Unemployment rate young vs older adults in Panama
Panama: Unemployment rate young vs older adults was 19.68 in 2024. ▲ Rising
Latest (2024)
19.68
Change on year
up 17.4%
World rank
51st
of 188 countries
All-time high
33.03
in 2020
All-time low
9.58
in 2012
Years of data
34
1991–2024
Unemployment rate young vs older adults in Panama, 1991–2024
Source: Our World in Data.
Analysis
Panama recorded 19.68 for unemployment rate young vs older adults in 2024.
The figure is up 17.4% on the previous year and up 70.8% over ten years.
Over the whole period, unemployment rate young vs older adults in Panama peaked at 33.03 in 2020 and was at its lowest, 9.58, in 2012.
That places Panama 51st out of 188 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 34 years of available data.
Unemployment rate young vs older adults in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 1991 | 13.31 | — |
| 1992 | 13.11 | -1.5% |
| 1993 | 13.19 | +0.6% |
| 1994 | 13.43 | +1.8% |
| 1995 | 13.6 | +1.3% |
| 1996 | 14.01 | +3.0% |
| 1997 | 13.91 | -0.7% |
| 1998 | 13.74 | -1.2% |
| 1999 | 13.45 | -2.2% |
| 2000 | 13.55 | +0.8% |
| 2001 | 13.77 | +1.7% |
| 2002 | 13.85 | +0.6% |
| 2003 | 13.88 | +0.2% |
| 2004 | 13.59 | -2.1% |
| 2005 | 13.48 | -0.8% |
| 2006 | 13.29 | -1.5% |
| 2007 | 13.09 | -1.5% |
| 2008 | 12.96 | -1.0% |
| 2009 | 13.26 | +2.3% |
| 2010 | 13.43 | +1.3% |
| 2011 | 11.1 | -17.4% |
| 2012 | 9.58 | -13.7% |
| 2013 | 9.9 | +3.3% |
| 2014 | 11.52 | +16.4% |
| 2015 | 11.68 | +1.3% |
| 2016 | 12.29 | +5.3% |
| 2017 | 14.82 | +20.5% |
| 2018 | 14.1 | -4.8% |
| 2019 | 17.13 | +21.5% |
| 2020 | 33.03 | +92.9% |
| 2021 | 22.34 | -32.4% |
| 2022 | 19.19 | -14.1% |
| 2023 | 16.77 | -12.6% |
| 2024 | 19.68 | +17.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 13.53 | 13.11 | 14.01 | 9 |
| 2000s | 13.47 | 12.96 | 13.88 | 10 |
| 2010s | 12.55 | 9.58 | 17.13 | 10 |
| 2020s | 22.2 | 16.77 | 33.03 | 5 |
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 young vs older adults in Panama?
- Unemployment rate young vs older adults in Panama was 19.68 in 2024, according to Our World in Data.
- What is the highest unemployment rate young vs older adults recorded in Panama?
- The highest recorded value was 33.03 in 2020.
- What is the lowest unemployment rate young vs older adults recorded in Panama?
- The lowest recorded value was 9.58 in 2012.
- How does Panama rank for unemployment rate young vs older adults?
- Panama ranks 51st out of 188 countries with data for 2024.
- Is unemployment rate young vs older adults rising or falling in Panama?
- Over the last ten years it is up 70.8%. The long-run trend across the full record is rising.
- Where does this Panama data come from?
- The figures come from Our World in Data, published as part of Unemployment rate young vs older adults. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 34 observations, free to reuse under CC BY 4.0 (Our World in Data).