Median hourly earnings of employees in Panama
Panama: Median hourly earnings of employees was 3.85 in 2025. ▲ Rising
Median hourly earnings of employees in Panama, 1997–2025
Source: International Labour Organization.
Analysis
Panama recorded 3.85 for median hourly earnings of employees in 2025.
Compared with earlier readings it is up 11.1% on the previous year and up 33.3% over ten years.
Over the whole period, median hourly earnings of employees in Panama peaked at 4.09 in 2020 and was at its lowest, 1.44, in 1997.
That places Panama 51st out of 55 countries with data for 2025, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 22 years of available data.
Median hourly earnings of employees in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 1997 | 1.44 | — |
| 2003 | 1.44 | +0.0% |
| 2006 | 1.57 | +8.7% |
| 2007 | 1.68 | +7.3% |
| 2008 | 1.73 | +2.9% |
| 2009 | 1.89 | +9.1% |
| 2010 | 2.09 | +10.6% |
| 2011 | 2.28 | +9.3% |
| 2012 | 2.4 | +5.3% |
| 2013 | 2.6 | +8.0% |
| 2014 | 2.88 | +11.1% |
| 2015 | 2.88 | +0.0% |
| 2016 | 3.19 | +10.6% |
| 2017 | 3.46 | +8.5% |
| 2018 | 3.46 | +0.0% |
| 2019 | 3.46 | +0.0% |
| 2020 | 4.09 | +18.3% |
| 2021 | 3.61 | -11.9% |
| 2022 | 3.46 | -4.0% |
| 2023 | 3.61 | +4.2% |
| 2024 | 3.46 | -4.0% |
| 2025 | 3.85 | +11.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.44 | 1.44 | 1.44 | 1 |
| 2000s | 1.66 | 1.44 | 1.89 | 5 |
| 2010s | 2.87 | 2.09 | 3.46 | 10 |
| 2020s | 3.68 | 3.46 | 4.09 | 6 |
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 median hourly earnings of employees in Panama?
- Median hourly earnings of employees in Panama was 3.85 in 2025, according to International Labour Organization.
- What is the highest median hourly earnings of employees recorded in Panama?
- The highest recorded value was 4.09 in 2020.
- What is the lowest median hourly earnings of employees recorded in Panama?
- The lowest recorded value was 1.44 in 1997.
- How does Panama rank for median hourly earnings of employees?
- Panama ranks 51st out of 55 countries with data for 2025.
- Is median hourly earnings of employees rising or falling in Panama?
- Over the last ten years it is up 33.3%. 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 Median hourly earnings of employees (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. The earnings of employees relate to the gross remuneration in cash and in kind paid to employees, as a rule at regular intervals, for time worked or work done together with remuneration for time not worked, such as annual vacation, other type of paid leave or holidays. Earnings exclude employers' contributions in respect of their employees paid to social security and pension schemes and also the benefits received by employees under these schemes. Earnings also exclude severance and termination pay. The median is the middle value, with half of employees earning less and half earning more. For more information, refer to the Wages and Working Time Statistics (COND) database description.