Panama Labour Force Participation Rate
2003 - 2024 | Yearly | % | National Institute of Statistics and Census
Key information about Panama Labour Force Participation Rate
- Panama Labour Force Participation Rate increased to 63.3 % in Aug 2024, compared with 62.4 % in the previous year.
- Panama Labour Force Participation Rate is updated yearly, available from Aug 2003 to Aug 2024, with an average rate of 64.1 % .
- The data reached the an all-time high of 66.5 % in Aug 2019 and a record low of 60.4 % in Aug 2021.
- Panama Labour Force Participation Rate is reported by reported by National Institute of Statistics and Census.
- In the latest reports, Panama Population reached 4.5 million people in Jun 2024.
- Unemployment Rate of Panama increased to 9.5 % in Aug 2024.
- The country's Monthly Earnings stood at 1,310.4 USD in Aug 2024.
View Panama's Labour Force Participation Rate from 2003 to 2024 in the chart:
What was Panama's Labour Force Participation Rate in 2024?
Panama Labour Force Participation Rate increased to 63.3 % in Aug 2024, compared with 62.4 % in the previous year. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 63.3 2024 | 62.4 2023 | 60.4 2021 | 66.5 2019 | % | yearly | 2003 - 2024 |
Labour Force Participation Rate by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 64.0 Sep 2025 | quarterly | Mar 2012 - Sep 2025 |
| Algeria (%) | 41.7 2018 | yearly | 2003 - 2018 |
| Argentina (%) | 61.9 2025 | yearly | 1990 - 2025 |
| Armenia (%) | 59.0 Sep 2025 | quarterly | Mar 2008 - Sep 2025 |
| Australia (%) | 67.1 Dec 2025 | monthly | Feb 1978 - Dec 2025 |
| Austria (%) | 77.1 Jun 2022 | quarterly | Mar 2021 - Jun 2022 |
| Azerbaijan (%) | 63.3 2025 | yearly | 1990 - 2025 |
| Bahrain (%) | 70.4 2025 | yearly | 1990 - 2025 |
| Bangladesh (%) | 58.8 2025 | yearly | 1990 - 2025 |
| Belarus (%) | 86.7 2024 | yearly | 1995 - 2024 |
| Belgium (%) | 72.1 Sep 2025 | quarterly | Mar 1999 - Sep 2025 |
| Bolivia (%) | 79.4 Sep 2025 | quarterly | Dec 2015 - Sep 2025 |
| Bosnia and Herzegovina (%) | 49.1 2024 | yearly | 2006 - 2024 |
| Botswana (%) | 68.8 2025 | yearly | 1990 - 2025 |
| Brazil (%) | 62.1 Dec 2025 | monthly | Mar 2012 - Dec 2025 |
| Brunei (%) | 64.2 2025 | yearly | 1990 - 2025 |
| Bulgaria (%) | 54.8 Dec 2025 | quarterly | Jun 2000 - Dec 2025 |
| Cambodia (%) | 84.2 2023 | yearly | 2020 - 2023 |
| Canada (%) | 64.2 Jan 2026 | monthly | Jan 1976 - Jan 2026 |
| Chile (%) | 62.1 Dec 2025 | monthly | Mar 2009 - Dec 2025 |
| China (%) | 64.6 2025 | yearly | 1990 - 2025 |
| Colombia (%) | 63.6 Jan 2026 | monthly | Jan 2001 - Jan 2026 |
| Croatia (%) | 54.2 Sep 2025 | quarterly | Mar 2007 - Sep 2025 |
| Cyprus (%) | 65.2 Dec 2025 | quarterly | Jun 1999 - Dec 2025 |
| Czech Republic (%) | 61.2 Dec 2025 | quarterly | Mar 1993 - Dec 2025 |
| Denmark (%) | 74.2 Jan 2026 | monthly | Jan 2007 - Jan 2026 |
| Ecuador (%) | 64.1 Dec 2025 | quarterly | Dec 2013 - Dec 2025 |
| Egypt (%) | 44.2 2024 | yearly | 2009 - 2024 |
| Estonia (%) | 65.2 Dec 2025 | quarterly | Mar 2000 - Dec 2025 |
| European Union (%) | 76.8 2024 | yearly | 1990 - 2024 |
| Finland (%) | 67.7 Jan 2026 | monthly | May 2004 - Jan 2026 |
