Proportion of informal employment, by sector and sex - 19th ICLS in Panama

Panama: Proportion of informal employment, by sector and sex - 19th ICLS was 58.7% in 2024. ▲ Rising

Latest (2024)
58.7%
Change on year
up 4.6%
World rank
9th
of 50 countries
All-time high
58.7%
in 2024
All-time low
47.9%
in 2015
Years of data
10
2014–2024

Proportion of informal employment, by sector and sex - 19th ICLS in Panama, 2014–2024

02040602014201920242014: 482015: 47.92016: 48.52017: 49.42018: 51.42019: 52.82020: 56.12021: 55.72023: 56.12024: 58.7

Source: United Nations Statistics Division, SDG Global Database.

Analysis

In 2024, proportion of informal employment, by sector and sex - 19th icls in Panama stood at 58.7%. That is the highest value across all 10 years on record.

Compared with earlier readings it is up 4.6% on the previous year and up 22.2% over ten years.

Over the whole period, proportion of informal employment, by sector and sex - 19th icls in Panama peaked at 58.7% in 2024 and was at its lowest, 47.9%, in 2015.

That places Panama 9th out of 50 countries with data for 2024, putting it in the top quarter.

The long-run direction has been consistently rising across the 10 years of available data.

Proportion of informal employment, by sector and sex - 19th ICLS in Panama, year by year

Annual values for Proportion of informal employment, by sector and sex - 19th ICLS (%) in Panama, 2014 to 2024.
Year Value Change
2014 48.0%
2015 47.9% -0.4%
2016 48.5% +1.4%
2017 49.4% +1.8%
2018 51.4% +4.0%
2019 52.8% +2.8%
2020 56.1% +6.3%
2021 55.7% -0.8%
2023 56.1% +0.8%
2024 58.7% +4.6%

Averages by decade

DecadeAverage LowestHighest Years
2010s 49.7% 47.9% 52.8% 6
2020s 56.7% 55.7% 58.7% 4

Countries ranked near Panama

  1. 6 Viet Nam 64.6% compare
  2. 6 Viet Nam 64.6% compare
  3. 8 El Salvador 59.7% compare
  4. 10 Jordan 55.1% compare
  5. 11 Georgia 37.0% compare
  6. 12 Costa Rica 36.1% compare

See the full ranking of 50 places →

More work & labour data for Panama

All data for Panama →

Frequently asked questions

What is proportion of informal employment, by sector and sex - 19th icls in Panama?
Proportion of informal employment, by sector and sex - 19th icls in Panama was 58.7% in 2024, according to United Nations Statistics Division, SDG Global Database.
What is the highest proportion of informal employment, by sector and sex - 19th icls recorded in Panama?
The highest recorded value was 58.7% in 2024.
What is the lowest proportion of informal employment, by sector and sex - 19th icls recorded in Panama?
The lowest recorded value was 47.9% in 2015.
How does Panama rank for proportion of informal employment, by sector and sex - 19th icls?
Panama ranks 9th out of 50 countries with data for 2024.
Is proportion of informal employment, by sector and sex - 19th icls rising or falling in Panama?
Over the last ten years it is up 22.2%. The long-run trend across the full record is rising.
Where does this Panama data come from?
The figures come from United Nations Statistics Division, SDG Global Database, published as part of Proportion of informal employment, by sector and sex - 19th ICLS (%). Statizoid updates them automatically from the source API.

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Proportion of informal employment, by sector and sex - 19th ICLS in Panama. Statizoid, drawing on United Nations Statistics Division, SDG Global Database. Retrieved 12 September 2026, from https://labour.statizoid.com/stat/proportion-of-informal-employment-by-sector-and-sex-19th-icls-percent/panama/

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About this data

Indicator
Proportion of informal employment, by sector and sex - 19th ICLS (%)
Source
United Nations Statistics Division, SDG Global Database
Licence
UN SDG Global Database (open, attribution requested)
Coverage
50 places, 457 data points, 2014–2025
Last refreshed