Panama Unemployment Rate
2003 - 2023 | Yearly | % | National Institute of Statistics and Census
Key information about Panama Unemployment Rate
- Panama Unemployment Rate dropped to 7.40% in Aug 2023, from the previously reported figure of 9.90% in Aug 2022.
- Panama Unemployment Rate is updated yearly, available from Aug 2003 to Aug 2023, with an average rate of 6.45%.
- 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 4.51 million people in Jun 2024.
View Panama's Unemployment Rate from 2003 to 2023 in the chart:
What was Panama's Unemployment Rate in 2023?
Panama Unemployment Rate dropped to 7.40% in Aug 2023, from the previously reported figure of 9.90% in Aug 2022. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 7.40 2023 | 9.90 2022 | 4.10 2013 | 13.00 2003 | % | yearly | 2003 - 2023 |
Unemployment Rate by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 10.65 Dec 2023 | quarterly | Mar 2012 - Dec 2023 |
| Algeria (%) | 11.40 Jun 2019 | quarterly | Mar 2014 - Jun 2019 |
| Argentina (%) | 6.90 Mar 2023 | quarterly | Jun 1990 - Mar 2023 |
| Armenia (%) | 13.80 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| Australia (%) | 4.07 Sep 2024 | monthly | Feb 1978 - Sep 2024 |
| Austria (%) | 5.63 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
| 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 Sep 2024 | monthly | Oct 2004 - Sep 2024 |
| Belgium (%) | 5.50 Sep 2024 | monthly | Jan 1983 - Sep 2024 |
| Bolivia (%) | 2.76 Jun 2024 | quarterly | Dec 2015 - Jun 2024 |
| Bosnia and Herzegovina (%) | 13.17 2023 | yearly | 2006 - 2023 |
| Botswana (%) | 20.68 2022 | yearly | 1991 - 2022 |
| Brazil (%) | 6.40 Sep 2024 | monthly | Mar 2012 - Sep 2024 |
| Brunei (%) | 5.20 2023 | yearly | 1981 - 2023 |
| Bulgaria (%) | 4.30 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
| Cambodia (%) | 2.40 2020 | yearly | 2020 - 2020 |
| Canada (%) | 6.50 Sep 2024 | monthly | Jan 1976 - Sep 2024 |
| Chile (%) | 8.74 Sep 2024 | monthly | Mar 2009 - Sep 2024 |
| China (%) | 5.10 Sep 2024 | quarterly | Mar 2017 - Sep 2024 |
| Colombia (%) | 12.12 Mar 2022 | monthly | Jan 2021 - Mar 2022 |
| Croatia (%) | 6.80 Dec 2022 | quarterly | Mar 1998 - Dec 2022 |
| Cyprus (%) | 5.00 Sep 2024 | monthly | Jan 2000 - Sep 2024 |
| Czech Republic (%) | 2.87 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
| Denmark (%) | 4.90 Apr 2023 | monthly | Jan 2007 - Apr 2023 |
| Ecuador (%) | 3.97 Sep 2024 | quarterly | Dec 2013 - Sep 2024 |
| Egypt (%) | 6.50 Jun 2024 | quarterly | Mar 2003 - Jun 2024 |
| Estonia (%) | 5.30 Mar 2023 | quarterly | Mar 1997 - Mar 2023 |
| European Union (%) | 5.90 Sep 2024 | monthly | Jan 2000 - Sep 2024 |
| Finland (%) | 6.90 Apr 2023 | monthly | Jan 1988 - Apr 2023 |
| France (%) | 7.20 Jun 2023 | quarterly | Mar 1975 - Jun 2023 |
| Georgia (%) | 16.40 2023 | yearly | 1991 - 2023 |
| Germany (%) | 3.50 Sep 2024 | monthly | Jan 1991 - Sep 2024 |
| Ghana (%) | 3.56 2023 | yearly | 1991 - 2023 |
| Greece (%) | 11.20 Apr 2023 | monthly | Apr 1998 - Apr 2023 |
| Hong Kong SAR, China (%) | 3.00 Sep 2024 | monthly | Oct 1981 - Sep 2024 |
| Hungary (%) | 4.55 Sep 2024 | monthly | Jan 2000 - Sep 2024 |
| Iceland (%) | 3.44 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| India (%) | 7.11 2020 | yearly | 1991 - 2020 |
| Indonesia (%) | 4.91 2024 | yearly | 1984 - 2024 |
| Iran (%) | 9.40 Mar 2022 | quarterly | Jun 2001 - Mar 2022 |
| Ireland (%) | 4.10 Jul 2023 | monthly | Jan 1998 - Jul 2023 |
| Israel (%) | 2.50 Oct 2024 | monthly | Jan 2012 - Oct 2024 |
| Italy (%) | 6.09 Sep 2024 | monthly | Jan 1983 - Sep 2024 |
| Ivory Coast (%) | 3.50 2020 | yearly | 1991 - 2020 |
| Japan (%) | 2.40 Sep 2024 | monthly | Jan 1953 - Sep 2024 |
| Jordan (%) | 21.40 May 2024 | quarterly | Feb 2000 - May 2024 |
| Kazakhstan (%) | 4.70 Aug 2024 | monthly | Jan 2001 - Aug 2024 |
| Kenya (%) | 2.98 2020 | yearly | 1991 - 2020 |
| South Korea (%) | 2.50 Sep 2024 | monthly | Jun 1999 - Sep 2024 |
| Kosovo (%) | 10.70 Dec 2023 | quarterly | Mar 2016 - Dec 2023 |
| Kuwait (%) | 0.93 2021 | yearly | 1999 - 2021 |
| Kyrgyzstan (%) | 4.10 2023 | yearly | 1992 - 2023 |
