Monthly minimum wage (Local currency), annual growth rate in Panama
Panama: Monthly minimum wage (Local currency), annual growth rate was 4.43 % change on previous year in 2024. ◆ Volatile
Monthly minimum wage (Local currency), annual growth rate in Panama, 1996–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, monthly minimum wage (local currency), annual growth rate in Panama stood at 4.43 % change on previous year.
That represents a change of down 67.5% over ten years.
Over the whole period, monthly minimum wage (local currency), annual growth rate in Panama peaked at 15.02 % change on previous year in 2012 and was at its lowest, 0 % change on previous year, in 1996.
That places Panama 77th out of 168 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Monthly minimum wage (Local currency), annual growth rate in Panama, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1996 | 0 % change on previous year | — |
| 1997 | 0 % change on previous year | — |
| 1998 | 8.51 % change on previous year | — |
| 1999 | 0 % change on previous year | -100.0% |
| 2000 | 12.76 % change on previous year | — |
| 2001 | 0 % change on previous year | -100.0% |
| 2002 | 0 % change on previous year | — |
| 2003 | 2.6 % change on previous year | — |
| 2004 | 0 % change on previous year | -100.0% |
| 2005 | 0 % change on previous year | — |
| 2006 | 7.63 % change on previous year | — |
| 2007 | 4.72 % change on previous year | -38.1% |
| 2008 | 4.51 % change on previous year | -4.5% |
| 2009 | 0 % change on previous year | -100.0% |
| 2010 | 10.08 % change on previous year | — |
| 2011 | 0 % change on previous year | -100.0% |
| 2012 | 15.02 % change on previous year | — |
| 2013 | 0 % change on previous year | -100.0% |
| 2014 | 13.64 % change on previous year | — |
| 2015 | 0 % change on previous year | -100.0% |
| 2016 | 5.5 % change on previous year | — |
| 2017 | 0 % change on previous year | -100.0% |
| 2018 | 4.27 % change on previous year | — |
| 2019 | 0 % change on previous year | -100.0% |
| 2020 | 0.9003 % change on previous year | — |
| 2021 | 0 % change on previous year | -100.0% |
| 2022 | 0 % change on previous year | — |
| 2023 | 0 % change on previous year | — |
| 2024 | 4.43 % change on previous year | — |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.13 % change on previous year | 0 % change on previous year | 8.51 % change on previous year | 4 |
| 2000s | 3.22 % change on previous year | 0 % change on previous year | 12.76 % change on previous year | 10 |
| 2010s | 4.85 % change on previous year | 0 % change on previous year | 15.02 % change on previous year | 10 |
| 2020s | 1.07 % change on previous year | 0 % change on previous year | 4.43 % change on previous year | 5 |
Countries ranked near Panama
- 74 Cameroon 5 % change on previous year compare
- 75 Ireland 4.78 % change on previous year compare
- 76 Greece 4.48 % change on previous year compare
- 78 Netherlands 4.1 % change on previous year compare
- 79 Dominican Republic 4 % change on previous year compare
- 80 Taiwan 3.79 % change on previous year compare
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 monthly minimum wage (local currency), annual growth rate in Panama?
- Monthly minimum wage (local currency), annual growth rate in Panama was 4.43 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest monthly minimum wage (local currency), annual growth rate recorded in Panama?
- The highest recorded value was 15.02 % change on previous year in 2012.
- What is the lowest monthly minimum wage (local currency), annual growth rate recorded in Panama?
- The lowest recorded value was 0 % change on previous year in 1996.
- How does Panama rank for monthly minimum wage (local currency), annual growth rate?
- Panama ranks 77th out of 168 countries with data for 2024.
- Is monthly minimum wage (local currency), annual growth rate rising or falling in Panama?
- Over the last ten years it is down 67.5%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from Statizoid (derived), published as part of Monthly minimum wage (Local currency), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 29 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Monthly minimum wage (Local currency). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Monthly minimum wage International Labour Organization
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Monthly minimum wage (Local currency). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.