Panama Labour Force Participation Rate

2003 - 2021 | Yearly | % | National Institute of Statistics and Census

Key information about Panama Labour Force Participation Rate

  • Panama Labour Force Participation Rate dropped to 60.4 % in Aug 2021, compared with 66.5 % in the previous year.
  • Panama Labour Force Participation Rate is updated yearly, available from Aug 2003 to Aug 2021, with an average rate of 63.7 % .
  • 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 4.3 million people in Jun 2021.
  • Unemployment Rate of Panama increased to 11.3 % in Aug 2021.
  • The country's Monthly Earnings stood at 1,248.7 USD in Aug 2020.

View Panama's Labour Force Participation Rate from 2003 to 2021 in the chart:

Panama Labour Force Participation Rate

What was Panama's Labour Force Participation Rate in 2021?

Panama Labour Force Participation Rate dropped to 60.4 % in Aug 2021, compared with 66.5 % in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
60.4 2021 66.5 2019 60.4 2021 66.5 2019 % yearly 2003 - 2021

Labour Force Participation Rate by Country Comparison

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country/region Last Frequency Range
Albania (%) 61.1 Mar 2022 quarterly Mar 2012 - Mar 2022
Algeria (%) 41.7 2018 yearly 2003 - 2018
Argentina (%) 60.4 2021 yearly 1990 - 2021
Armenia (%) 58.1 Dec 2021 quarterly Mar 2008 - Dec 2021
Australia (%) 67.0 May 2022 monthly Feb 1978 - May 2022
Austria (%) 77.5 Dec 2021 quarterly Mar 2021 - Dec 2021
Azerbaijan (%) 63.8 2021 yearly 1990 - 2021
Bahrain (%) 70.3 2021 yearly 1990 - 2021
Bangladesh (%) 57.0 2021 yearly 1990 - 2021
Belarus (%) 86.5 2020 yearly 1995 - 2020
Belgium (%) 70.2 Mar 2022 quarterly Mar 1999 - Mar 2022
Bolivia (%) 62.4 2017 yearly 1999 - 2017
Bosnia and Herzegovina (%) 47.7 2020 yearly 2006 - 2020
Botswana (%) 60.5 2021 yearly 1990 - 2021
Brazil (%) 62.5 May 2022 monthly Mar 2012 - May 2022
Brunei (%) 63.6 2021 yearly 1990 - 2021
Bulgaria (%) 55.4 Mar 2022 quarterly Jun 2000 - Mar 2022
Cambodia (%) 87.4 2020 yearly 2020 - 2020
Canada (%) 65.9 May 2022 monthly Jan 1976 - May 2022
Chile (%) 59.8 May 2022 monthly Mar 2009 - May 2022
China (%) 68.1 2021 yearly 1990 - 2021
Colombia (%) 63.6 Apr 2022 monthly Jan 2001 - Apr 2022
Croatia (%) 51.9 Mar 2022 quarterly Mar 2007 - Mar 2022
Cyprus (%) 64.3 Mar 2022 quarterly Jun 2004 - Mar 2022
Czech Republic (%) 59.7 Mar 2022 quarterly Dec 2001 - Mar 2022
Denmark (%) 70.9 Dec 2021 monthly Jan 2007 - Dec 2021
Ecuador (%) 64.9 Mar 2022 quarterly Dec 2013 - Mar 2022
Egypt (%) 42.9 2021 yearly 2009 - 2021
Estonia (%) 65.2 Mar 2022 quarterly Mar 2000 - Mar 2022
European Union (%) 57.1 2021 yearly 1990 - 2021
Finland (%) 69.6 May 2022 monthly May 2004 - May 2022
France (%) 73.4 Mar 2022 quarterly Mar 2003 - Mar 2022
Georgia (%) 50.9 2021 yearly 1998 - 2021
Germany (%) 55.7 Mar 2022 quarterly Mar 2007 - Mar 2022
Ghana (%) 68.4 2021 yearly 1990 - 2021
Greece (%) 59.5 Apr 2022 monthly Jan 2004 - Apr 2022
Hong Kong SAR, China (%) 58.1 May 2022 monthly Dec 1981 - May 2022
Hungary (%) 66.2 Mar 2022 quarterly Mar 2009 - Mar 2022
Iceland (%) 78.5 Apr 2022 monthly Jan 2003 - Apr 2022
