Panama Labour Force Participation Rate
2003 - 2023 | Yearly | % | National Institute of Statistics and Census
Key information about Panama Labour Force Participation Rate
- Panama Labour Force Participation Rate increased to 62.4 % in Aug 2023, compared with 62.3 % in the previous year.
- Panama Labour Force Participation Rate is updated yearly, available from Aug 2003 to Aug 2023, with an average rate of 63.5 % .
- 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 dropped to 7.4 % in Aug 2023.
- The country's Monthly Earnings stood at 1,280.9 USD in Aug 2022.
View Panama's Labour Force Participation Rate from 2003 to 2023 in the chart:
What was Panama's Labour Force Participation Rate in 2023?
Panama Labour Force Participation Rate increased to 62.4 % in Aug 2023, compared with 62.3 % in the previous year. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 62.4 2023 | 62.3 2022 | 60.4 2021 | 66.5 2019 | % | yearly | 2003 - 2023 |
Labour Force Participation Rate by Country Comparison
Buy Selected Data
Includes Labour Force Participation Rate on 115 economies standardised by CEIC. Instant access to full history data in excel.
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 64.5 Sep 2023 | quarterly | Mar 2012 - Sep 2023 |
| Algeria (%) | 41.7 2018 | yearly | 2003 - 2018 |
| Argentina (%) | 60.8 2023 | yearly | 1990 - 2023 |
| Armenia (%) | 59.5 Dec 2023 | quarterly | Mar 2008 - Dec 2023 |
| Australia (%) | 66.9 Mar 2024 | monthly | Feb 1978 - Mar 2024 |
| Austria (%) | 77.1 Jun 2022 | quarterly | Mar 2021 - Jun 2022 |
| Azerbaijan (%) | 70.2 2023 | yearly | 1990 - 2023 |
| Bahrain (%) | 71.9 2023 | yearly | 1990 - 2023 |
| Bangladesh (%) | 58.2 2023 | yearly | 1990 - 2023 |
| 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 (%) | 47.8 2023 | yearly | 2006 - 2023 |
| Botswana (%) | 64.5 2023 | yearly | 1990 - 2023 |
| Brazil (%) | 62.0 Feb 2024 | monthly | Mar 2012 - Feb 2024 |
| Brunei (%) | 64.3 2023 | yearly | 1990 - 2023 |
| Bulgaria (%) | 56.1 Sep 2023 | quarterly | Jun 2000 - Sep 2023 |
| Cambodia (%) | 87.4 2020 | yearly | 2020 - 2020 |
| Canada (%) | 64.9 Mar 2024 | monthly | Jan 1976 - Mar 2024 |
| Chile (%) | 62.3 Feb 2024 | monthly | Mar 2009 - Feb 2024 |
| China (%) | 66.4 2023 | yearly | 1990 - 2023 |
| Colombia (%) | 63.8 Feb 2024 | monthly | Jan 2001 - Feb 2024 |
| Croatia (%) | 52.8 Dec 2023 | quarterly | Mar 2007 - Dec 2023 |
| Cyprus (%) | 64.9 Dec 2023 | quarterly | Jun 1999 - Dec 2023 |
| Czech Republic (%) | 60.2 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
| Denmark (%) | 74.6 Feb 2024 | monthly | Jan 2007 - Feb 2024 |
| Ecuador (%) | 64.7 Mar 2024 | quarterly | Dec 2013 - Mar 2024 |
| Egypt (%) | 42.7 2022 | yearly | 2009 - 2022 |
| Estonia (%) | 66.2 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
| European Union (%) | 75.4 2022 | yearly | 1990 - 2022 |
| Finland (%) | 67.8 Mar 2024 | monthly | May 2004 - Mar 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 (%) | 68.8 2023 | yearly | 1990 - 2023 |
| Greece (%) | 59.7 Feb 2024 | monthly | Jan 2004 - Feb 2024 |
| Hong Kong SAR, China (%) | 57.0 Mar 2024 | monthly | Dec 1981 - Mar 2024 |
| Hungary (%) | 67.9 Mar 2024 | quarterly | Mar 2009 - Mar 2024 |
