Labor share of gdp in Panama
Panama: Labor share of gdp was 36.6 in 2025. ▼ Falling
Latest (2025)
36.6
Change on year
down 0.3%
World rank
165th
of 187 countries
All-time high
43.1
in 2004
All-time low
30.5
in 2014
Years of data
22
2004–2025
Labor share of gdp in Panama, 2004–2025
Source: Our World in Data.
Analysis
Panama recorded 36.6 for labor share of gdp in 2025.
Compared with earlier readings it is down 0.3% on the previous year and up 17.7% over ten years.
Over the whole period, labor share of gdp in Panama peaked at 43.1 in 2004 and was at its lowest, 30.5, in 2014.
That places Panama 165th out of 187 countries with data for 2025, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 22 years of available data.
Labor share of gdp in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 43.1 | — |
| 2005 | 41.5 | -3.7% |
| 2006 | 41.7 | +0.5% |
| 2007 | 39.9 | -4.3% |
| 2008 | 36.3 | -9.0% |
| 2009 | 36 | -0.8% |
| 2010 | 36.5 | +1.4% |
| 2011 | 34.9 | -4.4% |
| 2012 | 33.2 | -4.9% |
| 2013 | 30.8 | -7.2% |
| 2014 | 30.5 | -1.0% |
| 2015 | 31.1 | +2.0% |
| 2016 | 31.6 | +1.6% |
| 2017 | 31.4 | -0.6% |
| 2018 | 36.1 | +15.0% |
| 2019 | 37.9 | +5.0% |
| 2020 | 34.8 | -8.2% |
| 2021 | 36.9 | +6.0% |
| 2022 | 36.5 | -1.1% |
| 2023 | 36.3 | -0.5% |
| 2024 | 36.7 | +1.1% |
| 2025 | 36.6 | -0.3% |
Panama compared with similar countries
- Panama's 36.6 is below the median for high income countries, which is 54.5, 67% of the median. (62 countries reporting)
- Panama's 36.6 is below the median for Latin America & Caribbean, which is 50.4, 73% of the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 39.75 | 36 | 43.1 | 6 |
| 2010s | 33.4 | 30.5 | 37.9 | 10 |
| 2020s | 36.3 | 34.8 | 36.9 | 6 |
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 share of gdp in Panama?
- Labor share of gdp in Panama was 36.6 in 2025, according to Our World in Data.
- What is the highest labor share of gdp recorded in Panama?
- The highest recorded value was 43.1 in 2004.
- What is the lowest labor share of gdp recorded in Panama?
- The lowest recorded value was 30.5 in 2014.
- How does Panama rank for labor share of gdp?
- Panama ranks 165th out of 187 countries with data for 2025.
- Is labor share of gdp rising or falling in Panama?
- Over the last ten years it is up 17.7%. 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 share of gdp. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 22 observations, free to reuse under CC BY 4.0 (Our World in Data).