Employment rate in Panama

Panama: Employment rate was 60.8% in 2025. ▲ Rising

Latest (2025)
60.8%
Change on year
up 0.1%
World rank
67th
of 186 countries
All-time high
64.2%
in 2019
All-time low
54.1%
in 1991
Years of data
35
1991–2025

Employment rate in Panama, 1991–2025

02040601991200820251991: 54.1 %1992: 55.3 %1993: 56.3 %1994: 56.6 %1995: 57.3 %1996: 57.3 %1997: 57.6 %1998: 58.8 %1999: 58.8 %2000: 59.1 %2001: 59.3 %2002: 59.6 %2003: 59.8 %2004: 60.5 %2005: 60.7 %2006: 60 %2007: 60.5 %2008: 62 %2009: 59.8 %2010: 61.1 %2011: 60.5 %2012: 62.6 %2013: 63.3 %2014: 62.8 %2015: 62.8 %2016: 63.1 %2017: 62.4 %2018: 64.1 %2019: 64.2 %2020: 56.7 %2021: 56.4 %2022: 61 %2023: 60.9 %2024: 60.7 %2025: 60.8 %

Source: ILO Modelled Estimates, via World Bank (2026) – processed by Our World in Data. Measured in %.

Analysis

The most recent figure for employment rate in Panama is 60.8%, measured in 2025.

That represents a change of up 0.1% on the previous year and down 3.3% over ten years.

Over the whole period, employment rate in Panama peaked at 64.2% in 2019 and was at its lowest, 54.1%, in 1991.

That places Panama 67th out of 186 countries with data for 2025, putting it in the middle of the range.

The long-run direction has been consistently rising across the 35 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1990s 56.9% 54.1% 58.8% 9
2000s 60.1% 59.1% 62.0% 10
2010s 62.7% 60.5% 64.2% 10
2020s 59.4% 56.4% 61.0% 6

Countries ranked near Panama

  1. 64 Zimbabwe 61.4% compare
  2. 65 Denmark 61.3% compare
  3. 66 Brunei 60.8% compare
  4. 68 Maldives 60.6% compare
  5. 69 Belarus 60.6% compare
  6. 70 Barbados 60.5% compare

See the full ranking of 186 places →

More work & labour data for Panama

All data for Panama →

Frequently asked questions

What is employment rate in Panama?
Employment rate in Panama was 60.8% in 2025, according to ILO Modelled Estimates, via World Bank (2026) – processed by Our World in Data.
What is the highest employment rate recorded in Panama?
The highest recorded value was 64.2% in 2019.
What is the lowest employment rate recorded in Panama?
The lowest recorded value was 54.1% in 1991.
How does Panama rank for employment rate?
Panama ranks 67th out of 186 countries with data for 2025.
Is employment rate rising or falling in Panama?
Over the last ten years it is down 3.3%. The long-run trend across the full record is rising.
Where does this Panama data come from?
The figures come from ILO Modelled Estimates, via World Bank (2026) – processed by Our World in Data, published as part of Employment rate. Statizoid updates them automatically from the source API.

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About this data

Indicator
Employment rate
Unit
%
Source
ILO Modelled Estimates, via World Bank (2026) – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
186 places, 6,496 data points, 1991–2025
Last refreshed

Share of the working-age population (ages 15 and older) who are employed.