Dominican Republic vs Panama: Monthly minimum wage, annual growth rate
Dominican Republic
4 % change on previous year
in 2024
Panama
4.43 % change on previous year
in 2024
Dominican Republic rank
80th
Panama rank
78th
Monthly minimum wage, annual growth rate over time
- Dominican Republic
- Panama
How they compare
Panama currently reports 4.43 % change on previous year against 4 % change on previous year in Dominican Republic, a difference of 0.43 % change on previous year.
That makes Panama's figure about 1.1 times Dominican Republic's.
The two have swapped places 18 times across 29 shared years of data; in 1996 it was Panama ahead.
Dominican Republic ranks 80th and Panama ranks 78th of 168 countries.
Dominican Republic has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Dominican Republic | Panama | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 8.24 % change on previous year | 2.13 % change on previous year | 6.12 % change on previous year | Dominican Republic |
| 2000s | 12.09 % change on previous year | 3.22 % change on previous year | 8.86 % change on previous year | Dominican Republic |
| 2010s | 11.5 % change on previous year | 4.85 % change on previous year | 6.65 % change on previous year | Dominican Republic |
| 2020s | 7.79 % change on previous year | 1.07 % change on previous year | 6.72 % change on previous year | Dominican Republic |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher monthly minimum wage, annual growth rate, Dominican Republic or Panama?
- Panama, at 4.43 % change on previous year against 4 % change on previous year in Dominican Republic as of 2024.
- What is the difference in monthly minimum wage, annual growth rate between Dominican Republic and Panama?
- 0.43 % change on previous year, with Panama ahead.
- How many years of comparable data are there for Dominican Republic and Panama?
- 29 years are reported by both, from 1996 to 2024.
- How do Dominican Republic and Panama rank globally for monthly minimum wage, annual growth rate?
- Dominican Republic ranks 80th and Panama ranks 78th of 168 countries.
- Where does this data come from?
- Statizoid (derived), published as Monthly minimum wage, annual growth rate. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The year-on-year percentage change in Monthly minimum wage. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.