Unemployment in Panama

7.65 % in 2023

Though Panama unemployment fluctuated substantially in recent years, it tended to increase through 2004 - 2023 period ending at 7.65 % in 2023.

The description is composed by our digital data assistant.
Alternate Sources
International Financial Statistics (IFS), Monthly Update 10.29 Percent in 2021 IMF
Unemployment in Panama
Number 200,031 Number in 2021 IMF
Rate 8.84 Percent of total labor force in 2023 IMF
Unemployment in Central America and the Caribbean
Haiti 14.86 % in 2023 WB
Costa Rica 8.52 % in 2023 WB
Belize 8.22 % in 2023 WB
Barbados 7.96 % in 2023 WB
Honduras 6.78 % in 2023 WB
Puerto Rico 6.21 % in 2023 WB
Dominican Republic 5.61 % in 2023 WB
Jamaica 5.38 % in 2023 WB
Nicaragua 4.75 % in 2023 WB
Labor in Panama
Average Working Hours 8.79 Hours Per Week in 2014 WB
Employment 15.3 % in 2022 WB
Employment Rate 58.4 % in 2023 WB
Labor Force 54.71 % of female labor force in 2023 WB
Labor Force Participation Rate 34.16 % in 2023 WB