Employment outside the formal sector (previous ILO definition) in Panama

Panama: Employment outside the formal sector (previous ILO definition) was 885.98 in 2025. ▲ Rising

Latest (2025)
885.98
Change on year
down 4.5%
World rank
29th
of 44 countries
All-time high
927.38
in 2024
All-time low
569.49
in 2011
Years of data
7
2011–2025

Employment outside the formal sector (previous ILO definition) in Panama, 2011–2025

02004006008001.0k2011201820252011: 569.52012: 612.22013: 633.52014: 6482023: 890.22024: 927.42025: 886

Source: International Labour Organization.

Analysis

The most recent figure for employment outside the formal sector (previous ilo definition) in Panama is 885.98, measured in 2025.

The figure is down 4.5% on the previous year and up 36.7% over ten years.

Over the whole period, employment outside the formal sector (previous ilo definition) in Panama peaked at 927.38 in 2024 and was at its lowest, 569.49, in 2011.

That places Panama 29th out of 44 countries with data for 2025, putting it in the middle of the range.

Employment outside the formal sector (previous ILO definition) in Panama, year by year

Annual values for Employment outside the formal sector (previous ILO definition - ICLS13) (15+) in Panama, 2011 to 2025.
Year Value Change
2011 569.49
2012 612.21 +7.5%
2013 633.5 +3.5%
2014 647.98 +2.3%
2023 890.21 +37.4%
2024 927.38 +4.2%
2025 885.98 -4.5%

Averages by decade

DecadeAverage LowestHighest Years
2010s 615.79 569.49 647.98 4
2020s 901.19 885.98 927.38 3

Countries ranked near Panama

  1. 26 El Salvador 1,709 compare
  2. 27 Jordan 1,114 compare
  3. 28 Kyrgyzstan 1,008 compare
  4. 30 Costa Rica 804.48 compare
  5. 31 Georgia 754.99 compare
  6. 32 Uruguay 570.13 compare

See the full ranking of 44 places →

More work & labour data for Panama

All data for Panama →

Frequently asked questions

What is employment outside the formal sector (previous ilo definition) in Panama?
Employment outside the formal sector (previous ilo definition) in Panama was 885.98 in 2025, according to International Labour Organization.
What is the highest employment outside the formal sector (previous ilo definition) recorded in Panama?
The highest recorded value was 927.38 in 2024.
What is the lowest employment outside the formal sector (previous ilo definition) recorded in Panama?
The lowest recorded value was 569.49 in 2011.
How does Panama rank for employment outside the formal sector (previous ilo definition)?
Panama ranks 29th out of 44 countries with data for 2025.
Is employment outside the formal sector (previous ilo definition) rising or falling in Panama?
Over the last ten years it is up 36.7%. 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 (previous ILO definition - ICLS13) (15+). Statizoid updates them automatically from the source API.

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Employment outside the formal sector (previous ILO definition) in Panama. Statizoid, drawing on International Labour Organization. Retrieved 11 September 2026, from https://labour.statizoid.com/stat/employment-outside-the-formal-sector-previous-ilo-definition-icls13-15/panama/

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About this data

Indicator
Employment outside the formal sector (previous ILO definition - ICLS13) (15+)
Source
International Labour Organization
Licence
ILO Terms of Use (attribution required)
Coverage
44 places, 449 data points, 2004–2026
Last refreshed

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 is based on the 13th ICLS definitions. For time series comparability, it includes countries that have implemented the 19th ICLS standards, for which data are also available in the Work Statistics -- 19th ICLS (WORK) database. 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 Labour Force Statistics (LFS and STLFS) database description.