Panama Unemployment Rate

2003 - 2019 | Yearly | % | National Institute of Statistics and Census

Panama Unemployment Rate increased to 7.10 % in Aug 2019, from the previously reported number of 6.00 % in Aug 2018. Panama Unemployment Rate is updated yearly, available from Aug 2003 to Aug 2019, with an average rate of 6.10 %. 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 4.28 million people in Jun 2020. Monthly Earnings of Panama stood at 1,209.49 USD in Aug 2019. The country's Labour Force Participation Rate increased to 66.50 % in Aug 2019.

View Panama's Unemployment Rate from 2003 to 2019 in the chart:

Panama Unemployment Rate

What was Panama's Unemployment Rate in 2019?

Last Previous Min Max Unit Frequency Range
7.10 2019 6.00 2018 4.10 2013 13.00 2003 % yearly 2003 - 2019

Unemployment Rate by Country Comparison

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country/region Last Frequency Range
Albania (%) 11.80 Dec 2020 quarterly Mar 2012 - Dec 2020
Algeria (%) 11.70 Sep 2017 quarterly Jun 2014 - Sep 2017
Argentina (%) 13.10 Jun 2020 quarterly Dec 2002 - Jun 2020
Armenia (%) 18.10 Sep 2020 quarterly Mar 2008 - Sep 2020
Australia (%) 7.00 Oct 2020 monthly Feb 1978 - Oct 2020
Austria (%) 5.52 Sep 2020 monthly Jan 1993 - Sep 2020
Azerbaijan (%) 6.94 Sep 2020 quarterly Mar 2008 - Sep 2020
Bahrain (%) 4.30 2016 yearly 1991 - 2016
Bangladesh (%) 5.30 2020 yearly 1991 - 2020
Belarus (%) 0.20 Jan 2021 monthly Oct 2004 - Jan 2021
Belgium (%) 5.20 Sep 2020 monthly Jan 1983 - Sep 2020
Bolivia (%) 3.40 2017 yearly 1999 - 2017
Bosnia and Herzegovina (%) 15.70 2019 yearly 2006 - 2019
Botswana (%) 18.72 2020 yearly 1991 - 2020
Brazil (%) 14.20 Jan 2021 monthly Mar 2012 - Jan 2021
Brunei (%) 8.37 2020 yearly 1991 - 2020
Bulgaria (%) 5.20 Dec 2020 quarterly Mar 2000 - Dec 2020
Cambodia (%) 0.10 2017 yearly 2007 - 2017
Canada (%) 8.90 Oct 2020 monthly Jan 1976 - Oct 2020
Chile (%) 11.60 Oct 2020 monthly Mar 2009 - Oct 2020
China (%) 4.24 Dec 2020 quarterly Dec 1999 - Dec 2020
Colombia (%) 15.77 Sep 2020 monthly Jan 2001 - Sep 2020
Croatia (%) 9.20 Dec 2020 quarterly Mar 2000 - Dec 2020
Cyprus (%) 8.00 Sep 2020 monthly Jan 2000 - Sep 2020
Czech Republic (%) 2.79 Sep 2020 monthly Jan 1993 - Sep 2020
Denmark (%) 5.80 Oct 2020 monthly Jan 2007 - Oct 2020
Ecuador (%) 4.96 Dec 2020 quarterly Dec 2013 - Dec 2020
Egypt (%) 7.20 Dec 2020 quarterly Mar 2003 - Dec 2020
Estonia (%) 7.70 Sep 2020 quarterly Mar 1989 - Sep 2020
European Union (%) 6.20 Jan 2020 monthly Jan 2000 - Jan 2020
Finland (%) 8.20 Dec 2020 monthly Jan 1988 - Dec 2020
France (%) 8.00 Dec 2020 quarterly Mar 1975 - Dec 2020
Georgia (%) 11.57 2019 yearly 1991 - 2019
Germany (%) 4.50 Sep 2020 monthly Jan 1991 - Sep 2020
Ghana (%) 4.51 2020 yearly 1991 - 2020
Greece (%) 16.80 Aug 2020 monthly Apr 1998 - Aug 2020
Hong Kong SAR, China (%) 6.40 Oct 2020 monthly Oct 1981 - Oct 2020
Hungary (%) 4.30 Oct 2020 monthly Jan 2000 - Oct 2020
Iceland (%) 5.60 Sep 2020 monthly Jan 2003 - Sep 2020
India (%) 7.11 2020 yearly 1991 - 2020
Indonesia (%) 7.07 2020 yearly 1984 - 2020
