Monthly minimum wage (Local currency), per square kilometre in Panama
Panama: Monthly minimum wage (Local currency), per square kilometre was 0.0062 units per square kilometre in 2023. ▲ Rising
Monthly minimum wage (Local currency), per square kilometre in Panama, 1995–2023
Source: Statizoid (derived). Measured in units per square kilometre.
Analysis
In 2023, monthly minimum wage (local currency), per square kilometre in Panama stood at 0.0062 units per square kilometre. That is the highest value across all 29 years on record.
That represents a change of up 26.4% over ten years.
Over the whole period, monthly minimum wage (local currency), per square kilometre in Panama peaked at 0.0062 units per square kilometre in 2020 and was at its lowest, 0.0026 units per square kilometre, in 1995.
That places Panama 130th out of 169 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 29 years of available data.
Monthly minimum wage (Local currency), per square kilometre in Panama, year by year
| Year | units per square kilometre | Change |
|---|---|---|
| 1995 | 0.0026 units per square kilometre | — |
| 1996 | 0.0026 units per square kilometre | +0.0% |
| 1997 | 0.0026 units per square kilometre | +0.0% |
| 1998 | 0.0029 units per square kilometre | +8.5% |
| 1999 | 0.0029 units per square kilometre | +0.0% |
| 2000 | 0.0032 units per square kilometre | +12.8% |
| 2001 | 0.0032 units per square kilometre | +0.0% |
| 2002 | 0.0032 units per square kilometre | +0.0% |
| 2003 | 0.0033 units per square kilometre | +2.6% |
| 2004 | 0.0033 units per square kilometre | +0.0% |
| 2005 | 0.0033 units per square kilometre | +0.0% |
| 2006 | 0.0036 units per square kilometre | +7.6% |
| 2007 | 0.0037 units per square kilometre | +4.7% |
| 2008 | 0.0039 units per square kilometre | +4.5% |
| 2009 | 0.0039 units per square kilometre | +0.0% |
| 2010 | 0.0043 units per square kilometre | +10.1% |
| 2011 | 0.0043 units per square kilometre | +0.0% |
| 2012 | 0.0049 units per square kilometre | +15.0% |
| 2013 | 0.0049 units per square kilometre | +0.0% |
| 2014 | 0.0056 units per square kilometre | +14.0% |
| 2015 | 0.0056 units per square kilometre | +0.0% |
| 2016 | 0.0059 units per square kilometre | +5.5% |
| 2017 | 0.0059 units per square kilometre | +0.0% |
| 2018 | 0.0062 units per square kilometre | +4.2% |
| 2019 | 0.0062 units per square kilometre | +0.0% |
| 2020 | 0.0062 units per square kilometre | +0.9% |
| 2021 | 0.0062 units per square kilometre | +0.0% |
| 2022 | 0.0062 units per square kilometre | +0.0% |
| 2023 | 0.0062 units per square kilometre | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0027 units per square kilometre | 0.0026 units per square kilometre | 0.0029 units per square kilometre | 5 |
| 2000s | 0.0035 units per square kilometre | 0.0032 units per square kilometre | 0.0039 units per square kilometre | 10 |
| 2010s | 0.0054 units per square kilometre | 0.0043 units per square kilometre | 0.0062 units per square kilometre | 10 |
| 2020s | 0.0062 units per square kilometre | 0.0062 units per square kilometre | 0.0062 units per square kilometre | 4 |
Countries ranked near Panama
- 127 United Kingdom 0.0075 units per square kilometre compare
- 128 Greece 0.0071 units per square kilometre compare
- 129 Morocco 0.007 units per square kilometre compare
- 131 Germany 0.0057 units per square kilometre compare
- 132 Malaysia 0.0046 units per square kilometre compare
- 133 Tajikistan 0.0043 units per square kilometre 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), per square kilometre in Panama?
- Monthly minimum wage (local currency), per square kilometre in Panama was 0.0062 units per square kilometre in 2023, according to Statizoid (derived).
- What is the highest monthly minimum wage (local currency), per square kilometre recorded in Panama?
- The highest recorded value was 0.0062 units per square kilometre in 2020.
- What is the lowest monthly minimum wage (local currency), per square kilometre recorded in Panama?
- The lowest recorded value was 0.0026 units per square kilometre in 1995.
- How does Panama rank for monthly minimum wage (local currency), per square kilometre?
- Panama ranks 130th out of 169 countries with data for 2023.
- Is monthly minimum wage (local currency), per square kilometre rising or falling in Panama?
- Over the last ten years it is up 26.4%. The long-run trend across the full record is rising.
- Where does this Panama data come from?
- The figures come from Statizoid (derived), published as part of Monthly minimum wage (Local currency), per square kilometre. 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
Monthly minimum wage (Local currency) divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Monthly minimum wage (Local currency) ÷ Land area (sq. km)
Computed from
- Monthly minimum wage International Labour Organization
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
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
Monthly minimum wage (Local currency) divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.