Gender wage gap vs. ratio of female-to-male labor force participation in Panama

Panama: Gender wage gap vs. ratio of female-to-male labor force participation was -11.8% in 2024. ◆ Volatile

Latest (2024)
-11.8%
Change on year
down 203.4%
World rank
64th
of 67 countries
All-time high
18.2%
in 1989
All-time low
-15.5%
in 2022
Years of data
31
1989–2024

Gender wage gap vs. ratio of female-to-male labor force participation in Panama, 1989–2024

-20-10010201989200620241989: 18.2 %1991: 4.5 %1995: 8.3 %1997: 16 %1998: 10.3 %1999: 7.7 %2000: 3.5 %2001: -4.5 %2002: 3.7 %2003: 8.7 %2004: 4.5 %2005: 3.9 %2006: 3.9 %2007: 0 %2008: -1.6 %2009: -0.36 %2010: 0.35 %2011: 2.4 %2012: -3.2 %2013: -0.063 %2014: 3 %2015: -0.032 %2016: 1.7 %2017: -5.7 %2018: -11.4 %2019: 9.2 %2020: -13.8 %2021: -15.2 %2022: -15.5 %2023: -3.9 %2024: -11.8 %

Source: International Labour Organization (2026) – with major processing by Our World in Data. Measured in %.

Analysis

The most recent figure for gender wage gap vs. ratio of female-to-male labor force participation in Panama is -11.8%, measured in 2024.

The figure is down 203.4% on the previous year and down 493.0% over ten years.

Over the whole period, gender wage gap vs. ratio of female-to-male labor force participation in Panama peaked at 18.2% in 1989 and was at its lowest, -15.5%, in 2022.

Panama ranks 64th of 67 countries on this measure, in the bottom quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Gender wage gap vs. ratio of female-to-male labor force participation in Panama, year by year

Annual values for Gender wage gap vs. ratio of female-to-male labor force participation in Panama, 1989 to 2024.
Year % Change
1989 18.2%
1991 4.5% -75.0%
1995 8.3% +83.1%
1997 16.0% +92.1%
1998 10.3% -35.4%
1999 7.7% -25.6%
2000 3.5% -55.1%
2001 -4.5% -230.7%
2002 3.7% -181.4%
2003 8.7% +137.1%
2004 4.5% -47.7%
2005 3.9% -15.4%
2006 3.9% +0.0%
2007 0.0% -100.0%
2008 -1.6%
2009 -0.4% -78.0%
2010 0.3% -197.2%
2011 2.4% +592.0%
2012 -3.2% -233.2%
2013 -0.1% -98.0%
2014 3.0% -4854.0%
2015 -0.0% -101.1%
2016 1.7% -5525.0%
2017 -5.7% -429.8%
2018 -11.4% +99.2%
2019 9.2% -180.9%
2020 -13.8% -249.5%
2021 -15.2% +10.5%
2022 -15.5% +1.5%
2023 -3.9% -74.9%
2024 -11.8% +203.4%

Panama compared with similar countries

  • Panama's -11.8% is below the median for high income countries, which is 14.9%. (21 countries reporting)
  • Panama's -11.8% is below the median for Latin America & Caribbean, which is 0.0%. (19 countries reporting)

Biggest year-on-year movements

Years where Gender wage gap vs. ratio of female-to-male labor force participation in Panama changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
2016 +5525.0% -0.0% 1.7%
2014 +4854.0% -0.1% 3.0%

Averages by decade

DecadeAverage LowestHighest Years
1980s 18.2% 18.2% 18.2% 1
1990s 9.4% 4.5% 16.0% 5
2000s 2.2% -4.5% 8.7% 10
2010s -0.4% -11.4% 9.2% 10
2020s -12.0% -15.5% -3.9% 5

Countries ranked near Panama

  1. 61 El Salvador -7.1% compare
  2. 62 Ecuador -9.1% compare
  3. 63 Belize -11.2% compare
  4. 65 Philippines -12.7% compare
  5. 66 Timor-Leste -16.6% compare
  6. 67 Honduras -27.6% compare

See the full ranking of 67 places →

More work & labour data for Panama

All data for Panama →

Frequently asked questions

What is gender wage gap vs. ratio of female-to-male labor force participation in Panama?
Gender wage gap vs. ratio of female-to-male labor force participation in Panama was -11.8% in 2024, according to International Labour Organization (2026) – with major processing by Our World in Data.
What is the highest gender wage gap vs. ratio of female-to-male labor force participation recorded in Panama?
The highest recorded value was 18.2% in 1989.
What is the lowest gender wage gap vs. ratio of female-to-male labor force participation recorded in Panama?
The lowest recorded value was -15.5% in 2022.
How does Panama rank for gender wage gap vs. ratio of female-to-male labor force participation?
Panama ranks 64th out of 67 countries with data for 2024.
Is gender wage gap vs. ratio of female-to-male labor force participation rising or falling in Panama?
Over the last ten years it is down 493.0%. The long-run trend across the full record is volatile.
Where does this Panama data come from?
The figures come from International Labour Organization (2026) – with major processing by Our World in Data, published as part of Gender wage gap vs. ratio of female-to-male labor force participation. Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (Our World in Data).

Share, cite or embed this page

Cite this page

Gender wage gap vs. ratio of female-to-male labor force participation in Panama. Statizoid, drawing on International Labour Organization (2026) – with major processing by Our World in Data. Retrieved 15 September 2026, from https://labour.statizoid.com/stat/gender-gap-in-hourly-wages-vs-ratio-of-female-to-male-labor-force-participation/panama/

Embed or link this data

Paste this into a page to link back to these figures. The data itself is free to reuse under CC BY 4.0 (Our World in Data); please keep the attribution.

<a href="https://labour.statizoid.com/stat/gender-gap-in-hourly-wages-vs-ratio-of-female-to-male-labor-force-participation/panama/">Gender wage gap vs. ratio of female-to-male labor force participation in Panama</a> — Statizoid

About this data

Indicator
Gender wage gap vs. ratio of female-to-male labor force participation
Unit
%
Source
International Labour Organization (2026) – with major processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
67 places, 1,009 data points, 1969–2025
Last refreshed

Difference between average earnings of men and average earnings of women expressed as a percentage of average earnings of men.