Panama Unemployment Rate
2003 - 2024 | Yearly | % | National Institute of Statistics and Census
Key information about Panama Unemployment Rate
- Panama Unemployment Rate increased to 9.50% in Aug 2024, from the previously reported figure of 7.40% in Aug 2023.
- Panama Unemployment Rate is updated yearly, available from Aug 2003 to Aug 2024, with an average rate of 4.10%.
- The data reached an all-time high of 13.00% in Aug 2003 and a record low of 4.10% in Aug 2013.
- The data is reported by reported by National Institute of Statistics and Census.
- In the latest reports, Panama Population reached 4.51 million people in Jun 2024.
View Panama's Unemployment Rate from 2003 to 2024 in the chart:
What was Panama's Unemployment Rate in 2024?
Panama Unemployment Rate increased to 9.50% in Aug 2024, from the previously reported figure of 7.40% in Aug 2023. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 9.50 2024 | 7.40 2023 | 4.10 2013 | 13.00 2003 | % | yearly | 2003 - 2024 |
Unemployment Rate by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 8.54 Jun 2025 | quarterly | Mar 2012 - Jun 2025 |
| Algeria (%) | 11.40 Jun 2019 | quarterly | Mar 2014 - Jun 2019 |
| Argentina (%) | 7.60 Jun 2025 | quarterly | Jun 1990 - Jun 2025 |
| Armenia (%) | 12.30 Jun 2025 | quarterly | Mar 2008 - Jun 2025 |
| Australia (%) | 4.34 Oct 2025 | monthly | Feb 1978 - Oct 2025 |
| Austria (%) | 5.78 Oct 2025 | monthly | Jan 1993 - Oct 2025 |
| Azerbaijan (%) | 5.20 Sep 2025 | quarterly | Mar 2008 - Sep 2025 |
| Bahrain (%) | 6.16 2024 | yearly | 1991 - 2024 |
| Bangladesh (%) | 5.30 2020 | yearly | 1991 - 2020 |
| Belarus (%) | 0.10 Oct 2025 | monthly | Oct 2004 - Oct 2025 |
| Belgium (%) | 6.40 Oct 2025 | monthly | Jan 1983 - Oct 2025 |
| Bolivia (%) | 2.22 Sep 2025 | quarterly | Dec 2015 - Sep 2025 |
| Bosnia and Herzegovina (%) | 12.65 2024 | yearly | 2006 - 2024 |
| Botswana (%) | 23.14 2024 | yearly | 1991 - 2024 |
| Brazil (%) | 5.40 Oct 2025 | monthly | Mar 2012 - Oct 2025 |
| Brunei (%) | 4.80 2024 | yearly | 1981 - 2024 |
| Bulgaria (%) | 3.40 Sep 2025 | quarterly | Mar 2000 - Sep 2025 |
| Cambodia (%) | 0.70 2023 | yearly | 2020 - 2023 |
| Canada (%) | 6.50 Nov 2025 | monthly | Jan 1976 - Nov 2025 |
| Chile (%) | 8.45 Oct 2025 | monthly | Mar 2009 - Oct 2025 |
| China (%) | 5.20 Sep 2025 | quarterly | Mar 2017 - Sep 2025 |
| Colombia (%) | 8.20 Oct 2025 | monthly | Jan 2001 - Oct 2025 |
| Croatia (%) | 5.50 Mar 2025 | quarterly | Mar 1998 - Mar 2025 |
| Cyprus (%) | 4.20 Oct 2025 | monthly | Jan 2000 - Oct 2025 |
| Czech Republic (%) | 3.22 Oct 2025 | monthly | Jan 1993 - Oct 2025 |
| Denmark (%) | 6.40 Oct 2025 | monthly | Jan 1983 - Oct 2025 |
| Ecuador (%) | 3.59 Sep 2025 | quarterly | Dec 2013 - Sep 2025 |
| Egypt (%) | 6.40 Sep 2025 | quarterly | Mar 2003 - Sep 2025 |
| Estonia (%) | 7.10 Sep 2025 | quarterly | Mar 1997 - Sep 2025 |
| European Union (%) | 6.00 Oct 2025 | monthly | Jan 2000 - Oct 2025 |
| Finland (%) | 10.50 Oct 2025 | monthly | Jan 1988 - Oct 2025 |
| France (%) | 7.70 Sep 2025 | quarterly | Mar 1975 - Sep 2025 |
| Georgia (%) | 13.93 2024 | yearly | 1991 - 2024 |
| Germany (%) | 3.80 Oct 2025 | monthly | Jan 1991 - Oct 2025 |
