The theoretical review of endogenous growth models and the panel data econometric models relate the growth variables of the Gross Domestic Product (GDP) and the Labor Market (ML) by economic sectors. In the first phase of the research, we worked with Statistical Analysis of Geographic Data (AEDG), using the Geoda software package and a Queen-type contiguity matrix of order 1, in order to be able to visualize the spatial dependence of the Gross Domestic Product (GDP) sector, using the option of Box-Map maps. Resulting in that the most dynamic sector is construction and financial intermediaries. Similarly, with the perspective of expanding the econometric analysis, the grouped models, random effect and fixed effect of panel data were used. Thirteen (13) spatial units and ten (10) economic sectors were considered. In the tests carried out, the electricity, water and gas supply was the sector with the best r2 = 91% within the fixed effect model. This result of the economic growth model points towards an accelerating trend within the economy, generating an increase in employment in Panama.
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