Panama Labour Force Participation Rate

2003 - 2021 | Yearly | % | National Institute of Statistics and Census

Key information about Panama Labour Force Participation Rate

  • Panama Labour Force Participation Rate dropped to 60.4 % in Aug 2021, compared with 66.5 % in the previous year.
  • Panama Labour Force Participation Rate is updated yearly, available from Aug 2003 to Aug 2021, with an average rate of 63.7 % .
  • 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 2023.
  • Unemployment Rate of Panama increased to 11.3 % in Aug 2021.
  • The country's Monthly Earnings stood at 1,278.5 USD in Aug 2021.

View Panama's Labour Force Participation Rate from 2003 to 2021 in the chart:

Panama Labour Force Participation Rate

What was Panama's Labour Force Participation Rate in 2021?

Panama Labour Force Participation Rate dropped to 60.4 % in Aug 2021, compared with 66.5 % in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
60.4 2021 66.5 2019 60.4 2021 66.5 2019 % yearly 2003 - 2021

Labour Force Participation Rate by Country Comparison

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country/region Last Frequency Range
Albania (%) 64.5 Sep 2023 quarterly Mar 2012 - Sep 2023
Algeria (%) 41.7 2018 yearly 2003 - 2018
Argentina (%) 60.5 2022 yearly 1990 - 2022
Armenia (%) 61.7 Sep 2023 quarterly Mar 2008 - Sep 2023
Australia (%) 66.0 Jan 2024 monthly Feb 1978 - Jan 2024
Austria (%) 77.1 Jun 2022 quarterly Mar 2021 - Jun 2022
Azerbaijan (%) 70.0 2022 yearly 1990 - 2022
Bahrain (%) 71.8 2022 yearly 1990 - 2022
Bangladesh (%) 58.3 2022 yearly 1990 - 2022
Belarus (%) 86.8 2022 yearly 1995 - 2022
Belgium (%) 70.9 Dec 2023 quarterly Mar 1999 - Dec 2023
Bolivia (%) 77.7 Sep 2022 quarterly Dec 2015 - Sep 2022
Bosnia and Herzegovina (%) 47.6 2022 yearly 2006 - 2022
Botswana (%) 64.6 2022 yearly 1990 - 2022
Brazil (%) 62.1 Jan 2024 monthly Mar 2012 - Jan 2024
Brunei (%) 64.4 2022 yearly 1990 - 2022
Bulgaria (%) 56.1 Sep 2023 quarterly Jun 2000 - Sep 2023
Cambodia (%) 87.4 2020 yearly 2020 - 2020
Canada (%) 64.7 Feb 2024 monthly Jan 1976 - Feb 2024
Chile (%) 62.1 Jan 2024 monthly Mar 2009 - Jan 2024
China (%) 66.9 2022 yearly 1990 - 2022
Colombia (%) 63.3 Jan 2024 monthly Jan 2001 - Jan 2024
Croatia (%) 52.2 Jun 2023 quarterly Mar 2007 - Jun 2023
Cyprus (%) 64.9 Dec 2023 quarterly Jun 1999 - Dec 2023
Czech Republic (%) 60.2 Sep 2023 quarterly Mar 1993 - Sep 2023
Denmark (%) 72.7 Jan 2024 monthly Jan 2007 - Jan 2024
Ecuador (%) 65.6 Dec 2023 quarterly Dec 2013 - Dec 2023
Egypt (%) 42.7 2022 yearly 2009 - 2022
Estonia (%) 67.0 Sep 2023 quarterly Mar 2000 - Sep 2023
European Union (%) 75.4 2022 yearly 1990 - 2022
Finland (%) 67.3 Jan 2024 monthly May 2004 - Jan 2024
France (%) 74.1 Dec 2023 quarterly Mar 2003 - Dec 2023
Georgia (%) 51.9 2022 yearly 1998 - 2022
Germany (%) 55.9 Dec 2023 quarterly Mar 2007 - Dec 2023
Ghana (%) 68.9 2022 yearly 1990 - 2022
Greece (%) 60.9 Jan 2024 monthly Jan 2004 - Jan 2024
Hong Kong SAR, China (%) 57.1 Jan 2024 monthly Dec 1981 - Jan 2024
Hungary (%) 67.9 Dec 2023 quarterly Mar 2009 - Dec 2023
Iceland (%) 81.0 Jan 2024 monthly Jan 2003 - Jan 2024
