Panama Unemployment Rate
2003 - 2021 | Yearly | % | National Institute of Statistics and Census
Key information about Panama Unemployment Rate
- Panama Unemployment Rate increased to 11.30% in Aug 2021, from the previously reported figure of 7.10% in Aug 2019.
- Panama Unemployment Rate is updated yearly, available from Aug 2003 to Aug 2021, with an average rate of 6.25%.
- 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 4.45 million people in Jun 2023.
View Panama's Unemployment Rate from 2003 to 2021 in the chart:
What was Panama's Unemployment Rate in 2021?
Panama Unemployment Rate increased to 11.30% in Aug 2021, from the previously reported figure of 7.10% in Aug 2019. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 11.30 2021 | 7.10 2019 | 4.10 2013 | 13.00 2003 | % | yearly | 2003 - 2021 |
Unemployment Rate by Country Comparison
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| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 10.85 Mar 2023 | quarterly | Mar 2012 - Mar 2023 |
| Algeria (%) | 11.40 Jun 2019 | quarterly | Mar 2014 - Jun 2019 |
| Argentina (%) | 6.90 Mar 2023 | quarterly | Jun 1990 - Mar 2023 |
| Armenia (%) | 13.70 Mar 2023 | quarterly | Mar 2008 - Mar 2023 |
| Australia (%) | 3.71 Jul 2023 | monthly | Feb 1978 - Jul 2023 |
| Austria (%) | 5.60 Jul 2023 | monthly | Jan 1993 - Jul 2023 |
| Azerbaijan (%) | 5.64 Mar 2023 | quarterly | Mar 2008 - Mar 2023 |
| Bahrain (%) | 5.90 2020 | yearly | 1991 - 2020 |
| Bangladesh (%) | 5.30 2020 | yearly | 1991 - 2020 |
| Belarus (%) | 0.10 Jul 2023 | monthly | Oct 2004 - Jul 2023 |
| Belgium (%) | 5.50 Jul 2023 | monthly | Jan 1983 - Jul 2023 |
| Bolivia (%) | 3.59 Mar 2023 | quarterly | Dec 2015 - Mar 2023 |
| Bosnia and Herzegovina (%) | 17.41 2021 | yearly | 2006 - 2021 |
| Botswana (%) | 20.68 2022 | yearly | 1991 - 2022 |
| Brazil (%) | 7.90 Jul 2023 | monthly | Mar 2012 - Jul 2023 |
| Brunei (%) | 5.20 2022 | yearly | 1981 - 2022 |
| Bulgaria (%) | 4.40 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
| Cambodia (%) | 2.40 2020 | yearly | 2020 - 2020 |
| Canada (%) | 5.50 Aug 2023 | monthly | Jan 1976 - Aug 2023 |
| Chile (%) | 8.77 Jul 2023 | monthly | Mar 2009 - Jul 2023 |
| China (%) | 5.30 Mar 2023 | quarterly | Mar 2017 - Mar 2023 |
| Colombia (%) | 12.12 Mar 2022 | monthly | Jan 2021 - Mar 2022 |
| Croatia (%) | 6.80 Dec 2022 | quarterly | Mar 1998 - Dec 2022 |
| Cyprus (%) | 6.70 Jul 2023 | monthly | Jan 2000 - Jul 2023 |
| Czech Republic (%) | 2.82 Jul 2023 | monthly | Jan 1993 - Jul 2023 |
| Denmark (%) | 4.90 Apr 2023 | monthly | Jan 2007 - Apr 2023 |
| Ecuador (%) | 3.83 Jun 2023 | quarterly | Dec 2013 - Jun 2023 |
| Egypt (%) | 7.00 Jun 2023 | quarterly | Mar 2003 - Jun 2023 |
| Estonia (%) | 5.30 Mar 2023 | quarterly | Mar 1997 - Mar 2023 |
| European Union (%) | 5.90 Jul 2023 | monthly | Jan 2000 - Jul 2023 |
| Finland (%) | 6.90 Apr 2023 | monthly | Jan 1988 - Apr 2023 |
| France (%) | 7.20 Jun 2023 | quarterly | Mar 1975 - Jun 2023 |
| Georgia (%) | 17.26 2022 | yearly | 1991 - 2022 |
