LU4: Composite rate of labour underutilization (current ILO) in Panama
Panama: LU4: Composite rate of labour underutilization (current ILO) was 13.54 in 2025. ▲ Rising
LU4: Composite rate of labour underutilization (current ILO) in Panama, 2014–2025
Source: International Labour Organization.
Analysis
The most recent figure for lu4: composite rate of labour underutilization (current ilo) in Panama is 13.54, measured in 2025.
Compared with earlier readings it is down 19.5% on the previous year and up 42.6% over ten years.
Over the whole period, lu4: composite rate of labour underutilization (current ilo) in Panama peaked at 20.69 in 2021 and was at its lowest, 9.26, in 2014.
That places Panama 23rd out of 56 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 10 years of available data.
LU4: Composite rate of labour underutilization (current ILO) in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 2014 | 9.26 | — |
| 2015 | 9.5 | +2.6% |
| 2016 | 9.73 | +2.5% |
| 2017 | 10.84 | +11.4% |
| 2018 | 11.93 | +10.0% |
| 2019 | 14.05 | +17.8% |
| 2021 | 20.69 | +47.2% |
| 2023 | 14.25 | -31.2% |
| 2024 | 16.83 | +18.2% |
| 2025 | 13.54 | -19.5% |
Panama compared with similar countries
- Panama's 13.54 is above the median for high income countries, which is 12.04, 1.1× the median. (43 countries reporting)
- Panama's 13.54 is below the median for Latin America & Caribbean, which is 13.89, 98% of the median. (8 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 10.88 | 9.26 | 14.05 | 6 |
| 2020s | 16.33 | 13.54 | 20.69 | 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 lu4: composite rate of labour underutilization (current ilo) in Panama?
- Lu4: composite rate of labour underutilization (current ilo) in Panama was 13.54 in 2025, according to International Labour Organization.
- What is the highest lu4: composite rate of labour underutilization (current ilo) recorded in Panama?
- The highest recorded value was 20.69 in 2021.
- What is the lowest lu4: composite rate of labour underutilization (current ilo) recorded in Panama?
- The lowest recorded value was 9.26 in 2014.
- How does Panama rank for lu4: composite rate of labour underutilization (current ilo)?
- Panama ranks 23rd out of 56 countries with data for 2025.
- Is lu4: composite rate of labour underutilization (current ilo) rising or falling in Panama?
- Over the last ten years it is up 42.6%. 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 LU4: Composite rate of labour underutilization (current ILO definition - ICLS19) (15+). Statizoid updates them automatically from the source API.
Download this data
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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 includes only countries for which the 19th ICLS definitions are applied. LU4 represents the share of the extended labour force that are in unemployment, time-related underemployment or the potential labour force. For more information, refer to the Work Statistics -- 19th ICLS (WORK) database description.