Iran (%) 10.60 Mar 2020 quarterly Jun 2001 - Mar 2020
Ireland (%) 7.30 Oct 2020 monthly Jan 1998 - Oct 2020
Israel (%) 4.71 Oct 2020 monthly Jan 2012 - Oct 2020
Italy (%) 10.20 Feb 2021 monthly Jan 1983 - Feb 2021
Ivory Coast (%) 3.50 2020 yearly 1991 - 2020
Japan (%) 3.00 Sep 2020 monthly Jan 1953 - Sep 2020
Jordan (%) 23.00 May 2020 quarterly Feb 2000 - May 2020
Kazakhstan (%) 5.00 Jul 2020 monthly Jan 2001 - Jul 2020
Kenya (%) 2.98 2020 yearly 1991 - 2020
South Korea (%) 4.00 Feb 2021 monthly Jun 1999 - Feb 2021
Kosovo (%) 29.10 Mar 2020 quarterly Mar 2016 - Mar 2020
Kuwait (%) 2.09 2018 yearly 1999 - 2018
Kyrgyzstan (%) 5.50 2019 yearly 1992 - 2019
Laos (%) 0.95 2020 yearly 1991 - 2020
Latvia (%) 8.00 Oct 2020 monthly Jan 1998 - Oct 2020
Lebanon (%) 11.35 2018 yearly 2004 - 2018
Lithuania (%) 10.40 Oct 2020 monthly Jan 1998 - Oct 2020
Luxembourg (%) 6.28 Oct 2020 monthly Jan 1995 - Oct 2020
Macau SAR, China (%) 2.70 Jan 2021 monthly Sep 1996 - Jan 2021
North Macedonia (%) 16.14 Dec 2020 quarterly Mar 2004 - Dec 2020
Malawi (%) 6.60 2013 yearly 2005 - 2013
Malaysia (%) 5.40 May 2020 monthly Jan 2016 - May 2020
Malta (%) 4.60 Sep 2020 quarterly Dec 2000 - Sep 2020
Mauritius (%) 7.10 Mar 2020 quarterly Mar 2004 - Mar 2020
Mexico (%) 3.26 Mar 2020 monthly Jan 2005 - Mar 2020
Moldova (%) 4.22 Jun 2020 quarterly Mar 1999 - Jun 2020
Mongolia (%) 7.57 Dec 2020 quarterly Sep 2006 - Dec 2020
Montenegro (%) 19.00 Sep 2020 quarterly Mar 2008 - Sep 2020
Morocco (%) 12.20 Dec 2020 quarterly Mar 1999 - Dec 2020
Mozambique (%) 3.24 2020 yearly 1991 - 2020
Myanmar (%) 1.79 2020 yearly 1991 - 2020
Nepal (%) 4.44 2020 yearly 1991 - 2020
Netherlands (%) 3.80 Mar 2020 monthly Jan 2003 - Mar 2020
New Zealand (%) 4.90 Dec 2020 quarterly Mar 1986 - Dec 2020
Nigeria (%) 27.11 Jun 2020 quarterly Mar 2012 - Jun 2020
Norway (%) 5.20 Sep 2020 monthly Jan 1989 - Sep 2020
Oman (%) 2.80 Oct 2020 monthly Mar 2018 - Oct 2020
Pakistan (%) 5.79 2018 yearly 1980 - 2018
Palestinian Territory (%) 23.40 Dec 2020 quarterly Mar 1998 - Dec 2020
Panama (%) 7.10 2019 yearly 2003 - 2019
Paraguay (%) 8.16 Sep 2020 quarterly Mar 2017 - Sep 2020
Peru (%) 16.43 Oct 2020 monthly Mar 2001 - Oct 2020
Philippines (%) 10.00 Jul 2020 quarterly Jul 1982 - Jul 2020
Poland (%) 6.10 Oct 2020 monthly Jan 1990 - Oct 2020
Portugal (%) 7.50 Oct 2020 monthly Feb 1998 - Oct 2020
Qatar (%) 0.10 2019 yearly 1997 - 2019
Romania (%) 5.70 Feb 2021 monthly Jan 1997 - Feb 2021
Russia (%) 6.35 Sep 2020 monthly Jan 1994 - Sep 2020
Saudi Arabia (%) 8.98 Jun 2020 quarterly Mar 2012 - Jun 2020
Serbia (%) 9.90 Dec 2020 quarterly Mar 2014 - Dec 2020
Singapore (%) 3.60 Sep 2020 quarterly Mar 1987 - Sep 2020
Slovakia (%) 7.35 Oct 2020 monthly Jan 2006 - Oct 2020
Slovenia (%) 5.10 Dec 2020 quarterly Jun 1997 - Dec 2020
South Africa (%) 32.50 Dec 2020 quarterly Mar 2008 - Dec 2020
Spain (%) 16.13 Dec 2020 quarterly Sep 1976 - Dec 2020
Sri Lanka (%) 5.20 Dec 2020 quarterly Jun 2012 - Dec 2020
Sudan (%) 20.30 2010 yearly 1993 - 2010
Sweden (%) 8.91 Oct 2020 monthly Jan 1983 - Oct 2020
Switzerland (%) 5.01 Dec 2020 monthly Jan 1991 - Dec 2020