| Germany (%) | 2.90 Jul 2023 | monthly | Jan 1991 - Jul 2023 |
| Ghana (%) | 3.87 2022 | yearly | 1991 - 2022 |
| Greece (%) | 11.20 Apr 2023 | monthly | Apr 1998 - Apr 2023 |
| Hong Kong SAR, China (%) | 2.80 Jul 2023 | monthly | Oct 1981 - Jul 2023 |
| Hungary (%) | 4.00 Apr 2023 | monthly | Jan 2000 - Apr 2023 |
| Iceland (%) | 3.30 Jul 2023 | monthly | Jan 2003 - Jul 2023 |
| India (%) | 7.11 2020 | yearly | 1991 - 2020 |
| Indonesia (%) | 5.86 2022 | yearly | 1984 - 2022 |
| Iran (%) | 8.90 Dec 2021 | quarterly | Jun 2001 - Dec 2021 |
| Ireland (%) | 4.10 Jul 2023 | monthly | Jan 1998 - Jul 2023 |
| Israel (%) | 3.39 Jul 2023 | monthly | Jan 2012 - Jul 2023 |
| Italy (%) | 7.61 Jul 2023 | monthly | Jan 1983 - Jul 2023 |
| Ivory Coast (%) | 3.50 2020 | yearly | 1991 - 2020 |
| Japan (%) | 2.70 Jul 2023 | monthly | Jan 1953 - Jul 2023 |
| Jordan (%) | 21.90 Feb 2023 | quarterly | Feb 2000 - Feb 2023 |
| Kazakhstan (%) | 4.70 Jul 2023 | monthly | Jan 2001 - Jul 2023 |
| Kenya (%) | 2.98 2020 | yearly | 1991 - 2020 |
| South Korea (%) | 2.80 Jul 2023 | monthly | Jun 1999 - Jul 2023 |
| Kosovo (%) | 11.80 Dec 2022 | quarterly | Mar 2016 - Dec 2022 |
| Kuwait (%) | 0.93 2021 | yearly | 1999 - 2021 |
| Kyrgyzstan (%) | 5.30 2021 | yearly | 1992 - 2021 |
| Laos (%) | 0.95 2020 | yearly | 1991 - 2020 |
| Latvia (%) | 6.60 Jul 2023 | monthly | Jan 1998 - Jul 2023 |
| Lebanon (%) | 29.56 2021 | yearly | 2004 - 2021 |
| Lithuania (%) | 7.50 Jun 2023 | monthly | Jan 1998 - Jun 2023 |
| Luxembourg (%) | 5.22 Jul 2023 | monthly | Jan 1995 - Jul 2023 |
| Macau SAR, China (%) | 2.60 Jul 2023 | monthly | Sep 1996 - Jul 2023 |
| North Macedonia (%) | 13.30 Mar 2023 | quarterly | Mar 2023 - Mar 2023 |
| Malawi (%) | 6.60 2013 | yearly | 2005 - 2013 |
| Malaysia (%) | 3.30 Jul 2023 | monthly | Jan 2010 - Jul 2023 |
| Malta (%) | 2.87 Mar 2023 | quarterly | Dec 2000 - Mar 2023 |
| Mauritius (%) | 7.10 Mar 2020 | quarterly | Mar 2004 - Mar 2020 |
| Mexico (%) | 2.88 Jul 2023 | monthly | Jan 2005 - Jul 2023 |
| Moldova (%) | 5.55 Mar 2023 | quarterly | Mar 1999 - Mar 2023 |
| Mongolia (%) | 5.76 Jun 2023 | quarterly | Sep 2006 - Jun 2023 |
| Montenegro (%) | 15.50 Mar 2023 | quarterly | Mar 2008 - Mar 2023 |
| Morocco (%) | 12.40 Jun 2023 | quarterly | Mar 1999 - Jun 2023 |
| Mozambique (%) | 3.91 2022 | yearly | 1991 - 2022 |
| Myanmar (%) | 1.79 2020 | yearly | 1991 - 2020 |
| Nepal (%) | 4.44 2020 | yearly | 1991 - 2020 |
| Netherlands (%) | 3.10 Jul 2021 | monthly | Jan 2003 - Jul 2021 |
| New Zealand (%) | 3.60 Jun 2023 | quarterly | Mar 1986 - Jun 2023 |
| Nigeria (%) | 4.10 Mar 2023 | quarterly | Dec 2022 - Mar 2023 |
| Norway (%) | 3.30 May 2023 | monthly | Jan 1989 - May 2023 |
| Oman (%) | 3.80 Jul 2023 | monthly | Mar 2018 - Jul 2023 |
| Pakistan (%) | 6.30 2021 | yearly | 1980 - 2021 |
| Palestinian Territory (%) | 24.70 Jun 2023 | quarterly | Mar 2000 - Jun 2023 |
| Panama (%) | 11.30 2021 | yearly | 2003 - 2021 |
| Paraguay (%) | 5.83 Jun 2023 | quarterly | Mar 2017 - Jun 2023 |
