Panama Labour Productivity Growth
1992 - 2023 | Yearly | % | CEIC Data
Key information about Panama Labour Productivity Growth
- Panama Labour Productivity dropped by 4.33 % YoY in Dec 2023, compared with a growth of 5.30 % in the previous year
- Panama Labour Productivity Growth data is updated yearly, available from Dec 1992 to Dec 2023, averaging at 3.55 %
- The data reached an all-time high of 9.66 % in Dec 2011 and a record low of -4.91 % 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 2023 in the chart:
What was Panama's Labour Productivity Growth in 2023?
Panama Labour Productivity dropped by 4.33 % YoY in Dec 2023, compared with a growth of 5.30 % in the previous year See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 4.33 2023 | 5.30 2022 | -4.91 2020 | 9.66 2011 | % | yearly | 1992 - 2023 |
Labour Productivity Growth by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 1.59 Jun 2023 | quarterly | Mar 2010 - Jun 2023 |
| Algeria (%) | 0.71 2023 | yearly | 1992 - 2023 |
| Argentina (%) | -4.29 2023 | yearly | 1992 - 2023 |
| Armenia (%) | 8.23 Jun 2024 | quarterly | Mar 2009 - Jun 2024 |
| Australia (%) | -1.74 Sep 2024 | quarterly | Jun 1979 - Sep 2024 |
| Austria (%) | -0.66 Sep 2024 | quarterly | Mar 2005 - Sep 2024 |
| Azerbaijan (%) | 3.27 Jun 2024 | quarterly | Mar 2009 - Jun 2024 |
| Bahrain (%) | -4.05 Jun 2023 | quarterly | Mar 2009 - Jun 2023 |
| Bangladesh (%) | 4.20 2023 | yearly | 1992 - 2023 |
| Belarus (%) | 5.31 Jun 2024 | quarterly | Mar 2006 - Jun 2024 |
| Belgium (%) | -0.31 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
| Bolivia (%) | 0.41 2023 | yearly | 2000 - 2023 |
| Bosnia and Herzegovina (%) | -0.81 2023 | yearly | 2007 - 2023 |
| Botswana (%) | 7.29 Dec 2022 | quarterly | Sep 2008 - Dec 2022 |
| Brazil (%) | 1.85 2023 | yearly | 1992 - 2023 |
| Brunei (%) | -1.49 2023 | yearly | 1992 - 2023 |
| Bulgaria (%) | 0.56 Jun 2024 | quarterly | Mar 2001 - Jun 2024 |
| Cambodia (%) | 1.04 2021 | yearly | 2008 - 2021 |
| Canada (%) | -0.17 Sep 2024 | quarterly | Mar 1977 - Sep 2024 |
| Chile (%) | -0.25 Sep 2024 | quarterly | Mar 1987 - Sep 2024 |
| China (%) | 4.27 2023 | yearly | 1953 - 2023 |
| Colombia (%) | 1.45 Sep 2024 | quarterly | Mar 2002 - Sep 2024 |
| Croatia (%) | -1.53 Sep 2024 | quarterly | Mar 2008 - Sep 2024 |
| Cyprus (%) | 1.85 Sep 2024 | quarterly | Jun 2005 - Sep 2024 |
| Czech Republic (%) | -1.09 Jun 2024 | quarterly | Mar 1997 - Jun 2024 |
| Denmark (%) | 2.92 Sep 2024 | quarterly | Mar 1991 - Sep 2024 |
| Ecuador (%) | 0.24 2022 | yearly | 1992 - 2022 |
| Egypt (%) | 0.46 Jun 2024 | quarterly | Mar 2004 - Jun 2024 |
| Estonia (%) | -1.39 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| European Union (%) | 0.29 Sep 2024 | quarterly | Mar 2006 - Sep 2024 |
| Finland (%) | 0.50 Jun 2024 | quarterly | Mar 1991 - Jun 2024 |
| France (%) | -0.13 2023 | yearly | 1979 - 2023 |
| Georgia (%) | 3.38 2023 | yearly | 1997 - 2023 |
| Germany (%) | 0.00 Sep 2024 | quarterly | Mar 1992 - Sep 2024 |
| Ghana (%) | 0.65 2023 | yearly | 1992 - 2023 |
| Greece (%) | 1.45 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| Hong Kong SAR, China (%) | 2.22 Sep 2024 | quarterly | Dec 1982 - Sep 2024 |
| Hungary (%) | -0.75 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Iceland (%) | -6.43 Sep 2024 | quarterly | Mar 2004 - Sep 2024 |
| India (%) | 2.38 2022 | yearly | 1992 - 2022 |
| Indonesia (%) | 1.63 2023 | yearly | 2001 - 2023 |
| Iran (%) | 3.00 2023 | yearly | 1992 - 2023 |
| Ireland (%) | -0.77 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Israel (%) | -2.24 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| Italy (%) | -1.08 Sep 2024 | quarterly | Mar 1997 - Sep 2024 |