| Iceland (%) | 79.8 Feb 2024 | monthly | Jan 2003 - Feb 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 (%) | 63.0 Mar 2024 | monthly | Jan 2012 - Mar 2024 |
| Italy (%) | 48.2 Dec 2020 | monthly | Jan 2004 - Dec 2020 |
| Ivory Coast (%) | 64.4 2023 | yearly | 1990 - 2023 |
| Japan (%) | 62.8 Mar 2024 | monthly | Jan 1968 - Mar 2024 |
| Jordan (%) | 39.4 2023 | yearly | 1990 - 2023 |
| Kazakhstan (%) | 68.3 Dec 2023 | quarterly | Jun 2001 - Dec 2023 |
| Kenya (%) | 73.7 2023 | yearly | 1990 - 2023 |
| South Korea (%) | 64.3 Mar 2024 | monthly | Jun 1999 - Mar 2024 |
| Kosovo (%) | 39.5 Mar 2023 | quarterly | Mar 2016 - Mar 2023 |
| Kuwait (%) | 71.5 2023 | yearly | 1990 - 2023 |
| Kyrgyzstan (%) | 60.1 2022 | yearly | 1994 - 2022 |
| Laos (%) | 59.6 2023 | yearly | 1990 - 2023 |
| Latvia (%) | 68.6 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
| Lebanon (%) | 45.5 2023 | yearly | 1990 - 2023 |
| Lithuania (%) | 63.6 Dec 2023 | quarterly | Jun 1998 - Dec 2023 |
| Luxembourg (%) | 55.0 2023 | yearly | 2000 - 2023 |
| Macau SAR, China (%) | 67.6 Mar 2024 | monthly | Sep 1996 - Mar 2024 |
| North Macedonia (%) | 52.2 Dec 2023 | quarterly | Mar 2023 - Dec 2023 |
| Malawi (%) | 69.0 2023 | yearly | 1990 - 2023 |
| Malaysia (%) | 70.2 Feb 2024 | monthly | Jan 2010 - Feb 2024 |
| Malta (%) | 81.4 Dec 2023 | quarterly | Mar 2018 - Dec 2023 |
| Mauritius (%) | 58.7 Dec 2023 | quarterly | Mar 2004 - Dec 2023 |
| Mexico (%) | 60.2 Mar 2024 | monthly | Jan 2005 - Mar 2024 |
| Moldova (%) | 44.7 Dec 2023 | quarterly | Mar 2015 - Dec 2023 |
| Mongolia (%) | 57.6 Dec 2023 | quarterly | Sep 2006 - Dec 2023 |
| Montenegro (%) | 63.7 Dec 2023 | quarterly | Mar 2008 - Dec 2023 |
| Morocco (%) | 43.3 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
| Mozambique (%) | 79.0 2023 | yearly | 1990 - 2023 |
| Myanmar (%) | 59.4 2020 | yearly | 1991 - 2020 |
| Nepal (%) | 40.5 2023 | yearly | 1990 - 2023 |
| Netherlands (%) | 73.1 Mar 2024 | monthly | Jan 2003 - Mar 2024 |
| New Zealand (%) | 72.2 Dec 2023 | quarterly | Mar 1986 - Dec 2023 |
| Nigeria (%) | 59.1 2023 | yearly | 1990 - 2023 |
| Norway (%) | 65.3 2022 | yearly | 1989 - 2022 |
| Oman (%) | 68.3 2023 | yearly | 1990 - 2023 |
| Pakistan (%) | 32.3 2021 | yearly | 1990 - 2021 |
| Palestinian Territory (%) | 44.4 Sep 2023 | quarterly | Jun 2002 - Sep 2023 |
| Panama (%) | 62.4 2023 | yearly | 2003 - 2023 |
| 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 (%) | 68.4 Feb 2024 | monthly | Aug 2009 - Feb 2024 |
| Saudi Arabia (%) | 61.7 Mar 2023 | quarterly | Jun 2016 - Mar 2023 |
| Serbia (%) | 55.6 Dec 2023 | quarterly | Mar 2014 - Dec 2023 |
| Slovakia (%) | 62.5 Dec 2023 | quarterly | Mar 2021 - Dec 2023 |
| Slovenia (%) | 58.6 Dec 2023 | quarterly | Mar 2008 - Dec 2023 |
| South Africa (%) | 60.0 Dec 2023 | quarterly | Mar 2008 - Dec 2023 |
| Spain (%) | 59.0 Dec 2023 | quarterly | Sep 1976 - Dec 2023 |
| Sri Lanka (%) | 47.1 Dec 2023 | quarterly | Mar 2004 - Dec 2023 |
| Sudan (%) | 47.6 2023 | yearly | 1990 - 2023 |
| Sweden (%) | 75.3 Mar 2024 | monthly | Apr 2005 - Mar 2024 |
| Switzerland (%) | 68.0 Dec 2023 | quarterly | Mar 2010 - Dec 2023 |
| Syria (%) | 38.7 2023 | yearly | 1990 - 2023 |
Accurate Macro & Micro Economic Data You Can Trust
Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.
