Panama - Wage & Salaries

Panama: Wage & Salaries

Unit Mil. PAB
Annual 5.07 %
Data 2019 17,855
2018 16,992

Series Information

Source Instituto Nacional De Estadistica y Censo (INEC)
Release GDP by Expenditure
Frequency Annual
Start Date 12/31/2007
End Date 12/31/2019

Panama: Labor

Reference Last Previous Units Frequency
Labor Force 2019 2,066 1,986 Ths. Annual
Labor Force Employment 2019 1,920 1,868 Ths. Annual
Unemployment 2019 146.11 118.34 Ths. Annual
Unemployment Rate 2019 7.1 6 % Annual
Wage & Salaries 2019 17,855 16,992 Mil. PAB Annual
Agriculture Employment 2017 300,651 300,062 # Annual
Primary Industries Employment 2012 33,230 30,446 # Annual
Total Employment 2012 687,505 644,251 # Annual

Release Information

From the annual and quarterly national accounts for Panama, expenditure approach (use of GDP) in current and constant prices and production approach (gross value added by industry) in constant prices.

The Bureau of Statistics and Census of the Comptroller General of the Republic hereby presents the methodologies used to calculate the main variables of the Annual National Accounts in Panama, from the main components of gross domestic product (GDP). For the base year 2007 was prepared Table Supply and Utilization (COU), which is a picture of macroeconomic consistency, which has produced and imported supply and destination for goods or services (consumed, invested or exported) in addition to the components of production, intermediate consumption and value added according to economic activity. Because of the complexity of its preparation, years that are not available a calculation of the series in economic activities are applied to the base year annual indicators associated with each activity. Here are the main methodological aspects used for measuring the value added in the various categories of economic activity that make up the GDP and of their components of income and expenses.

The COU was prepared by object produced by row and by economic activity as column, only for the base year 2007. For 2007, all activities were confronted in their levels of production, use of goods and consistency between supply, including imported, and their use as inputs or final demand. Where there were inconsistencies, was used to investigate direct sources alternative references. In calculating the series for economic activities, information is used from surveys, financial, and administrative records. For some activities data which do not have adequate coverage, applies to the base year data, an Annual indicator associated with the activity. The SNA recommends that if possible, be made regular changes of base year even five years each.

Revisions to previous years are common.