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 63.5 % .
- 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 1,287.9 USD in Aug 2023.
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 (%) | 63.2 Dec 2024 | quarterly | Mar 2012 - Dec 2024 |
| Algeria (%) | 41.7 2018 | yearly | 2003 - 2018 |
| Argentina (%) | 62.3 2023 | yearly | 1990 - 2023 |
| Armenia (%) | 60.2 Sep 2024 | quarterly | Mar 2008 - Sep 2024 |
| Australia (%) | 66.7 Jan 2025 | monthly | Feb 1978 - Jan 2025 |
| Austria (%) | 77.1 Jun 2022 | quarterly | Mar 2021 - Jun 2022 |
| Azerbaijan (%) | 63.5 2023 | yearly | 1990 - 2023 |
| Bahrain (%) | 70.9 2023 | yearly | 1990 - 2023 |
| Bangladesh (%) | 61.7 2023 | yearly | 1990 - 2023 |
| Belarus (%) | 86.8 2022 | yearly | 1995 - 2022 |
| Belgium (%) | 71.1 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Bolivia (%) | 77.7 Sep 2022 | quarterly | Dec 2015 - Sep 2022 |
| Bosnia and Herzegovina (%) | 47.8 2023 | yearly | 2006 - 2023 |
| Botswana (%) | 68.3 2023 | yearly | 1990 - 2023 |
| Brazil (%) | 62.3 Jan 2025 | monthly | Mar 2012 - Jan 2025 |
| Brunei (%) | 64.0 2023 | yearly | 1990 - 2023 |
| Bulgaria (%) | 55.3 Dec 2024 | quarterly | Jun 2000 - Dec 2024 |
| Cambodia (%) | 87.4 2020 | yearly | 2020 - 2020 |
| Canada (%) | 64.7 Feb 2025 | monthly | Jan 1976 - Feb 2025 |
| Chile (%) | 62.1 Jan 2025 | monthly | Mar 2009 - Jan 2025 |
| China (%) | 65.8 2023 | yearly | 1990 - 2023 |
| Colombia (%) | 64.1 Jan 2025 | monthly | Jan 2001 - Jan 2025 |
| Croatia (%) | 54.1 Sep 2024 | quarterly | Mar 2007 - Sep 2024 |
| Cyprus (%) | 65.1 Dec 2024 | quarterly | Jun 1999 - Dec 2024 |
| Czech Republic (%) | 60.6 Sep 2024 | quarterly | Mar 1993 - Sep 2024 |
| Denmark (%) | 74.1 Jan 2025 | monthly | Jan 2007 - Jan 2025 |
| Ecuador (%) | 64.1 Dec 2024 | quarterly | Dec 2013 - Dec 2024 |
| Egypt (%) | 43.4 2023 | yearly | 2009 - 2023 |
| Estonia (%) | 66.5 Dec 2024 | quarterly | Mar 2000 - Dec 2024 |
| European Union (%) | 75.8 2022 | yearly | 1990 - 2022 |
| Finland (%) | 67.8 Jan 2025 | monthly | May 2004 - Jan 2025 |
| France (%) | 74.4 Dec 2024 | quarterly | Mar 2003 - Dec 2024 |
| Georgia (%) | 53.3 2023 | yearly | 1998 - 2023 |
| Germany (%) | 56.0 Jun 2024 | quarterly | Mar 2007 - Jun 2024 |
| Ghana (%) | 63.4 2023 | yearly | 1990 - 2023 |
| Greece (%) | 59.5 Jan 2025 | monthly | Jan 2004 - Jan 2025 |
| Hong Kong SAR, China (%) | 56.9 Jan 2025 | monthly | Dec 1981 - Jan 2025 |
| Hungary (%) | 68.0 Dec 2024 | quarterly | Mar 2009 - Dec 2024 |
| Iceland (%) | 79.8 Dec 2024 | monthly | Jan 2003 - Dec 2024 |
| India (%) | 45.1 2024 | yearly | 1990 - 2024 |
| Indonesia (%) | 70.6 Aug 2024 | semiannually | Feb 2005 - Aug 2024 |
| Iran (%) | 41.0 Dec 2022 | quarterly | Jun 2018 - Dec 2022 |
| Ireland (%) | 66.6 Sep 2024 | quarterly | Mar 1998 - Sep 2024 |
| Israel (%) | 62.9 Jan 2025 | monthly | Jan 2012 - Jan 2025 |
| Italy (%) | 67.5 Jan 2025 | monthly | Jan 2004 - Jan 2025 |
| Ivory Coast (%) | 66.7 2023 | yearly | 1990 - 2023 |
| Japan (%) | 63.2 Jan 2025 | monthly | Jan 1968 - Jan 2025 |