India (%) 42.4 2023 yearly 1990 - 2023
Indonesia (%) 69.5 Aug 2023 semiannually Feb 2005 - Aug 2023
Iran (%) 41.0 Dec 2022 quarterly Jun 2018 - Dec 2022
Ireland (%) 65.4 Dec 2023 quarterly Mar 1998 - Dec 2023
Israel (%) 62.7 Dec 2023 monthly Jan 2012 - Dec 2023
Italy (%) 48.2 Dec 2020 monthly Jan 2004 - Dec 2020
Ivory Coast (%) 64.4 2022 yearly 1990 - 2022
Japan (%) 62.6 Jan 2024 monthly Jan 1968 - Jan 2024
Jordan (%) 39.3 2022 yearly 1990 - 2022
Kazakhstan (%) 68.3 Dec 2023 quarterly Jun 2001 - Dec 2023
Kenya (%) 73.7 2022 yearly 1990 - 2022
South Korea (%) 63.6 Feb 2024 monthly Jun 1999 - Feb 2024
Kosovo (%) 39.5 Mar 2023 quarterly Mar 2016 - Mar 2023
Kuwait (%) 71.5 2022 yearly 1990 - 2022
Kyrgyzstan (%) 60.1 2022 yearly 1994 - 2022
Laos (%) 59.5 2022 yearly 1990 - 2022
Latvia (%) 68.6 Dec 2023 quarterly Mar 2002 - Dec 2023
Lebanon (%) 45.5 2022 yearly 1990 - 2022
Lithuania (%) 63.6 Dec 2023 quarterly Jun 1998 - Dec 2023
Luxembourg (%) 54.9 2022 yearly 2000 - 2022
Macau SAR, China (%) 67.9 Jan 2024 monthly Sep 1996 - Jan 2024
North Macedonia (%) 52.2 Dec 2023 quarterly Mar 2023 - Dec 2023
Malawi (%) 68.9 2022 yearly 1990 - 2022
Malaysia (%) 70.2 Jan 2024 monthly Jan 2010 - Jan 2024
Malta (%) 81.9 Sep 2023 quarterly Mar 2018 - Sep 2023
Mauritius (%) 58.4 Sep 2023 quarterly Mar 2004 - Sep 2023
Mexico (%) 59.8 Jan 2024 monthly Jan 2005 - Jan 2024
Moldova (%) 44.7 Dec 2023 quarterly Mar 2015 - Dec 2023
Mongolia (%) 57.6 Dec 2023 quarterly Sep 2006 - Dec 2023
Montenegro (%) 66.5 Sep 2023 quarterly Mar 2008 - Sep 2023
Morocco (%) 44.8 Jun 2023 quarterly Mar 1999 - Jun 2023
Mozambique (%) 78.9 2022 yearly 1990 - 2022
Myanmar (%) 59.4 2020 yearly 1991 - 2020
Nepal (%) 40.2 2022 yearly 1990 - 2022
Netherlands (%) 73.1 Jan 2024 monthly Jan 2003 - Jan 2024
New Zealand (%) 72.2 Dec 2023 quarterly Mar 1986 - Dec 2023
Nigeria (%) 59.0 2022 yearly 1990 - 2022
Norway (%) 65.3 2022 yearly 1989 - 2022
Oman (%) 67.7 2022 yearly 1990 - 2022
Pakistan (%) 32.3 2021 yearly 1990 - 2021
Palestinian Territory (%) 44.4 Sep 2023 quarterly Jun 2002 - Sep 2023
Panama (%) 60.4 2021 yearly 2003 - 2021
Paraguay (%) 71.1 Dec 2023 quarterly Mar 2017 - Dec 2023
Peru (%) 72.4 2022 yearly 2001 - 2022
Philippines (%) 61.1 Jan 2024 quarterly Jul 2003 - Jan 2024
Poland (%) 58.9 Dec 2023 quarterly Mar 2010 - Dec 2023
Portugal (%) 61.0 Dec 2023 quarterly Mar 2011 - Dec 2023
Qatar (%) 87.7 2022 yearly 2006 - 2022
Romania (%) 51.5 Sep 2023 quarterly Mar 1996 - Sep 2023
Russia (%) 63.0 Sep 2023 monthly Aug 2009 - Sep 2023
Saudi Arabia (%) 61.7 Mar 2023 quarterly Jun 2016 - Mar 2023
Serbia (%) 55.8 Jun 2023 quarterly Mar 2014 - Jun 2023
Slovakia (%) 62.5 Dec 2023 quarterly Mar 2021 - Dec 2023
Slovenia (%) 58.7 Sep 2023 quarterly Mar 2008 - Sep 2023
South Africa (%) 60.0 Dec 2023 quarterly Mar 2008 - Dec 2023
Spain (%) 59.0 Dec 2023 quarterly Sep 1976 - Dec 2023
Sri Lanka (%) 48.8 Sep 2023 quarterly Mar 2004 - Sep 2023
Sudan (%) 48.6 2022 yearly 1990 - 2022
Sweden (%) 74.5 Feb 2024 monthly Apr 2005 - Feb 2024
Switzerland (%) 68.0 Dec 2023 quarterly Mar 2010 - Dec 2023
Syria (%) 38.3 2022 yearly 1990 - 2022