India (%) 45.6 2021 yearly 1990 - 2021
Indonesia (%) 69.1 Feb 2022 semiannually Feb 2005 - Feb 2022
Iran (%) 40.4 Mar 2022 quarterly Jun 2018 - Mar 2022
Ireland (%) 64.8 Mar 2022 quarterly Mar 1998 - Mar 2022
Israel (%) 63.2 May 2022 monthly Jan 2012 - May 2022
Italy (%) 48.2 Dec 2020 monthly Jan 2004 - Dec 2020
Ivory Coast (%) 55.5 2021 yearly 1990 - 2021
Japan (%) 62.6 Apr 2022 monthly Jan 1968 - Apr 2022
Jordan (%) 38.1 2021 yearly 1990 - 2021
Kazakhstan (%) 69.1 Mar 2022 quarterly Jun 2001 - Mar 2022
Kenya (%) 73.2 2021 yearly 1990 - 2021
South Korea (%) 64.9 May 2022 monthly Jun 1999 - May 2022
Kosovo (%) 39.5 Mar 2021 quarterly Mar 2016 - Mar 2021
Kuwait (%) 70.5 2021 yearly 1990 - 2021
Kyrgyzstan (%) 60.2 2019 yearly 1994 - 2019
Laos (%) 76.4 2021 yearly 1990 - 2021
Latvia (%) 68.1 Mar 2022 quarterly Mar 2002 - Mar 2022
Lebanon (%) 42.5 2021 yearly 1990 - 2021
Lithuania (%) 62.1 Mar 2022 quarterly Jun 1998 - Mar 2022
Luxembourg (%) 55.4 2021 yearly 2000 - 2021
Macau SAR, China (%) 68.3 May 2022 monthly Sep 1996 - May 2022
North Macedonia (%) 55.3 Mar 2022 quarterly Mar 2004 - Mar 2022
Malawi (%) 75.6 2021 yearly 1990 - 2021
Malaysia (%) 69.4 Apr 2022 monthly Jan 2010 - Apr 2022
Malta (%) 78.7 Mar 2022 quarterly Dec 2000 - Mar 2022
Mauritius (%) 54.5 Mar 2022 quarterly Mar 2004 - Mar 2022
Mexico (%) 60.1 Apr 2022 monthly Jan 2005 - Apr 2022
Moldova (%) 40.1 Mar 2022 quarterly Mar 2015 - Mar 2022
Mongolia (%) 58.0 Mar 2022 quarterly Sep 2006 - Mar 2022
Montenegro (%) 56.3 Mar 2022 quarterly Mar 2008 - Mar 2022
Morocco (%) 44.5 Mar 2022 quarterly Mar 1999 - Mar 2022
Mozambique (%) 78.3 2021 yearly 1990 - 2021
Myanmar (%) 54.7 2021 yearly 1990 - 2021
Nepal (%) 79.6 2021 yearly 1990 - 2021
Netherlands (%) 72.3 May 2022 monthly Jan 2003 - May 2022
New Zealand (%) 71.2 Mar 2022 quarterly Mar 1986 - Mar 2022
Nigeria (%) 53.8 2021 yearly 1990 - 2021
Norway (%) 66.2 2021 yearly 1990 - 2021
Oman (%) 68.2 2021 yearly 1990 - 2021
Pakistan (%) 50.1 2021 yearly 1990 - 2021
Palestinian Territory (%) 45.0 Mar 2022 quarterly Jun 2002 - Mar 2022
Panama (%) 60.4 2021 yearly 2003 - 2021
Paraguay (%) 71.2 Mar 2022 quarterly Mar 2017 - Mar 2022
Peru (%) 71.9 2021 yearly 2001 - 2021
Philippines (%) 63.4 Apr 2022 quarterly Jul 2003 - Apr 2022
Poland (%) 58.0 Mar 2022 quarterly Mar 2021 - Mar 2022
Portugal (%) 59.9 Mar 2022 quarterly Mar 2011 - Mar 2022
Qatar (%) 88.0 2020 yearly 2006 - 2020
Romania (%) 51.3 Dec 2021 quarterly Mar 1996 - Dec 2021
Russia (%) 68.5 Dec 2021 monthly Aug 2009 - Dec 2021
Saudi Arabia (%) 60.4 Mar 2022 quarterly Sep 2016 - Mar 2022
Serbia (%) 55.2 Mar 2022 quarterly Mar 2014 - Mar 2022
Singapore (%) 70.5 2021 yearly 1991 - 2021
Slovakia (%) 59.4 Dec 2020 quarterly Mar 1994 - Dec 2020
Slovenia (%) 58.8 Mar 2022 quarterly Mar 2008 - Mar 2022
South Africa (%) 56.9 Mar 2022 quarterly Mar 2008 - Mar 2022
Spain (%) 58.5 Mar 2022 quarterly Sep 1976 - Mar 2022
Sri Lanka (%) 49.5 Dec 2021 quarterly Jun 2012 - Dec 2021
Sudan (%) 48.0 2021 yearly 1990 - 2021
Sweden (%) 75.1 May 2022 monthly Apr 2005 - May 2022
Switzerland (%) 66.7 Mar 2022 quarterly Mar 2010 - Mar 2022