| Ivory Coast (%) | 3.12 2023 | yearly | 1992 - 2023 |
| Japan (%) | -0.12 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Jordan (%) | 1.17 2021 | yearly | 2001 - 2021 |
| Kazakhstan (%) | 3.91 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
| Kenya (%) | 0.50 2023 | yearly | 2011 - 2023 |
| South Korea (%) | 0.94 Sep 2024 | quarterly | Sep 1983 - Sep 2024 |
| Kosovo (%) | -6.22 Dec 2023 | quarterly | Mar 2017 - Dec 2023 |
| Kuwait (%) | 1.60 2018 | yearly | 1992 - 2018 |
| Kyrgyzstan (%) | 3.15 2023 | yearly | 1993 - 2023 |
| Laos (%) | 1.51 2023 | yearly | 1992 - 2023 |
| Latvia (%) | 0.11 Jun 2024 | quarterly | Mar 2003 - Jun 2024 |
| Lebanon (%) | 2.12 2023 | yearly | 1992 - 2023 |
| Lithuania (%) | 1.63 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| Luxembourg (%) | -0.55 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| Macau SAR, China (%) | 1.89 Sep 2024 | quarterly | Mar 2002 - Sep 2024 |
| North Macedonia (%) | 1.97 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
| Malawi (%) | -2.12 2023 | yearly | 1992 - 2023 |
| Malaysia (%) | 2.41 Sep 2024 | quarterly | Mar 2001 - Sep 2024 |
| Malta (%) | -0.04 Sep 2024 | quarterly | Dec 2001 - Sep 2024 |
| Mauritius (%) | 33.41 Mar 2024 | quarterly | Mar 2005 - Mar 2024 |
| Mexico (%) | 1.03 Sep 2024 | quarterly | Jun 1996 - Sep 2024 |
| Moldova (%) | 6.48 Jun 2024 | quarterly | Mar 2001 - Jun 2024 |
| Mongolia (%) | 1.34 Sep 2024 | quarterly | Sep 2007 - Sep 2024 |
| Montenegro (%) | 1.43 Jun 2024 | quarterly | Mar 2011 - Jun 2024 |
| Morocco (%) | 4.95 2023 | yearly | 2000 - 2023 |
| Mozambique (%) | 1.44 2023 | yearly | 1992 - 2023 |
| Myanmar (%) | 63.00 2021 | yearly | 1992 - 2021 |
| Nepal (%) | -0.24 2023 | yearly | 1992 - 2023 |
| Netherlands (%) | 0.82 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| New Zealand (%) | -0.18 Jun 2024 | quarterly | Jun 1988 - Jun 2024 |
| Nigeria (%) | 1.14 Sep 2018 | quarterly | Mar 2013 - Sep 2018 |
| Norway (%) | 2.96 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| Oman (%) | -4.24 2023 | yearly | 1999 - 2023 |
| Pakistan (%) | -1.23 2019 | yearly | 2001 - 2019 |
| Palestinian Territory (%) | 1.78 Sep 2023 | quarterly | Dec 2009 - Sep 2023 |
| Panama (%) | 4.33 2023 | yearly | 1992 - 2023 |
| Paraguay (%) | 6.19 Jun 2024 | quarterly | Mar 2018 - Jun 2024 |
| Peru (%) | -0.87 2022 | yearly | 2002 - 2022 |
| Philippines (%) | 1.98 2023 | yearly | 1992 - 2023 |
| Poland (%) | 1.57 Sep 2024 | quarterly | Dec 1999 - Sep 2024 |
| Portugal (%) | 0.03 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| Qatar (%) | -1.09 2023 | yearly | 2012 - 2023 |
| Romania (%) | -0.05 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| Russia (%) | 3.11 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| Saudi Arabia (%) | -3.93 2022 | yearly | 1971 - 2022 |
| Serbia (%) | 1.87 Sep 2024 | quarterly | Mar 2015 - Sep 2024 |
| Singapore (%) | 4.10 Sep 2024 | quarterly | Mar 1986 - Sep 2024 |
| Slovakia (%) | 1.62 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| Slovenia (%) | 1.49 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| South Africa (%) | -0.89 Sep 2024 | quarterly | Mar 2009 - Sep 2024 |
| Spain (%) | 1.45 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| Sri Lanka (%) | 5.03 Jun 2024 | quarterly | Jun 2013 - Jun 2024 |
| Sudan (%) | 3.26 2010 | yearly | 1996 - 2010 |
| Sweden (%) | 1.98 Sep 2024 | quarterly | Mar 1994 - Sep 2024 |
| Switzerland (%) | 1.47 Sep 2024 | quarterly | Mar 2011 - Sep 2024 |
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Learn more about what we doPanama Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -3.0 2023 | yearly | 2003 - 2023 |
