Average monthly earnings of employees in Panama
Panama: Average monthly earnings of employees was 882.82 in 2024. ▲ Rising
Average monthly earnings of employees in Panama, 1997–2024
Source: International Labour Organization.
Analysis
Panama recorded 882.82 for average monthly earnings of employees in 2024.
That represents a change of down 2.3% on the previous year and up 27.9% over ten years.
Over the whole period, average monthly earnings of employees in Panama peaked at 929.48 in 2021 and was at its lowest, 387.5, in 2003.
Panama ranks 43rd of 47 countries on this measure, in the bottom quarter.
Average monthly earnings of employees in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 1997 | 442.17 | — |
| 2003 | 387.5 | -12.4% |
| 2008 | 486.11 | +25.4% |
| 2017 | 690 | +41.9% |
| 2018 | 701.74 | +1.7% |
| 2020 | 924.53 | +31.7% |
| 2021 | 929.48 | +0.5% |
| 2023 | 903.68 | -2.8% |
| 2024 | 882.82 | -2.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 442.17 | 442.17 | 442.17 | 1 |
| 2000s | 436.8 | 387.5 | 486.11 | 2 |
| 2010s | 695.87 | 690 | 701.74 | 2 |
| 2020s | 910.13 | 882.82 | 929.48 | 4 |
Countries ranked near Panama
More work & labour data for Panama
- Population - Est. & Proj. — Total Population - Both sexes, annual -0.192 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Male, annual growth -0.1956 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Female, annual growth -0.1888 % change on previous year (2100)
- Population - Est. & Proj. — Rural population, annual growth rate -1.03 % change on previous year (2050)
- Population - Est. & Proj. — Urban population, annual growth rate 1.09 % change on previous year (2050)
- Population - Est. & Proj. — Urban population 4,652 1000 No (2050)
- Population - Est. & Proj. — Rural population 1,175 1000 No (2050)
- Population - Est. & Proj. — Total Population - Female 2,950 1000 No (2100)
- Population - Est. & Proj. — Total Population - Male 2,955 1000 No (2100)
- Population - Est. & Proj. — Total Population - Both sexes 5,905 1000 No (2100)
Frequently asked questions
- What is average monthly earnings of employees in Panama?
- Average monthly earnings of employees in Panama was 882.82 in 2024, according to International Labour Organization.
- What is the highest average monthly earnings of employees recorded in Panama?
- The highest recorded value was 929.48 in 2021.
- What is the lowest average monthly earnings of employees recorded in Panama?
- The lowest recorded value was 387.5 in 2003.
- How does Panama rank for average monthly earnings of employees?
- Panama ranks 43rd out of 47 countries with data for 2024.
- Is average monthly earnings of employees rising or falling in Panama?
- Over the last ten years it is up 27.9%. The long-run trend across the full record is rising.
- Where does this Panama data come from?
- The figures come from International Labour Organization, published as part of Average monthly earnings of employees. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 9 observations, free to reuse under ILO Terms of Use (attribution required).
About this data
With the aim of promoting international comparability, statistics presented on ILOSTAT are based on standard international definitions wherever feasible and may differ from official national figures. The earnings of employees relate to the gross remuneration in cash and in kind paid to employees, as a rule at regular intervals, for time worked or work done together with remuneration for time not worked, such as annual vacation, other type of paid leave or holidays. Earnings exclude employers' contributions in respect of their employees paid to social security and pension schemes and also the benefits received by employees under these schemes. Earnings also exclude severance and termination pay. For more information, refer to the Wages and Working Time Statistics (COND) database description.