| Jordan (%) | 38.5 2023 | yearly | 1990 - 2023 |
| Kazakhstan (%) | 68.4 Sep 2024 | quarterly | Jun 2001 - Sep 2024 |
| Kenya (%) | 67.0 2023 | yearly | 1990 - 2023 |
| South Korea (%) | 63.7 Feb 2025 | monthly | Jun 1999 - Feb 2025 |
| Kosovo (%) | 42.3 Dec 2023 | quarterly | Mar 2016 - Dec 2023 |
| Kuwait (%) | 74.1 2023 | yearly | 1990 - 2023 |
| Kyrgyzstan (%) | 58.7 2023 | yearly | 1994 - 2023 |
| Laos (%) | 66.0 2023 | yearly | 1990 - 2023 |
| Latvia (%) | 68.0 Dec 2024 | quarterly | Mar 2002 - Dec 2024 |
| Lebanon (%) | 45.8 2023 | yearly | 1990 - 2023 |
| Lithuania (%) | 63.2 Dec 2024 | quarterly | Jun 1998 - Dec 2024 |
| Luxembourg (%) | 55.0 2023 | yearly | 2000 - 2023 |
| Macau SAR, China (%) | 67.2 Jan 2025 | monthly | Sep 1996 - Jan 2025 |
| North Macedonia (%) | 52.5 Dec 2024 | quarterly | Mar 2023 - Dec 2024 |
| Malawi (%) | 67.3 2023 | yearly | 1990 - 2023 |
| Malaysia (%) | 70.6 Jan 2025 | monthly | Jan 2010 - Jan 2025 |
| Malta (%) | 83.3 Dec 2024 | quarterly | Mar 2018 - Dec 2024 |
| Mauritius (%) | 58.5 Sep 2024 | quarterly | Mar 2004 - Sep 2024 |
| Mexico (%) | 59.4 Jan 2025 | monthly | Jan 2005 - Jan 2025 |
| Moldova (%) | 42.5 Dec 2024 | quarterly | Mar 2015 - Dec 2024 |
| Mongolia (%) | 62.2 Dec 2024 | quarterly | Sep 2006 - Dec 2024 |
| Montenegro (%) | 64.5 Sep 2024 | quarterly | Mar 2008 - Sep 2024 |
| Morocco (%) | 43.6 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Mozambique (%) | 79.0 2023 | yearly | 1990 - 2023 |
| Myanmar (%) | 60.7 2023 | yearly | 1991 - 2023 |
| Nepal (%) | 39.8 2023 | yearly | 1990 - 2023 |
| Netherlands (%) | 72.8 Jan 2025 | monthly | Jan 2003 - Jan 2025 |
| New Zealand (%) | 71.3 Dec 2024 | quarterly | Mar 1986 - Dec 2024 |
| Nigeria (%) | 82.6 2023 | yearly | 1990 - 2023 |
| Norway (%) | 65.3 2023 | yearly | 1989 - 2023 |
| Oman (%) | 67.8 2023 | yearly | 1990 - 2023 |
| Pakistan (%) | 32.3 2021 | yearly | 1990 - 2021 |
| Palestinian Territory (%) | 45.6 Jun 2024 | quarterly | Jun 2002 - Jun 2024 |
| Panama (%) | 63.3 2024 | yearly | 2003 - 2024 |
| Paraguay (%) | 71.4 Dec 2024 | quarterly | Mar 2017 - Dec 2024 |
| Peru (%) | 72.4 2022 | yearly | 2001 - 2022 |
| Philippines (%) | 63.9 Jan 2025 | quarterly | Jul 2003 - Jan 2025 |
| Poland (%) | 58.6 Sep 2024 | quarterly | Mar 2010 - Sep 2024 |
| Portugal (%) | 60.5 Dec 2024 | quarterly | Mar 2011 - Dec 2024 |
| Qatar (%) | 87.7 2023 | yearly | 2006 - 2023 |
| Romania (%) | 51.5 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| Russia (%) | 68.4 Feb 2024 | monthly | Aug 2009 - Feb 2024 |
| Saudi Arabia (%) | 61.7 Mar 2023 | quarterly | Jun 2016 - Mar 2023 |
| Serbia (%) | 56.4 Sep 2024 | quarterly | Mar 2014 - Sep 2024 |
| Slovakia (%) | 61.6 Jun 2024 | quarterly | Mar 2021 - Jun 2024 |
| Slovenia (%) | 58.6 Dec 2024 | quarterly | Mar 2008 - Dec 2024 |
| South Africa (%) | 60.2 Sep 2024 | quarterly | Mar 2008 - Sep 2024 |
| Spain (%) | 58.5 Dec 2024 | quarterly | Mar 2021 - Dec 2024 |
| Sri Lanka (%) | 46.6 Sep 2024 | quarterly | Mar 2004 - Sep 2024 |
| Sudan (%) | 47.6 2023 | yearly | 1990 - 2023 |
