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
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 63.9 Dec 2023 | quarterly | Mar 2012 - Dec 2023 |
| Algeria (%) | 41.7 2018 | yearly | 2003 - 2018 |
| Argentina (%) | 60.8 2023 | yearly | 1990 - 2023 |
| Armenia (%) | 60.4 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| Australia (%) | 66.9 Sep 2024 | monthly | Feb 1978 - Sep 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 (%) | 70.3 Jun 2024 | quarterly | Mar 1999 - Jun 2024 |
| 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 (%) | 62.4 Sep 2024 | monthly | Mar 2012 - Sep 2024 |
| Brunei (%) | 64.3 2023 | yearly | 1990 - 2023 |
| Bulgaria (%) | 55.5 Jun 2024 | quarterly | Jun 2000 - Jun 2024 |
| Cambodia (%) | 87.4 2020 | yearly | 2020 - 2020 |
| Canada (%) | 66.2 Aug 2024 | monthly | Jan 1976 - Aug 2024 |
| Chile (%) | 61.7 Sep 2024 | monthly | Mar 2009 - Sep 2024 |
| China (%) | 66.4 2023 | yearly | 1990 - 2023 |
| Colombia (%) | 63.5 Sep 2024 | monthly | Jan 2001 - Sep 2024 |
| Croatia (%) | 54.1 Jun 2024 | quarterly | Mar 2007 - Jun 2024 |
| Cyprus (%) | 65.1 Jun 2024 | quarterly | Jun 1999 - Jun 2024 |
| Czech Republic (%) | 60.2 Jun 2024 | quarterly | Mar 1993 - Jun 2024 |
| Denmark (%) | 74.3 Sep 2024 | monthly | Jan 2007 - Sep 2024 |
| Ecuador (%) | 65.5 Sep 2024 | quarterly | Dec 2013 - Sep 2024 |
| Egypt (%) | 43.4 2023 | yearly | 2009 - 2023 |
| Estonia (%) | 67.8 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
| European Union (%) | 75.6 2022 | yearly | 1990 - 2022 |
| Finland (%) | 67.4 Sep 2024 | monthly | May 2004 - Sep 2024 |
| France (%) | 74.5 Jun 2024 | quarterly | Mar 2003 - Jun 2024 |
| Georgia (%) | 53.3 2023 | yearly | 1998 - 2023 |
| Germany (%) | 56.0 Jun 2024 | quarterly | Mar 2007 - Jun 2024 |
| Ghana (%) | 68.8 2023 | yearly | 1990 - 2023 |
| Greece (%) | 61.9 Sep 2024 | monthly | Jan 2004 - Sep 2024 |
| Hong Kong SAR, China (%) | 57.2 Aug 2024 | monthly | Dec 1981 - Aug 2024 |
| Hungary (%) | 68.3 Sep 2024 | quarterly | Mar 2009 - Sep 2024 |
| Iceland (%) | 81.2 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| India (%) | 42.4 2023 | yearly | 1990 - 2023 |
| Indonesia (%) | 70.6 Aug 2024 | semiannually | Feb 2005 - Aug 2024 |
| Iran (%) | 41.0 Dec 2022 | quarterly | Jun 2018 - Dec 2022 |
| Ireland (%) | 66.0 Jun 2024 | quarterly | Mar 1998 - Jun 2024 |
| Israel (%) | 62.0 Oct 2024 | monthly | Jan 2012 - Oct 2024 |
| Italy (%) | 65.9 Sep 2024 | monthly | Jan 2004 - Sep 2024 |
| Ivory Coast (%) | 64.4 2023 | yearly | 1990 - 2023 |
| Japan (%) | 63.5 Sep 2024 | monthly | Jan 1968 - Sep 2024 |
| Jordan (%) | 39.4 2023 | yearly | 1990 - 2023 |
| Kazakhstan (%) | 68.1 Jun 2024 | quarterly | Jun 2001 - Jun 2024 |
| Kenya (%) | 73.7 2023 | yearly | 1990 - 2023 |
| South Korea (%) | 64.6 Sep 2024 | monthly | Jun 1999 - Sep 2024 |
| Kosovo (%) | 42.3 Dec 2023 | quarterly | Mar 2016 - Dec 2023 |
| Kuwait (%) | 71.5 2023 | yearly | 1990 - 2023 |
| Kyrgyzstan (%) | 58.7 2023 | yearly | 1994 - 2023 |
| Laos (%) | 59.6 2023 | yearly | 1990 - 2023 |
| Latvia (%) | 69.1 Jun 2024 | quarterly | Mar 2002 - Jun 2024 |
| Lebanon (%) | 45.5 2023 | yearly | 1990 - 2023 |
| Lithuania (%) | 64.0 Sep 2024 | quarterly | Jun 1998 - Sep 2024 |
| Luxembourg (%) | 55.0 2023 | yearly | 2000 - 2023 |
| Macau SAR, China (%) | 68.1 Sep 2024 | monthly | Sep 1996 - Sep 2024 |
| North Macedonia (%) | 52.1 Jun 2024 | quarterly | Mar 2023 - Jun 2024 |
| Malawi (%) | 69.0 2023 | yearly | 1990 - 2023 |
