Unemployment rate (previous ILO definition - ICLS13) in Panama
Panama: Unemployment rate (previous ILO definition - ICLS13) was 8.61 in 2024. ◆ Volatile
Unemployment rate (previous ILO definition - ICLS13) in Panama, 1997–2024
Source: International Labour Organization.
Analysis
In 2024, unemployment rate (previous ilo definition - icls13) in Panama stood at 8.61.
Compared with earlier readings it is up 28.9% on the previous year and up 44.5% over ten years.
Over the whole period, unemployment rate (previous ilo definition - icls13) in Panama peaked at 18.55 in 2020 and was at its lowest, 4.32, in 1997.
Panama ranks 18th of 78 countries on this measure, in the top quarter.
Unemployment rate (previous ILO definition - ICLS13) in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 1997 | 4.32 | — |
| 2003 | 8.02 | +85.5% |
| 2008 | 4.87 | -39.3% |
| 2018 | 5.96 | +22.4% |
| 2020 | 18.55 | +211.4% |
| 2021 | 10.29 | -44.5% |
| 2023 | 6.68 | -35.1% |
| 2024 | 8.61 | +28.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.32 | 4.32 | 4.32 | 1 |
| 2000s | 6.44 | 4.87 | 8.02 | 2 |
| 2010s | 5.96 | 5.96 | 5.96 | 1 |
| 2020s | 11.03 | 6.68 | 18.55 | 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 unemployment rate (previous ilo definition - icls13) in Panama?
- Unemployment rate (previous ilo definition - icls13) in Panama was 8.61 in 2024, according to International Labour Organization.
- What is the highest unemployment rate (previous ilo definition - icls13) recorded in Panama?
- The highest recorded value was 18.55 in 2020.
- What is the lowest unemployment rate (previous ilo definition - icls13) recorded in Panama?
- The lowest recorded value was 4.32 in 1997.
- How does Panama rank for unemployment rate (previous ilo definition - icls13)?
- Panama ranks 18th out of 78 countries with data for 2024.
- Is unemployment rate (previous ilo definition - icls13) rising or falling in Panama?
- Over the last ten years it is up 44.5%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from International Labour Organization, published as part of Unemployment rate (previous ILO definition - ICLS13) (15+). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 8 observations, free to reuse under ILO Terms of Use (attribution required).
About this data
The unemployment rate conveys the number of persons who are unemployed as a percent of the labour force (i.e., the employed plus the unemployed). The unemployed comprise all persons of working age who were: a) without work during the reference period, i.e. were not in paid employment or self-employment; b) currently available for work, i.e. were available for paid employment or self-employment during the reference period; and c) seeking work, i.e. had taken specific steps in a specified recent period to seek paid employment or self-employment. For more information, refer to the International Labour Migration Statistics (ILMS) database description.