| France (%) | 75.4 Dec 2025 | quarterly | Mar 2003 - Dec 2025 |
| Georgia (%) | 54.5 2025 | yearly | 1998 - 2025 |
| Germany (%) | 57.0 Dec 2025 | quarterly | Mar 2007 - Dec 2025 |
| Ghana (%) | 58.5 2025 | yearly | 1990 - 2025 |
| Greece (%) | 60.3 Dec 2025 | monthly | Jan 2004 - Dec 2025 |
| Hong Kong SAR, China (%) | 56.7 Jan 2026 | monthly | Dec 1981 - Jan 2026 |
| Hungary (%) | 68.0 Dec 2025 | quarterly | Mar 2009 - Dec 2025 |
| Iceland (%) | 79.8 Dec 2024 | monthly | Jan 2003 - Dec 2024 |
| India (%) | 45.1 2024 | yearly | 1990 - 2024 |
| Indonesia (%) | 70.6 Aug 2025 | semiannually | Feb 2005 - Aug 2025 |
| Iran (%) | 41.0 Dec 2022 | quarterly | Jun 2018 - Dec 2022 |
| Ireland (%) | 65.8 Dec 2025 | quarterly | Mar 1998 - Dec 2025 |
| Israel (%) | 62.5 Jan 2026 | monthly | Jan 2012 - Jan 2026 |
| Italy (%) | 66.1 Dec 2025 | monthly | Jan 2004 - Dec 2025 |
| Ivory Coast (%) | 67.1 2025 | yearly | 1990 - 2025 |
| Japan (%) | 63.5 Jan 2026 | monthly | Jan 1968 - Jan 2026 |
| Jordan (%) | 40.1 2025 | yearly | 1990 - 2025 |
| Kazakhstan (%) | 67.9 Sep 2025 | quarterly | Jun 2001 - Sep 2025 |
| Kenya (%) | 67.4 2025 | yearly | 1990 - 2025 |
| South Korea (%) | 63.6 Jan 2026 | monthly | Jun 1999 - Jan 2026 |
| Kosovo (%) | 43.6 Dec 2024 | quarterly | Mar 2016 - Dec 2024 |
| Kuwait (%) | 73.4 2025 | yearly | 1990 - 2025 |
| Kyrgyzstan (%) | 59.3 2024 | yearly | 1994 - 2024 |
| Laos (%) | 66.1 2025 | yearly | 1990 - 2025 |
| Latvia (%) | 69.4 Dec 2025 | quarterly | Mar 2002 - Dec 2025 |
| Lebanon (%) | 43.4 2023 | yearly | 1990 - 2023 |
| Lithuania (%) | 62.6 Dec 2025 | quarterly | Jun 1998 - Dec 2025 |
| Luxembourg (%) | 54.7 2024 | yearly | 2000 - 2024 |
| Macau SAR, China (%) | 67.1 Jan 2026 | monthly | Sep 1996 - Jan 2026 |
| North Macedonia (%) | 52.8 Dec 2025 | quarterly | Sep 2021 - Dec 2025 |
| Malawi (%) | 62.6 2025 | yearly | 1990 - 2025 |
| Malaysia (%) | 70.9 Dec 2025 | monthly | Jan 2010 - Dec 2025 |
| Malta (%) | 84.0 Sep 2025 | quarterly | Mar 2018 - Sep 2025 |
| Mauritius (%) | 59.4 Sep 2025 | quarterly | Mar 2004 - Sep 2025 |
| Mexico (%) | 58.5 Jan 2026 | monthly | Jan 2005 - Jan 2026 |
| Moldova (%) | 44.9 Sep 2025 | quarterly | Mar 2015 - Sep 2025 |
| Mongolia (%) | 62.3 Dec 2025 | quarterly | Sep 2006 - Dec 2025 |
| Montenegro (%) | 61.0 Jun 2025 | quarterly | Mar 2008 - Jun 2025 |
| Morocco (%) | 43.3 Sep 2025 | quarterly | Mar 1999 - Sep 2025 |
| Mozambique (%) | 78.7 2025 | yearly | 1990 - 2025 |
| Myanmar (%) | 61.1 2024 | yearly | 1991 - 2024 |
| Nepal (%) | 39.2 2025 | yearly | 1990 - 2025 |
| Netherlands (%) | 72.9 Jan 2026 | monthly | Jan 2003 - Jan 2026 |
| New Zealand (%) | 70.9 Dec 2025 | quarterly | Mar 1986 - Dec 2025 |
| Nigeria (%) | 82.5 2025 | yearly | 1990 - 2025 |
| Norway (%) | 65.0 2024 | yearly | 1989 - 2024 |
| Oman (%) | 68.4 2025 | yearly | 1990 - 2025 |
| Pakistan (%) | 32.3 2021 | yearly | 1990 - 2021 |
| Palestinian Territory (%) | 45.4 Dec 2025 | quarterly | Jun 2002 - Dec 2025 |
| Panama (%) | 63.3 2024 | yearly | 2003 - 2024 |
| Paraguay (%) | 73.4 Dec 2025 | quarterly | Mar 2017 - Dec 2025 |
| Peru (%) | 72.4 2022 | yearly | 2001 - 2022 |
