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 (%) | 4.32 Sep 2025 | quarterly | Jun 1997 - Sep 2025 |
| Algeria (%) | 2.67 2024 | yearly | 1992 - 2024 |
| Argentina (%) | 2.32 2024 | yearly | 1992 - 2024 |
| Armenia (%) | 6.33 Sep 2025 | quarterly | Mar 2009 - Sep 2025 |
| Australia (%) | 0.64 Sep 2025 | quarterly | Jun 1979 - Sep 2025 |
| Austria (%) | 0.85 Sep 2025 | quarterly | Mar 2005 - Sep 2025 |
| Azerbaijan (%) | -0.08 Sep 2025 | quarterly | Mar 2009 - Sep 2025 |
| Bahrain (%) | -3.79 Jun 2023 | quarterly | Mar 2009 - Jun 2023 |
| Bangladesh (%) | 6.19 2024 | yearly | 1992 - 2024 |
| Belarus (%) | -0.49 Sep 2025 | quarterly | Mar 2006 - Sep 2025 |
| Belgium (%) | -0.08 Sep 2025 | quarterly | Mar 2000 - Sep 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 (%) | 0.57 2024 | yearly | 1992 - 2024 |
| 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 (%) | 1.27 Sep 2025 | quarterly | Mar 1977 - Sep 2025 |
| Chile (%) | 0.40 Sep 2025 | quarterly | Mar 1987 - Sep 2025 |
| China (%) | 5.84 2024 | yearly | 1953 - 2024 |
| Colombia (%) | 0.86 Sep 2025 | quarterly | Mar 2002 - Sep 2025 |
| Croatia (%) | 0.67 Sep 2025 | quarterly | Mar 2008 - Sep 2025 |
| Cyprus (%) | 0.51 Sep 2025 | quarterly | Jun 2005 - Sep 2025 |
| Czech Republic (%) | 1.53 Sep 2025 | quarterly | Mar 1997 - Sep 2025 |
| Denmark (%) | 2.73 Sep 2025 | quarterly | Mar 1991 - Sep 2025 |
| Ecuador (%) | -2.72 2024 | yearly | 1992 - 2024 |
| Egypt (%) | -2.61 Sep 2025 | quarterly | Mar 2004 - Sep 2025 |
| Estonia (%) | -0.18 Sep 2025 | quarterly | Mar 1996 - Sep 2025 |
| European Union (%) | 0.88 Sep 2025 | quarterly | Mar 2006 - Sep 2025 |
| Finland (%) | 0.74 Sep 2025 | quarterly | Mar 1991 - Sep 2025 |
| France (%) | 0.44 2024 | yearly | 1979 - 2024 |
| Georgia (%) | 4.37 2024 | yearly | 1997 - 2024 |
| Germany (%) | 0.35 Sep 2025 | quarterly | Mar 1992 - Sep 2025 |
| Ghana (%) | 3.06 2024 | yearly | 1992 - 2024 |
| Greece (%) | 0.83 Sep 2025 | quarterly | Mar 1996 - Sep 2025 |
| Hong Kong SAR, China (%) | 4.31 Sep 2025 | quarterly | Dec 1982 - Sep 2025 |
| Hungary (%) | 1.23 Sep 2025 | quarterly | Mar 1999 - Sep 2025 |
| Iceland (%) | 3.11 Sep 2025 | quarterly | Mar 2004 - Sep 2025 |
| India (%) | 3.39 2023 | yearly | 1992 - 2023 |
| Indonesia (%) | 3.75 2025 | yearly | 2001 - 2025 |
| Iran (%) | 2.69 2024 | yearly | 1992 - 2024 |
| Ireland (%) | 9.60 Sep 2025 | quarterly | Mar 1999 - Sep 2025 |
| Israel (%) | 2.13 Sep 2025 | quarterly | Mar 2013 - Sep 2025 |
| Italy (%) | -0.02 Sep 2025 | quarterly | Mar 1997 - Sep 2025 |
| Ivory Coast (%) | 2.80 2024 | yearly | 1992 - 2024 |