Learn more about what we doPanama Key Series
Buy Selected Data
Includes 175 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 (%) | -3.0 2023 | yearly | 2003 - 2023 |
| Consolidated Fiscal Balance (USD mn) | -2,462.500 2023 | yearly | 2003 - 2023 |
| Tax Revenue (USD mn) | 402.772 Jan 2024 | monthly | Jan 1995 - Jan 2024 |
| Tax Revenue: % of GDP (%) | 9.6 Dec 2023 | quarterly | Mar 2007 - Dec 2023 |
| National Government Debt (USD mn) | 49,769.7 Mar 2024 | monthly | Jul 2004 - Mar 2024 |
| Government Debt: % of GDP (%) | 56.4 Dec 2023 | quarterly | Dec 2007 - Dec 2023 |
| Forecast: Government Expenditure (PAB bn) | 22.672 2029 | yearly | 1994 - 2029 |
| Forecast: Government Net Debt (PAB bn) | 53.964 2028 | yearly | 1994 - 2028 |
| Forecast: Government Revenue (PAB bn) | 20.911 2029 | yearly | 1994 - 2029 |
| Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) | 183,964.393 Jan 2024 | monthly | Jan 1995 - Jan 2024 |
| Central Government Revenue: Current Revenue: Tax (PAB th) | 402,771.625 Jan 2024 | monthly | Jan 1995 - Jan 2024 |
| Central Government Revenue: Current Revenue (PAB th) | 493,810.833 Jan 2024 | monthly | Jan 1995 - Jan 2024 |
| Public Debt: Domestic (USD mn) | 6,925.984 Mar 2024 | monthly | Jul 2004 - Mar 2024 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 7.314 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | -1,031.9 Jan 2024 | monthly | Jan 1964 - Jan 2024 |
| Total Exports (USD mn) | 145.2 Feb 2023 | monthly | Jan 2000 - Feb 2023 |
| Total Exports Growth (%) | -75.7 Jan 2024 | monthly | Jan 2001 - Jan 2024 |
| 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) | 1,094.8 Jan 2024 | monthly | Jan 2000 - Jan 2024 |
| Total Imports Growth (%) | -4.5 Jan 2024 | monthly | Jan 2001 - Jan 2024 |
| 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) | 17.278 Dec 2023 | monthly | Jan 1970 - Dec 2023 |
| Total Imports from USA (USD mn) | 182.677 Dec 2023 | monthly | Jan 1967 - Dec 2023 |
| Total Exports to China (USD mn) | 1,072.958 2021 | yearly | 1999 - 2021 |
| Total Imports from China (USD mn) | 146.475 Dec 2023 | monthly | Mar 1989 - Dec 2023 |
| 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 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Direct Investment Abroad (USD mn) | 150.6 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
| Current Account Balance (USD mn) | -4,356.5 Dec 2023 | quarterly | Mar 1998 - Dec 2023 |
| Current Account Balance: % of GDP (%) | -18.8 Dec 2023 | quarterly | Mar 2007 - Dec 2023 |
| Foreign Direct Investment (USD mn) | 779.1 Dec 2023 | quarterly | Mar 1998 - Dec 2023 |
| Foreign Direct Investment: % of GDP (%) | 3.4 Dec 2023 | quarterly | Mar 2007 - Dec 2023 |
| Foreign Portfolio Investment (USD mn) | 1,349.786 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
| Foreign Portfolio Investment: % of GDP (%) | 5.8 Dec 2023 | quarterly | Mar 2007 - Dec 2023 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | 0.0 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | 1,349.786 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
| External Debt (USD mn) | 42,843.7 Mar 2024 | monthly | Jul 2004 - Mar 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) | -72,069.421 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
| BoP: Net Errors and Omissions (PAB mn) | 4,238.808 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
| BoP: CA: Goods (PAB mn) | -6,856.914 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
| Balance of Payment (BoP): Current Account (CA) (PAB mn) | -4,356.507 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
| BoP: CA: Goods: Credit (PAB mn) | 3,968.015 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
