Labour income share as a percent of GDP in Panama
Panama: Labour income share as a percent of GDP was 35.59 in 2026. ▼ Falling
Labour income share as a percent of GDP in Panama, 2004–2026
Source: International Labour Organization.
Analysis
Panama recorded 35.59 for labour income share as a percent of gdp in 2026.
That represents a change of up 10.0% over ten years.
Over the whole period, labour income share as a percent of gdp in Panama peaked at 43.99 in 2004 and was at its lowest, 31.12, in 2014.
That places Panama 162nd out of 188 countries with data for 2026, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 23 years of available data.
Labour income share as a percent of GDP in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 43.99 | — |
| 2005 | 42.21 | -4.0% |
| 2006 | 42.4 | +0.5% |
| 2007 | 40.55 | -4.4% |
| 2008 | 36.92 | -9.0% |
| 2009 | 36.6 | -0.9% |
| 2010 | 37.36 | +2.1% |
| 2011 | 35.72 | -4.4% |
| 2012 | 33.9 | -5.1% |
| 2013 | 31.4 | -7.4% |
| 2014 | 31.12 | -0.9% |
| 2015 | 31.75 | +2.0% |
| 2016 | 32.36 | +1.9% |
| 2017 | 32.1 | -0.8% |
| 2018 | 36.91 | +15.0% |
| 2019 | 39.24 | +6.3% |
| 2020 | 34.43 | -12.3% |
| 2021 | 37.14 | +7.9% |
| 2022 | 35.02 | -5.7% |
| 2023 | 34.53 | -1.4% |
| 2024 | 35.76 | +3.5% |
| 2025 | 35.59 | -0.5% |
| 2026 | 35.59 | -0.0% |
Panama compared with similar countries
- Panama's 35.59 is below the median for high income countries, which is 53.63, 66% of the median. (62 countries reporting)
- Panama's 35.59 is below the median for Latin America & Caribbean, which is 50.23, 71% of the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 40.45 | 36.6 | 43.99 | 6 |
| 2010s | 34.18 | 31.12 | 39.24 | 10 |
| 2020s | 35.44 | 34.43 | 37.14 | 7 |
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 labour income share as a percent of gdp in Panama?
- Labour income share as a percent of gdp in Panama was 35.59 in 2026, according to International Labour Organization.
- What is the highest labour income share as a percent of gdp recorded in Panama?
- The highest recorded value was 43.99 in 2004.
- What is the lowest labour income share as a percent of gdp recorded in Panama?
- The lowest recorded value was 31.12 in 2014.
- How does Panama rank for labour income share as a percent of gdp?
- Panama ranks 162nd out of 188 countries with data for 2026.
- Is labour income share as a percent of gdp rising or falling in Panama?
- Over the last ten years it is up 10.0%. The long-run trend across the full record is falling.
- Where does this Panama data come from?
- The figures come from International Labour Organization, published as part of Labour income share as a percent of GDP (ILO modelled estimates). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 23 observations, free to reuse under ILO Terms of Use (attribution required).
About this data
Imputed observations are not based on national data, are subject to high uncertainty and should not be used for country comparisons or rankings. The labour income share in GDP is the ratio, in percentage, between total labour income and gross domestic product (a measure of total output), both provided in nominal terms. Labour income includes the compensation of employees and part of the income of the self-employed. Self-employed workers earn from both their work and capital ownership. Total compensation of employees refers to the remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period. The labour income of self-employed is imputed on the basis of a statistical analysis of employees of similar characteristics. The labour income share after accounting for the labour income of the self-employed is often referred to as the adjusted labour income share in GDP. For more information, refer to the ILO Modelled Estimates (ILOEST) database description.