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Panama Key Series

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Includes 196 key indicators for Panama, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -5.5 2021 yearly 2003 - 2021
Consolidated Fiscal Balance (USD mn) -3,522.800 2021 yearly 2003 - 2021
Tax Revenue (USD mn) 379.016 Apr 2022 monthly Jan 1995 - Apr 2022
Tax Revenue: % of GDP (%) 7.8 Mar 2022 quarterly Mar 2007 - Mar 2022
National Government Debt (USD mn) 42,891.2 May 2022 monthly Jul 2004 - May 2022
Government Debt: % of GDP (%) 64.6 Mar 2022 quarterly Dec 2007 - Mar 2022
Forecast: Government Expenditure (PAB bn) 22.756 2027 yearly 1994 - 2027
Forecast: Government Net Debt (PAB bn) 50.211 2027 yearly 1994 - 2027
Forecast: Government Revenue (PAB bn) 21.252 2027 yearly 1994 - 2027
Central Government Revenue: Current Revenue: Tax (PAB th) 379,015.892 Apr 2022 monthly Jan 1995 - Apr 2022
Central Government Revenue: Current Revenue (PAB th) 476,504.593 Apr 2022 monthly Jan 1995 - Apr 2022
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 202,123.571 Apr 2022 monthly Jan 1995 - Apr 2022
Central Government Operations: Total Expenditure (PAB th) 14,206,764.625 2020 yearly 2000 - 2020
Central Government Operations: Total Revenue (PAB th) 14,209,596.569 2020 yearly 2000 - 2020
CGO: Overall Balance, Accrual Basis (USD mn) -4,007.800 2021 yearly 1993 - 2021
CGO: Expenditure: Current (USD mn) 8,921.000 2021 yearly 1993 - 2021
CGO: Expenditure: Capital (USD mn) 2,877.800 2021 yearly 1993 - 2021
Public Debt: Domestic (USD mn) 7,653.724 May 2022 monthly Jul 2004 - May 2022
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 5.996 2027 yearly 1980 - 2027
Trade Balance (USD mn) -922.7 Apr 2022 monthly Jan 1964 - Apr 2022
Total Exports (USD mn) 275.5 Apr 2022 monthly Jan 2000 - Apr 2022
Total Exports Growth (%) -1.5 Apr 2022 monthly Jan 2001 - Apr 2022
Aluminum: Exports (USD th) 5,458.607 2020 yearly 1995 - 2020
Exports: Medicament (USD th) 1,154,109.705 2020 yearly 1995 - 2020
Exports: Medicinal and Pharmaceutical Product (USD th) 151,842.182 2020 yearly 1995 - 2020
Total Imports (USD mn) 1,198.2 Apr 2022 monthly Jan 2000 - Apr 2022
Total Imports Growth (%) 35.1 Apr 2022 monthly Jan 2001 - Apr 2022
Imports: Medicament (USD th) 608,952.511 2020 yearly 1995 - 2020
Imports: Medicinal and Pharmaceutical Product (USD th) 146,042.475 2020 yearly 1995 - 2020
Total Exports to USA (USD mn) 21.562 Mar 2022 monthly Jan 1970 - Mar 2022
Total Imports from USA (USD mn) 402.407 Mar 2022 monthly Jan 1967 - Mar 2022
Total Exports to China (USD mn) 370.063 2020 yearly 1999 - 2020
Total Imports from China (USD mn) 203.275 Mar 2022 monthly Mar 1989 - Mar 2022
Exports: FOB: Prawn (PAB th) 2,217.553 Apr 2022 monthly Jan 2000 - Apr 2022
Exports: FOB: Banana (PAB th) 12,084.975 Apr 2022 monthly Jan 2000 - Apr 2022