| Malaysia (%) | 70.4 Aug 2024 | monthly | Jan 2010 - Aug 2024 |
| Malta (%) | 81.3 Mar 2024 | quarterly | Mar 2018 - Mar 2024 |
| Mauritius (%) | 58.3 Jun 2024 | quarterly | Mar 2004 - Jun 2024 |
| Mexico (%) | 60.0 Sep 2024 | monthly | Jan 2005 - Sep 2024 |
| Moldova (%) | 45.0 Jun 2024 | quarterly | Mar 2015 - Jun 2024 |
| Mongolia (%) | 62.2 Jun 2024 | quarterly | Sep 2006 - Jun 2024 |
| Montenegro (%) | 63.8 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| Morocco (%) | 43.6 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Mozambique (%) | 79.0 2023 | yearly | 1990 - 2023 |
| Myanmar (%) | 59.4 2020 | yearly | 1991 - 2020 |
| Nepal (%) | 40.5 2023 | yearly | 1990 - 2023 |
| Netherlands (%) | 72.9 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| New Zealand (%) | 71.0 Sep 2024 | quarterly | Mar 1986 - Sep 2024 |
| Nigeria (%) | 59.1 2023 | yearly | 1990 - 2023 |
| Norway (%) | 65.3 2023 | yearly | 1989 - 2023 |
| Oman (%) | 68.3 2023 | yearly | 1990 - 2023 |
| Pakistan (%) | 32.3 2021 | yearly | 1990 - 2021 |
| Palestinian Territory (%) | 45.6 Jun 2024 | quarterly | Jun 2002 - Jun 2024 |
| Panama (%) | 62.4 2023 | yearly | 2003 - 2023 |
| Paraguay (%) | 69.5 Jun 2024 | quarterly | Mar 2017 - Jun 2024 |
| Peru (%) | 72.4 2022 | yearly | 2001 - 2022 |
| Philippines (%) | 63.5 Jul 2024 | quarterly | Jul 2003 - Jul 2024 |
| Poland (%) | 58.3 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
| Portugal (%) | 60.0 Jun 2024 | quarterly | Mar 2011 - Jun 2024 |
| Qatar (%) | 87.7 2023 | yearly | 2006 - 2023 |
| Romania (%) | 52.7 Mar 2024 | quarterly | Mar 1996 - Mar 2024 |
| Russia (%) | 68.4 Feb 2024 | monthly | Aug 2009 - Feb 2024 |
| Saudi Arabia (%) | 61.7 Mar 2023 | quarterly | Jun 2016 - Mar 2023 |
| Serbia (%) | 56.2 Mar 2024 | quarterly | Mar 2014 - Mar 2024 |
| Slovakia (%) | 61.6 Jun 2024 | quarterly | Mar 2021 - Jun 2024 |
| Slovenia (%) | 58.6 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| South Africa (%) | 60.6 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| Spain (%) | 59.0 Sep 2024 | quarterly | Mar 2021 - Sep 2024 |
| Sri Lanka (%) | 47.8 Jun 2024 | quarterly | Mar 2004 - Jun 2024 |
| Sudan (%) | 47.6 2023 | yearly | 1990 - 2023 |
| Sweden (%) | 74.8 Sep 2024 | monthly | Apr 2005 - Sep 2024 |
| Switzerland (%) | 67.3 Mar 2024 | quarterly | Mar 2010 - Mar 2024 |
| Syria (%) | 38.7 2023 | yearly | 1990 - 2023 |
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Learn more about what we doPanama Key Series
| 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) | 324.482 Aug 2024 | monthly | Jan 1995 - Aug 2024 |
| Tax Revenue: % of GDP (%) | 6.7 Jun 2024 | quarterly | Mar 2007 - Jun 2024 |
| National Government Debt (USD mn) | 52,374.4 Sep 2024 | monthly | Jul 2004 - Sep 2024 |
| Government Debt: % of GDP (%) | 61.2 Jun 2024 | quarterly | Dec 2007 - Jun 2024 |
| Forecast: Government Expenditure (PAB bn) | 23.007 2029 | yearly | 1994 - 2029 |
| Forecast: Government Net Debt (PAB bn) | 59.883 2029 | yearly | 1994 - 2029 |
| Forecast: Government Revenue (PAB bn) | 21.105 2029 | yearly | 1994 - 2029 |
| Central Government Revenue: Current Revenue: Tax (PAB th) | 324,482.432 Aug 2024 | monthly | Jan 1995 - Aug 2024 |
| Central Government Revenue: Current Revenue (PAB th) | 416,985.014 Aug 2024 | monthly | Jan 1995 - Aug 2024 |
| Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) | 126,490.852 Aug 2024 | monthly | Jan 1995 - Aug 2024 |