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Panama Key Series

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Includes 243 key indicators for Panama, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -10.1 2020 yearly 2003 - 2020
Consolidated Fiscal Balance (USD mn) -5,350.400 2020 yearly 2003 - 2020
Tax Revenue (USD mn) 247.841 Feb 2021 monthly Jan 1995 - Feb 2021
Tax Revenue: % of GDP (%) 8.5 Sep 2020 quarterly Mar 2007 - Sep 2020
National Government Debt (USD mn) 36,959.9 Dec 2020 monthly Jul 2004 - Dec 2020
Government Debt: % of GDP (%) 69.8 Dec 2020 quarterly Dec 2007 - Dec 2020
Forecast: Government Expenditure (PAB bn) 18.463 2026 yearly 1994 - 2026
Forecast: Government Net Debt (PAB bn) 45.856 2026 yearly 1994 - 2026
Forecast: Government Revenue (PAB bn) 17.220 2026 yearly 1994 - 2026
Central Government Revenue: Current Revenue (PAB th) 340,747.320 Feb 2021 monthly Jan 1995 - Feb 2021
Central Government Revenue: Current Revenue: Tax (PAB th) 247,840.708 Feb 2021 monthly Jan 1995 - Feb 2021
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 119,181.240 Feb 2021 monthly Jan 1995 - Feb 2021
Central Government Operations: Total Revenue (PAB th) 12,335,110.903 2018 yearly 2000 - 2018
Central Government Operations: Total Expenditure (PAB th) 13,335,911.222 2019 yearly 2000 - 2019
CGO: Expenditure: Current (USD mn) 7,406.300 2019 yearly 1993 - 2019
CGO: Expenditure: Capital (USD mn) 3,521.800 2019 yearly 1993 - 2019
CGO: Overall Balance, Accrual Basis (USD mn) -2,504.800 2019 yearly 1993 - 2019
Public Debt: Domestic (USD mn) 6,656.615 Feb 2021 monthly Jul 2004 - Feb 2021
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 7.757 2026 yearly 1980 - 2026
Trade Balance (USD mn) -430.5 Jan 2021 monthly Jan 1964 - Jan 2021
Total Exports (USD mn) 238.5 Feb 2021 monthly Jan 2000 - Feb 2021
Total Exports Growth (%) 29.6 Feb 2021 monthly Jan 2001 - Feb 2021
Aluminum: Exports (USD th) 7,433.156 2019 yearly 1995 - 2019
Exports: Medicament (USD th) 828,726.833 2019 yearly 1995 - 2019
Exports: Medicinal and Pharmaceutical Product (USD th) 52,026.873 2019 yearly 1995 - 2019
Total Imports (USD mn) 672.0 Jan 2021 monthly Jan 2000 - Jan 2021
Total Imports Growth (%) -26.4 Jan 2021 monthly Jan 2001 - Jan 2021
Imports: Medicament (USD th) 945,925.460 2019 yearly 1995 - 2019
Imports: Medicinal and Pharmaceutical Product (USD th) 179,739.197 2019 yearly 1995 - 2019
Total Exports to USA (USD mn) 17.521 Oct 2020 monthly Jan 1970 - Oct 2020
Total Imports from USA (USD mn) 225.235 Dec 2020 monthly Jan 1967 - Dec 2020
Total Exports to China (USD mn) 30.644 2018 yearly 1999 - 2018
Total Imports from China (USD mn) 54.165 Dec 2020 monthly Mar 1989 - Dec 2020
Exports: FOB: America: NAFTA: USA (PAB th) 112,882.000 2018 yearly 1999 - 2018
