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Panama Wages: Minimum and Average

Panama Wages Data

Indicator Data Period
Wages 1279 PAB/Month | 1281.178 USD/Month 2021


Latest data on Wages (PAB/Month)

Wages
                     Panama - Historical Data (PAB/Month)

What is average wage in Panama?

  • Average Wages in Panama increased to 1279 PAB/Month (1281.178 USD/Month) in 2021. The maximum rate of average wage for employees was 1422 PAB/Month and minimum was 198 PAB/Month.
  • Data published Yearly by National Institute of Statistics and Census.

Historical Data (PAB/Month) by years

Data
Period
Date
1279 2021 14.10.2022
1249 2020 06.08.2021
1209 2019 19.12.2020
1422 2018 08.06.2019
1146 2017 24.04.2018
1238 2016 11.08.2017
1115 2015 31.12.2015
1042 2014 31.12.2014


Historical Chart by presidents (PAB/Month)

Wages in Panama by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Juan Varela 01.07.2014 - 1042.0000 1146.0000 1238.0000 1042.0000 9.98%
Ricardo Martinelli 01.07.2009 - 01.07.2014 635.0000 987.0000 987.0000 635.0000 55.43%
Martín Torrijos 01.09.2004 - 01.07.2009 515.0000 608.0000 608.0000 515.0000 18.06%
Mireya Moscoso 01.09.1999 - 01.09.2004 541.0000 508.0000 541.0000 505.0000 -6.10%
Ernesto Balladares 01.09.1994 - 01.09.1999 513.0000 538.0000 569.0000 513.0000 4.87%
Guillermo Endara 20.12.1989 - 01.09.1994 486.0000 511.0000 511.0000 486.0000 5.14%

Other labor indicators in Panama

Index Updated Actual Previous
Unemployment Rate 2022 8.8 % 10.3

Wages in other countries

Country Updated Actual Previous
Panama 2021 1281.178 USD/Month 1251.127
Brazil Aug/23 583.299 USD/Month 581.319
Chile Jul/23 1127.866 USD/Month 1122.853
Argentina Jun/23 1304.847 USD/Month 865.597
Canada Jul/23 3492.535 USD/Month 3497.242
Ecuador 2023 525 USD/Month 525
Mexico Aug/23 630.058 USD/Month 632.413
Peru Aug/23 509.014 USD/Month 505.361
United States Sep/23 4649.6 USD/Month 4640
Uruguay 2020 934.779 USD/Month 876.975
Cuba 2021 148.738 USD/Month 46.369
Nicaragua Jun/23 324.932 USD/Month 324.111