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 4.5 million people in Jun 2023.
- Unemployment Rate of Panama increased to 11.3 % in Aug 2021.
- The country's Monthly Earnings stood at 1,278.5 USD in Aug 2021.
View Panama's Labour Force Participation Rate from 2003 to 2021 in the chart:
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 (%) | 64.0 Mar 2023 | quarterly | Mar 2012 - Mar 2023 |
| Algeria (%) | 41.7 2018 | yearly | 2003 - 2018 |
| Argentina (%) | 60.2 2022 | yearly | 1990 - 2022 |
| Armenia (%) | 59.0 Mar 2023 | quarterly | Mar 2008 - Mar 2023 |
| Australia (%) | 66.7 Jul 2023 | monthly | Feb 1978 - Jul 2023 |
| Austria (%) | 77.1 Jun 2022 | quarterly | Mar 2021 - Jun 2022 |
| Azerbaijan (%) | 66.3 2022 | yearly | 1990 - 2022 |
| Bahrain (%) | 71.7 2022 | yearly | 1990 - 2022 |
| Bangladesh (%) | 58.8 2022 | yearly | 1990 - 2022 |
| Belarus (%) | 86.6 2021 | yearly | 1995 - 2021 |
| Belgium (%) | 70.6 Mar 2023 | quarterly | Mar 1999 - Mar 2023 |
| Bolivia (%) | 77.7 Sep 2022 | quarterly | Dec 2015 - Sep 2022 |
| Bosnia and Herzegovina (%) | 48.0 2021 | yearly | 2006 - 2021 |
| Botswana (%) | 65.0 2022 | yearly | 1990 - 2022 |
| Brazil (%) | 61.7 Jul 2023 | monthly | Mar 2012 - Jul 2023 |
| Brunei (%) | 64.2 2022 | yearly | 1990 - 2022 |
| Bulgaria (%) | 55.6 Mar 2023 | quarterly | Jun 2000 - Mar 2023 |
| Cambodia (%) | 87.4 2020 | yearly | 2020 - 2020 |
| Canada (%) | 66.6 Aug 2023 | monthly | Jan 1976 - Aug 2023 |
| Chile (%) | 61.0 Jul 2023 | monthly | Mar 2009 - Jul 2023 |
| China (%) | 66.9 2022 | yearly | 1990 - 2022 |
| Colombia (%) | 64.8 Jul 2023 | monthly | Jan 2001 - Jul 2023 |
| Croatia (%) | 52.1 Mar 2023 | quarterly | Mar 2007 - Mar 2023 |
| Cyprus (%) | 65.6 Jun 2023 | quarterly | Jun 1999 - Jun 2023 |
| Czech Republic (%) | 60.4 Mar 2023 | quarterly | Mar 1993 - Mar 2023 |
| Denmark (%) | 71.3 May 2023 | monthly | Jan 2007 - May 2023 |
| Ecuador (%) | 64.8 Jun 2023 | quarterly | Dec 2013 - Jun 2023 |
| Egypt (%) | 42.9 2021 | yearly | 2009 - 2021 |
| Estonia (%) | 66.7 Jun 2023 | quarterly | Mar 2000 - Jun 2023 |
| European Union (%) | 74.6 2021 | yearly | 1990 - 2021 |
| Finland (%) | 68.3 Jul 2023 | monthly | May 2004 - Jul 2023 |
| France (%) | 73.9 Jun 2023 | quarterly | Mar 2003 - Jun 2023 |
| Georgia (%) | 51.9 2022 | yearly | 1998 - 2022 |
| Germany (%) | 55.7 Jun 2023 | quarterly | Mar 2007 - Jun 2023 |
| Ghana (%) | 68.8 2022 | yearly | 1990 - 2022 |
| Greece (%) | 60.9 Jul 2023 | monthly | Jan 2004 - Jul 2023 |
| Hong Kong SAR, China (%) | 57.6 Jul 2023 | monthly | Dec 1981 - Jul 2023 |
| Hungary (%) | 67.2 Jun 2023 | quarterly | Mar 2009 - Jun 2023 |
| Iceland (%) | 82.5 Jul 2023 | monthly | Jan 2003 - Jul 2023 |
| India (%) | 41.3 2022 | yearly | 1990 - 2022 |
| Indonesia (%) | 69.3 Feb 2023 | semiannually | Feb 2005 - Feb 2023 |