| Ghana (%) | 3.01 2024 | yearly | 1991 - 2024 |
| Greece (%) | 8.20 Sep 2025 | monthly | Apr 1998 - Sep 2025 |
| Hong Kong SAR, China (%) | 3.80 Oct 2025 | monthly | Oct 1981 - Oct 2025 |
| Hungary (%) | 4.56 Oct 2025 | monthly | Jan 2000 - Oct 2025 |
| Iceland (%) | 3.35 Dec 2024 | monthly | Jan 2003 - Dec 2024 |
| India (%) | 7.11 2020 | yearly | 1991 - 2020 |
| Indonesia (%) | 4.85 2025 | yearly | 1984 - 2025 |
| Iran (%) | 9.40 Mar 2022 | quarterly | Jun 2001 - Mar 2022 |
| Ireland (%) | 5.00 Oct 2025 | monthly | Jan 1998 - Oct 2025 |
| Israel (%) | 3.02 Oct 2025 | monthly | Jan 2012 - Oct 2025 |
| Italy (%) | 6.14 Sep 2025 | monthly | Jan 1983 - Sep 2025 |
| Ivory Coast (%) | 3.50 2020 | yearly | 1991 - 2020 |
| Japan (%) | 2.60 Oct 2025 | monthly | Jan 1953 - Oct 2025 |
| Jordan (%) | 21.40 Aug 2025 | quarterly | Feb 2000 - Aug 2025 |
| Kazakhstan (%) | 4.60 Oct 2025 | monthly | Jan 2001 - Oct 2025 |
| Kenya (%) | 2.98 2020 | yearly | 1991 - 2020 |
| South Korea (%) | 2.60 Oct 2025 | monthly | Jun 1999 - Oct 2025 |
| Kosovo (%) | 10.90 Dec 2024 | quarterly | Mar 2016 - Dec 2024 |
| Kuwait (%) | 0.93 2021 | yearly | 1999 - 2021 |
| Kyrgyzstan (%) | 3.70 2024 | yearly | 1992 - 2024 |
| Laos (%) | 0.95 2020 | yearly | 1991 - 2020 |
| Latvia (%) | 7.10 Oct 2025 | monthly | Jan 1998 - Oct 2025 |
| Lebanon (%) | 29.56 2021 | yearly | 2004 - 2021 |
| Lithuania (%) | 6.50 Oct 2025 | monthly | Jan 1998 - Oct 2025 |
| Luxembourg (%) | 5.90 Oct 2025 | monthly | Jan 1995 - Oct 2025 |
| Macau SAR, China (%) | 1.70 Oct 2025 | monthly | Sep 1996 - Oct 2025 |
| North Macedonia (%) | 11.50 Jun 2025 | quarterly | Sep 2021 - Jun 2025 |
| Malawi (%) | 6.60 2013 | yearly | 2005 - 2013 |
| Malaysia (%) | 3.00 Sep 2025 | monthly | Jan 2010 - Sep 2025 |
| Malta (%) | 2.94 Jun 2025 | quarterly | Mar 2018 - Jun 2025 |
| Mauritius (%) | 7.10 Mar 2020 | quarterly | Mar 2004 - Mar 2020 |
| Mexico (%) | 2.60 Oct 2025 | monthly | Jan 2005 - Oct 2025 |
| Moldova (%) | 3.97 Jun 2025 | quarterly | Mar 1999 - Jun 2025 |
| Mongolia (%) | 5.50 Sep 2025 | quarterly | Sep 2006 - Sep 2025 |
| Montenegro (%) | 10.50 Jun 2025 | quarterly | Mar 2008 - Jun 2025 |
| Morocco (%) | 13.10 Sep 2025 | quarterly | Mar 1999 - Sep 2025 |
| Mozambique (%) | 3.53 2024 | yearly | 1991 - 2024 |
| Myanmar (%) | 1.79 2020 | yearly | 1991 - 2020 |
| Nepal (%) | 4.44 2020 | yearly | 1991 - 2020 |
| Netherlands (%) | 4.00 Oct 2025 | monthly | Jan 2003 - Oct 2025 |
| New Zealand (%) | 5.30 Sep 2025 | quarterly | Mar 1986 - Sep 2025 |
| Nigeria (%) | 4.30 Jun 2024 | quarterly | Dec 2022 - Jun 2024 |
| Norway (%) | 4.50 Oct 2025 | monthly | Jan 1989 - Oct 2025 |
| Oman (%) | 2.90 Oct 2025 | monthly | Mar 2018 - Oct 2025 |
| Pakistan (%) | 6.90 2025 | yearly | 1980 - 2025 |
| Palestinian Territory (%) | 28.60 Jun 2025 | quarterly | Mar 2000 - Jun 2025 |
| Panama (%) | 9.50 2024 | yearly | 2003 - 2024 |
| Paraguay (%) | 4.91 Jun 2025 | quarterly | Mar 2017 - Jun 2025 |
| Peru (%) | 5.94 Oct 2025 | monthly | Mar 2001 - Oct 2025 |
| Philippines (%) | 5.30 Jul 2025 | quarterly | Jul 1982 - Jul 2025 |
| Poland (%) | 5.60 Oct 2025 | monthly | Jan 1990 - Oct 2025 |
| Portugal (%) | 7.20 Jan 2021 | monthly | Feb 1998 - Jan 2021 |
