Employment outside the formal sector (current ILO definition - ICLS19) in Panama
Panama: Employment outside the formal sector (current ILO definition - ICLS19) was 885.98 in 2025. ▲ Rising
Employment outside the formal sector (current ILO definition - ICLS19) in Panama, 2014–2025
Source: International Labour Organization.
Analysis
The most recent figure for employment outside the formal sector (current ilo definition - icls19) in Panama is 885.98, measured in 2025.
The figure is down 4.5% on the previous year and up 34.9% over ten years.
Over the whole period, employment outside the formal sector (current ilo definition - icls19) in Panama peaked at 927.38 in 2024 and was at its lowest, 647.98, in 2014.
That places Panama 15th out of 46 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 11 years of available data.
Employment outside the formal sector (current ILO definition - ICLS19) in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 2014 | 647.98 | — |
| 2015 | 656.61 | +1.3% |
| 2016 | 694.77 | +5.8% |
| 2017 | 699 | +0.6% |
| 2018 | 768.59 | +10.0% |
| 2019 | 842.55 | +9.6% |
| 2020 | 801.39 | -4.9% |
| 2021 | 794.56 | -0.9% |
| 2023 | 890.21 | +12.0% |
| 2024 | 927.38 | +4.2% |
| 2025 | 885.98 | -4.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 718.25 | 647.98 | 842.55 | 6 |
| 2020s | 859.9 | 794.56 | 927.38 | 5 |
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 employment outside the formal sector (current ilo definition - icls19) in Panama?
- Employment outside the formal sector (current ilo definition - icls19) in Panama was 885.98 in 2025, according to International Labour Organization.
- What is the highest employment outside the formal sector (current ilo definition - icls19) recorded in Panama?
- The highest recorded value was 927.38 in 2024.
- What is the lowest employment outside the formal sector (current ilo definition - icls19) recorded in Panama?
- The lowest recorded value was 647.98 in 2014.
- How does Panama rank for employment outside the formal sector (current ilo definition - icls19)?
- Panama ranks 15th out of 46 countries with data for 2025.
- Is employment outside the formal sector (current ilo definition - icls19) rising or falling in Panama?
- Over the last ten years it is up 34.9%. 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 Employment outside the formal sector (current ILO definition - ICLS19) (15+). Statizoid updates them automatically from the source API.
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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. This series includes only countries for which the 19th ICLS definitions are applied. This harmonized series for employment outside the formal sector is derived using the same set of criteria across countries to improve comparability. The criteria used are based on employment status, institutional sector, destination of production, bookkeeping, registration, social security contribution, places of work and size. For more information, refer to the Work Statistics -- 19th ICLS (WORK) database description.