| Philippines (%) | 63.6 Oct 2025 | quarterly | Jul 2003 - Oct 2025 |
| Poland (%) | 59.0 Dec 2025 | quarterly | Mar 2010 - Dec 2025 |
| Portugal (%) | 61.2 Dec 2025 | quarterly | Mar 2011 - Dec 2025 |
| Qatar (%) | 87.7 2023 | yearly | 2006 - 2023 |
| Romania (%) | 51.6 Sep 2025 | quarterly | Mar 1996 - Sep 2025 |
| Russia (%) | 69.5 Dec 2025 | monthly | Aug 2009 - Dec 2025 |
| Saudi Arabia (%) | 67.1 Jun 2025 | quarterly | Jun 2016 - Jun 2025 |
| Serbia (%) | 55.9 Sep 2025 | quarterly | Mar 2014 - Sep 2025 |
| Slovakia (%) | 61.5 Sep 2025 | quarterly | Mar 2021 - Sep 2025 |
| Slovenia (%) | 58.5 Dec 2025 | quarterly | Mar 2008 - Dec 2025 |
| South Africa (%) | 59.3 Dec 2025 | quarterly | Mar 2008 - Dec 2025 |
| Spain (%) | 58.9 Dec 2025 | quarterly | Mar 2002 - Dec 2025 |
| Sri Lanka (%) | 49.9 Sep 2025 | quarterly | Mar 2004 - Sep 2025 |
| Sudan (%) | 47.6 2023 | yearly | 1990 - 2023 |
| Sweden (%) | 74.4 Jan 2026 | monthly | Jan 2001 - Jan 2026 |
| Switzerland (%) | 67.5 Dec 2025 | quarterly | Mar 2010 - Dec 2025 |
| Syria (%) | 36.9 2025 | yearly | 1990 - 2025 |
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Learn more about what we doPanama Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -6.6 2024 | yearly | 2003 - 2024 |
| Consolidated Fiscal Balance (USD mn) | -3,320.820 2025 | yearly | 2003 - 2025 |
| Tax Revenue (USD mn) | 734.410 Dec 2025 | monthly | Jan 1995 - Dec 2025 |
| Tax Revenue: % of GDP (%) | 6.6 Sep 2025 | quarterly | Mar 2007 - Sep 2025 |
| National Government Debt (USD mn) | 59,349.3 Dec 2025 | monthly | Jul 2004 - Dec 2025 |
| Government Debt: % of GDP (%) | 63.7 Jun 2025 | quarterly | Dec 2007 - Jun 2025 |
| Forecast: Government Expenditure (PAB bn) | 25.641 2030 | yearly | 1994 - 2030 |
| Forecast: Government Net Debt (PAB bn) | 70.554 2030 | yearly | 1994 - 2030 |
| Forecast: Government Revenue (PAB bn) | 23.819 2030 | yearly | 1994 - 2030 |
| Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) | 505,192.192 Dec 2025 | monthly | Jan 1995 - Dec 2025 |
| Central Government Revenue: Current Revenue (PAB th) | 3,463,911.077 Dec 2025 | monthly | Jan 1995 - Dec 2025 |
| Central Government Revenue: Current Revenue: Tax (PAB th) | 734,410.208 Dec 2025 | monthly | Jan 1995 - Dec 2025 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 7.314 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | -1,221.9 Dec 2025 | monthly | Jan 1964 - Dec 2025 |
| Total Exports (USD mn) | 83.9 Sep 2025 | monthly | Jan 2000 - Sep 2025 |
| Total Exports Growth (%) | -5.5 Dec 2025 | monthly | Jan 2001 - Dec 2025 |
| Aluminum: Exports (USD th) | 29,822.596 2024 | yearly | 1995 - 2024 |
| Exports: Medicament (USD th) | 295,370.102 2024 | yearly | 1995 - 2024 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 16,991.392 2024 | yearly | 1995 - 2024 |
| Total Imports (USD mn) | 1,296.6 Dec 2025 | monthly | Jan 2000 - Dec 2025 |
| Total Imports Growth (%) | 13.3 Dec 2025 | monthly | Jan 2001 - Dec 2025 |
| Imports: Medicament (USD th) | 725,843.056 2024 | yearly | 1995 - 2024 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 233,578.902 2024 | yearly | 1995 - 2024 |