| Laos (%) | 0.95 2020 | yearly | 1991 - 2020 |
| Latvia (%) | 6.90 Sep 2024 | monthly | Jan 1998 - Sep 2024 |
| Lebanon (%) | 29.56 2021 | yearly | 2004 - 2021 |
| Lithuania (%) | 7.90 Sep 2024 | monthly | Jan 1998 - Sep 2024 |
| Luxembourg (%) | 5.78 Sep 2024 | monthly | Jan 1995 - Sep 2024 |
| Macau SAR, China (%) | 1.70 Sep 2024 | monthly | Sep 1996 - Sep 2024 |
| North Macedonia (%) | 12.50 Jun 2024 | quarterly | Mar 2023 - Jun 2024 |
| Malawi (%) | 6.60 2013 | yearly | 2005 - 2013 |
| Malaysia (%) | 3.20 Aug 2024 | monthly | Jan 2010 - Aug 2024 |
| Malta (%) | 2.96 Mar 2024 | quarterly | Mar 2018 - Mar 2024 |
| Mauritius (%) | 7.10 Mar 2020 | quarterly | Mar 2004 - Mar 2020 |
| Mexico (%) | 2.74 Sep 2024 | monthly | Jan 2005 - Sep 2024 |
| Moldova (%) | 5.55 Mar 2023 | quarterly | Mar 1999 - Mar 2023 |
| Mongolia (%) | 5.80 Jun 2024 | quarterly | Sep 2006 - Jun 2024 |
| Montenegro (%) | 11.40 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| Morocco (%) | 13.60 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Mozambique (%) | 3.67 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 (%) | 4.80 Sep 2024 | quarterly | Mar 1986 - Sep 2024 |
| Nigeria (%) | 4.10 Mar 2023 | quarterly | Dec 2022 - Mar 2023 |
| Norway (%) | 4.00 Aug 2024 | monthly | Jan 1989 - Aug 2024 |
| Oman (%) | 4.70 Sep 2024 | monthly | Mar 2018 - Sep 2024 |
| Pakistan (%) | 6.30 2021 | yearly | 1980 - 2021 |
| Palestinian Territory (%) | 31.10 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
| Panama (%) | 7.40 2023 | yearly | 2003 - 2023 |
| Paraguay (%) | 6.43 Jun 2024 | quarterly | Mar 2017 - Jun 2024 |
| Peru (%) | 5.93 Sep 2024 | monthly | Mar 2001 - Sep 2024 |
| Philippines (%) | 4.50 Apr 2023 | quarterly | Jul 1982 - Apr 2023 |
| Poland (%) | 5.00 Sep 2024 | monthly | Jan 1990 - Sep 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 (%) | 2.40 Jul 2024 | monthly | Jan 1994 - Jul 2024 |
| Saudi Arabia (%) | 3.32 Jun 2024 | quarterly | Mar 2012 - Jun 2024 |
| Serbia (%) | 9.40 Mar 2024 | quarterly | Mar 2014 - Mar 2024 |
| Singapore (%) | 1.90 May 2023 | monthly | Mar 2020 - May 2023 |
| Slovakia (%) | 4.99 Sep 2024 | monthly | Jan 2006 - Sep 2024 |
| Slovenia (%) | 3.40 Jun 2024 | quarterly | Jun 1997 - Jun 2024 |
| South Africa (%) | 33.50 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| Spain (%) | 11.21 Sep 2024 | quarterly | Mar 2021 - Sep 2024 |
| Sri Lanka (%) | 4.70 Jun 2024 | quarterly | Mar 2004 - Jun 2024 |
| Sudan (%) | 20.30 2010 | yearly | 1993 - 2010 |
| Sweden (%) | 7.22 Apr 2023 | monthly | Jan 1983 - Apr 2023 |
| Switzerland (%) | 4.26 Mar 2024 | monthly | Jan 1991 - Mar 2024 |
Accurate Macro & Micro Economic Data You Can Trust
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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: Tax: Direct: Total (PAB th) | 126,490.852 Aug 2024 | monthly | Jan 1995 - Aug 2024 |
| Central Government Revenue: Current Revenue (PAB th) | 416,985.014 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: Prawn (PAB th) | 9,354.541 Aug 2024 | monthly | Jan 2000 - Aug 2024 |
| Exports: FOB: Banana (PAB th) | 11,157.195 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 (PAB th) | 75,636.141 Aug 2024 | monthly | Jan 2000 - 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 (PAB mn) | -2,641.439 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: Services (PAB mn) | 3,793.233 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: CA: Income (PAB mn) | -699.429 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: 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: Capital Account: Credit (PAB mn) | 2.490 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: FA: Direct Investment (PAB mn) | 637.235 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| BoP: FA: Portfolio Investment: Assets (PAB mn) | -1,071.876 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| BoP: Financial Account (FA) (PAB mn) | -1,712.281 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
| BoP: FA: Portfolio Investment: Liabilities (PAB mn) | 46.336 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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