Exports: FOB: Seafood Products (PAB th) 4,045.981 Apr 2022 monthly Jan 2002 - Apr 2022
Exports: FOB (PAB th) 275,544.253 Apr 2022 monthly Jan 2000 - Apr 2022
Exports: FOB: America: NAFTA: USA (PAB th) 105,749.000 2020 yearly 1999 - 2020
Exports: FOB: Asia: Rest of Asia: Taiwan (PAB th) 19,716.000 2020 yearly 1999 - 2020
Exports: FOB: Asia: Rest of Asia: China (PAB th) 370,063.000 2020 yearly 1999 - 2020
Exports: FOB: Asia: Rest of Asia: South Korea (PAB th) 136,247.000 2020 yearly 1999 - 2020
Exports: FOB: America: NAFTA: Mexico (PAB th) 20,957.000 2020 yearly 1999 - 2020
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: America: NAFTA: USA (PAB th) 2,070,087.000 2020 yearly 1999 - 2020
Imports: CIF: Asia: Rest of Asia: China (PAB th) 851,030.000 2020 yearly 1999 - 2020
Imports: CIF: Asia: ASEAN: Thailand (PAB th) 68,032.000 2020 yearly 1999 - 2020
Imports: CIF: America: LAIA: MERCOSUR: Brazil (PAB th) 123,450.000 2020 yearly 1999 - 2020
Imports: CIF: Asia: Rest of Asia: Taiwan (PAB th) 35,242.000 2020 yearly 1999 - 2020
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 27.2 Dec 2021 quarterly Mar 2013 - Dec 2021
Current Account Balance (USD mn) -650.7 Dec 2021 quarterly Mar 1998 - Dec 2021
Current Account Balance: % of GDP (%) -3.5 Dec 2021 quarterly Mar 2007 - Dec 2021
Foreign Direct Investment (USD mn) 697.3 Dec 2021 quarterly Mar 1998 - Dec 2021
Foreign Direct Investment: % of GDP (%) 3.8 Dec 2021 quarterly Mar 2007 - Dec 2021
Foreign Portfolio Investment (USD mn) -31.873 Dec 2021 quarterly Mar 2013 - Dec 2021
Foreign Portfolio Investment: % of GDP (%) -0.2 Dec 2021 quarterly Mar 2007 - Dec 2021
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Dec 2021 quarterly Mar 2013 - Dec 2021
Foreign Portfolio Investment: Debt Securities (USD mn) -31.873 Dec 2021 quarterly Mar 2013 - Dec 2021
External Debt (USD mn) 35,237.5 May 2022 monthly Jul 2004 - May 2022
External Debt: % of GDP (%) 196.8 2020 yearly 2014 - 2020
External Debt: Short Term (USD mn) 34,953.4 Jun 2021 quarterly Sep 2014 - Jun 2021
External Debt: Short Term: % of GDP (%) 65.3 2020 yearly 1970 - 2020
Forecast: Current Account Balance (USD bn) -2.741 2027 yearly 1980 - 2027
Net International Investment Position (USD mn) -66,638.781 Dec 2021 quarterly Mar 2002 - Dec 2021
BoP: CA: Goods (PAB mn) -1,794.516 Dec 2021 quarterly Mar 2013 - Dec 2021
BoP: CA: Services: Debit (PAB mn) -1,264.051 Dec 2021 quarterly Mar 2013 - Dec 2021
BoP: Capital Account: Credit (PAB mn) 1.078 Dec 2021 quarterly Mar 2013 - Dec 2021
BoP: FA: Portfolio Investment: Assets (PAB mn) -917.845 Dec 2021 quarterly Mar 2013 - Dec 2021
BoP: CA: Goods: Credit (PAB mn) 4,317.332 Dec 2021 quarterly Mar 2013 - Dec 2021
BoP: CA: Income (PAB mn) -1,065.612 Dec 2021 quarterly Mar 2013 - Dec 2021
BoP: Capital Account: Debit (PAB mn) 0.000 Dec 2021 quarterly Mar 2013 - Dec 2021
