LU2: Combined rate of time-related underemployment and unemployment in Panama
Panama: LU2: Combined rate of time-related underemployment and unemployment was 15.84 in 2027. ▲ Rising
LU2: Combined rate of time-related underemployment and unemployment in Panama, 2005–2027
Source: International Labour Organization.
Analysis
Panama recorded 15.84 for lu2: combined rate of time-related underemployment and unemployment in 2027.
Compared with earlier readings it is down 0.4% on the previous year and up 53.7% over ten years.
Over the whole period, lu2: combined rate of time-related underemployment and unemployment in Panama peaked at 23.16 in 2020 and was at its lowest, 8.81, in 2012.
That places Panama 43rd out of 188 countries with data for 2027, putting it in the top quarter.
The long-run direction has been consistently rising across the 23 years of available data.
LU2: Combined rate of time-related underemployment and unemployment in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 11.53 | — |
| 2006 | 11.3 | -2.0% |
| 2007 | 11.17 | -1.2% |
| 2008 | 11.2 | +0.2% |
| 2009 | 11.37 | +1.6% |
| 2010 | 11.4 | +0.3% |
| 2011 | 8.91 | -21.9% |
| 2012 | 8.81 | -1.2% |
| 2013 | 9.02 | +2.4% |
| 2014 | 8.92 | -1.1% |
| 2015 | 8.96 | +0.4% |
| 2016 | 9.2 | +2.7% |
| 2017 | 10.3 | +12.0% |
| 2018 | 11.4 | +10.6% |
| 2019 | 13.5 | +18.4% |
| 2020 | 23.16 | +71.6% |
| 2021 | 19.91 | -14.0% |
| 2022 | 16.39 | -17.7% |
| 2023 | 13.62 | -16.9% |
| 2024 | 16.08 | +18.1% |
| 2025 | 15.97 | -0.7% |
| 2026 | 15.89 | -0.5% |
| 2027 | 15.84 | -0.4% |
Panama compared with similar countries
- Panama's 15.84 is above the median for high income countries, which is 8.6, 1.8× the median. (62 countries reporting)
- Panama's 15.84 is above the median for Latin America & Caribbean, which is 12.17, 1.3× the median. (31 countries reporting)
Biggest year-on-year movements
Years where LU2: Combined rate of time-related underemployment and unemployment in Panama changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | +71.6% | 13.5 | 23.16 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 11.32 | 11.17 | 11.53 | 5 |
| 2010s | 10.04 | 8.81 | 13.5 | 10 |
| 2020s | 17.11 | 13.62 | 23.16 | 8 |
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 lu2: combined rate of time-related underemployment and unemployment in Panama?
- Lu2: combined rate of time-related underemployment and unemployment in Panama was 15.84 in 2027, according to International Labour Organization.
- What is the highest lu2: combined rate of time-related underemployment and unemployment recorded in Panama?
- The highest recorded value was 23.16 in 2020.
- What is the lowest lu2: combined rate of time-related underemployment and unemployment recorded in Panama?
- The lowest recorded value was 8.81 in 2012.
- How does Panama rank for lu2: combined rate of time-related underemployment and unemployment?
- Panama ranks 43rd out of 188 countries with data for 2027.
- Is lu2: combined rate of time-related underemployment and unemployment rising or falling in Panama?
- Over the last ten years it is up 53.7%. The long-run trend across the full record is rising.
- Where does this Panama data come from?
- The figures come from International Labour Organization, published as part of LU2: Combined rate of time-related underemployment and unemployment (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. This series is based on the 13th ICLS definitions. LU2 represents the share of the labour force that are either in unemployment or time-related underemployment. For more information, refer to the ILO Modelled Estimates (ILOEST) database description.