Panama Unemployment Rate
2003 - 2024 | Yearly | % | National Institute of Statistics and Census
Key information about Panama Unemployment Rate
- Panama Unemployment Rate increased to 9.50% in Aug 2024, from the previously reported figure of 7.40% in Aug 2023.
- Panama Unemployment Rate is updated yearly, available from Aug 2003 to Aug 2024, with an average rate of 6.50%.
- 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 2024 in the chart:
What was Panama's Unemployment Rate in 2024?
Panama Unemployment Rate increased to 9.50% in Aug 2024, from the previously reported figure of 7.40% in Aug 2023. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 9.50 2024 | 7.40 2023 | 4.10 2013 | 13.00 2003 | % | yearly | 2003 - 2024 |
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 (%) | 13.30 Sep 2024 | quarterly | Mar 2008 - Sep 2024 |
| Australia (%) | 3.98 Dec 2024 | monthly | Feb 1978 - Dec 2024 |
| Austria (%) | 5.30 Dec 2024 | monthly | Jan 1993 - Dec 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 Dec 2024 | monthly | Oct 2004 - Dec 2024 |
| Belgium (%) | 5.80 Dec 2024 | monthly | Jan 1983 - Dec 2024 |
| Bolivia (%) | 2.70 Sep 2024 | quarterly | Dec 2015 - Sep 2024 |
| Bosnia and Herzegovina (%) | 13.17 2023 | yearly | 2006 - 2023 |
| Botswana (%) | 20.68 2022 | yearly | 1991 - 2022 |
| Brazil (%) | 6.20 Dec 2024 | monthly | Mar 2012 - Dec 2024 |
| Brunei (%) | 5.20 2023 | yearly | 1981 - 2023 |
| Bulgaria (%) | 3.60 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
| Cambodia (%) | 2.40 2020 | yearly | 2020 - 2020 |
| Canada (%) | 6.60 Jan 2025 | monthly | Jan 1976 - Jan 2025 |
| Chile (%) | 8.22 Nov 2024 | monthly | Mar 2009 - Nov 2024 |
| China (%) | 5.10 Dec 2024 | quarterly | Mar 2017 - Dec 2024 |
| Colombia (%) | 12.12 Mar 2022 | monthly | Jan 2021 - Mar 2022 |
| Croatia (%) | 6.80 Dec 2022 | quarterly | Mar 1998 - Dec 2022 |
| Cyprus (%) | 4.50 Dec 2024 | monthly | Jan 2000 - Dec 2024 |
| Czech Republic (%) | 2.70 Dec 2024 | monthly | Jan 1993 - Dec 2024 |
| Denmark (%) | 4.90 Apr 2023 | monthly | Jan 2007 - Apr 2023 |
| Ecuador (%) | 3.38 Dec 2024 | quarterly | Dec 2013 - Dec 2024 |
| Egypt (%) | 6.70 Sep 2024 | quarterly | Mar 2003 - Sep 2024 |
| Estonia (%) | 5.30 Mar 2023 | quarterly | Mar 1997 - Mar 2023 |
| European Union (%) | 5.90 Dec 2024 | monthly | Jan 2000 - Dec 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 (%) | 3.40 Dec 2024 | monthly | Jan 1991 - Dec 2024 |
| Ghana (%) | 3.56 2023 | yearly | 1991 - 2023 |
| Greece (%) | 11.20 Apr 2023 | monthly | Apr 1998 - Apr 2023 |
| Hong Kong SAR, China (%) | 3.10 Nov 2024 | monthly | Oct 1981 - Nov 2024 |
| Hungary (%) | 4.41 Dec 2024 | monthly | Jan 2000 - Dec 2024 |
| Iceland (%) | 3.35 Dec 2024 | monthly | Jan 2003 - Dec 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 (%) | 2.64 Dec 2024 | monthly | Jan 2012 - Dec 2024 |
| Italy (%) | 6.22 Dec 2024 | monthly | Jan 1983 - Dec 2024 |
| Ivory Coast (%) | 3.50 2020 | yearly | 1991 - 2020 |
| Japan (%) | 2.40 Dec 2024 | monthly | Jan 1953 - Dec 2024 |
| Jordan (%) | 21.40 May 2024 | quarterly | Feb 2000 - May 2024 |
| Kazakhstan (%) | 4.60 Jan 2025 | monthly | Jan 2001 - Jan 2025 |
| Kenya (%) | 2.98 2020 | yearly | 1991 - 2020 |
| South Korea (%) | 3.70 Dec 2024 | monthly | Jun 1999 - Dec 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 (%) | 6.80 Dec 2024 | monthly | Jan 1998 - Dec 2024 |