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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) 826,342.125 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
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 617,411.710 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
Balance of Payment (BoP): Current Account (CA) (PAB mn) -5,854.602 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: Credit (PAB mn) 4,976.487 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: 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
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: Assets (PAB mn) 540.810 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: FA: Portfolio Investment: Liabilities (PAB mn) 44.032 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 (%) 1.6 Jan 2024 monthly Dec 2008 - Jan 2024
Household Debt: % of GDP (%) 38.3 Sep 2023 quarterly Dec 2007 - Sep 2023
Non-Performing Loans (USD mn) 1,472.789 Jan 2024 monthly Dec 2008 - Jan 2024
Money Supply M1 (USD mn) 9,318.060 Dec 2023 monthly Dec 2002 - Dec 2023
Money Supply M2 (USD mn) 39,528.840 Dec 2023 monthly Dec 2002 - Dec 2023
M2 Growth (%) 3.9 Dec 2023 monthly Dec 2003 - Dec 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) 104,069.234 Jan 2024 monthly Dec 1998 - Jan 2024
Total Deposits Growth (%) 5.8 Jan 2024 monthly Dec 1999 - Jan 2024
Domestic Credit (USD mn) 60,991.9 Jan 2024 monthly Dec 2001 - Jan 2024
Domestic Credit Growth (%) 4.0 Jan 2024 monthly Dec 2002 - Jan 2024
Household Debt (USD mn) 31,951.1 Jan 2024 monthly Oct 2005 - Jan 2024
Total Loans (USD mn) 90,529.510 Jan 2024 monthly Dec 1998 - Jan 2024
Total Loans Growth (%) 5.49 Jan 2024 monthly Dec 1999 - Jan 2024
Private Debt: % of Nominal GDP (%) 69.44 Sep 2023 quarterly Dec 2007 - Sep 2023
Money Supply: M3 (PAB mn) 39,528.840 Dec 2023 monthly Dec 2002 - Dec 2023

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