| Consolidated Fiscal Balance (USD mn) | -2,462.500 2023 | yearly | 2003 - 2023 |
| Tax Revenue (USD mn) | 376.798 Oct 2024 | monthly | Jan 1995 - Oct 2024 |
| Tax Revenue: % of GDP (%) | 5.5 Sep 2024 | quarterly | Mar 2007 - Sep 2024 |
| National Government Debt (USD mn) | 53,809.6 Oct 2024 | monthly | Jul 2004 - Oct 2024 |
| Government Debt: % of GDP (%) | 61.6 Sep 2024 | quarterly | Dec 2007 - Sep 2024 |
| Forecast: Government Expenditure (PAB bn) | 23.007 2029 | yearly | 1994 - 2029 |
| Forecast: Government Net Debt (PAB bn) | 59.883 2029 | yearly | 1994 - 2029 |
| Forecast: Government Revenue (PAB bn) | 21.105 2029 | yearly | 1994 - 2029 |
| Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) | 150,376.752 Oct 2024 | monthly | Jan 1995 - Oct 2024 |
| Central Government Revenue: Current Revenue: Tax (PAB th) | 376,797.799 Oct 2024 | monthly | Jan 1995 - Oct 2024 |
| Central Government Revenue: Current Revenue (PAB th) | 509,360.329 Oct 2024 | monthly | Jan 1995 - Oct 2024 |
| Public Debt: Domestic (USD mn) | 9,723.943 Oct 2024 | monthly | Jul 2004 - Oct 2024 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 7.314 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | -1,259.9 Oct 2024 | monthly | Jan 1964 - Oct 2024 |
| Total Exports (USD mn) | 145.2 Feb 2023 | monthly | Jan 2000 - Feb 2023 |
| Total Exports Growth (%) | -71.9 Oct 2024 | monthly | Jan 2001 - Oct 2024 |
| Aluminum: Exports (USD th) | 6,067.531 2023 | yearly | 1995 - 2023 |
| Exports: Medicament (USD th) | 329,464.345 2023 | yearly | 1995 - 2023 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 10,079.101 2023 | yearly | 1995 - 2023 |
| Total Imports (USD mn) | 1,349.5 Oct 2024 | monthly | Jan 2000 - Oct 2024 |
| Total Imports Growth (%) | 8.2 Oct 2024 | monthly | Jan 2001 - Oct 2024 |
| Imports: Medicament (USD th) | 1,071,085.390 2023 | yearly | 1995 - 2023 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 333,744.579 2023 | yearly | 1995 - 2023 |
| Total Exports to USA (USD mn) | 15.472 Aug 2024 | monthly | Jan 1970 - Aug 2024 |
| Total Imports from USA (USD mn) | 212.491 Aug 2024 | monthly | Jan 1967 - Aug 2024 |
| Total Exports to China (USD mn) | 1,072.958 2021 | yearly | 1999 - 2021 |
| Total Imports from China (USD mn) | 233.776 Aug 2024 | monthly | Mar 1989 - Aug 2024 |
| 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) | 94.7 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| Current Account Balance (USD mn) | 434.7 Jun 2024 | quarterly | Mar 1998 - Jun 2024 |
| Current Account Balance: % of GDP (%) | 2.2 Jun 2024 | quarterly | Mar 2007 - Jun 2024 |
| Foreign Direct Investment (USD mn) | 731.9 Jun 2024 | quarterly | Mar 1998 - Jun 2024 |
| Foreign Direct Investment: % of GDP (%) | 3.8 Jun 2024 | quarterly | Mar 2007 - Jun 2024 |
| Foreign Portfolio Investment (USD mn) | 46.336 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| Foreign Portfolio Investment: % of GDP (%) | 0.2 Jun 2024 | quarterly | Mar 2007 - Jun 2024 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | 0.0 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | 46.336 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| External Debt (USD mn) | 44,085.7 Oct 2024 | monthly | Jul 2004 - Oct 2024 |
| 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) | -2.904 2029 | yearly | 1980 - 2029 |
| Net International Investment Position (USD mn) | -74,373.797 Jun 2024 | quarterly | Mar 2002 - Jun 2024 |