Exports: FOB: America: NAFTA: Mexico (PAB th) 8,293.000 2018 yearly 1999 - 2018
Exports: FOB: Asia: Rest of Asia: South Korea (PAB th) 49,411.000 2018 yearly 1999 - 2018
Exports: FOB: Asia: Rest of Asia: China (PAB th) 30,644.000 2018 yearly 1999 - 2018
Exports: FOB: Asia: Rest of Asia: Taiwan (PAB th) 7,417.000 2018 yearly 1999 - 2018
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: ASEAN: Thailand (PAB th) 120,467.000 2018 yearly 1999 - 2018
Imports: CIF: Asia: Rest of Asia: China (PAB th) 57,989.000 2018 yearly 1999 - 2018
Imports: CIF: Asia: Rest of Asia: Taiwan (PAB th) 195,501.000 2018 yearly 1999 - 2018
Imports: CIF: America: LAIA: MERCOSUR: Brazil (PAB th) 243,990.000 2018 yearly 1999 - 2018
Imports: CIF: America: NAFTA: USA (PAB th) 3,281,120.000 2018 yearly 1999 - 2018
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 334.3 Sep 2020 quarterly Mar 2013 - Sep 2020
Current Account Balance (USD mn) 17.8 Sep 2020 quarterly Mar 1998 - Sep 2020
Current Account Balance: % of GDP (%) 0.1 Sep 2020 quarterly Mar 2007 - Sep 2020
Foreign Direct Investment (USD mn) 461.8 Sep 2020 quarterly Mar 1998 - Sep 2020
Foreign Direct Investment: % of GDP (%) 3.8 Sep 2020 quarterly Mar 2007 - Sep 2020
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Sep 2020 quarterly Mar 2013 - Sep 2020
Foreign Portfolio Investment: % of GDP (%) 18.5 Sep 2020 quarterly Mar 2007 - Sep 2020
Foreign Portfolio Investment (USD mn) 2,222.902 Sep 2020 quarterly Mar 2013 - Sep 2020
Foreign Portfolio Investment: Debt Securities (USD mn) 2,222.902 Sep 2020 quarterly Mar 2013 - Sep 2020
External Debt (USD mn) 29,817.4 Dec 2020 monthly Jul 2004 - Dec 2020
External Debt: % of GDP (%) 156.8 2019 yearly 2014 - 2019
External Debt: Short Term (USD mn) 38,673.4 Jun 2020 quarterly Sep 2014 - Jun 2020
External Debt: Short Term: % of GDP (%) 55.1 2019 yearly 1970 - 2019
Forecast: Current Account Balance (USD bn) -2.091 2026 yearly 1980 - 2026
Net International Investment Position (USD mn) -63,872.394 Sep 2020 quarterly Mar 2002 - Sep 2020
BoP: FA: Portfolio Investment: Liabilities (PAB mn) 2,222.902 Sep 2020 quarterly Mar 2013 - Sep 2020
BoP: FA: Portfolio Investment: Assets (PAB mn) 443.412 Sep 2020 quarterly Mar 2013 - Sep 2020
BoP: FA: Direct Investment (PAB mn) 127.490 Sep 2020 quarterly Mar 2013 - Sep 2020
Balance of Payment (BoP): Current Account (CA) (PAB mn) 17.824 Sep 2020 quarterly Mar 2013 - Sep 2020
BoP: Financial Account (FA) (PAB mn) 2,991.995 Sep 2020 quarterly Mar 2013 - Sep 2020
BoP: CA: Services: Credit (PAB mn) 1,858.600 Sep 2020 quarterly Mar 2013 - Sep 2020
BoP: CA: Goods: Debit (PAB mn) -3,500.405 Sep 2020 quarterly Mar 2013 - Sep 2020
BoP: Capital Account (PAB mn) 2.510 Sep 2020 quarterly Mar 2013 - Sep 2020
