LU2: Combined rate of time-related underemployment and unemployment in Panama
Panama: LU2: Combined rate of time-related underemployment and unemployment was 12.7 in 2025. ▲ Rising
LU2: Combined rate of time-related underemployment and unemployment in Panama, 2006–2025
Source: International Labour Organization.
Analysis
In 2025, lu2: combined rate of time-related underemployment and unemployment in Panama stood at 12.7.
The figure is down 21.0% on the previous year and up 41.8% over ten years.
Over the whole period, lu2: combined rate of time-related underemployment and unemployment in Panama peaked at 19.91 in 2021 and was at its lowest, 8.91, in 2011.
Panama ranks 18th of 90 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 17 years of available data.
LU2: Combined rate of time-related underemployment and unemployment in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 2006 | 14.99 | — |
| 2007 | 11.48 | -23.4% |
| 2008 | 10.34 | -9.9% |
| 2009 | 11.33 | +9.5% |
| 2010 | 11.4 | +0.7% |
| 2011 | 8.91 | -21.9% |
| 2013 | 9.02 | +1.2% |
| 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% |
| 2021 | 19.91 | +47.5% |
| 2023 | 13.62 | -31.6% |
| 2024 | 16.08 | +18.1% |
| 2025 | 12.7 | -21.0% |
Panama compared with similar countries
- Panama's 12.7 is above the median for high income countries, which is 8.92, 1.4× the median. (45 countries reporting)
- Panama's 12.7 is above the median for Latin America & Caribbean, which is 10.06, 1.3× the median. (19 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 12.04 | 10.34 | 14.99 | 4 |
| 2010s | 10.18 | 8.91 | 13.5 | 9 |
| 2020s | 15.58 | 12.7 | 19.91 | 4 |
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 12.7 in 2025, 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 19.91 in 2021.
- What is the lowest lu2: combined rate of time-related underemployment and unemployment recorded in Panama?
- The lowest recorded value was 8.91 in 2011.
- How does Panama rank for lu2: combined rate of time-related underemployment and unemployment?
- Panama ranks 18th out of 90 countries with data for 2025.
- Is lu2: combined rate of time-related underemployment and unemployment rising or falling in Panama?
- Over the last ten years it is up 41.8%. 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 (previous ILO definition - ICLS13) (15+). Statizoid updates them automatically from the source API.
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About this data
With the aim of promoting international comparability, statistics presented on ILOSTAT are based on standard international definitions wherever feasible and may differ from official national figures. This series is based on the 13th ICLS definitions. For time series comparability, it includes countries that have implemented the 19th ICLS standards, for which data are also available in the Work Statistics -- 19th ICLS (WORK) database. LU2 represents the share of the labour force that are either in unemployment or time-related underemployment. Data disaggregated by level of education are provided on the highest level of education completed, classified according to the International Standard Classification of Education (ISCED). Data may have been regrouped from national classifications, which may not be strictly compatible with ISCED. For more information, refer to the Education and Mismatch Indicators (EMI) database description.