The National Institute of Statistics and Census updated the reference year for its national accounts, resolving an eleven-year delay to better reflect Panama’s current economic reality. This modernization ensures that key macroeconomic indicators, such as GDP, are calculated using contemporary data structures, significantly improving the accuracy and relevance of national economic assessments for policymakers and researchers. Concurrently, technical assistance aims to develop a technological platform that harmonizes quarterly accounts, streamlining data compilation and evaluation processes. By integrating advanced benchmarking techniques, the institution seeks to enhance the systematic analysis of economic trends, ensuring that future statistical reports are more consistent, reliable, and responsive to the growing demand for timely and precise economic information. Furthermore, the imminent publication of the Labor Market Survey will provide critical insights into employment, unemployment, and informality levels across the country. This initiative is vital for open data, as it demonstrates a commitment to transparency and the release of high-quality, granular datasets, enabling civil society and developers to analyze socioeconomic conditions and foster evidence-based decision-making based on accessible government statistics.
Source:Published on 2023-10-01
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