| Japan (%) | -0.00 Sep 2025 | quarterly | Mar 1969 - Sep 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 (%) | 0.77 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 (%) | 1.09 Sep 2025 | quarterly | Mar 2003 - Sep 2025 |
| Lebanon (%) | -2.08 2023 | yearly | 1992 - 2023 |
| Lithuania (%) | 5.12 Dec 2025 | quarterly | Mar 1996 - Dec 2025 |
| Luxembourg (%) | 1.22 Sep 2025 | quarterly | Mar 1996 - Sep 2025 |
| Macau SAR, China (%) | 7.30 Dec 2025 | quarterly | Mar 2002 - Dec 2025 |
| North Macedonia (%) | 3.01 Sep 2025 | quarterly | Mar 2005 - Sep 2025 |
| Malawi (%) | -1.78 2024 | yearly | 1992 - 2024 |
| Malaysia (%) | 2.96 Dec 2025 | quarterly | Mar 2001 - Dec 2025 |
| Malta (%) | -1.73 Sep 2025 | quarterly | Dec 2001 - Sep 2025 |
| Mauritius (%) | 4.82 Jun 2025 | quarterly | Mar 2005 - Jun 2025 |
| Mexico (%) | -0.13 Sep 2025 | quarterly | Jun 1996 - Sep 2025 |
| Moldova (%) | 7.83 Sep 2025 | quarterly | Mar 2001 - Sep 2025 |
| Mongolia (%) | 3.94 Sep 2025 | quarterly | Sep 2007 - Sep 2025 |
| Montenegro (%) | 3.97 Sep 2025 | quarterly | Mar 2009 - Sep 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 (%) | 1.55 Dec 2025 | quarterly | Mar 1996 - Dec 2025 |
| New Zealand (%) | 2.53 Sep 2025 | quarterly | Jun 1988 - Sep 2025 |
| Nigeria (%) | 1.14 Sep 2018 | quarterly | Mar 2013 - Sep 2018 |
| Norway (%) | 1.59 Dec 2025 | quarterly | Mar 1996 - Dec 2025 |
| Oman (%) | 2.12 2024 | yearly | 1999 - 2024 |
| Pakistan (%) | -1.23 2019 | yearly | 2001 - 2019 |
| Palestinian Territory (%) | -0.65 Jun 2025 | quarterly | Dec 2009 - Jun 2025 |
| Panama (%) | 1.22 2024 | yearly | 1992 - 2024 |
| Paraguay (%) | 2.07 Jun 2025 | quarterly | Mar 2018 - Jun 2025 |
| Peru (%) | 0.56 2023 | yearly | 2002 - 2023 |
| Philippines (%) | 3.78 2024 | yearly | 1992 - 2024 |
| Poland (%) | 3.15 Sep 2025 | quarterly | Dec 1999 - Sep 2025 |
| Portugal (%) | -0.52 Sep 2025 | quarterly | Mar 1996 - Sep 2025 |
| Qatar (%) | -2.08 2024 | yearly | 2012 - 2024 |
| Romania (%) | 3.87 Sep 2025 | quarterly | Mar 1996 - Sep 2025 |
| Russia (%) | 0.13 Sep 2025 | quarterly | Mar 1996 - Sep 2025 |
| Saudi Arabia (%) | -7.72 2024 | yearly | 1971 - 2024 |
| Serbia (%) | 3.71 Sep 2025 | quarterly | Mar 2015 - Sep 2025 |
| Singapore (%) | 5.10 Dec 2025 | quarterly | Mar 1986 - Dec 2025 |
| Slovakia (%) | 1.33 Sep 2025 | quarterly | Mar 1996 - Sep 2025 |
| Slovenia (%) | 2.16 Sep 2025 | quarterly | Mar 1996 - Sep 2025 |
| South Africa (%) | 1.40 Sep 2025 | quarterly | Mar 2009 - Sep 2025 |
| Spain (%) | 0.37 Dec 2025 | quarterly | Mar 1996 - Dec 2025 |
| Sri Lanka (%) | 2.06 Sep 2025 | quarterly | Jun 2013 - Sep 2025 |
| Sudan (%) | 3.26 2010 | yearly | 1996 - 2010 |
| Sweden (%) | 2.35 Sep 2025 | quarterly | Mar 1994 - Sep 2025 |