| Sweden (%) | 74.8 Jan 2025 | monthly | Apr 2005 - Jan 2025 |
| Switzerland (%) | 67.8 Dec 2024 | quarterly | Mar 2010 - Dec 2024 |
| Syria (%) | 38.0 2023 | yearly | 1990 - 2023 |
Accurate Macro & Micro Economic Data You Can Trust
Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.
Learn more about what we doPanama Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -7.4 2024 | yearly | 2003 - 2024 |
| Consolidated Fiscal Balance (USD mn) | -6,416.100 2024 | yearly | 2003 - 2024 |
| Tax Revenue (USD mn) | 693.973 Dec 2024 | monthly | Jan 1995 - Dec 2024 |
| Tax Revenue: % of GDP (%) | 5.5 Sep 2024 | quarterly | Mar 2007 - Sep 2024 |
| National Government Debt (USD mn) | 53,655.2 Jan 2025 | monthly | Jul 2004 - Jan 2025 |
| Government Debt: % of GDP (%) | 61.6 Sep 2024 | quarterly | Dec 2007 - Sep 2024 |
| Forecast: Government Expenditure (PAB bn) | 23.007 2029 | yearly | 1994 - 2029 |
| Forecast: Government Net Debt (PAB bn) | 59.883 2029 | yearly | 1994 - 2029 |
| Forecast: Government Revenue (PAB bn) | 21.105 2029 | yearly | 1994 - 2029 |
| Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) | 487,361.403 Dec 2024 | monthly | Jan 1995 - Dec 2024 |
| Central Government Revenue: Current Revenue: Tax (PAB th) | 693,972.524 Dec 2024 | monthly | Jan 1995 - Dec 2024 |
| Central Government Revenue: Current Revenue (PAB th) | 2,942,813.523 Dec 2024 | monthly | Jan 1995 - Dec 2024 |
| Public Debt: Domestic (USD mn) | 9,460.795 Jan 2025 | monthly | Jul 2004 - Jan 2025 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 7.314 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | -1,059.7 Dec 2024 | monthly | Jan 1964 - Dec 2024 |
| Total Exports (USD mn) | 145.2 Feb 2023 | monthly | Jan 2000 - Feb 2023 |
| Total Exports Growth (%) | 20.8 Dec 2024 | monthly | Jan 2001 - Dec 2024 |
| Aluminum: Exports (USD th) | 6,067.531 2023 | yearly | 1995 - 2023 |
| Exports: Medicament (USD th) | 329,464.345 2023 | yearly | 1995 - 2023 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 10,079.101 2023 | yearly | 1995 - 2023 |
| Total Imports (USD mn) | 1,144.1 Dec 2024 | monthly | Jan 2000 - Dec 2024 |
| Total Imports Growth (%) | -1.9 Dec 2024 | monthly | Jan 2001 - Dec 2024 |
| Imports: Medicament (USD th) | 1,071,085.390 2023 | yearly | 1995 - 2023 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 333,744.579 2023 | yearly | 1995 - 2023 |
| Total Exports to USA (USD mn) | 13.974 Nov 2024 | monthly | Jan 1970 - Nov 2024 |
| Total Imports from USA (USD mn) | 172.879 Nov 2024 | monthly | Jan 1967 - Nov 2024 |
| Total Exports to China (USD mn) | 1,072.958 2021 | yearly | 1999 - 2021 |
| Total Imports from China (USD mn) | 166.517 Nov 2024 | monthly | Mar 1989 - Nov 2024 |
| Exports: FOB: Prawn (PAB th) | 11,096.530 Dec 2024 | monthly | Jan 2000 - Dec 2024 |
| Exports: FOB: Banana (PAB th) | 19,938.525 Dec 2024 | monthly | Jan 2000 - Dec 2024 |
| Exports: FOB: Seafood Products (PAB th) | 7,601.984 Dec 2024 | monthly | Jan 2002 - Dec 2024 |
| Exports: FOB (PAB th) | 84,431.775 Dec 2024 | monthly | Jan 2000 - Dec 2024 |
