Panama Unemployment Rate 1991-2024

Unemployment refers to the share of the labor force that is without work but available for and seeking employment.
  • Panama unemployment rate for 2022 was 8.79%, a 1.51% decline from 2021.
  • Panama unemployment rate for 2021 was 10.30%, a 3.81% decline from 2020.
  • Panama unemployment rate for 2020 was 14.11%, a 7.78% increase from 2019.
  • Panama unemployment rate for 2019 was 6.33%, a 1.11% increase from 2018.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Unemployment Rate (%)
French Polynesia 13.10%
Spain 13.01%
Virgin Islands (U.S.) 12.38%
New Caledonia 12.27%
Greece 12.16%
Bahamas 10.06%
Panama 8.79%
Barbados 8.20%
Italy 8.09%
Uruguay 7.84%
Chile 7.78%
France 7.45%
Sweden 7.36%
Brunei 7.20%
Cyprus 6.98%
Channel Islands 6.92%
Finland 6.80%
Croatia 6.75%
Argentina 6.49%
Latvia 6.43%
Guam 6.13%
Slovak Republic 6.09%
Puerto Rico 5.97%
Estonia 5.85%
Portugal 5.78%
Saudi Arabia 5.64%
Belgium 5.63%
Lithuania 5.57%
Canada 5.21%
Hong Kong 5.06%
Austria 4.71%
Luxembourg 4.70%
Ireland 4.36%
Switzerland 4.20%
Slovenia 4.18%
Denmark 4.17%
Trinidad and Tobago 3.98%
Iceland 3.81%
Australia 3.66%
United States 3.61%
United Kingdom 3.57%
Netherlands 3.54%
Israel 3.48%
Hungary 3.42%
New Zealand 3.25%
Norway 3.17%
Germany 2.99%
Malta 2.81%
South Korea 2.79%
Singapore 2.76%
UAE 2.75%
Japan 2.64%
Macao 2.63%
Poland 2.60%
Kuwait 2.48%
Czech Republic 2.37%
Oman 2.33%
Bahrain 1.40%
Qatar 0.10%
Panama Unemployment Rate - Historical Data
Year Unemployment Rate (%) Annual Change
2022 8.79% -1.51%
2021 10.30% -3.81%
2020 14.11% 7.78%
2019 6.33% 1.11%
2018 5.22% -0.17%
2017 5.39% 0.63%
2016 4.76% 0.39%
2015 4.37% -0.05%
2014 4.42% 0.72%
2013 3.70% -0.01%
2012 3.72% -0.33%
2011 4.05% -1.83%
2010 5.88% -0.14%
2009 6.01% 0.10%
2008 5.91% 0.06%
2007 5.84% -0.02%
2006 5.86% -0.09%
2005 5.95% 0.01%
2004 5.94% -0.07%
2003 6.01% 0.01%
2002 6.00% -0.05%
2001 6.04% -0.01%
2000 6.05% -0.02%
1999 6.07% 0.04%
1998 6.03% 0.01%
1997 6.02% -0.02%
1996 6.04% -0.02%
1995 6.06% -0.05%
1994 6.11% -0.01%
1993 6.12% 0.04%
1992 6.09% 0.02%
1991 6.06% 0.02%