| Qatar (%) | 0.10 2024 | yearly | 1997 - 2024 |
| Romania (%) | 5.90 Sep 2025 | monthly | Jan 2004 - Sep 2025 |
| Russia (%) | 2.20 Sep 2025 | monthly | Jan 1994 - Sep 2025 |
| Saudi Arabia (%) | 3.21 Jun 2025 | quarterly | Mar 2012 - Jun 2025 |
| Serbia (%) | 8.20 Sep 2025 | quarterly | Mar 2014 - Sep 2025 |
| Singapore (%) | 2.00 Sep 2025 | monthly | Mar 2020 - Sep 2025 |
| Slovakia (%) | 5.02 Oct 2025 | monthly | Jan 2006 - Oct 2025 |
| Slovenia (%) | 4.20 Sep 2025 | quarterly | Jun 1997 - Sep 2025 |
| South Africa (%) | 31.90 Sep 2025 | quarterly | Mar 2008 - Sep 2025 |
| Spain (%) | 10.45 Sep 2025 | quarterly | Mar 2002 - Sep 2025 |
| Sri Lanka (%) | 3.80 Jun 2025 | quarterly | Mar 2004 - Jun 2025 |
| Sudan (%) | 20.30 2010 | yearly | 1993 - 2010 |
| Sweden (%) | 8.96 Oct 2025 | monthly | Jan 1983 - Oct 2025 |
| Switzerland (%) | 5.20 Sep 2025 | monthly | Jan 1991 - Sep 2025 |
Accurate Macro & Micro Economic Data You Can Trust
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Learn more about what we doPanama Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -7.9 2024 | yearly | 2003 - 2024 |
| Consolidated Fiscal Balance (USD mn) | -6,416.100 2024 | yearly | 2003 - 2024 |
| Tax Revenue (USD mn) | 740.274 Sep 2025 | monthly | Jan 1995 - Sep 2025 |
| Tax Revenue: % of GDP (%) | 8.0 Jun 2025 | quarterly | Mar 2007 - Jun 2025 |
| National Government Debt (USD mn) | 58,832.7 Oct 2025 | monthly | Jul 2004 - Oct 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 (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 |
| Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) | 487,361.403 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) | -1,108.4 Sep 2025 | monthly | Jan 1964 - Sep 2025 |
| Total Exports (USD mn) | 83.9 Sep 2025 | monthly | Jan 2000 - Sep 2025 |
| Total Exports Growth (%) | 0.6 Sep 2025 | monthly | Jan 2001 - Sep 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) | 1,192.3 Sep 2025 | monthly | Jan 2000 - Sep 2025 |
| Total Imports Growth (%) | 2.0 Sep 2025 | monthly | Jan 2001 - Sep 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) | 35.282 Aug 2025 | monthly | Jan 1970 - Aug 2025 |
| Total Imports from USA (USD mn) | 211.345 Aug 2025 | monthly | Jan 1967 - Aug 2025 |
| Total Exports to China (USD mn) | 1,194.503 2022 | yearly | 1999 - 2022 |
| Total Imports from China (USD mn) | 165.039 Aug 2025 | monthly | Mar 1989 - Aug 2025 |
| 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 |
| 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) | -1,419.8 Jun 2025 | quarterly | Mar 2013 - Jun 2025 |
| Current Account Balance (USD mn) | 522.5 Jun 2025 | quarterly | Mar 1998 - Jun 2025 |
| Current Account Balance: % of GDP (%) | 2.6 Jun 2025 | quarterly | Mar 2007 - Jun 2025 |
| Foreign Direct Investment (USD mn) | -887.1 Jun 2025 | quarterly | Mar 1998 - Jun 2025 |
| Foreign Direct Investment: % of GDP (%) | -4.4 Jun 2025 | quarterly | Mar 2007 - Jun 2025 |
| Foreign Portfolio Investment (USD mn) | 434.124 Jun 2025 | quarterly | Mar 2013 - Jun 2025 |
| Foreign Portfolio Investment: % of GDP (%) | 2.2 Jun 2025 | quarterly | Mar 2007 - Jun 2025 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | 0.0 Jun 2025 | quarterly | Mar 2013 - Jun 2025 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | 434.124 Jun 2025 | quarterly | Mar 2013 - Jun 2025 |