| Iran (%) | 40.9 Jun 2022 | quarterly | Jun 2018 - Jun 2022 |
| Ireland (%) | 65.7 Jun 2023 | quarterly | Mar 1998 - Jun 2023 |
| Israel (%) | 63.9 Jul 2023 | monthly | Jan 2012 - Jul 2023 |
| Italy (%) | 48.2 Dec 2020 | monthly | Jan 2004 - Dec 2020 |
| Ivory Coast (%) | 65.5 2022 | yearly | 1990 - 2022 |
| Japan (%) | 63.1 Jul 2023 | monthly | Jan 1968 - Jul 2023 |
| Jordan (%) | 39.7 2022 | yearly | 1990 - 2022 |
| Kazakhstan (%) | 68.8 Jun 2023 | quarterly | Jun 2001 - Jun 2023 |
| Kenya (%) | 74.4 2022 | yearly | 1990 - 2022 |
| South Korea (%) | 65.0 Jul 2023 | monthly | Jun 1999 - Jul 2023 |
| Kosovo (%) | 38.5 Dec 2022 | quarterly | Mar 2016 - Dec 2022 |
| Kuwait (%) | 71.5 2022 | yearly | 1990 - 2022 |
| Kyrgyzstan (%) | 60.3 2021 | yearly | 1994 - 2021 |
| Laos (%) | 58.9 2022 | yearly | 1990 - 2022 |
| Latvia (%) | 68.8 Jun 2023 | quarterly | Mar 2002 - Jun 2023 |
| Lebanon (%) | 46.9 2022 | yearly | 1990 - 2022 |
| Lithuania (%) | 62.8 Jun 2023 | quarterly | Jun 1998 - Jun 2023 |
| Luxembourg (%) | 55.1 2022 | yearly | 2000 - 2022 |
| Macau SAR, China (%) | 67.7 Jun 2023 | monthly | Sep 1996 - Jun 2023 |
| North Macedonia (%) | 52.4 Jun 2023 | quarterly | Mar 2023 - Jun 2023 |
| Malawi (%) | 67.6 2022 | yearly | 1990 - 2022 |
| Malaysia (%) | 70.1 Jul 2023 | monthly | Jan 2010 - Jul 2023 |
| Malta (%) | 80.4 Mar 2023 | quarterly | Dec 2000 - Mar 2023 |
| Mauritius (%) | 58.3 Mar 2023 | quarterly | Mar 2004 - Mar 2023 |
| Mexico (%) | 60.9 Jul 2023 | monthly | Jan 2005 - Jul 2023 |
| Moldova (%) | 45.4 Jun 2023 | quarterly | Mar 2015 - Jun 2023 |
| Mongolia (%) | 57.9 Jun 2023 | quarterly | Sep 2006 - Jun 2023 |
| Montenegro (%) | 61.3 Mar 2023 | quarterly | Mar 2008 - Mar 2023 |
| Morocco (%) | 44.8 Jun 2023 | quarterly | Mar 1999 - Jun 2023 |
| Mozambique (%) | 78.5 2022 | yearly | 1990 - 2022 |
| Myanmar (%) | 59.4 2020 | yearly | 1991 - 2020 |
| Nepal (%) | 40.0 2022 | yearly | 1990 - 2022 |
| Netherlands (%) | 73.3 Jul 2023 | monthly | Jan 2003 - Jul 2023 |
| New Zealand (%) | 72.0 Jun 2023 | quarterly | Mar 1986 - Jun 2023 |
| Nigeria (%) | 58.9 2022 | yearly | 1990 - 2022 |
| Norway (%) | 65.5 2022 | yearly | 1989 - 2022 |
| Oman (%) | 67.2 2022 | yearly | 1990 - 2022 |
| Pakistan (%) | 32.3 2021 | yearly | 1990 - 2021 |
| Palestinian Territory (%) | 44.8 Jun 2023 | quarterly | Jun 2002 - Jun 2023 |
| Panama (%) | 60.4 2021 | yearly | 2003 - 2021 |
| Paraguay (%) | 71.4 Jun 2023 | quarterly | Mar 2017 - Jun 2023 |
| Peru (%) | 72.4 2022 | yearly | 2001 - 2022 |
| Philippines (%) | 60.1 Jul 2023 | quarterly | Jul 2003 - Jul 2023 |
| Poland (%) | 58.2 Jun 2023 | quarterly | Mar 2010 - Jun 2023 |
| Portugal (%) | 60.8 Jun 2023 | quarterly | Mar 2011 - Jun 2023 |
| Qatar (%) | 87.7 2022 | yearly | 2006 - 2022 |
| Romania (%) | 51.5 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
