Labor share of gross domestic product (GDP) in Panama
Panama: Labor share of gross domestic product (GDP) was 34.5% in 2020. ▼ Falling
Labor share of gross domestic product (GDP) in Panama, 2004–2020
Source: International Labour Organisation (2023) – processed by Our World in Data. Measured in %.
Analysis
Panama recorded 34.5% for labor share of gross domestic product (gdp) in 2020.
Compared with earlier readings it is up 1.5% on the previous year and down 5.2% over ten years.
Over the whole period, labor share of gross domestic product (gdp) in Panama peaked at 42.3% in 2004 and was at its lowest, 30.0%, in 2014.
That places Panama 171st out of 186 countries with data for 2020, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 17 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 38.6% | 35.3% | 42.3% | 6 |
| 2010s | 32.4% | 30.0% | 36.4% | 10 |
| 2020s | 34.5% | 34.5% | 34.5% | 1 |
Countries ranked near Panama
- 168 Turkiye 35.7% compare
- 169 Brunei Darussalam 35.6% compare
- 170 Mexico 35.2% compare
- 172 Macao 34.2% compare
- 173 Papua New Guinea 34.1% compare
- 174 Central African Republic 33.6% compare
More work & labour data for Panama
- Legislation on sexual harassment in employment 1 (1=yes; 0=no) (2023)
- Criminal sanctions or compensation for workplace sexual harassment 1 (1=yes; 0=no) (2023)
- Women can take the same jobs as men 1 (1=yes; 0=no) (2023)
- Labor force participation rate, total (% of total population ages 15+) 66.3% (2025)
- Labor force participation rate, male (% of male population ages 15+) 77.9% (2025)
- Ratio of female to male labor force participation rate (%) 70.6% (2025)
- Labor force participation rate, female (% of female population ages 15 54.9% (2025)
- Labor force participation rate, total (% of total population ages 15-6 71.9% (2025)
- Labor force participation rate, male (% of male population ages 15-64) 82.7% (2025)
- Labor force participation rate, female (% of female population ages 15 61.1% (2025)
Frequently asked questions
- What is labor share of gross domestic product (gdp) in Panama?
- Labor share of gross domestic product (gdp) in Panama was 34.5% in 2020, according to International Labour Organisation (2023) – processed by Our World in Data.
- What is the highest labor share of gross domestic product (gdp) recorded in Panama?
- The highest recorded value was 42.3% in 2004.
- What is the lowest labor share of gross domestic product (gdp) recorded in Panama?
- The lowest recorded value was 30.0% in 2014.
- How does Panama rank for labor share of gross domestic product (gdp)?
- Panama ranks 171st out of 186 countries with data for 2020.
- Is labor share of gross domestic product (gdp) rising or falling in Panama?
- Over the last ten years it is down 5.2%. The long-run trend across the full record is falling.
- Where does this Panama data come from?
- The figures come from International Labour Organisation (2023) – processed by Our World in Data, published as part of Labor share of gross domestic product (GDP). Statizoid updates them automatically from the source API.
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About this data
The labor share of gross domestic product (GDP) is the estimated total compensation of employees given as a percent of GDP. It provides information about the relative share of output paid as compensation to employees, compared to the share paid to capital.