BoP: CA: Income (PAB mn) -632.289 Sep 2020 quarterly Mar 2013 - Sep 2020
BoP: CA: Services: Debit (PAB mn) -558.270 Sep 2020 quarterly Mar 2013 - Sep 2020
BoP: CA: Services (PAB mn) 1,300.330 Sep 2020 quarterly Mar 2013 - Sep 2020
BoP: Financing: Reserve Assets (PAB mn) -4,139.419 Sep 2020 quarterly Mar 2013 - Sep 2020
BoP: CA: Income: Credit (PAB mn) 366.092 Sep 2020 quarterly Mar 2013 - Sep 2020
BoP: CA: Goods (PAB mn) -681.536 Sep 2020 quarterly Mar 2013 - Sep 2020
BoP: CA: Income: Debit (PAB mn) -998.381 Sep 2020 quarterly Mar 2013 - Sep 2020
BoP: CA: Goods: Credit (PAB mn) 2,818.869 Sep 2020 quarterly Mar 2013 - Sep 2020
BoP: Capital Account: Credit (PAB mn) 2.510 Sep 2020 quarterly Mar 2013 - Sep 2020
BoP: Capital Account: Debit (PAB mn) 0.000 Sep 2020 quarterly Mar 2013 - Sep 2020
International Investment Position (IIP) (USD mn) -63,872.394 Sep 2020 quarterly Mar 2015 - Sep 2020
IIP: Liabilities (USD mn) 141,903.927 Sep 2020 quarterly Mar 2015 - Sep 2020
IIP: Assets (USD mn) 78,031.533 Sep 2020 quarterly Mar 2015 - Sep 2020
Foreign Direct Investment (FDI) (PAB mn) 461.767 Sep 2020 quarterly Mar 2013 - Sep 2020
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.6 Nov 2020 monthly Dec 2008 - Nov 2020
Household Debt: % of GDP (%) 49.6 Sep 2020 quarterly Dec 2007 - Sep 2020
Non-Performing Loans (USD mn) 1,194.080 Nov 2020 monthly Dec 2008 - Nov 2020
Money Supply M1 (USD mn) 9,094.309 Feb 2021 monthly Dec 2002 - Feb 2021
Money Supply M2 (USD mn) 45,813.861 Feb 2021 monthly Dec 2002 - Feb 2021
M2 Growth (%) 8.2 Feb 2021 monthly Dec 2003 - Feb 2021
Foreign Exchange Reserves (USD mn) 9,722.2 Feb 2021 monthly Oct 1969 - Feb 2021
Foreign Exchange Reserves: % of GDP (%) 17.675 Dec 2020 quarterly Dec 2007 - Dec 2020
Foreign Exchange Reserves: Months of Import (NA) 15.4 Jan 2021 monthly Jan 2000 - Jan 2021
Gold Reserves (USD mn) 0.000 Feb 2021 monthly Sep 1969 - Feb 2021
Total Deposits Growth (%) 11.4 Feb 2021 monthly Dec 1999 - Feb 2021
Total Deposits (USD mn) 95,926.795 Feb 2021 monthly Dec 1998 - Feb 2021
Domestic Credit (USD mn) 54,174.3 Jan 2021 monthly Dec 2001 - Jan 2021
Domestic Credit Growth (%) -1.8 Jan 2021 monthly Dec 2002 - Jan 2021
Household Debt (USD mn) 27,654.7 Jan 2021 monthly Oct 2005 - Jan 2021
Total Loans (USD mn) 74,276.604 Dec 2020 monthly Dec 1998 - Dec 2020
Total Loans Growth (%) -5.63 Oct 2020 monthly Dec 1999 - Oct 2020
Private Debt: % of Nominal GDP (%) 97.01 Dec 2020 quarterly Dec 2007 - Dec 2020
Money Supply: M1 (PAB mn) 8,202.360 Aug 2020 monthly Dec 2002 - Aug 2020
Money Supply: M3 (PAB mn) 45,813.861 Feb 2021 monthly Dec 2002 - Feb 2021
LC: National Banking System: Private Sector: Mortgage (PAB mn) 18,053.546 Jan 2021 monthly Dec 2002 - Jan 2021

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