| Peru (%) | 6.26 Jul 2023 | monthly | Mar 2001 - Jul 2023 |
| Philippines (%) | 4.50 Apr 2023 | quarterly | Jul 1982 - Apr 2023 |
| Poland (%) | 5.00 Jul 2023 | monthly | Jan 1990 - Jul 2023 |
| Portugal (%) | 7.20 Jan 2021 | monthly | Feb 1998 - Jan 2021 |
| Qatar (%) | 0.10 2019 | yearly | 1997 - 2019 |
| Romania (%) | 5.60 Apr 2023 | monthly | Jan 2004 - Apr 2023 |
| Russia (%) | 3.45 Mar 2023 | monthly | Jan 1994 - Mar 2023 |
| Saudi Arabia (%) | 5.09 Mar 2023 | quarterly | Mar 2012 - Mar 2023 |
| Serbia (%) | 9.60 Jun 2023 | quarterly | Mar 2014 - Jun 2023 |
| Singapore (%) | 1.90 May 2023 | monthly | Mar 2020 - May 2023 |
| Slovakia (%) | 3.98 Jul 2023 | monthly | Jan 2006 - Jul 2023 |
| Slovenia (%) | 3.80 Mar 2023 | quarterly | Jun 1997 - Mar 2023 |
| South Africa (%) | 32.60 Jun 2023 | quarterly | Mar 2008 - Jun 2023 |
| Spain (%) | 11.60 Jun 2023 | quarterly | Sep 1976 - Jun 2023 |
| Sri Lanka (%) | 4.70 Mar 2023 | quarterly | Jun 2012 - Mar 2023 |
| Sudan (%) | 20.30 2010 | yearly | 1993 - 2010 |
| Sweden (%) | 7.22 Apr 2023 | monthly | Jan 1983 - Apr 2023 |
| Switzerland (%) | 4.25 Mar 2023 | monthly | Jan 1991 - Mar 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: Direct: Total (PAB th) | 168,443.301 May 2023 | monthly | Jan 1995 - May 2023 |
| Central Government Revenue: Current Revenue: Tax (PAB th) | 353,510.462 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: Banana (PAB th) | 12,254.483 Jun 2023 | monthly | Jan 2000 - Jun 2023 |
| Exports: FOB: Prawn (PAB th) | 4,930.818 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 (PAB th) | 343,442.332 Jun 2023 | monthly | Jan 2000 - 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 (PAB mn) | -2,408.674 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: Services: Credit (PAB mn) | 4,462.109 Dec 2022 | quarterly | Mar 2013 - Dec 2022 |
| BoP: CA: Goods: Debit (PAB mn) | -7,063.418 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: Services: Debit (PAB mn) | -1,290.158 Dec 2022 | quarterly | Mar 2013 - Dec 2022 |
| BoP: Financial Account (FA) (PAB mn) | 1,727.641 Dec 2022 | quarterly | Mar 2013 - Dec 2022 |
| BoP: Capital Account (PAB mn) | 2.015 Dec 2022 | quarterly | Mar 2013 - Dec 2022 |
| BoP: Capital Account: Debit (PAB mn) | 0.000 Dec 2022 | quarterly | Mar 2013 - Dec 2022 |
| BoP: Capital Account: Credit (PAB mn) | 2.015 Dec 2022 | quarterly | Mar 2013 - Dec 2022 |
| BoP: CA: Income: Credit (PAB mn) | 689.499 Dec 2022 | quarterly | Mar 2013 - Dec 2022 |
| BoP: Financing: Reserve Assets (PAB mn) | -444.696 Dec 2022 | quarterly | Mar 2013 - Dec 2022 |
| BoP: CA: Income: Debit (PAB mn) | -977.413 Dec 2022 | quarterly | Mar 2013 - Dec 2022 |
| BoP: FA: Direct Investment (PAB mn) | 581.314 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: FA: Portfolio Investment: Liabilities (PAB mn) | 968.070 Dec 2022 | quarterly | Mar 2013 - Dec 2022 |
| BoP: CA: Services (PAB mn) | 3,171.950 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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