| BoP: Net Errors and Omissions (PAB mn) | -1,074.780 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| Balance of Payment (BoP): Current Account (CA) (PAB mn) | 434.679 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| BoP: CA: Services: Debit (PAB mn) | -1,204.292 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| BoP: CA: Goods: Debit (PAB mn) | -6,501.463 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| BoP: CA: Income (PAB mn) | -699.429 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| BoP: Capital Account (PAB mn) | 2.490 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| BoP: CA: Income: Credit (PAB mn) | 1,040.920 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| BoP: CA: Income: Debit (PAB mn) | -1,740.348 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| BoP: FA: Direct Investment (PAB mn) | 637.235 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| BoP: FA: Portfolio Investment: Liabilities (PAB mn) | 46.336 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| BoP: Capital Account: Debit (PAB mn) | 0.000 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| BoP: CA: Services: Credit (PAB mn) | 4,997.525 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| BoP: Financial Account (FA) (PAB mn) | -1,712.281 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| BoP: CA: Goods: Credit (PAB mn) | 3,860.024 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| BoP: CA: Services (PAB mn) | 3,793.233 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| BoP: Financing: Reserve Assets (PAB mn) | 2,511.505 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| BoP: FA: Portfolio Investment: Assets (PAB mn) | -1,071.876 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| BoP: CA: Goods (PAB mn) | -2,641.439 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| BoP: Capital Account: Credit (PAB mn) | 2.490 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| International Investment Position (IIP) (USD mn) | -74,373.797 Jun 2024 | quarterly | Mar 2015 - Jun 2024 |
| IIP: Liabilities (USD mn) | 178,485.854 Jun 2024 | quarterly | Mar 2015 - Jun 2024 |
| IIP: Assets (USD mn) | 104,112.057 Jun 2024 | quarterly | Mar 2015 - Jun 2024 |
| Foreign Direct Investment (FDI) (PAB mn) | 731.906 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 1.6 Oct 2024 | monthly | Dec 2008 - Oct 2024 |
| Household Debt: % of GDP (%) | 38.3 Sep 2024 | quarterly | Dec 2007 - Sep 2024 |
| Non-Performing Loans (USD mn) | 1,559.690 Oct 2024 | monthly | Dec 2008 - Oct 2024 |
| Money Supply M1 (USD mn) | 8,749.080 Jul 2024 | monthly | Dec 2002 - Jul 2024 |
| Money Supply M2 (USD mn) | 41,290.250 Jul 2024 | monthly | Dec 2002 - Jul 2024 |
| M2 Growth (%) | 8.7 Jul 2024 | monthly | Dec 2003 - Jul 2024 |
| Foreign Exchange Reserves (USD mn) | 5,684.4 Oct 2024 | monthly | Oct 1969 - Oct 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 5.697 Sep 2024 | quarterly | Dec 2007 - Sep 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 4.2 Oct 2024 | monthly | Jan 2000 - Oct 2024 |
| Gold Reserves (USD mn) | 0.000 Mar 2024 | monthly | Sep 1969 - Mar 2024 |
| Total Deposits (USD mn) | 107,351.873 Sep 2024 | monthly | Dec 1998 - Sep 2024 |
| Total Deposits Growth (%) | 6.8 Sep 2024 | monthly | Dec 1999 - Sep 2024 |
| Domestic Credit (USD mn) | 64,079.3 Oct 2024 | monthly | Dec 2001 - Oct 2024 |
| Domestic Credit Growth (%) | 5.8 Oct 2024 | monthly | Dec 2002 - Oct 2024 |
| Household Debt (USD mn) | 32,710.8 Oct 2024 | monthly | Oct 2005 - Oct 2024 |
| Total Loans (USD mn) | 96,404.929 Sep 2024 | monthly | Dec 1998 - Sep 2024 |
| Total Loans Growth (%) | 8.77 Sep 2024 | monthly | Dec 1999 - Sep 2024 |
| Private Debt: % of Nominal GDP (%) | 69.77 Sep 2024 | quarterly | Dec 2007 - Sep 2024 |
| Money Supply: M3 (PAB mn) | 41,290.250 Jul 2024 | monthly | Dec 2002 - Jul 2024 |
More Indicators for Panama
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