| Lebanon (%) | 29.56 2021 | yearly | 2004 - 2021 |
| Lithuania (%) | 6.50 Dec 2024 | monthly | Jan 1998 - Dec 2024 |
| Luxembourg (%) | 5.86 Dec 2024 | monthly | Jan 1995 - Dec 2024 |
| Macau SAR, China (%) | 1.70 Dec 2024 | monthly | Sep 1996 - Dec 2024 |
| North Macedonia (%) | 12.50 Jun 2024 | quarterly | Mar 2023 - Jun 2024 |
| Malawi (%) | 6.60 2013 | yearly | 2005 - 2013 |
| Malaysia (%) | 3.20 Nov 2024 | monthly | Jan 2010 - Nov 2024 |
| Malta (%) | 3.07 Sep 2024 | quarterly | Mar 2018 - Sep 2024 |
| Mauritius (%) | 7.10 Mar 2020 | quarterly | Mar 2004 - Mar 2020 |
| Mexico (%) | 2.59 Dec 2024 | monthly | Jan 2005 - Dec 2024 |
| Moldova (%) | 5.55 Mar 2023 | quarterly | Mar 1999 - Mar 2023 |
| Mongolia (%) | 6.10 Sep 2024 | quarterly | Sep 2006 - Sep 2024 |
| Montenegro (%) | 11.00 Sep 2024 | quarterly | Mar 2008 - Sep 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 (%) | 5.10 Dec 2024 | quarterly | Mar 1986 - Dec 2024 |
| Nigeria (%) | 4.10 Mar 2023 | quarterly | Dec 2022 - Mar 2023 |
| Norway (%) | 4.00 Nov 2024 | monthly | Jan 1989 - Nov 2024 |
| Oman (%) | 3.30 Dec 2024 | monthly | Mar 2018 - Dec 2024 |
| Pakistan (%) | 6.30 2021 | yearly | 1980 - 2021 |
| Palestinian Territory (%) | 31.10 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
| Panama (%) | 9.50 2024 | yearly | 2003 - 2024 |
| Paraguay (%) | 5.34 Sep 2024 | quarterly | Mar 2017 - Sep 2024 |
| Peru (%) | 5.53 Dec 2024 | monthly | Mar 2001 - Dec 2024 |
| Philippines (%) | 4.50 Apr 2023 | quarterly | Jul 1982 - Apr 2023 |
| Poland (%) | 5.10 Dec 2024 | monthly | Jan 1990 - Dec 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 (%) | 3.73 Sep 2024 | quarterly | Mar 2012 - Sep 2024 |
| Serbia (%) | 8.10 Sep 2024 | quarterly | Mar 2014 - Sep 2024 |
| Singapore (%) | 1.90 May 2023 | monthly | Mar 2020 - May 2023 |
| Slovakia (%) | 4.96 Dec 2024 | monthly | Jan 2006 - Dec 2024 |
| Slovenia (%) | 4.40 Sep 2024 | quarterly | Jun 1997 - Sep 2024 |
| South Africa (%) | 32.10 Sep 2024 | quarterly | Mar 2008 - Sep 2024 |
| Spain (%) | 10.61 Dec 2024 | quarterly | Mar 2021 - Dec 2024 |
| Sri Lanka (%) | 4.10 Sep 2024 | quarterly | Mar 2004 - Sep 2024 |
| Sudan (%) | 20.30 2010 | yearly | 1993 - 2010 |
| Sweden (%) | 7.22 Apr 2023 | monthly | Jan 1983 - Apr 2023 |
| Switzerland (%) | 4.91 Sep 2024 | monthly | Jan 1991 - Sep 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) | 383.621 Nov 2024 | monthly | Jan 1995 - Nov 2024 |
| Tax Revenue: % of GDP (%) | 5.5 Sep 2024 | quarterly | Mar 2007 - Sep 2024 |
| National Government Debt (USD mn) | 53,736.7 Dec 2024 | monthly | Jul 2004 - Dec 2024 |
| Government Debt: % of GDP (%) | 61.6 Sep 2024 | quarterly | Dec 2007 - Sep 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) | 383,621.030 Nov 2024 | monthly | Jan 1995 - Nov 2024 |
| Central Government Revenue: Current Revenue (PAB th) | 473,743.679 Nov 2024 | monthly | Jan 1995 - Nov 2024 |
| Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) | 185,808.129 Nov 2024 | monthly | Jan 1995 - Nov 2024 |
| Public Debt: Domestic (USD mn) | 9,460.795 Dec 2024 | monthly | Jul 2004 - Dec 2024 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 7.314 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | -994.3 Nov 2024 | monthly | Jan 1964 - Nov 2024 |