| 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: Waste & Scrap of Steel, Copper & Aluminum (PAB th) | 6,147.94 Apr 2018 | monthly | Jan 2017 - Apr 2018 |
| Exports: FOB: Raw Wood (PAB th) | 7,428.13 Apr 2018 | monthly | Jan 2017 - Apr 2018 |
| Imports: CIF: Asia: Rest of Asia: Taiwan (PAB th) | 48,718.000 2021 | yearly | 1999 - 2021 |
| Import Value Index (2015=100) | 91.522 2021 | yearly | 1981 - 2021 |
| Export Value Index (2015=100) | 115.979 2021 | yearly | 1981 - 2021 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Direct Investment Abroad (USD mn) | 52.0 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| Current Account Balance (USD mn) | 824.1 Sep 2024 | quarterly | Mar 1998 - Sep 2024 |
| Current Account Balance: % of GDP (%) | 3.9 Sep 2024 | quarterly | Mar 2007 - Sep 2024 |
| Foreign Direct Investment (USD mn) | 726.8 Sep 2024 | quarterly | Mar 1998 - Sep 2024 |
| Foreign Direct Investment: % of GDP (%) | 3.5 Sep 2024 | quarterly | Mar 2007 - Sep 2024 |
| Foreign Portfolio Investment (USD mn) | -361.598 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| Foreign Portfolio Investment: % of GDP (%) | -1.7 Sep 2024 | quarterly | Mar 2007 - Sep 2024 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | 0.0 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | -361.598 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| External Debt (USD mn) | 44,194.4 Jan 2025 | monthly | Jul 2004 - Jan 2025 |
| External Debt: % of GDP (%) | 167.4 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 (%) | 59.0 2021 | yearly | 1970 - 2021 |
| Forecast: Current Account Balance (USD bn) | -2.904 2029 | yearly | 1980 - 2029 |
| Net International Investment Position (USD mn) | -78,418.321 Sep 2024 | quarterly | Mar 2002 - Sep 2024 |
| BoP: Net Errors and Omissions (PAB mn) | -2,237.755 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| BoP: CA: Income (PAB mn) | -1,297.490 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| Balance of Payment (BoP): Current Account (CA) (PAB mn) | 824.140 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| BoP: CA: Goods: Debit (PAB mn) | -5,833.509 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| BoP: CA: Goods (PAB mn) | -1,502.437 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| BoP: CA: Goods: Credit (PAB mn) | 4,331.072 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| BoP: CA: Services: Credit (PAB mn) | 5,032.566 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| BoP: CA: Services: Debit (PAB mn) | -1,348.937 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| BoP: Capital Account: Credit (PAB mn) | 2.333 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| BoP: CA: Services (PAB mn) | 3,683.629 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| BoP: CA: Income: Debit (PAB mn) | -2,297.497 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| BoP: CA: Income: Credit (PAB mn) | 1,000.008 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| BoP: Capital Account (PAB mn) | 2.333 