Unemployment rate, by sex and age - 19th ICLS in Panama

Panama: Unemployment rate, by sex and age - 19th ICLS was 8.6% in 2024. ◆ Volatile

Latest (2024)
8.6%
Change on year
up 28.9%
World rank
14th
of 70 countries
All-time high
18.6%
in 2020
All-time low
4.4%
in 2015
Years of data
11
2014–2024

Unemployment rate, by sex and age - 19th ICLS in Panama, 2014–2024

51015202014201920242014: 4.4 %2015: 4.4 %2016: 4.8 %2017: 5.5 %2018: 5.3 %2019: 6.4 %2020: 18.6 %2021: 10.3 %2022: 8.3 %2023: 6.7 %2024: 8.6 %

Source: United Nations Statistics Division, SDG Global Database. Measured in %.

Analysis

Panama recorded 8.6% for unemployment rate, by sex and age - 19th icls in 2024.

The figure is up 28.9% on the previous year and up 93.9% over ten years.

Over the whole period, unemployment rate, by sex and age - 19th icls in Panama peaked at 18.6% in 2020 and was at its lowest, 4.4%, in 2015.

Panama ranks 14th of 70 countries on this measure, in the top quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Unemployment rate, by sex and age - 19th ICLS in Panama, year by year

Annual values for Unemployment rate, by sex and age - 19th ICLS (%) in Panama, 2014 to 2024.
Year % Change
2014 4.4%
2015 4.4% -0.9%
2016 4.8% +10.0%
2017 5.5% +12.8%
2018 5.3% -2.7%
2019 6.4% +20.7%
2020 18.6% +189.4%
2021 10.3% -44.5%
2022 8.3% -19.5%
2023 6.7% -19.3%
2024 8.6% +28.9%

Averages by decade

DecadeAverage LowestHighest Years
2010s 5.1% 4.4% 6.4% 6
2020s 10.5% 6.7% 18.6% 5

Countries ranked near Panama

  1. 11 Greece 10.0% compare
  2. 12 Chile 8.9% compare
  3. 13 Bahamas 8.6% compare
  4. 15 Finland 8.3% compare
  5. 16 Sweden 8.3% compare
  6. 17 Uruguay 8.2% compare

See the full ranking of 73 places →

More work & labour data for Panama

All data for Panama →

Frequently asked questions

What is unemployment rate, by sex and age - 19th icls in Panama?
Unemployment rate, by sex and age - 19th icls in Panama was 8.6% in 2024, according to United Nations Statistics Division, SDG Global Database.
What is the highest unemployment rate, by sex and age - 19th icls recorded in Panama?
The highest recorded value was 18.6% in 2020.
What is the lowest unemployment rate, by sex and age - 19th icls recorded in Panama?
The lowest recorded value was 4.4% in 2015.
How does Panama rank for unemployment rate, by sex and age - 19th icls?
Panama ranks 14th out of 70 countries with data for 2024.
Is unemployment rate, by sex and age - 19th icls rising or falling in Panama?
Over the last ten years it is up 93.9%. The long-run trend across the full record is volatile.
Where does this Panama data come from?
The figures come from United Nations Statistics Division, SDG Global Database, published as part of Unemployment rate, by sex and age - 19th ICLS (%). Statizoid updates them automatically from the source API.

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Unemployment rate, by sex and age - 19th ICLS in Panama. Statizoid, drawing on United Nations Statistics Division, SDG Global Database. Retrieved 07 September 2026, from https://labour.statizoid.com/stat/unemployment-rate-by-sex-and-age-19th-icls-percent/panama/

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About this data

Indicator
Unemployment rate, by sex and age - 19th ICLS (%)
Unit
%
Source
United Nations Statistics Division, SDG Global Database
Licence
UN SDG Global Database (open, attribution requested)
Coverage
73 places, 719 data points, 2014–2025
Last refreshed