LU4: Composite rate of labour underutilization (previous ILO) in Panama
Panama: LU4: Composite rate of labour underutilization (previous ILO) was 13.54 in 2025. ▲ Rising
LU4: Composite rate of labour underutilization (previous ILO) in Panama, 2006–2025
Source: International Labour Organization.
Analysis
Panama recorded 13.54 for lu4: composite rate of labour underutilization (previous ilo) in 2025.
That represents a change of down 19.5% on the previous year and up 42.6% over ten years.
Over the whole period, lu4: composite rate of labour underutilization (previous ilo) in Panama peaked at 20.69 in 2021 and was at its lowest, 9.26, in 2014.
That places Panama 30th out of 75 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 17 years of available data.
LU4: Composite rate of labour underutilization (previous ILO) in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 2006 | 15.68 | — |
| 2007 | 12.15 | -22.5% |
| 2008 | 10.87 | -10.6% |
| 2009 | 11.73 | +8.0% |
| 2010 | 11.95 | +1.9% |
| 2011 | 9.39 | -21.5% |
| 2013 | 9.31 | -0.8% |
| 2014 | 9.26 | -0.6% |
| 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 11.43, 1.2× the median. (42 countries reporting)
- Panama's 13.54 is below the median for Latin America & Caribbean, which is 13.89, 98% of the median. (14 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 12.61 | 10.87 | 15.68 | 4 |
| 2010s | 10.66 | 9.26 | 14.05 | 9 |
| 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 (previous ilo) in Panama?
- Lu4: composite rate of labour underutilization (previous ilo) in Panama was 13.54 in 2025, according to International Labour Organization.
- What is the highest lu4: composite rate of labour underutilization (previous ilo) recorded in Panama?
- The highest recorded value was 20.69 in 2021.
- What is the lowest lu4: composite rate of labour underutilization (previous ilo) recorded in Panama?
- The lowest recorded value was 9.26 in 2014.
- How does Panama rank for lu4: composite rate of labour underutilization (previous ilo)?
- Panama ranks 30th out of 75 countries with data for 2025.
- Is lu4: composite rate of labour underutilization (previous 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 (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. LU4 represents the share of the extended labour force that are in unemployment, time-related underemployment or the potential labour force. 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.