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| BoP: Financing: Reserve Assets (PAB mn) | -5.330 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| BoP: Capital Account: Debit (PAB mn) | 0.000 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| BoP: FA: Direct Investment (PAB mn) | 674.772 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| BoP: Financial Account (FA) (PAB mn) | 1,446.866 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| BoP: FA: Portfolio Investment: Liabilities (PAB mn) | -361.598 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| BoP: FA: Portfolio Investment: Assets (PAB mn) | 924.830 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| International Investment Position (IIP) (USD mn) | -78,418.321 Sep 2024 | quarterly | Mar 2015 - Sep 2024 |
| IIP: Assets (USD mn) | 103,227.647 Sep 2024 | quarterly | Mar 2015 - Sep 2024 |
| IIP: Liabilities (USD mn) | 181,645.968 Sep 2024 | quarterly | Mar 2015 - Sep 2024 |
| Foreign Direct Investment (FDI) (PAB mn) | 726.814 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 1.5 Dec 2024 | monthly | Dec 2008 - Dec 2024 |
| Household Debt: % of GDP (%) | 38.3 Sep 2024 | quarterly | Dec 2007 - Sep 2024 |
| Non-Performing Loans (USD mn) | 1,468.720 Dec 2024 | monthly | Dec 2008 - Dec 2024 |
| Money Supply M1 (USD mn) | 9,218.690 Dec 2024 | monthly | Dec 2002 - Dec 2024 |
| Money Supply M2 (USD mn) | 43,274.380 Dec 2024 | monthly | Dec 2002 - Dec 2024 |
| M2 Growth (%) | 9.5 Dec 2024 | monthly | Dec 2003 - Dec 2024 |
| Foreign Exchange Reserves (USD mn) | 5,610.8 Jan 2025 | monthly | Oct 1969 - Jan 2025 |
| Foreign Exchange Reserves: % of GDP (%) | 5.697 Sep 2024 | quarterly | Dec 2007 - Sep 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 5.5 Dec 2024 | monthly | Jan 2000 - Dec 2024 |
| Gold Reserves (USD mn) | 0.000 Mar 2024 | monthly | Sep 1969 - Mar 2024 |
| Total Deposits (USD mn) | 110,484.526 Dec 2024 | monthly | Dec 1998 - Dec 2024 |
| Total Deposits Growth (%) | 5.1 Dec 2024 | monthly | Dec 1999 - Dec 2024 |
| Domestic Credit (USD mn) | 63,585.5 Dec 2024 | monthly | Dec 2001 - Dec 2024 |
| Domestic Credit Growth (%) | 4.9 Dec 2024 | monthly | Dec 2002 - Dec 2024 |
| Household Debt (USD mn) | 32,866.2 Dec 2024 | monthly | Oct 2005 - Dec 2024 |
| Total Loans (USD mn) | 97,419.720 Dec 2024 | monthly | Dec 1998 - Dec 2024 |
| Total Loans Growth (%) | 8.86 Dec 2024 | monthly | Dec 1999 - Dec 2024 |
| Private Debt: % of Nominal GDP (%) | 69.77 Sep 2024 | quarterly | Dec 2007 - Sep 2024 |
| Money Supply: M3 (PAB mn) | 43,274.380 Dec 2024 | monthly | Dec 2002 - Dec 2024 |
| LC: National Banking System: Private Sector: Mortgage (PAB mn) | 21,113.420 Dec 2024 | monthly | Dec 2002 - Dec 2024 |
More Indicators for Panama
Request a demo of CEIC
CEIC’s economic databases cover over 200 global markets. Our Platform offers the most reliable macroeconomic data and advanced analytical tools.
Please note, product demos are not available for students. Please click here to find out more about the version of CEIC available for student users.