| Russia (%) | 62.4 Mar 2023 | monthly | Aug 2009 - Mar 2023 |
| Saudi Arabia (%) | 61.7 Mar 2023 | quarterly | Jun 2016 - Mar 2023 |
| Serbia (%) | 55.8 Jun 2023 | quarterly | Mar 2014 - Jun 2023 |
| Singapore (%) | 70.0 2022 | yearly | 1991 - 2022 |
| Slovakia (%) | 61.4 Mar 2023 | quarterly | Mar 2021 - Mar 2023 |
| Slovenia (%) | 57.8 Mar 2023 | quarterly | Mar 2008 - Mar 2023 |
| South Africa (%) | 59.6 Jun 2023 | quarterly | Mar 2008 - Jun 2023 |
| Spain (%) | 59.0 Jun 2023 | quarterly | Sep 1976 - Jun 2023 |
| Sri Lanka (%) | 49.9 Mar 2023 | quarterly | Jun 2012 - Mar 2023 |
| Sudan (%) | 48.8 2022 | yearly | 1990 - 2022 |
| Sweden (%) | 78.0 Jul 2023 | monthly | Apr 2005 - Jul 2023 |
| Switzerland (%) | 67.6 Jun 2023 | quarterly | Mar 2010 - Jun 2023 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -3.9 2022 | yearly | 2003 - 2022 |
| Consolidated Fiscal Balance (USD mn) | -3,005.500 2022 | yearly | 2003 - 2022 |
| Tax Revenue (USD mn) | 353.510 May 2023 | monthly | Jan 1995 - May 2023 |
| Tax Revenue: % of GDP (%) | 6.9 Sep 2022 | quarterly | Mar 2007 - Sep 2022 |
| National Government Debt (USD mn) | 46,720.4 Jul 2023 | monthly | Jul 2004 - Jul 2023 |
| Government Debt: % of GDP (%) | 62.3 Sep 2022 | quarterly | Dec 2007 - Sep 2022 |
| Forecast: Government Expenditure (PAB bn) | 23.051 2028 | yearly | 1994 - 2028 |
| Forecast: Government Net Debt (PAB bn) | 52.276 2028 | yearly | 1994 - 2028 |
| Forecast: Government Revenue (PAB bn) | 21.453 2028 | yearly | 1994 - 2028 |
| Central Government Revenue: Current Revenue: Tax (PAB th) | 353,510.462 May 2023 | monthly | Jan 1995 - May 2023 |
| Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) | 168,443.301 May 2023 | monthly | Jan 1995 - May 2023 |
| Central Government Revenue: Current Revenue (PAB th) | 478,243.457 May 2023 | monthly | Jan 1995 - May 2023 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 7.314 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | -1,048.4 May 2023 | monthly | Jan 1964 - May 2023 |
| Total Exports (USD mn) | 145.2 Feb 2023 | monthly | Jan 2000 - Feb 2023 |
| Total Exports Growth (%) | -12.3 Jun 2023 | monthly | Jan 2001 - Jun 2023 |
| Aluminum: Exports (USD th) | 5,167.980 2022 | yearly | 1995 - 2022 |
| Exports: Medicament (USD th) | 807,995.942 2022 | yearly | 1995 - 2022 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 145,164.399 2022 | yearly | 1995 - 2022 |
| Total Imports (USD mn) | 1,358.3 May 2023 | monthly | Jan 2000 - May 2023 |
| Total Imports Growth (%) | 4.5 May 2023 | monthly | Jan 2001 - May 2023 |
| Imports: Medicament (USD th) | 1,054,288.448 2022 | yearly | 1995 - 2022 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 448,064.045 2022 | yearly | 1995 - 2022 |
| Total Exports to USA (USD mn) | 9.420 May 2023 | monthly | Jan 1970 - May 2023 |