BoP: FA: Portfolio Investment: Liabilities (PAB mn) -31.873 Dec 2021 quarterly Mar 2013 - Dec 2021
BoP: Net Errors and Omissions (PAB mn) -33.408 Dec 2021 quarterly Mar 2013 - Dec 2021
Balance of Payment (BoP): Current Account (CA) (PAB mn) -650.733 Dec 2021 quarterly Mar 2013 - Dec 2021
BoP: CA: Services: Credit (PAB mn) 3,362.215 Dec 2021 quarterly Mar 2013 - Dec 2021
BoP: Capital Account (PAB mn) 1.078 Dec 2021 quarterly Mar 2013 - Dec 2021
BoP: FA: Direct Investment (PAB mn) 670.116 Dec 2021 quarterly Mar 2013 - Dec 2021
BoP: CA: Goods: Debit (PAB mn) -6,111.848 Dec 2021 quarterly Mar 2013 - Dec 2021
BoP: CA: Income: Credit (PAB mn) 253.278 Dec 2021 quarterly Mar 2013 - Dec 2021
BoP: Financing: Reserve Assets (PAB mn) -430.365 Dec 2021 quarterly Mar 2013 - Dec 2021
BoP: CA: Services (PAB mn) 2,098.163 Dec 2021 quarterly Mar 2013 - Dec 2021
BoP: CA: Income: Debit (PAB mn) -1,318.890 Dec 2021 quarterly Mar 2013 - Dec 2021
BoP: Financial Account (FA) (PAB mn) 1,085.360 Dec 2021 quarterly Mar 2013 - Dec 2021
IIP: Assets (USD mn) 83,221.854 Dec 2021 quarterly Mar 2015 - Dec 2021
International Investment Position (IIP) (USD mn) -66,638.781 Dec 2021 quarterly Mar 2015 - Dec 2021
IIP: Liabilities (USD mn) 149,860.635 Dec 2021 quarterly Mar 2015 - Dec 2021
Foreign Direct Investment (FDI) (PAB mn) 697.314 Dec 2021 quarterly Mar 2013 - Dec 2021
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 2.0 Apr 2022 monthly Dec 2008 - Apr 2022
Household Debt: % of GDP (%) 44.0 Mar 2022 quarterly Dec 2007 - Mar 2022
Non-Performing Loans (USD mn) 1,718.583 Mar 2022 monthly Dec 2008 - Mar 2022
Money Supply M1 (USD mn) 9,438.227 Mar 2022 monthly Dec 2002 - Mar 2022
Money Supply M2 (USD mn) 37,994.108 Mar 2022 monthly Dec 2002 - Mar 2022
M2 Growth (%) -17.8 Mar 2022 monthly Dec 2003 - Mar 2022
Foreign Exchange Reserves (USD mn) 7,651.6 Sep 2021 monthly Oct 1969 - Sep 2021
Foreign Exchange Reserves: % of GDP (%) 12.674 Sep 2021 quarterly Dec 2007 - Sep 2021
Foreign Exchange Reserves: Months of Import (NA) 7.5 Sep 2021 monthly Jan 2000 - Sep 2021
Gold Reserves (USD mn) 0.000 Sep 2021 monthly Sep 1969 - Sep 2021
Total Deposits (USD mn) 98,205.099 Apr 2022 monthly Dec 1998 - Apr 2022
Total Deposits Growth (%) 3.3 Apr 2022 monthly Dec 1999 - Apr 2022
Domestic Credit (USD mn) 56,012.5 Apr 2022 monthly Dec 2001 - Apr 2022
Domestic Credit Growth (%) 3.4 Apr 2022 monthly Dec 2002 - Apr 2022
Household Debt (USD mn) 29,282.7 Apr 2022 monthly Oct 2005 - Apr 2022
Total Loans (USD mn) 80,493.544 Apr 2022 monthly Dec 1998 - Apr 2022
Total Loans Growth (%) 9.43 Apr 2022 monthly Dec 1999 - Apr 2022
Private Debt: % of Nominal GDP (%) 80.20 Mar 2022 quarterly Dec 2007 - Mar 2022
Money Supply: M3 (PAB mn) 37,994.108 Mar 2022 monthly Dec 2002 - Mar 2022
LC: National Banking System: Private Sector: Mortgage (PAB mn) 19,057.846 Apr 2022 monthly Dec 2002 - Apr 2022

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