Latin America and the Caribbean: Upper-middle income vs Panama: Unemployment rate (ILO modelled estimates)
Unemployment rate (ILO modelled estimates) over time
- Latin America and the Caribbean: Upper-middle income
- Panama
How they compare
Panama currently reports 8.26 against 4.77 in Latin America and the Caribbean: Upper-middle income, a difference of 3.49.
That makes Panama's figure about 1.7 times Latin America and the Caribbean: Upper-middle income's.
The two have swapped places 2 times across 37 shared years of data; in 1991 it was Panama ahead.
Latin America and the Caribbean: Upper-middle income ranks 52nd and Panama ranks 55th of 87 groups.
Across the 4 decades both report, Latin America and the Caribbean: Upper-middle income averaged higher in 3 and Panama in 1.
Head to head by decade
| Decade | Latin America and the Caribbean: Upper-middle income | Panama | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 7.6 | 6.44 | 1.16 | Latin America and the Caribbean: Upper-middle income |
| 2000s | 8.39 | 6.01 | 2.38 | Latin America and the Caribbean: Upper-middle income |
| 2010s | 7.11 | 4.74 | 2.36 | Latin America and the Caribbean: Upper-middle income |
| 2020s | 6.56 | 9.11 | 2.55 | Panama |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher unemployment rate (ilo modelled estimates), Latin America and the Caribbean: Upper-middle income or Panama?
- Panama, at 8.26 against 4.77 in Latin America and the Caribbean: Upper-middle income as of 2027.
- What is the difference in unemployment rate (ilo modelled estimates) between Latin America and the Caribbean: Upper-middle income and Panama?
- 3.49, with Panama ahead.
- How many years of comparable data are there for Latin America and the Caribbean: Upper-middle income and Panama?
- 37 years are reported by both, from 1991 to 2027.
- How do Latin America and the Caribbean: Upper-middle income and Panama rank globally for unemployment rate (ilo modelled estimates)?
- Latin America and the Caribbean: Upper-middle income ranks 52nd and Panama ranks 55th of 87 groups.
- Where does this data come from?
- International Labour Organization, published as Unemployment rate (ILO modelled estimates) (15+). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Imputed observations are not based on national data, are subject to high uncertainty and should not be used for country comparisons or rankings. This series is based on the 13th ICLS definitions. The unemployment rate conveys the number of persons who are unemployed as a percent of the labour force (i.e., the employed plus the unemployed). The unemployed comprise all persons of working age who were: a) without work during the reference period, i.e. were not in paid employment or self-employment; b) currently available for work, i.e. were available for paid employment or self-employment during the reference period; and c) seeking work, i.e. had taken specific steps in a specified recent period to seek paid employment or self-employment. For more information, refer to the ILO Modelled Estimates (ILOEST) database description.