BoP: CA: Goods: Debit (PAB mn) | -7,282.947 Dec 2025 | quarterly | Mar 2013 - Dec 2025 |
| BoP: Capital Account (PAB mn) | 1.007 Dec 2025 | quarterly | Mar 2013 - Dec 2025 |
| BoP: Financial Account (FA) (PAB mn) | 2,121.850 Dec 2025 | quarterly | Mar 2013 - Dec 2025 |
| BoP: FA: Direct Investment (PAB mn) | 591.506 Dec 2025 | quarterly | Mar 2013 - Dec 2025 |
| BoP: Capital Account: Credit (PAB mn) | 1.007 Dec 2025 | quarterly | Mar 2013 - Dec 2025 |
| BoP: FA: Portfolio Investment: Liabilities (PAB mn) | -11.668 Dec 2025 | quarterly | Mar 2013 - Dec 2025 |
| BoP: FA: Portfolio Investment: Assets (PAB mn) | 13.787 Dec 2025 | quarterly | Mar 2013 - Dec 2025 |
| International Investment Position (IIP) (USD mn) | -77,745.917 Dec 2025 | quarterly | Mar 2015 - Dec 2025 |
| IIP: Liabilities (USD mn) | 195,504.785 Dec 2025 | quarterly | Mar 2015 - Dec 2025 |
| IIP: Assets (USD mn) | 117,758.868 Dec 2025 | quarterly | Mar 2015 - Dec 2025 |
| Foreign Direct Investment (FDI) (PAB mn) | 803.813 Dec 2025 | quarterly | Mar 2013 - Dec 2025 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 1.6 Feb 2026 | monthly | Dec 2008 - Feb 2026 |
| Household Debt: % of GDP (%) | 37.8 Dec 2025 | quarterly | Dec 2007 - Dec 2025 |
| Non-Performing Loans (USD mn) | 1,648.210 Feb 2026 | monthly | Dec 2008 - Feb 2026 |
| Money Supply M1 (USD mn) | 9,638.910 Jan 2026 | monthly | Dec 2002 - Jan 2026 |
| Money Supply M2 (USD mn) | 46,775.410 Jan 2026 | monthly | Dec 2002 - Jan 2026 |
| M2 Growth (%) | 8.6 Jan 2026 | monthly | Dec 2003 - Jan 2026 |
| Foreign Exchange Reserves (USD mn) | 4,765.5 Feb 2026 | monthly | Oct 1969 - Feb 2026 |
| Foreign Exchange Reserves: % of GDP (%) | 6.239 Dec 2025 | quarterly | Dec 2007 - Dec 2025 |
| Foreign Exchange Reserves: Months of Import (NA) | 4.7 Feb 2026 | monthly | Jan 2000 - Feb 2026 |
| Gold Reserves (USD mn) | 0.000 Mar 2024 | monthly | Sep 1969 - Mar 2024 |
| Total Deposits (USD mn) | 118,203.928 Feb 2026 | monthly | Dec 1998 - Feb 2026 |
| Total Deposits Growth (%) | 7.3 Feb 2026 | monthly | Dec 1999 - Feb 2026 |
| Domestic Credit (USD mn) | 64,164.2 Feb 2026 | monthly | Dec 2001 - Feb 2026 |
| Domestic Credit Growth (%) | -0.3 Feb 2026 | monthly | Dec 2002 - Feb 2026 |
| Household Debt (USD mn) | 34,223.1 Feb 2026 | monthly | Oct 2005 - Feb 2026 |
| Total Loans (USD mn) | 102,808.579 Feb 2026 | monthly | Dec 1998 - Feb 2026 |
| Total Loans Growth (%) | 5.03 Feb 2026 | monthly | Dec 1999 - Feb 2026 |
| Private Debt: % of Nominal GDP (%) | 68.25 Jun 2025 | quarterly | Dec 2007 - Jun 2025 |
| Money Supply: M3 (PAB mn) | 46,775.410 Jan 2026 | monthly | Dec 2002 - Jan 2026 |
| LC: National Banking System: Private Sector: Mortgage (PAB mn) | 21,531.800 Feb 2026 | monthly | Dec 2002 - Feb 2026 |
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