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:

Panama Unemployment Rate

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 (%) 10.54 Sep 2023 quarterly Mar 2012 - Sep 2023
Algeria (%) 11.40 Jun 2019 quarterly Mar 2014 - Jun 2019
Argentina (%) 6.90 Mar 2023 quarterly Jun 1990 - Mar 2023
Armenia (%) 12.00 Sep 2023 quarterly Mar 2008 - Sep 2023
Australia (%) 4.06 Jan 2024 monthly Feb 1978 - Jan 2024
Austria (%) 4.90 Nov 2023 monthly Jan 1993 - Nov 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 Jan 2024 monthly Oct 2004 - Jan 2024
Belgium (%) 5.50 Jan 2024 monthly Jan 1983 - Jan 2024
Bolivia (%) 2.83 Dec 2023 quarterly Dec 2015 - Dec 2023
Bosnia and Herzegovina (%) 15.38 2022 yearly 2006 - 2022
Botswana (%) 20.68 2022 yearly 1991 - 2022
Brazil (%) 7.60 Jan 2024 monthly Mar 2012 - Jan 2024
Brunei (%) 5.20 2022 yearly 1981 - 2022
Bulgaria (%) 4.20 Dec 2023 quarterly Mar 2000 - Dec 2023
Cambodia (%) 2.40 2020 yearly 2020 - 2020
Canada (%) 5.70 Jan 2024 monthly Jan 1976 - Jan 2024
Chile (%) 8.44 Jan 2024 monthly Mar 2009 - Jan 2024
China (%) 5.10 Dec 2023 quarterly Mar 2017 - Dec 2023
Colombia (%) 12.12 Mar 2022 monthly Jan 2021 - Mar 2022
Croatia (%) 6.80 Dec 2022 quarterly Mar 1998 - Dec 2022
Cyprus (%) 6.70 Jan 2024 monthly Jan 2000 - Jan 2024
Czech Republic (%) 2.74 Dec 2023 monthly Jan 1993 - Dec 2023
Denmark (%) 4.90 Apr 2023 monthly Jan 2007 - Apr 2023
Ecuador (%) 3.38 Dec 2023 quarterly Dec 2013 - Dec 2023
Egypt (%) 6.90 Dec 2023 quarterly Mar 2003 - Dec 2023
Estonia (%) 5.30 Mar 2023 quarterly Mar 1997 - Mar 2023
European Union (%) 6.00 Jan 2024 monthly Jan 2000 - Jan 2024
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 (%) 3.10 Jan 2024 monthly Jan 1991 - Jan 2024
Ghana (%) 3.92 2023 yearly 1991 - 2023
Greece (%) 11.20 Apr 2023 monthly Apr 1998 - Apr 2023
Hong Kong SAR, China (%) 2.90 Jan 2024 monthly Oct 1981 - Jan 2024
Hungary (%) 4.60 Jan 2024 monthly Jan 2000 - Jan 2024
Iceland (%) 3.78 Jan 2024 monthly Jan 2003 - Jan 2024
India (%) 7.11 2020 yearly 1991 - 2020
Indonesia (%) 5.32 2023 yearly 1984 - 2023
Iran (%) 8.90 Dec 2021 quarterly Jun 2001 - Dec 2021
Ireland (%) 4.10 Jul 2023 monthly Jan 1998 - Jul 2023
Israel (%) 3.19 Jan 2024 monthly Jan 2012 - Jan 2024
Italy (%) 7.20 Jan 2024 monthly Jan 1983 - Jan 2024
Ivory Coast (%) 3.50 2020 yearly 1991 - 2020
Japan (%) 2.40 Jan 2024 monthly Jan 1953 - Jan 2024
Jordan (%) 22.30 May 2023 quarterly Feb 2000 - May 2023
Kazakhstan (%) 4.70 Jan 2024 monthly Jan 2001 - Jan 2024
