Labor force participation rate by age in Panama
Panama: Labor force participation rate by age was 44.94 in 2024. ▼ Falling
Latest (2024)
44.94
Change on year
up 5.3%
World rank
68th
of 188 countries
All-time high
51.85
in 1993
All-time low
40.57
in 2021
Years of data
35
1990–2024
Labor force participation rate by age in Panama, 1990–2024
Source: Our World in Data.
Analysis
In 2024, labor force participation rate by age in Panama stood at 44.94.
The figure is up 5.3% on the previous year and down 0.4% over ten years.
Over the whole period, labor force participation rate by age in Panama peaked at 51.85 in 1993 and was at its lowest, 40.57, in 2021.
Panama ranks 68th of 188 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 35 years of available data.
Labor force participation rate by age in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | 43.79 | — |
| 1991 | 48.38 | +10.5% |
| 1992 | 50.13 | +3.6% |
| 1993 | 51.85 | +3.4% |
| 1994 | 50.81 | -2.0% |
| 1995 | 51.06 | +0.5% |
| 1996 | 50.82 | -0.5% |
| 1997 | 50.57 | -0.5% |
| 1998 | 50.59 | +0.0% |
| 1999 | 50.83 | +0.5% |
| 2000 | 50.13 | -1.4% |
| 2001 | 49.44 | -1.4% |
| 2002 | 48.75 | -1.4% |
| 2003 | 49.41 | +1.4% |
| 2004 | 49.3 | -0.2% |
| 2005 | 49.05 | -0.5% |
| 2006 | 47.25 | -3.7% |
| 2007 | 47.19 | -0.1% |
| 2008 | 49.59 | +5.1% |
| 2009 | 49.98 | +0.8% |
| 2010 | 47.36 | -5.2% |
| 2011 | 43.84 | -7.4% |
| 2012 | 46.22 | +5.4% |
| 2013 | 46.54 | +0.7% |
| 2014 | 45.14 | -3.0% |
| 2015 | 43.25 | -4.2% |
| 2016 | 43.62 | +0.9% |
| 2017 | 43.71 | +0.2% |
| 2018 | 45.62 | +4.4% |
| 2019 | 46.3 | +1.5% |
| 2020 | 50.25 | +8.5% |
| 2021 | 40.57 | -19.3% |
| 2022 | 45.64 | +12.5% |
| 2023 | 42.67 | -6.5% |
| 2024 | 44.94 | +5.3% |
Panama compared with similar countries
- Panama's 44.94 is above the median for high income countries, which is 40.59, 1.1× the median. (62 countries reporting)
- Panama's 44.94 is below the median for Latin America & Caribbean, which is 45.06, 100% of the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 49.88 | 43.79 | 51.85 | 10 |
| 2000s | 49.01 | 47.19 | 50.13 | 10 |
| 2010s | 45.16 | 43.25 | 47.36 | 10 |
| 2020s | 44.81 | 40.57 | 50.25 | 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 labor force participation rate by age in Panama?
- Labor force participation rate by age in Panama was 44.94 in 2024, according to Our World in Data.
- What is the highest labor force participation rate by age recorded in Panama?
- The highest recorded value was 51.85 in 1993.
- What is the lowest labor force participation rate by age recorded in Panama?
- The lowest recorded value was 40.57 in 2021.
- How does Panama rank for labor force participation rate by age?
- Panama ranks 68th out of 188 countries with data for 2024.
- Is labor force participation rate by age rising or falling in Panama?
- Over the last ten years it is down 0.4%. The long-run trend across the full record is falling.
- Where does this Panama data come from?
- The figures come from Our World in Data, published as part of Labor force participation rate by age. Statizoid updates them automatically from the source API.
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