| Switzerland (%) | 0.19 Sep 2025 | quarterly | Mar 2011 - Sep 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 (%) | -6.6 2024 | yearly | 2003 - 2024 |
| Consolidated Fiscal Balance (USD mn) | -3,320.820 2025 | yearly | 2003 - 2025 |
| Tax Revenue (USD mn) | 443.232 Nov 2025 | monthly | Jan 1995 - Nov 2025 |
| Tax Revenue: % of GDP (%) | 6.6 Sep 2025 | quarterly | Mar 2007 - Sep 2025 |
| National Government Debt (USD mn) | 59,349.3 Dec 2025 | monthly | Jul 2004 - Dec 2025 |
| Government Debt: % of GDP (%) | 63.7 Jun 2025 | quarterly | Dec 2007 - Jun 2025 |
| Forecast: Government Expenditure (PAB bn) | 25.641 2030 | yearly | 1994 - 2030 |
| Forecast: Government Net Debt (PAB bn) | 70.554 2030 | yearly | 1994 - 2030 |
| Forecast: Government Revenue (PAB bn) | 23.819 2030 | yearly | 1994 - 2030 |
| Central Government Revenue: Current Revenue: Tax (PAB th) | 443,231.781 Nov 2025 | monthly | Jan 1995 - Nov 2025 |
| Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) | 219,865.927 Nov 2025 | monthly | Jan 1995 - Nov 2025 |
| Central Government Revenue: Current Revenue (PAB th) | 574,666.447 Nov 2025 | monthly | Jan 1995 - Nov 2025 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 7.314 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | -972.5 Nov 2025 | monthly | Jan 1964 - Nov 2025 |
| Total Exports (USD mn) | 83.9 Sep 2025 | monthly | Jan 2000 - Sep 2025 |
| Total Exports Growth (%) | 1.3 Nov 2025 | monthly | Jan 2001 - Nov 2025 |
| 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) | 1,042.9 Nov 2025 | monthly | Jan 2000 - Nov 2025 |
| Total Imports Growth (%) | -2.0 Nov 2025 | monthly | Jan 2001 - Nov 2025 |
| 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) | 12.518 Oct 2025 | monthly | Jan 1970 - Oct 2025 |
| Total Imports from USA (USD mn) | 217.715 Oct 2025 | monthly | Jan 1967 - Oct 2025 |
| Total Exports to China (USD mn) | 1,194.503 2022 | yearly | 1999 - 2022 |
| Total Imports from China (USD mn) | 170.014 Oct 2025 | monthly | Mar 1989 - Oct 2025 |
| Exports: FOB: Prawn (PAB th) | 12,896.144 Nov 2025 | monthly | Jan 2000 - Nov 2025 |
| Exports: FOB: Banana (PAB th) | 2,293.212 Nov 2025 | monthly | Jan 2000 - Nov 2025 |
| Exports: FOB: Seafood Products (PAB th) | 4,864.801 Nov 2025 | monthly | Jan 2002 - Nov 2025 |
| Exports: FOB (PAB th) | 70,409.644 Nov 2025 | monthly | Jan 2000 - Nov 2025 |
| Exports: FOB: Asia: Rest of Asia: China (PAB th) | 1,072,958.000 2021 | yearly | 1999 - 2021 |
| Exports: FOB: America: NAFTA: Mexico (PAB th) | 30,335.000 2021 | yearly | 1999 - 2021 |
| 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: Asia: Rest of Asia: Taiwan (PAB th) | 48,718.000 2021 | yearly | 1999 - 2021 |