| Public Debt: Domestic (USD mn) | 9,513.549 Sep 2024 | monthly | Jul 2004 - Sep 2024 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 7.314 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | -1,137.9 Aug 2024 | monthly | Jan 1964 - Aug 2024 |
| Total Exports (USD mn) | 145.2 Feb 2023 | monthly | Jan 2000 - Feb 2023 |
| Total Exports Growth (%) | -78.5 Aug 2024 | monthly | Jan 2001 - Aug 2024 |
| Aluminum: Exports (USD th) | 6,067.531 2023 | yearly | 1995 - 2023 |
| 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) | 1,213.5 Aug 2024 | monthly | Jan 2000 - Aug 2024 |
| Total Imports Growth (%) | -13.3 Aug 2024 | monthly | Jan 2001 - Aug 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) | 43.777 Jul 2024 | monthly | Jan 1970 - Jul 2024 |
| Total Imports from USA (USD mn) | 3.675 Jul 2024 | monthly | Jan 1967 - Jul 2024 |
| Total Exports to China (USD mn) | 1,072.958 2021 | yearly | 1999 - 2021 |
| Total Imports from China (USD mn) | 8.220 Jul 2024 | monthly | Mar 1989 - Jul 2024 |
| Exports: FOB: Banana (PAB th) | 11,157.195 Aug 2024 | monthly | Jan 2000 - Aug 2024 |
| Exports: FOB (PAB th) | 75,636.141 Aug 2024 | monthly | Jan 2000 - Aug 2024 |
| Exports: FOB: Prawn (PAB th) | 9,354.541 Aug 2024 | monthly | Jan 2000 - Aug 2024 |
| Exports: FOB: Seafood Products (PAB th) | 10,858.852 Aug 2024 | monthly | Jan 2002 - Aug 2024 |
| Exports: FOB: America: NAFTA: Mexico (PAB th) | 30,335.000 2021 | yearly | 1999 - 2021 |
| Exports: FOB: Raw Wood (PAB th) | 7,428.13 Apr 2018 | monthly | Jan 2017 - Apr 2018 |
| Exports: FOB: Waste & Scrap of Steel, Copper & Aluminum (PAB th) | 6,147.94 Apr 2018 | monthly | Jan 2017 - Apr 2018 |
| Imports: CIF: Asia: Rest of Asia: Taiwan (PAB th) | 48,718.000 2021 | yearly | 1999 - 2021 |
| Export Value Index (2015=100) | 115.979 2021 | yearly | 1981 - 2021 |
| Import Value Index (2015=100) | 91.522 2021 | yearly | 1981 - 2021 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Direct Investment Abroad (USD mn) | 94.7 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| Current Account Balance (USD mn) | 434.7 Jun 2024 | quarterly | Mar 1998 - Jun 2024 |
| Current Account Balance: % of GDP (%) | 2.2 Jun 2024 | quarterly | Mar 2007 - Jun 2024 |
| Foreign Direct Investment (USD mn) | 731.9 Jun 2024 | quarterly | Mar 1998 - Jun 2024 |
| Foreign Direct Investment: % of GDP (%) | 3.8 Jun 2024 | quarterly | Mar 2007 - Jun 2024 |
| Foreign Portfolio Investment (USD mn) | 46.336 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| Foreign Portfolio Investment: % of GDP (%) | 0.2 Jun 2024 | quarterly | Mar 2007 - Jun 2024 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | 0.0 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | 46.336 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| External Debt (USD mn) | 42,860.8 Sep 2024 | monthly | Jul 2004 - Sep 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) | -2.904 2029 | yearly | 1980 - 2029 |
| Net International Investment Position (USD mn) | -74,373.797 Jun 2024 | quarterly | Mar 2002 - Jun 2024 |
| BoP: Net Errors and Omissions (PAB mn) | -1,074.780 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| Balance of Payment (BoP): Current Account (CA) (PAB mn) | 434.679 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| BoP: CA: Goods: Debit (PAB mn) | -6,501.463 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| BoP: CA: Services: Credit (PAB mn) | 4,997.525 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| BoP: Capital Account: Debit (PAB mn) | 0.000 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| BoP: Financing: Reserve Assets (PAB mn) | 2,511.505 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| BoP: CA: Income (PAB mn) | -699.429 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| BoP: Financial Account (FA) (PAB mn) | -1,712.281 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| BoP: Capital Account: Credit (PAB mn) | 2.490 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| BoP: FA: Direct Investment (PAB mn) | 637.235 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| BoP: FA: Portfolio Investment: Liabilities (PAB mn) | 46.336 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| BoP: CA: Goods: Credit (PAB mn) | 3,860.024 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| BoP: CA: Income: Debit (PAB mn) | -1,740.348 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| BoP: Capital Account (PAB mn) | 2.490 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| BoP: CA: Services: Debit (PAB mn) | -1,204.292 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| BoP: CA: Income: Credit (PAB mn) | 1,040.920 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| BoP: CA: Goods (PAB mn) | -2,641.439 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| BoP: CA: Services (PAB mn) | 3,793.233 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| BoP: FA: Portfolio Investment: Assets (PAB mn) | -1,071.876 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| International Investment Position (IIP) (USD mn) | -74,373.797 Jun 2024 | quarterly | Mar 2015 - Jun 2024 |
| IIP: Assets (USD mn) | 104,112.057 Jun 2024 | quarterly | Mar 2015 - Jun 2024 |
| IIP: Liabilities (USD mn) | 178,485.854 Jun 2024 | quarterly | Mar 2015 - Jun 2024 |
| Foreign Direct Investment (FDI) (PAB mn) | 731.906 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 1.6 Sep 2024 | monthly | Dec 2008 - Sep 2024 |
| Household Debt: % of GDP (%) | 38.2 Jun 2024 | quarterly | Dec 2007 - Jun 2024 |
| Non-Performing Loans (USD mn) | 1,550.659 Sep 2024 | monthly | Dec 2008 - Sep 2024 |
| Money Supply M1 (USD mn) | 8,749.080 Jul 2024 | monthly | Dec 2002 - Jul 2024 |
| Money Supply M2 (USD mn) | 41,290.250 Jul 2024 | monthly | Dec 2002 - Jul 2024 |
| M2 Growth (%) | 8.7 Jul 2024 | monthly | Dec 2003 - Jul 2024 |
| Foreign Exchange Reserves (USD mn) | 4,502.2 Jul 2024 | monthly | Oct 1969 - Jul 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 5.729 Jun 2024 | quarterly | Dec 2007 - Jun 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 3.5 Aug 2024 | monthly | Jan 2000 - Aug 2024 |
| Gold Reserves (USD mn) | 0.000 Mar 2024 | monthly | Sep 1969 - Mar 2024 |
| Total Deposits (USD mn) | 107,351.873 Sep 2024 | monthly | Dec 1998 - Sep 2024 |
| Total Deposits Growth (%) | 6.8 Sep 2024 | monthly | Dec 1999 - Sep 2024 |
| Domestic Credit (USD mn) | 63,079.0 Aug 2024 | monthly | Dec 2001 - Aug 2024 |
| Domestic Credit Growth (%) | 5.0 Aug 2024 | monthly | Dec 2002 - Aug 2024 |
| Household Debt (USD mn) | 32,516.0 Aug 2024 | monthly | Oct 2005 - Aug 2024 |
| Total Loans (USD mn) | 96,404.929 Sep 2024 | monthly | Dec 1998 - Sep 2024 |
| Total Loans Growth (%) | 8.77 Sep 2024 | monthly | Dec 1999 - Sep 2024 |
| Private Debt: % of Nominal GDP (%) | 69.20 Jun 2024 | quarterly | Dec 2007 - Jun 2024 |
| Money Supply: M3 (PAB mn) | 41,290.250 Jul 2024 | monthly | Dec 2002 - Jul 2024 |
| LC: National Banking System: Private Sector: Mortgage (PAB mn) | 20,911.483 Aug 2024 | monthly | Dec 2002 - Aug 2024 |
More Indicators for Panama
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