| Total Exports to USA (USD mn) | 16.318 Nov 2025 | monthly | Jan 1970 - Nov 2025 |
| Total Imports from USA (USD mn) | 197.970 Nov 2025 | monthly | Jan 1967 - Nov 2025 |
| Total Exports to China (USD mn) | 1,194.503 2022 | yearly | 1999 - 2022 |
| Total Imports from China (USD mn) | 154.594 Nov 2025 | monthly | Mar 1989 - Nov 2025 |
| Exports: FOB: Prawn (PAB th) | 12,175.903 Dec 2025 | monthly | Jan 2000 - Dec 2025 |
| Exports: FOB: Banana (PAB th) | 2,306.126 Dec 2025 | monthly | Jan 2000 - Dec 2025 |
| Exports: FOB: Seafood Products (PAB th) | 7,910.534 Dec 2025 | monthly | Jan 2002 - Dec 2025 |
| Exports: FOB (PAB th) | 74,680.511 Dec 2025 | monthly | Jan 2000 - Dec 2025 |
| Exports: FOB: Asia: Rest of Asia: China (PAB th) | 1,072,958.000 2021 | yearly | 1999 - 2021 |
| Exports: FOB: America: NAFTA: Mexico (PAB th) | 30,335.000 2021 | yearly | 1999 - 2021 |
| Exports: FOB: Raw Wood (PAB th) | 7,428.13 Apr 2018 | monthly | Jan 2017 - Apr 2018 |
| Exports: FOB: Waste & Scrap of Steel, Copper & Aluminum (PAB th) | 6,147.94 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) | 128.0 Sep 2025 | quarterly | Mar 2013 - Sep 2025 |
| Current Account Balance (USD mn) | -502.9 Sep 2025 | quarterly | Mar 1998 - Sep 2025 |
| Current Account Balance: % of GDP (%) | -2.3 Sep 2025 | quarterly | Mar 2007 - Sep 2025 |
| Foreign Direct Investment (USD mn) | 676.4 Sep 2025 | quarterly | Mar 1998 - Sep 2025 |
| Foreign Direct Investment: % of GDP (%) | 3.1 Sep 2025 | quarterly | Mar 2007 - Sep 2025 |
| Foreign Portfolio Investment (USD mn) | 665.035 Sep 2025 | quarterly | Mar 2013 - Sep 2025 |
| Foreign Portfolio Investment: % of GDP (%) | 3.0 Sep 2025 | quarterly | Mar 2007 - Sep 2025 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | 0.0 Sep 2025 | quarterly | Mar 2013 - Sep 2025 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | 665.035 Sep 2025 | quarterly | Mar 2013 - Sep 2025 |
| External Debt (USD mn) | 48,680.8 Dec 2025 | monthly | Jul 2004 - Dec 2025 |
| External Debt: % of GDP (%) | 169.8 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 (%) | 59.9 2021 | yearly | 1970 - 2021 |
| Forecast: Current Account Balance (USD bn) | -3.036 2030 | yearly | 1980 - 2030 |
| Net International Investment Position (USD mn) | -75,811.580 Sep 2025 | quarterly | Mar 2002 - Sep 2025 |
| BoP: Net Errors and Omissions (PAB mn) | -1,228.288 Sep 2025 | quarterly | Mar 2013 - Sep 2025 |
| Balance of Payment (BoP): Current Account (CA) (PAB mn) | -502.946 Sep 2025 | quarterly | Mar 2013 - Sep 2025 |
| BoP: CA: Services: Debit (PAB mn) | -1,502.052 Sep 2025 | quarterly | Mar 2013 - Sep 2025 |
| BoP: CA: Goods (PAB mn) | -3,116.496 Sep 2025 | quarterly | Mar 2013 - Sep 2025 |
| BoP: CA: Goods: Credit (PAB mn) | 4,179.957 Sep 2025 | quarterly | Mar 2013 - Sep 2025 |
| BoP: Capital Account: Debit (PAB mn) | 0.000 Sep 2025 | quarterly | Mar 2013 - Sep 2025 |
| BoP: CA: Services (PAB mn) | 4,132.275 Sep 2025 | quarterly | Mar 2013 - Sep 2025 |
| BoP: FA: Portfolio Investment: Liabilities (PAB mn) | 665.035 Sep 2025 | quarterly | Mar 2013 - Sep 2025 |