| Export Value Index (2015=100) | 115.979 2021 | yearly | 1981 - 2021 |
| Import Value Index (2015=100) | 91.522 2021 | yearly | 1981 - 2021 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Direct Investment Abroad (USD mn) | 128.0 Sep 2025 | quarterly | Mar 2013 - Sep 2025 |
| Current Account Balance (USD mn) | -502.9 Sep 2025 | quarterly | Mar 1998 - Sep 2025 |
| Current Account Balance: % of GDP (%) | -2.3 Sep 2025 | quarterly | Mar 2007 - Sep 2025 |
| Foreign Direct Investment (USD mn) | 676.4 Sep 2025 | quarterly | Mar 1998 - Sep 2025 |
| Foreign Direct Investment: % of GDP (%) | 3.1 Sep 2025 | quarterly | Mar 2007 - Sep 2025 |
| Foreign Portfolio Investment (USD mn) | 665.035 Sep 2025 | quarterly | Mar 2013 - Sep 2025 |
| Foreign Portfolio Investment: % of GDP (%) | 3.0 Sep 2025 | quarterly | Mar 2007 - Sep 2025 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | 0.0 Sep 2025 | quarterly | Mar 2013 - Sep 2025 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | 665.035 Sep 2025 | quarterly | Mar 2013 - Sep 2025 |
| External Debt (USD mn) | 48,680.8 Dec 2025 | monthly | Jul 2004 - Dec 2025 |
| External Debt: % of GDP (%) | 169.8 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 (%) | 59.9 2021 | yearly | 1970 - 2021 |
| Forecast: Current Account Balance (USD bn) | -3.036 2030 | yearly | 1980 - 2030 |
| Net International Investment Position (USD mn) | -75,811.580 Sep 2025 | quarterly | Mar 2002 - Sep 2025 |
| BoP: Net Errors and Omissions (PAB mn) | -1,228.288 Sep 2025 | quarterly | Mar 2013 - Sep 2025 |
| Balance of Payment (BoP): Current Account (CA) (PAB mn) | -502.946 Sep 2025 | quarterly | Mar 2013 - Sep 2025 |
| BoP: CA: Goods (PAB mn) | -3,116.496 Sep 2025 | quarterly | Mar 2013 - Sep 2025 |
| BoP: CA: Goods: Credit (PAB mn) | 4,179.957 Sep 2025 | quarterly | Mar 2013 - Sep 2025 |
| BoP: CA: Goods: Debit (PAB mn) | -7,296.453 Sep 2025 | quarterly | Mar 2013 - Sep 2025 |
| BoP: CA: Services: Credit (PAB mn) | 5,634.327 Sep 2025 | quarterly | Mar 2013 - Sep 2025 |
| BoP: CA: Services (PAB mn) | 4,132.275 Sep 2025 | quarterly | Mar 2013 - Sep 2025 |
| BoP: CA: Services: Debit (PAB mn) | -1,502.052 Sep 2025 | quarterly | Mar 2013 - Sep 2025 |
| BoP: CA: Income (PAB mn) | -1,457.621 Sep 2025 | quarterly | Mar 2013 - Sep 2025 |
| BoP: CA: Income: Debit (PAB mn) | -2,560.827 Sep 2025 | quarterly | Mar 2013 - Sep 2025 |
| BoP: Capital Account (PAB mn) | 0.374 Sep 2025 | quarterly | Mar 2013 - Sep 2025 |
| BoP: CA: Income: Credit (PAB mn) | 1,103.205 Sep 2025 | quarterly | Mar 2013 - Sep 2025 |
| BoP: Financing: Reserve Assets (PAB mn) | 466.385 Sep 2025 | quarterly | Mar 2013 - Sep 2025 |
| BoP: FA: Direct Investment (PAB mn) | 548.322 Sep 2025 | quarterly | Mar 2013 - Sep 2025 |