Kenya (%) 2.98 2020 yearly 1991 - 2020
South Korea (%) 3.00 Jan 2024 monthly Jun 1999 - Jan 2024
Kosovo (%) 11.50 Mar 2023 quarterly Mar 2016 - Mar 2023
Kuwait (%) 0.93 2021 yearly 1999 - 2021
Kyrgyzstan (%) 4.90 2022 yearly 1992 - 2022
Laos (%) 0.95 2020 yearly 1991 - 2020
Latvia (%) 6.90 Jan 2024 monthly Jan 1998 - Jan 2024
Lebanon (%) 29.56 2021 yearly 2004 - 2021
Lithuania (%) 7.70 Jan 2024 monthly Jan 1998 - Jan 2024
Luxembourg (%) 5.55 Jan 2024 monthly Jan 1995 - Jan 2024
Macau SAR, China (%) 2.20 Jan 2024 monthly Sep 1996 - Jan 2024
North Macedonia (%) 13.00 Dec 2023 quarterly Mar 2023 - Dec 2023
Malawi (%) 6.60 2013 yearly 2005 - 2013
Malaysia (%) 3.40 Dec 2023 monthly Jan 2010 - Dec 2023
Malta (%) 2.50 Sep 2023 quarterly Dec 2000 - Sep 2023
Mauritius (%) 7.10 Mar 2020 quarterly Mar 2004 - Mar 2020
Mexico (%) 2.76 Jan 2024 monthly Jan 2005 - Jan 2024
Moldova (%) 5.55 Mar 2023 quarterly Mar 1999 - Mar 2023
Mongolia (%) 3.92 Dec 2023 quarterly Sep 2006 - Dec 2023
Montenegro (%) 11.80 Sep 2023 quarterly Mar 2008 - Sep 2023
Morocco (%) 12.40 Jun 2023 quarterly Mar 1999 - Jun 2023
Mozambique (%) 3.87 2023 yearly 1991 - 2023
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 (%) 4.00 Dec 2023 quarterly Mar 1986 - Dec 2023
Nigeria (%) 4.10 Mar 2023 quarterly Dec 2022 - Mar 2023
Norway (%) 3.90 Dec 2023 monthly Jan 1989 - Dec 2023
Oman (%) 3.20 Dec 2023 monthly Mar 2018 - Dec 2023
Pakistan (%) 6.30 2021 yearly 1980 - 2021
Palestinian Territory (%) 24.10 Sep 2023 quarterly Mar 2000 - Sep 2023
Panama (%) 11.30 2021 yearly 2003 - 2021
Paraguay (%) 5.23 Dec 2023 quarterly Mar 2017 - Dec 2023
Peru (%) 7.20 Jan 2024 monthly Mar 2001 - Jan 2024
Philippines (%) 4.50 Apr 2023 quarterly Jul 1982 - Apr 2023
Poland (%) 5.40 Jan 2024 monthly Jan 1990 - Jan 2024
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 (%) 3.03 Sep 2023 monthly Jan 1994 - Sep 2023
Saudi Arabia (%) 5.12 Sep 2023 quarterly Mar 2012 - Sep 2023
Serbia (%) 9.10 Dec 2023 quarterly Mar 2014 - Dec 2023
Singapore (%) 1.90 May 2023 monthly Mar 2020 - May 2023
Slovakia (%) 3.97 Jan 2024 monthly Jan 2006 - Jan 2024
Slovenia (%) 3.90 Sep 2023 quarterly Jun 1997 - Sep 2023
South Africa (%) 32.10 Dec 2023 quarterly Mar 2008 - Dec 2023
Spain (%) 11.76 Dec 2023 quarterly Sep 1976 - Dec 2023
Sri Lanka (%) 4.70 Sep 2023 quarterly Mar 2004 - Sep 2023
Sudan (%) 20.30 2010 yearly 1993 - 2010
Sweden (%) 7.22 Apr 2023 monthly Jan 1983 - Apr 2023
Switzerland (%) 4.01 Dec 2023 monthly Jan 1991 - Dec 2023