| Total Imports from USA (USD mn) | 247.363 May 2023 | monthly | Jan 1967 - May 2023 |
| Total Exports to China (USD mn) | 1,072.958 2021 | yearly | 1999 - 2021 |
| Total Imports from China (USD mn) | 168.995 May 2023 | monthly | Mar 1989 - May 2023 |
| Exports: FOB: Prawn (PAB th) | 4,930.818 Jun 2023 | monthly | Jan 2000 - Jun 2023 |
| Exports: FOB: Banana (PAB th) | 12,254.483 Jun 2023 | monthly | Jan 2000 - Jun 2023 |
| Exports: FOB (PAB th) | 343,442.332 Jun 2023 | monthly | Jan 2000 - Jun 2023 |
| Exports: FOB: Seafood Products (PAB th) | 6,513.021 Jun 2023 | monthly | Jan 2002 - Jun 2023 |
| 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 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Direct Investment Abroad (USD mn) | -2.6 Dec 2022 | quarterly | Mar 2013 - Dec 2022 |
| Current Account Balance (USD mn) | -2,979.5 Sep 2022 | quarterly | Mar 1998 - Sep 2022 |
| Current Account Balance: % of GDP (%) | -16.7 Sep 2022 | quarterly | Mar 2007 - Sep 2022 |
| Foreign Direct Investment (USD mn) | 578.7 Dec 2022 | quarterly | Mar 1998 - Dec 2022 |
| Foreign Direct Investment: % of GDP (%) | 3.9 Sep 2022 | quarterly | Mar 2007 - Sep 2022 |
| Foreign Portfolio Investment (USD mn) | 968.070 Dec 2022 | quarterly | Mar 2013 - Dec 2022 |
| Foreign Portfolio Investment: % of GDP (%) | -0.0 Sep 2022 | quarterly | Mar 2007 - Sep 2022 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | 0.0 Sep 2022 | quarterly | Mar 2013 - Sep 2022 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | 968.070 Dec 2022 | quarterly | Mar 2013 - Dec 2022 |
| External Debt (USD mn) | 38,646.0 Jul 2023 | monthly | Jul 2004 - Jul 2023 |
| 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) | -2.743 2028 | yearly | 1980 - 2028 |
| Net International Investment Position (USD mn) | -72,476.053 Sep 2022 | quarterly | Mar 2002 - Sep 2022 |
| BoP: Net Errors and Omissions (PAB mn) | -1,339.033 Dec 2022 | quarterly | Mar 2013 - Dec 2022 |
| BoP: CA: Goods: Credit (PAB mn) | 4,654.744 Dec 2022 | quarterly | Mar 2013 - Dec 2022 |
| BoP: CA: Goods (PAB mn) | -2,408.674 Dec 2022 | quarterly | Mar 2013 - Dec 2022 |
| BoP: CA: Services (PAB mn) | 3,171.950 Dec 2022 | quarterly | Mar 2013 - Dec 2022 |
| Balance of Payment (BoP): Current Account (CA) (PAB mn) | 454.311 Dec 2022 | quarterly | Mar 2013 - Dec 2022 |
| BoP: CA: Income: Credit (PAB mn) | 689.499 Dec 2022 | quarterly | Mar 2013 - Dec 2022 |
| BoP: CA: Services: Credit (PAB mn) | 4,462.109 Dec 2022 | quarterly | Mar 2013 - Dec 2022 |
| BoP: Capital Account (PAB mn) | 2.015 Dec 2022 | quarterly | Mar 2013 - Dec 2022 |
| BoP: CA: Income: Debit (PAB mn) | -977.413 Dec 2022 | quarterly | Mar 2013 - Dec 2022 |
| BoP: Financing: Reserve Assets (PAB mn) | -444.696 Dec 2022 | quarterly | Mar 2013 - Dec 2022 |