| Total Exports (USD mn) | 145.2 Feb 2023 | monthly | Jan 2000 - Feb 2023 |
| Total Exports Growth (%) | 38.3 Nov 2024 | monthly | Jan 2001 - Nov 2024 |
| Aluminum: Exports (USD th) | 6,067.531 2023 | yearly | 1995 - 2023 |
| Exports: Medicament (USD th) | 329,464.345 2023 | yearly | 1995 - 2023 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 10,079.101 2023 | yearly | 1995 - 2023 |
| Total Imports (USD mn) | 1,063.8 Nov 2024 | monthly | Jan 2000 - Nov 2024 |
| Total Imports Growth (%) | 3.6 Nov 2024 | monthly | Jan 2001 - Nov 2024 |
| Imports: Medicament (USD th) | 1,071,085.390 2023 | yearly | 1995 - 2023 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 333,744.579 2023 | yearly | 1995 - 2023 |
| Total Exports to USA (USD mn) | 13.703 Oct 2024 | monthly | Jan 1970 - Oct 2024 |
| Total Imports from USA (USD mn) | 213.108 Oct 2024 | monthly | Jan 1967 - Oct 2024 |
| Total Exports to China (USD mn) | 1,072.958 2021 | yearly | 1999 - 2021 |
| Total Imports from China (USD mn) | 239.808 Oct 2024 | monthly | Mar 1989 - Oct 2024 |
| Exports: FOB: Prawn (PAB th) | 8,396.849 Nov 2024 | monthly | Jan 2000 - Nov 2024 |
| Exports: FOB: Banana (PAB th) | 16,543.621 Nov 2024 | monthly | Jan 2000 - Nov 2024 |
| Exports: FOB: Seafood Products (PAB th) | 7,133.573 Nov 2024 | monthly | Jan 2002 - Nov 2024 |
| Exports: FOB (PAB th) | 69,486.736 Nov 2024 | monthly | Jan 2000 - Nov 2024 |
| Exports: FOB: Asia: Rest of Asia: China (PAB th) | 1,072,958.000 2021 | yearly | 1999 - 2021 |
| 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) | 52.0 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| Current Account Balance (USD mn) | 824.1 Sep 2024 | quarterly | Mar 1998 - Sep 2024 |
| Current Account Balance: % of GDP (%) | 3.9 Sep 2024 | quarterly | Mar 2007 - Sep 2024 |
| Foreign Direct Investment (USD mn) | 726.8 Sep 2024 | quarterly | Mar 1998 - Sep 2024 |
| Foreign Direct Investment: % of GDP (%) | 3.5 Sep 2024 | quarterly | Mar 2007 - Sep 2024 |
| Foreign Portfolio Investment (USD mn) | -361.598 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| Foreign Portfolio Investment: % of GDP (%) | -1.7 Sep 2024 | quarterly | Mar 2007 - Sep 2024 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | 0.0 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | -361.598 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| External Debt (USD mn) | 44,275.9 Dec 2024 | monthly | Jul 2004 - Dec 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) | -78,418.321 Sep 2024 | quarterly | Mar 2002 - Sep 2024 |
| BoP: Net Errors and Omissions (PAB mn) | -2,237.755 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| Balance of Payment (BoP): Current Account (CA) (PAB mn) | 824.140 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| BoP: CA: Goods: Debit (PAB mn) | -5,833.509 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| BoP: CA: Goods (PAB mn) | -1,502.437 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| BoP: CA: Services (PAB mn) | 3,683.629 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| BoP: CA: Income (PAB mn) | -1,297.490 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| BoP: CA: Services: Debit (PAB mn) | -1,348.937 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| BoP: Capital Account: Credit (PAB mn) | 2.333 