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Panama Labor Force Participation Rate 1960-2024

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 2022 was 45.79%, a 0.31% increase from 2021.
  • Panama labor force participation rate for 2021 was 45.48%, a 2% increase from 2020.
  • Panama labor force participation rate for 2020 was 43.48%, a 2.96% decline from 2019.
  • Panama labor force participation rate for 2019 was 46.44%, a 0.83% increase from 2018.
  
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Participation Rate for Ages 15-24
Iceland 77.93%
Netherlands 69.35%
Australia 68.33%
New Zealand 67.51%
Switzerland 65.02%
Canada 64.46%
Norway 64.30%
Denmark 62.80%
Qatar 59.13%
Sweden 56.92%
Austria 56.61%
United Kingdom 54.36%
Finland 53.92%
Germany 53.59%
Ireland 53.08%
Malta 51.37%
United States 50.53%
Channel Islands 49.49%
Japan 48.71%
Bahamas 48.29%
Israel 47.37%
Panama 45.79%
Guam 45.26%
Uruguay 45.09%
UAE 45.07%
Estonia 44.75%
Barbados 42.59%
Cyprus 42.32%
Bahrain 40.86%
France 40.33%
Macao 39.60%
Brunei 38.53%
French Polynesia 38.36%
Singapore 37.75%
Argentina 37.43%
Trinidad and Tobago 36.46%
Lithuania 36.31%
Oman 36.12%
Latvia 36.09%
Slovenia 35.89%
New Caledonia 35.69%
Croatia 34.98%
Virgin Islands (U.S.) 33.49%
Luxembourg 33.42%
Spain 32.71%
Hong Kong 31.94%
Belgium 31.10%
Portugal 31.10%
Poland 31.08%
Hungary 30.82%
Chile 29.68%
South Korea 28.86%
Czech Republic 27.60%
Saudi Arabia 27.46%
Slovak Republic 26.59%
Italy 26.00%
Kuwait 24.11%
Greece 23.49%
Puerto Rico 23.02%
Greenland 0.00%
British Virgin Islands 0.00%
Liechtenstein 0.00%
Northern Mariana Islands 0.00%
Gibraltar 0.00%
Palau 0.00%
San Marino 0.00%
Antigua and Barbuda 0.00%
Isle of Man 0.00%
Monaco 0.00%
Faroe Islands 0.00%
St. Martin (French part) 0.00%
Turks and Caicos Islands 0.00%
Bermuda 0.00%
Cayman Islands 0.00%
St. Kitts and Nevis 0.00%
Seychelles 0.00%
Andorra 0.00%
Curacao 0.00%
Sint Maarten (Dutch part) 0.00%
Aruba 0.00%
Panama Labor Force Participation Rate - Historical Data
Year Participation Rate for Ages 15-24 Annual Change
2022 45.79% 0.31%
2021 45.48% 2.00%
2020 43.48% -2.96%
2019 46.44% 0.83%
2018 45.61% 1.99%
2017 43.63% 0.07%
2016 43.55% 0.38%
2015 43.17% -1.51%
2014 44.69% -1.76%
2013 46.45% 0.54%
2012 45.91% 2.53%
2011 43.38% -3.62%
2010 47.00% -2.76%
2009 49.76% 0.01%
2008 49.76% 2.62%
2007 47.14% 0.13%
2006 47.01% -1.91%
2005 48.92% -0.35%
2004 49.27% -0.24%
2003 49.51% 0.45%
2002 49.06% -0.54%
2001 49.59% -0.54%
2000 50.13% -0.54%
1999 50.67% 0.14%
1998 50.53% 0.06%
1997 50.47% -0.24%
1996 50.70% -0.24%
1995 50.94% -0.10%
1994 51.04% -0.72%
1993 51.76% 1.69%
1992 50.07% 1.69%
1991 48.38% 48.38%
1990 0.00% 0.00%
1989 0.00% 0.00%
1988 0.00% 0.00%
1987 0.00% 0.00%
1986 0.00% 0.00%
1985 0.00% 0.00%
1984 0.00% 0.00%
1983 0.00% 0.00%
1982 0.00% 0.00%
1981 0.00% 0.00%
1980 0.00% 0.00%
1979 0.00% 0.00%
1978 0.00% 0.00%
1977 0.00% 0.00%
1976 0.00% 0.00%
1975 0.00% 0.00%
1974 0.00% 0.00%
1973 0.00% 0.00%
1972 0.00% 0.00%
1971 0.00% 0.00%
1970 0.00% 0.00%
1969 0.00% 0.00%
1968 0.00% 0.00%
1967 0.00% 0.00%
1966 0.00% 0.00%
1965 0.00% 0.00%
1964 0.00% 0.00%
1963 0.00% 0.00%
1962 0.00% 0.00%
1961 0.00% 0.00%
1960 0.00% 0.00%