| External Debt (USD mn) | 48,132.1 Oct 2025 | monthly | Jul 2004 - Oct 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) | -3.079 2030 | yearly | 1980 - 2030 |
| Net International Investment Position (USD mn) | -76,500.694 Jun 2025 | quarterly | Mar 2002 - Jun 2025 |
| BoP: Net Errors and Omissions (PAB mn) | -2,237.755 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 |
| BoP: CA: Goods (PAB mn) | -1,502.437 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: Debit (PAB mn) | -2,297.497 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: Credit (PAB mn) | 4,331.072 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: Debit (PAB mn) | 0.000 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| BoP: CA: Income (PAB mn) | -1,297.490 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| BoP: Capital Account (PAB mn) | 2.333 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: Income: Credit (PAB mn) | 1,000.008 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: Credit (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: CA: Services: Credit (PAB mn) | 5,032.566 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: Liabilities (USD mn) | 181,645.968 Sep 2024 | quarterly | Mar 2015 - Sep 2024 |
| IIP: Assets (USD mn) | 103,227.647 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 Oct 2025 | monthly | Dec 2008 - Oct 2025 |
| Household Debt: % of GDP (%) | 37.7 Jun 2025 | quarterly | Dec 2007 - Jun 2025 |
| Non-Performing Loans (USD mn) | 1,501.738 Oct 2025 | monthly | Dec 2008 - Oct 2025 |
| Money Supply M1 (USD mn) | 9,045.180 Sep 2025 | monthly | Dec 2002 - Sep 2025 |
| Money Supply M2 (USD mn) | 45,621.300 Sep 2025 | monthly | Dec 2002 - Sep 2025 |
| M2 Growth (%) | 9.7 Sep 2025 | monthly | Dec 2003 - Sep 2025 |
| Foreign Exchange Reserves (USD mn) | 4,972.0 Oct 2025 | monthly | Oct 1969 - Oct 2025 |
| Foreign Exchange Reserves: % of GDP (%) | 4.744 Jun 2025 | quarterly | Dec 2007 - Jun 2025 |
| Foreign Exchange Reserves: Months of Import (NA) | 3.1 Sep 2025 | monthly | Jan 2000 - Sep 2025 |
| Gold Reserves (USD mn) | 0.000 Mar 2024 | monthly | Sep 1969 - Mar 2024 |
| Total Deposits (USD mn) | 115,289.651 Oct 2025 | monthly | Dec 1998 - Oct 2025 |
| Total Deposits Growth (%) | 5.9 Oct 2025 | monthly | Dec 1999 - Oct 2025 |
| Domestic Credit (USD mn) | 65,123.3 Oct 2025 | monthly | Dec 2001 - Oct 2025 |
| Domestic Credit Growth (%) | 1.6 Oct 2025 | monthly | Dec 2002 - Oct 2025 |
| Household Debt (USD mn) | 33,838.9 Oct 2025 | monthly | Oct 2005 - Oct 2025 |
| Total Loans (USD mn) | 102,246.063 Oct 2025 | monthly | Dec 1998 - Oct 2025 |
| Total Loans Growth (%) | 5.29 Oct 2025 | monthly | Dec 1999 - Oct 2025 |
| Private Debt: % of Nominal GDP (%) | 68.25 Jun 2025 | quarterly | Dec 2007 - Jun 2025 |
| Money Supply: M3 (PAB mn) | 45,621.300 Sep 2025 | monthly | Dec 2002 - Sep 2025 |
| LC: National Banking System: Private Sector: Mortgage (PAB mn) | 21,436.337 Oct 2025 | monthly | Dec 2002 - Oct 2025 |
More Indicators for Panama
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