Panama

The Panamanian economy marked up its fifth consecutive year of growth in 1994 against a backdrop of price stability. At a little over 4%, the economy's growth rate was lower than the high rates achieved in the preceding years, but even so it was enough to bring per capita GDP back up to the level it had reached prior to the 1988 crisis. Despite this strong performance, however, the open unemployment rate was verging on the disquieting level of 14%.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Peace, Justice and Strong Institutions