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Panama Key Series

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Includes 164 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 (%) -4.0 2022 yearly 2003 - 2022
Consolidated Fiscal Balance (USD mn) -2,462.500 2023 yearly 2003 - 2023
Tax Revenue (USD mn) 762.604 Dec 2023 monthly Jan 1995 - Dec 2023
Tax Revenue: % of GDP (%) 7.2 Sep 2023 quarterly Mar 2007 - Sep 2023
National Government Debt (USD mn) 46,894.6 Jan 2024 monthly Jul 2004 - Jan 2024
Government Debt: % of GDP (%) 56.0 Sep 2023 quarterly Dec 2007 - Sep 2023
Forecast: Government Expenditure (PAB bn) 22.880 2028 yearly 1994 - 2028
Forecast: Government Net Debt (PAB bn) 53.964 2028 yearly 1994 - 2028
Forecast: Government Revenue (PAB bn) 21.239 2028 yearly 1994 - 2028
Central Government Revenue: Current Revenue: Tax (PAB th) 762,604.057 Dec 2023 monthly Jan 1995 - Dec 2023
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 553,673.642 Dec 2023 monthly Jan 1995 - Dec 2023
Central Government Revenue: Current Revenue (PAB th) 3,105,099.378 Dec 2023 monthly Jan 1995 - Dec 2023
Public Debt: Domestic (USD mn) 7,004.936 Jan 2024 monthly Jul 2004 - Jan 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 7.314 2028 yearly 1980 - 2028
Trade Balance (USD mn) -1,100.0 Dec 2023 monthly Jan 1964 - Dec 2023
Total Exports (USD mn) 145.2 Feb 2023 monthly Jan 2000 - Feb 2023
Total Exports Growth (%) -79.6 Dec 2023 monthly Jan 2001 - Dec 2023
Aluminum: Exports (USD th) 1,490.770 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) 1,171.0 Dec 2023 monthly Jan 2000 - Dec 2023
Total Imports Growth (%) -6.6 Dec 2023 monthly Jan 2001 - Dec 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) 14.124 Nov 2023 monthly Jan 1970 - Nov 2023
Total Imports from USA (USD mn) 179.004 Nov 2023 monthly Jan 1967 - Nov 2023
Total Exports to China (USD mn) 1,072.958 2021 yearly 1999 - 2021
Total Imports from China (USD mn) 149.250 Nov 2023 monthly Mar 1989 - Nov 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
Imports: CIF: Asia: Rest of Asia: Taiwan (PAB th) 48,718.000 2021 yearly 1999 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 122.2 Sep 2023 quarterly Mar 2013 - Sep 2023
Current Account Balance (USD mn) -5,854.6 Sep 2023 quarterly Mar 1998 - Sep 2023
Current Account Balance: % of GDP (%) -28.8 Sep 2023 quarterly Mar 2007 - Sep 2023
Foreign Direct Investment (USD mn) -176.4 Sep 2023 quarterly Mar 1998 - Sep 2023
Foreign Direct Investment: % of GDP (%) -0.9 Sep 2023 quarterly Mar 2007 - Sep 2023
Foreign Portfolio Investment (USD mn) 44.032 Sep 2023 quarterly Mar 2013 - Sep 2023
Foreign Portfolio Investment: % of GDP (%) 0.2 Sep 2023 quarterly Mar 2007 - Sep 2023
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Sep 2023 quarterly Mar 2013 - Sep 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 44.032 Sep 2023 quarterly Mar 2013 - Sep 2023
External Debt (USD mn) 39,889.6 Jan 2024 monthly Jul 2004 - Jan 2024
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) -2.777 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) -73,105.081 Sep 2023 quarterly Mar 2002 - Sep 2023
BoP: Net Errors and Omissions (PAB mn) 3,834.392 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Goods (PAB mn) -8,365.923 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Goods: Credit (PAB mn) 4,746.572 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Goods: Debit (PAB mn) -13,112.495 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Services (PAB mn) 3,487.795 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Services: Credit (PAB mn) 4,976.487 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Services: Debit (PAB mn) -1,488.692 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Income (PAB mn) -920.422 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Income: Credit (PAB mn) 935.134 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Income: Debit (PAB mn) -1,855.556 Sep 2023 quarterly Mar 2013 - Sep 2023
Balance of Payment (BoP): Current Account (CA) (PAB mn) -5,854.602 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: Capital Account (PAB mn) 2.380 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: Capital Account: Credit (PAB mn) 2.380 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: Capital Account: Debit (PAB mn) 0.000 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: Financing: Reserve Assets (PAB mn) 1,266.187 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: Financial Account (FA) (PAB mn) 723.337 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: FA: Direct Investment (PAB mn) -298.620 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: FA: Portfolio Investment: Liabilities (PAB mn) 44.032 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: FA: Portfolio Investment: Assets (PAB mn) 540.810 Sep 2023 quarterly Mar 2013 - Sep 2023
International Investment Position (IIP) (USD mn) -73,105.081 Sep 2023 quarterly Mar 2015 - Sep 2023
IIP: Assets (USD mn) 97,645.344 Sep 2023 quarterly Mar 2015 - Sep 2023
IIP: Liabilities (USD mn) 170,750.425 Sep 2023 quarterly Mar 2015 - Sep 2023
Foreign Direct Investment (FDI) (PAB mn) -176.394 Sep 2023 quarterly Mar 2013 - Sep 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.9 Nov 2023 monthly Dec 2008 - Nov 2023
Household Debt: % of GDP (%) 38.3 Sep 2023 quarterly Dec 2007 - Sep 2023
Non-Performing Loans (USD mn) 1,670.620 Nov 2023 monthly Dec 2008 - Nov 2023
Money Supply M1 (USD mn) 9,005.520 Nov 2023 monthly Dec 2002 - Nov 2023
Money Supply M2 (USD mn) 38,886.890 Nov 2023 monthly Dec 2002 - Nov 2023
M2 Growth (%) 2.9 Nov 2023 monthly Dec 2003 - Nov 2023
Foreign Exchange Reserves (USD mn) 5,420.6 Jan 2024 monthly Oct 1969 - Jan 2024
Foreign Exchange Reserves: % of GDP (%) 5.035 Sep 2023 quarterly Dec 2007 - Sep 2023
Foreign Exchange Reserves: Months of Import (NA) 5.2 Dec 2023 monthly Jan 2000 - Dec 2023
Gold Reserves (USD mn) 0.000 Jan 2024 monthly Sep 1969 - Jan 2024
Total Deposits (USD mn) 104,202.564 Nov 2023 monthly Dec 1998 - Nov 2023
Total Deposits Growth (%) 5.2 Nov 2023 monthly Dec 1999 - Nov 2023
Domestic Credit (USD mn) 60,945.5 Nov 2023 monthly Dec 2001 - Nov 2023
Domestic Credit Growth (%) 3.4 Nov 2023 monthly Dec 2002 - Nov 2023
Household Debt (USD mn) 31,588.9 Nov 2023 monthly Oct 2005 - Nov 2023
Total Loans (USD mn) 89,824.234 Nov 2023 monthly Dec 1998 - Nov 2023
Total Loans Growth (%) 4.14 Nov 2023 monthly Dec 1999 - Nov 2023
Private Debt: % of Nominal GDP (%) 69.44 Sep 2023 quarterly Dec 2007 - Sep 2023
Money Supply: M3 (PAB mn) 38,886.890 Nov 2023 monthly Dec 2002 - Nov 2023

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