Unemployment Rate and Employment Data in Panama
Panama Unemployment Data
| Indicator | Data | Period |
|---|---|---|
| Unemployment Rate | 8.8 % | 2022 |
Latest data on Unemployment Rate (%)
What is Unemployment Rate in Panama?
- Unemployment Rate in Panama decreased to 8.8 % in 2022. The maximum rate was 18.5 % and minimum was 4.1 %.
- Data published Yearly by National Institute of Statistics and Census.
Historical Data (%) by years
Data
Period
Date
| 8.8 | 2022 | 25.05.2023 |
| 14.5 | 2021 | 25.08.2022 |
| 18.5 | 2020 | 17.05.2021 |
| 7.1 | 2019 | 18.02.2020 |
| 6 | 2018 | 29.10.2019 |
| 6.1 | 2017 | 24.04.2018 |
| 5.6 | 2016 | 11.08.2017 |
| 5.2 | 2015 | 31.12.2015 |
Historical Chart by presidents (%)
Unemployment Rate in Panama by presidents
| Name | Period | Start Data | End Data | Max Value | Min Value | CHG% Start/End |
|---|---|---|---|---|---|---|
| Juan Varela | 01.07.2014 - | 5.1000 | 5.6000 | 5.6000 | 5.1000 | 9.80% |
| Ricardo Martinelli | 01.07.2009 - 01.07.2014 | 6.9000 | 4.3000 | 6.9000 | 4.2000 | -37.68% |
| Martín Torrijos | 01.09.2004 - 01.07.2009 | 12.4000 | 5.8000 | 12.4000 | 5.8000 | -53.23% |
| Mireya Moscoso | 01.09.1999 - 01.09.2004 | 11.8000 | 13.7000 | 14.7000 | 11.8000 | 16.10% |
| Ernesto Balladares | 01.09.1994 - 01.09.1999 | 14.0000 | 13.6000 | 14.3000 | 13.4000 | -2.86% |
| Guillermo Endara | 20.12.1989 - 01.09.1994 | 16.3000 | 13.3000 | 16.3000 | 13.3000 | -18.40% |
Other labor indicators in Panama
| Index | Updated | Actual | Previous |
| Wages | 2021 | 1281.178 USD/Month | 1251.127 |
Unemployment Rate in other countries
| Country | Updated | Actual | Previous |
| Colombia | Aug/23 | 9.28 % | 9.57 |
| Panama | 2022 | 8.8 % | 10.3 |
| Puerto Rico | Aug/23 | 6.1 % | 6.8 |
| Honduras | 2022 | 8.7 % | 8.6 |
| Brazil | Aug/23 | 7.8 % | 7.9 |
| Chile | Aug/23 | 9 % | 8.77 |
| Paraguay | 1Q/23 | 6.5 % | 5.7 |
| Argentina | 2Q/23 | 6.2 % | 6.9 |
| Canada | Sep/23 | 5.5 % | 5.5 |
| Ecuador | 2Q/23 | 3.8 % | 3.2 |
| Mexico | Aug/23 | 3 % | 3.1 |
| Peru | Aug/23 | 6.6 % | 6.3 |
| United States | Sep/23 | 3.8 % | 3.8 |
| Uruguay | Aug/23 | 8.2 % | 7.8 |
| Jamaica | 2Q/23 | 4.5 % | 6.6 |
| Suriname | 2022 | 8.6 % | 9.1 |
| Venezuela | Dec/18 | 6.4 % | 7.3 |
| Belize | 2022 | 5 % | 10.2 |
| Cameroon | 2022 | 4 % | 4.1 |
| Cape Verde | 2022 | 13.6 % | 13.9 |
| Cuba | 2021 | 2.8 % | 2.6 |
| Dominican Republic | 1Q/23 | 5.2 % | 4.8 |
| El Salvador | 2022 | 5 % | 7.2 |
| Guyana | 2021 | 14.5 % | 15.4 |
| Haiti | 2022 | 14.8 % | 15 |
| Nicaragua | 2Q/23 | 3.3 % | 3.3 |
| Trinidad and Tobago | 1Q/23 | 4.9 % | 4.7 |