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| BoP: CA: Income: Debit (PAB mn) | -2,297.497 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| BoP: Capital Account: Debit (PAB mn) | 0.000 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| BoP: Financing: Reserve Assets (PAB mn) | -5.330 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| BoP: CA: Services: Credit (PAB mn) | 5,032.566 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| BoP: CA: Income: Credit (PAB mn) | 1,000.008 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| BoP: CA: Goods: Credit (PAB mn) | 4,331.072 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| BoP: FA: Portfolio Investment: Assets (PAB mn) | 924.830 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| BoP: Capital Account (PAB mn) | 2.333 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| BoP: FA: Direct Investment (PAB mn) | 674.772 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| BoP: Financial Account (FA) (PAB mn) | 1,446.866 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| BoP: FA: Portfolio Investment: Liabilities (PAB mn) | -361.598 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| International Investment Position (IIP) (USD mn) | -78,418.321 Sep 2024 | quarterly | Mar 2015 - Sep 2024 |
| IIP: Assets (USD mn) | 103,227.647 Sep 2024 | quarterly | Mar 2015 - Sep 2024 |
| IIP: Liabilities (USD mn) | 181,645.968 Sep 2024 | quarterly | Mar 2015 - Sep 2024 |
| Foreign Direct Investment (FDI) (PAB mn) | 726.814 Sep 2024 | quarterly | Mar 2013 - Sep 2024 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 1.7 Nov 2024 | monthly | Dec 2008 - Nov 2024 |
| Household Debt: % of GDP (%) | 38.3 Sep 2024 | quarterly | Dec 2007 - Sep 2024 |
| Non-Performing Loans (USD mn) | 1,663.330 Nov 2024 | monthly | Dec 2008 - Nov 2024 |
| Money Supply M1 (USD mn) | 8,808.100 Nov 2024 | monthly | Dec 2002 - Nov 2024 |
| Money Supply M2 (USD mn) | 42,168.740 Nov 2024 | monthly | Dec 2002 - Nov 2024 |
| M2 Growth (%) | 8.4 Nov 2024 | monthly | Dec 2003 - Nov 2024 |
| Foreign Exchange Reserves (USD mn) | 6,280.1 Dec 2024 | monthly | Oct 1969 - Dec 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 5.697 Sep 2024 | quarterly | Dec 2007 - Sep 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 5.0 Nov 2024 | monthly | Jan 2000 - Nov 2024 |
| Gold Reserves (USD mn) | 0.000 Mar 2024 | monthly | Sep 1969 - Mar 2024 |
| Total Deposits (USD mn) | 107,402.904 Nov 2024 | monthly | Dec 1998 - Nov 2024 |
| Total Deposits Growth (%) | 3.1 Nov 2024 | monthly | Dec 1999 - Nov 2024 |
| Domestic Credit (USD mn) | 64,183.2 Nov 2024 | monthly | Dec 2001 - Nov 2024 |
| Domestic Credit Growth (%) | 5.3 Nov 2024 | monthly | Dec 2002 - Nov 2024 |
| Household Debt (USD mn) | 32,823.9 Nov 2024 | monthly | Oct 2005 - Nov 2024 |
| Total Loans (USD mn) | 97,213.172 Nov 2024 | monthly | Dec 1998 - Nov 2024 |
| Total Loans Growth (%) | 8.23 Nov 2024 | monthly | Dec 1999 - Nov 2024 |
| Private Debt: % of Nominal GDP (%) | 69.77 Sep 2024 | quarterly | Dec 2007 - Sep 2024 |
| Money Supply: M3 (PAB mn) | 42,168.740 Nov 2024 | monthly | Dec 2002 - Nov 2024 |
| LC: National Banking System: Private Sector: Mortgage (PAB mn) | 21,071.440 Nov 2024 | monthly | Dec 2002 - Nov 2024 |
More Indicators for Panama
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