Labor share of gross domestic product (GDP) in Panama
Panama: Labor share of gross domestic product (GDP) was 36.6% in 2025. ▼ Falling
Labor share of gross domestic product (GDP) in Panama, 2004–2025
Source: International Labour Organization – with minor processing by Our World in Data. Measured in %.
Analysis
Panama recorded 36.6% for labor share of gross domestic product (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 gross domestic product (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 gross domestic product (GDP) in Panama, year by year
| Year | % | 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% | -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 | 39.8% | 36.0% | 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 gross domestic product (gdp) in Panama?
- Labor share of gross domestic product (gdp) in Panama was 36.6% in 2025, according to International Labour Organization – with minor processing by Our World in Data.
- What is the highest labor share of gross domestic product (gdp) recorded in Panama?
- The highest recorded value was 43.1% in 2004.
- What is the lowest labor share of gross domestic product (gdp) recorded in Panama?
- The lowest recorded value was 30.5% in 2014.
- How does Panama rank for labor share of gross domestic product (gdp)?
- Panama ranks 165th out of 187 countries with data for 2025.
- Is labor share of gross domestic product (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 International Labour Organization – with minor processing 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
Labour share of GDP (%).