| BoP: CA: Goods: Debit (PAB mn) | -10,824.928 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
| BoP: CA: Services (PAB mn) | 3,312.902 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
| BoP: CA: Services: Credit (PAB mn) | 4,899.518 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
| BoP: CA: Income (PAB mn) | -751.392 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
| BoP: CA: Income: Debit (PAB mn) | -1,767.175 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
| BoP: CA: Services: Debit (PAB mn) | -1,586.616 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
| BoP: CA: Income: Credit (PAB mn) | 1,015.783 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
| BoP: Capital Account (PAB mn) | 2.055 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
| BoP: Capital Account: Credit (PAB mn) | 2.055 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
| BoP: Capital Account: Debit (PAB mn) | 0.000 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
| BoP: Financial Account (FA) (PAB mn) | 1,689.751 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
| BoP: Financing: Reserve Assets (PAB mn) | -2,018.107 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
| BoP: FA: Direct Investment (PAB mn) | 628.537 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
| BoP: FA: Portfolio Investment: Assets (PAB mn) | 772.109 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
| BoP: FA: Portfolio Investment: Liabilities (PAB mn) | 1,349.786 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
| International Investment Position (IIP) (USD mn) | -72,069.421 Dec 2023 | quarterly | Mar 2015 - Dec 2023 |
| IIP: Assets (USD mn) | 102,675.995 Dec 2023 | quarterly | Mar 2015 - Dec 2023 |
| IIP: Liabilities (USD mn) | 174,745.416 Dec 2023 | quarterly | Mar 2015 - Dec 2023 |
| Foreign Direct Investment (FDI) (PAB mn) | 779.107 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 1.9 Feb 2024 | monthly | Dec 2008 - Feb 2024 |
| Household Debt: % of GDP (%) | 38.0 Dec 2023 | quarterly | Dec 2007 - Dec 2023 |
| Non-Performing Loans (USD mn) | 1,686.854 Feb 2024 | monthly | Dec 2008 - Feb 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) | 7,338.0 Mar 2024 | monthly | Oct 1969 - Mar 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 7.368 Dec 2023 | quarterly | Dec 2007 - Dec 2023 |
| Foreign Exchange Reserves: Months of Import (NA) | 5.0 Jan 2024 | monthly | Jan 2000 - Jan 2024 |
| Gold Reserves (USD mn) | 0.000 Mar 2024 | monthly | Sep 1969 - Mar 2024 |
| Total Deposits (USD mn) | 104,069.234 Jan 2024 | monthly | Dec 1998 - Jan 2024 |
| Total Deposits Growth (%) | 9.0 Feb 2024 | monthly | Dec 1999 - Feb 2024 |
| Domestic Credit (USD mn) | 61,225.8 Feb 2024 | monthly | Dec 2001 - Feb 2024 |
| Domestic Credit Growth (%) | 4.7 Feb 2024 | monthly | Dec 2002 - Feb 2024 |
| Household Debt (USD mn) | 32,052.6 Feb 2024 | monthly | Oct 2005 - Feb 2024 |
| Total Loans (USD mn) | 90,529.510 Jan 2024 | monthly | Dec 1998 - Jan 2024 |
| Total Loans Growth (%) | 5.98 Feb 2024 | monthly | Dec 1999 - Feb 2024 |
| Private Debt: % of Nominal GDP (%) | 68.65 Dec 2023 | quarterly | Dec 2007 - Dec 2023 |
| Money Supply: M3 (PAB mn) | 39,528.840 Dec 2023 | monthly | Dec 2002 - Dec 2023 |
| LC: National Banking System: Private Sector: Mortgage (PAB mn) | 20,690.512 Feb 2024 | monthly | Dec 2002 - Feb 2024 |
More Indicators for Panama
Request a demo of CEIC
CEIC’s economic databases cover over 200 global markets. Our Platform offers the most reliable macroeconomic data and advanced analytical tools.
Please note, product demos are not available for students. Please click here to find out more about the version of CEIC available for student users.