Share of workers in informal employment vs gdp per capita in Panama
Panama: Share of workers in informal employment vs gdp per capita was 58.69 in 2024. ▬ Flat
Latest (2024)
58.69
Change on year
up 4.6%
World rank
27th
of 82 countries
All-time high
58.69
in 2024
All-time low
46.55
in 2011
Years of data
19
2003–2024
Share of workers in informal employment vs gdp per capita in Panama, 2003–2024
Source: Our World in Data.
Analysis
In 2024, share of workers in informal employment vs gdp per capita in Panama stood at 58.69. That is the highest value across all 19 years on record.
The figure is up 4.6% on the previous year and up 22.2% over ten years.
Over the whole period, share of workers in informal employment vs gdp per capita in Panama peaked at 58.69 in 2024 and was at its lowest, 46.55, in 2011.
That places Panama 27th out of 82 countries with data for 2024, putting it in the middle of the range.
Share of workers in informal employment vs gdp per capita in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 2003 | 58.08 | — |
| 2006 | 55.96 | -3.7% |
| 2007 | 54.08 | -3.4% |
| 2008 | 51.01 | -5.7% |
| 2009 | 52.36 | +2.6% |
| 2010 | 49.8 | -4.9% |
| 2011 | 46.55 | -6.5% |
| 2012 | 46.97 | +0.9% |
| 2013 | 47.86 | +1.9% |
| 2014 | 48.02 | +0.3% |
| 2015 | 47.85 | -0.4% |
| 2016 | 48.52 | +1.4% |
| 2017 | 49.4 | +1.8% |
| 2018 | 51.36 | +4.0% |
| 2019 | 52.8 | +2.8% |
| 2020 | 56.14 | +6.3% |
| 2021 | 55.67 | -0.8% |
| 2023 | 56.13 | +0.8% |
| 2024 | 58.69 | +4.6% |
Panama compared with similar countries
- Panama's 58.69 is above the median for high income countries, which is 2.4, 24.5× the median. (35 countries reporting)
- Panama's 58.69 is above the median for Latin America & Caribbean, which is 56.01, 1.0× the median. (19 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 54.3 | 51.01 | 58.08 | 5 |
| 2010s | 48.91 | 46.55 | 52.8 | 10 |
| 2020s | 56.66 | 55.67 | 58.69 | 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 share of workers in informal employment vs gdp per capita in Panama?
- Share of workers in informal employment vs gdp per capita in Panama was 58.69 in 2024, according to Our World in Data.
- What is the highest share of workers in informal employment vs gdp per capita recorded in Panama?
- The highest recorded value was 58.69 in 2024.
- What is the lowest share of workers in informal employment vs gdp per capita recorded in Panama?
- The lowest recorded value was 46.55 in 2011.
- How does Panama rank for share of workers in informal employment vs gdp per capita?
- Panama ranks 27th out of 82 countries with data for 2024.
- Is share of workers in informal employment vs gdp per capita rising or falling in Panama?
- Over the last ten years it is up 22.2%. The long-run trend across the full record is flat.
- Where does this Panama data come from?
- The figures come from Our World in Data, published as part of Share of workers in informal employment vs gdp per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (Our World in Data).