| BoP: Capital Account: Debit (PAB mn) | 0.000 Dec 2022 | quarterly | Mar 2013 - Dec 2022 |
| BoP: CA: Goods: Debit (PAB mn) | -7,063.418 Dec 2022 | quarterly | Mar 2013 - Dec 2022 |
| BoP: FA: Portfolio Investment: Assets (PAB mn) | 1,688.657 Dec 2022 | quarterly | Mar 2013 - Dec 2022 |
| BoP: CA: Income (PAB mn) | -287.914 Dec 2022 | quarterly | Mar 2013 - Dec 2022 |
| BoP: Capital Account: Credit (PAB mn) | 2.015 Dec 2022 | quarterly | Mar 2013 - Dec 2022 |
| BoP: Financial Account (FA) (PAB mn) | 1,727.641 Dec 2022 | quarterly | Mar 2013 - Dec 2022 |
| BoP: FA: Portfolio Investment: Liabilities (PAB mn) | 968.070 Dec 2022 | quarterly | Mar 2013 - Dec 2022 |
| BoP: CA: Services: Debit (PAB mn) | -1,290.158 Dec 2022 | quarterly | Mar 2013 - Dec 2022 |
| BoP: FA: Direct Investment (PAB mn) | 581.314 Dec 2022 | quarterly | Mar 2013 - Dec 2022 |
| International Investment Position (IIP) (USD mn) | -70,557.258 Dec 2022 | quarterly | Mar 2015 - Dec 2022 |
| IIP: Assets (USD mn) | 95,814.347 Dec 2022 | quarterly | Mar 2015 - Dec 2022 |
| IIP: Liabilities (USD mn) | 166,371.605 Dec 2022 | quarterly | Mar 2015 - Dec 2022 |
| Foreign Direct Investment (FDI) (PAB mn) | 578.707 Dec 2022 | quarterly | Mar 2013 - Dec 2022 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 1.6 Jul 2023 | monthly | Dec 2008 - Jul 2023 |
| Household Debt: % of GDP (%) | 42.6 Sep 2022 | quarterly | Dec 2007 - Sep 2022 |
| Non-Performing Loans (USD mn) | 1,401.997 Jul 2023 | monthly | Dec 2008 - Jul 2023 |
| Money Supply M1 (USD mn) | 8,920.760 Jun 2023 | monthly | Dec 2002 - Jun 2023 |
| Money Supply M2 (USD mn) | 37,941.910 Jun 2023 | monthly | Dec 2002 - Jun 2023 |
| M2 Growth (%) | -1.8 Jun 2023 | monthly | Dec 2003 - Jun 2023 |
| Foreign Exchange Reserves (USD mn) | 5,182.9 Jul 2023 | monthly | Oct 1969 - Jul 2023 |
| Foreign Exchange Reserves: % of GDP (%) | 8.199 Sep 2022 | quarterly | Dec 2007 - Sep 2022 |
| Foreign Exchange Reserves: Months of Import (NA) | 4.3 May 2023 | monthly | Jan 2000 - May 2023 |
| Gold Reserves (USD mn) | 0.000 Jul 2023 | monthly | Sep 1969 - Jul 2023 |
| Total Deposits (USD mn) | 101,649.481 Jul 2023 | monthly | Dec 1998 - Jul 2023 |
| Total Deposits Growth (%) | 4.5 Jul 2023 | monthly | Dec 1999 - Jul 2023 |
| Domestic Credit (USD mn) | 59,783.8 Jul 2023 | monthly | Dec 2001 - Jul 2023 |
| Domestic Credit Growth (%) | 5.2 Jul 2023 | monthly | Dec 2002 - Jul 2023 |
| Household Debt (USD mn) | 31,050.8 Jul 2023 | monthly | Oct 2005 - Jul 2023 |
| Total Loans (USD mn) | 88,048.156 Jul 2023 | monthly | Dec 1998 - Jul 2023 |
| Total Loans Growth (%) | 5.85 Jul 2023 | monthly | Dec 1999 - Jul 2023 |
| Private Debt: % of Nominal GDP (%) | 78.23 Sep 2022 | quarterly | Dec 2007 - Sep 2022 |
| Money Supply: M3 (PAB mn) | 37,941.910 Jun 2023 | monthly | Dec 2002 - Jun 2023 |
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