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:

Panama Labour Force Participation Rate

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

Panama 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: Goods: Credit (PAB mn) 4,331.072 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Services (PAB mn) 3,683.629 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Goods: Debit (PAB mn) -5,833.509 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: Income: Credit (PAB mn) 1,000.008 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Services: Debit (PAB mn) -1,348.937 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Income (PAB mn) -1,297.490 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: Credit (PAB mn) 2.333 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: FA: Direct Investment (PAB mn) 674.772 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Capital Account (PAB mn) 2.333 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Financial Account (FA) (PAB mn) 1,446.866 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Capital Account: Debit (PAB mn) 0.000 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Income: Debit (PAB mn) -2,297.497 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: FA: Portfolio Investment: Assets (PAB mn) 924.830 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: FA: Portfolio Investment: Liabilities (PAB mn) -361.598 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Goods (PAB mn) -1,502.437 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Services: Credit (PAB mn) 5,032.566 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.

Request a demo
Unlimited access tailored to your data needs
Flexible monthly access to CEIC data