| BoP: Capital Account: Debit (PAB mn) | 0.000 Sep 2025 | quarterly | Mar 2013 - Sep 2025 |
| BoP: FA: Portfolio Investment: Assets (PAB mn) | -2,194.910 Sep 2025 | quarterly | Mar 2013 - Sep 2025 |
| BoP: FA: Portfolio Investment: Liabilities (PAB mn) | 665.035 Sep 2025 | quarterly | Mar 2013 - Sep 2025 |
| BoP: Financial Account (FA) (PAB mn) | 1,301.970 Sep 2025 | quarterly | Mar 2013 - Sep 2025 |
| BoP: Capital Account: Credit (PAB mn) | 0.374 Sep 2025 | quarterly | Mar 2013 - Sep 2025 |
| International Investment Position (IIP) (USD mn) | -75,811.580 Sep 2025 | quarterly | Mar 2015 - Sep 2025 |
| IIP: Assets (USD mn) | 117,266.585 Sep 2025 | quarterly | Mar 2015 - Sep 2025 |
| IIP: Liabilities (USD mn) | 193,078.165 Sep 2025 | quarterly | Mar 2015 - Sep 2025 |
| Foreign Direct Investment (FDI) (PAB mn) | 676.356 Sep 2025 | quarterly | Mar 2013 - Sep 2025 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 1.6 Nov 2025 | monthly | Dec 2008 - Nov 2025 |
| Household Debt: % of GDP (%) | 37.7 Sep 2025 | quarterly | Dec 2007 - Sep 2025 |
| Non-Performing Loans (USD mn) | 1,598.833 Nov 2025 | monthly | Dec 2008 - Nov 2025 |
| Money Supply M1 (USD mn) | 9,066.270 Nov 2025 | monthly | Dec 2002 - Nov 2025 |
| Money Supply M2 (USD mn) | 45,730.080 Nov 2025 | monthly | Dec 2002 - Nov 2025 |
| M2 Growth (%) | 8.4 Nov 2025 | monthly | Dec 2003 - Nov 2025 |
| Foreign Exchange Reserves (USD mn) | 5,644.2 Dec 2025 | monthly | Oct 1969 - Dec 2025 |
| Foreign Exchange Reserves: % of GDP (%) | 4.178 Sep 2025 | quarterly | Dec 2007 - Sep 2025 |
| Foreign Exchange Reserves: Months of Import (NA) | 5.2 Nov 2025 | monthly | Jan 2000 - Nov 2025 |
| Gold Reserves (USD mn) | 0.000 Mar 2024 | monthly | Sep 1969 - Mar 2024 |
| Total Deposits (USD mn) | 115,131.706 Nov 2025 | monthly | Dec 1998 - Nov 2025 |
| Total Deposits Growth (%) | 7.2 Nov 2025 | monthly | Dec 1999 - Nov 2025 |
| Domestic Credit (USD mn) | 64,958.0 Nov 2025 | monthly | Dec 2001 - Nov 2025 |
| Domestic Credit Growth (%) | 1.2 Nov 2025 | monthly | Dec 2002 - Nov 2025 |
| Household Debt (USD mn) | 33,969.4 Nov 2025 | monthly | Oct 2005 - Nov 2025 |
| Total Loans (USD mn) | 102,722.968 Nov 2025 | monthly | Dec 1998 - Nov 2025 |
| Total Loans Growth (%) | 5.67 Nov 2025 | monthly | Dec 1999 - Nov 2025 |
| Private Debt: % of Nominal GDP (%) | 68.25 Jun 2025 | quarterly | Dec 2007 - Jun 2025 |
| Money Supply: M3 (PAB mn) | 45,730.080 Nov 2025 | monthly | Dec 2002 - Nov 2025 |
| LC: National Banking System: Private Sector: Mortgage (PAB mn) | 21,458.796 Nov 2025 | monthly | Dec 2002 - Nov 2025 |
More Indicators for Panama
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