Panama Labor Force Participation Rate 1990-2021

Labor force participation rate for ages 15-24 is the proportion of the population ages 15-24 that is economically active: all people who supply labor for the production of goods and services during a specified period.
  • Panama labor force participation rate for 2019 was 44.82%, a 0.05% increase from 2018.
  • Panama labor force participation rate for 2018 was 44.77%, a 1.48% increase from 2017.
  • Panama labor force participation rate for 2017 was 43.29%, a 0.26% decline from 2016.
  • Panama labor force participation rate for 2016 was 43.55%, a 0.41% increase from 2015.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Participation Rate for Ages 15-24
Iceland 77.55%
Netherlands 69.92%
Australia 67.64%
Switzerland 66.47%
Canada 64.65%
New Zealand 63.79%
Qatar 63.68%
Denmark 61.00%
United Kingdom 56.36%
Austria 56.09%
Norway 55.68%
Bahamas 55.38%
Sweden 55.34%
Guam 55.07%
Malta 54.12%
Finland 53.90%
UAE 53.41%
United States 52.37%
Germany 51.40%
Uruguay 48.88%
Japan 48.85%
Channel Islands 48.48%
Ireland 47.02%
Israel 46.85%
Macao 46.61%
New Caledonia 46.42%
Barbados 45.34%
Panama 44.82%
Estonia 44.29%
Singapore 42.44%
Hong Kong 41.59%
Bahrain 41.17%
Trinidad and Tobago 40.04%
Cyprus 39.61%
French Polynesia 39.49%
Argentina 38.44%
Brunei 38.24%
Lithuania 37.61%
France 37.60%
Oman 37.22%
Latvia 36.28%
Poland 35.81%
Slovenia 35.81%
Virgin Islands (U.S.) 35.13%
Luxembourg 34.80%
Portugal 34.58%
Croatia 34.07%
Spain 33.55%
Chile 32.39%
Hungary 32.03%
Belgium 30.91%
Slovak Republic 29.77%
Czech Republic 29.71%
South Korea 28.09%
Kuwait 26.27%
Italy 26.04%
Greece 23.40%
Puerto Rico 19.85%
Saudi Arabia 19.06%
Panama Labor Force Participation Rate - Historical Data
Year Participation Rate for Ages 15-24 Annual Change
2019 44.82% 0.05%
2018 44.77% 1.48%
2017 43.29% -0.26%
2016 43.55% 0.41%
2015 43.14% -0.94%
2014 44.08% -2.38%
2013 46.46% 0.76%
2012 45.70% 3.14%
2011 42.56% -2.66%
2010 45.22% -2.60%
2009 47.82% -2.51%
2008 50.33% 2.29%
2007 48.04% 0.48%
2006 47.56% -2.23%
2005 49.79% 0.21%
2004 49.58% -0.62%
2003 50.20% 0.95%
2002 49.25% -0.66%
2001 49.91% -0.65%
2000 50.56% -0.63%
1999 51.19% 0.23%
1998 50.96% 0.25%
1997 50.71% -0.40%
1996 51.11% -0.39%
1995 51.50% 0.21%
1994 51.29% -0.33%
1993 51.62% 1.68%
1992 49.94% 1.74%
1991 48.20% -0.25%
1990 48.45% -0.25%