| BoP: CA: Income: Credit (PAB mn) | 1,103.205 Sep 2025 | quarterly | Mar 2013 - Sep 2025 |
| BoP: FA: Direct Investment (PAB mn) | 548.322 Sep 2025 | quarterly | Mar 2013 - Sep 2025 |
| BoP: Capital Account (PAB mn) | 0.374 Sep 2025 | quarterly | Mar 2013 - Sep 2025 |
| BoP: Capital Account: Credit (PAB mn) | 0.374 Sep 2025 | quarterly | Mar 2013 - Sep 2025 |
| BoP: CA: Goods: Debit (PAB mn) | -7,296.453 Sep 2025 | quarterly | Mar 2013 - Sep 2025 |
| BoP: Financing: Reserve Assets (PAB mn) | 466.385 Sep 2025 | quarterly | Mar 2013 - Sep 2025 |
| BoP: CA: Services: Credit (PAB mn) | 5,634.327 Sep 2025 | quarterly | Mar 2013 - Sep 2025 |
| BoP: CA: Income (PAB mn) | -1,457.621 Sep 2025 | quarterly | Mar 2013 - Sep 2025 |
| BoP: Financial Account (FA) (PAB mn) | 1,301.970 Sep 2025 | quarterly | Mar 2013 - Sep 2025 |
| BoP: CA: Income: Debit (PAB mn) | -2,560.827 Sep 2025 | quarterly | Mar 2013 - Sep 2025 |
| BoP: FA: Portfolio Investment: Assets (PAB mn) | -2,194.910 Sep 2025 | quarterly | Mar 2013 - Sep 2025 |
| International Investment Position (IIP) (USD mn) | -75,811.580 Sep 2025 | quarterly | Mar 2015 - Sep 2025 |
| IIP: Liabilities (USD mn) | 193,078.165 Sep 2025 | quarterly | Mar 2015 - Sep 2025 |
| IIP: Assets (USD mn) | 117,266.585 Sep 2025 | quarterly | Mar 2015 - Sep 2025 |
| Foreign Direct Investment (FDI) (PAB mn) | 676.356 Sep 2025 | quarterly | Mar 2013 - Sep 2025 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 1.4 Dec 2025 | monthly | Dec 2008 - Dec 2025 |
| Household Debt: % of GDP (%) | 37.7 Sep 2025 | quarterly | Dec 2007 - Sep 2025 |
| Non-Performing Loans (USD mn) | 1,418.886 Dec 2025 | monthly | Dec 2008 - Dec 2025 |
| Money Supply M1 (USD mn) | 9,066.270 Nov 2025 | monthly | Dec 2002 - Nov 2025 |
| Money Supply M2 (USD mn) | 45,730.080 Nov 2025 | monthly | Dec 2002 - Nov 2025 |
| M2 Growth (%) | 8.4 Nov 2025 | monthly | Dec 2003 - Nov 2025 |
| Foreign Exchange Reserves (USD mn) | 5,644.2 Dec 2025 | monthly | Oct 1969 - Dec 2025 |
| Foreign Exchange Reserves: % of GDP (%) | 4.178 Sep 2025 | quarterly | Dec 2007 - Sep 2025 |
| Foreign Exchange Reserves: Months of Import (NA) | 4.4 Dec 2025 | monthly | Jan 2000 - Dec 2025 |
| Gold Reserves (USD mn) | 0.000 Mar 2024 | monthly | Sep 1969 - Mar 2024 |
| Total Deposits (USD mn) | 116,809.521 Dec 2025 | monthly | Dec 1998 - Dec 2025 |
| Total Deposits Growth (%) | 5.7 Dec 2025 | monthly | Dec 1999 - Dec 2025 |
| Domestic Credit (USD mn) | 64,199.0 Dec 2025 | monthly | Dec 2001 - Dec 2025 |
| Domestic Credit Growth (%) | 1.0 Dec 2025 | monthly | Dec 2002 - Dec 2025 |
| Household Debt (USD mn) | 34,175.2 Dec 2025 | monthly | Oct 2005 - Dec 2025 |
| Total Loans (USD mn) | 102,154.627 Dec 2025 | monthly | Dec 1998 - Dec 2025 |
| Total Loans Growth (%) | 4.86 Dec 2025 | monthly | Dec 1999 - Dec 2025 |
| Private Debt: % of Nominal GDP (%) | 68.25 Jun 2025 | quarterly | Dec 2007 - Jun 2025 |
| Money Supply: M3 (PAB mn) | 45,730.080 Nov 2025 | monthly | Dec 2002 - Nov 2025 |
| LC: National Banking System: Private Sector: Mortgage (PAB mn) | 21,583.345 Dec 2025 | monthly | Dec 2002 - Dec 2025 |
More Indicators for Panama
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