Panama Unemployment Rate 1991-2021

Unemployment refers to the share of the labor force that is without work but available for and seeking employment.
  • Panama unemployment rate for 2020 was 10.23%, a 5.49% increase from 2019.
  • Panama unemployment rate for 2019 was 4.74%, a 0.85% increase from 2018.
  • Panama unemployment rate for 2018 was 3.89%, a 0.01% decline from 2017.
  • Panama unemployment rate for 2017 was 3.90%, a 0.58% increase from 2016.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Unemployment Rate (%)
Greece 16.85%
New Caledonia 16.52%
Spain 15.67%
Bahamas 14.41%
French Polynesia 13.81%
Barbados 12.79%
Uruguay 12.67%
Virgin Islands (U.S.) 11.84%
Argentina 11.67%
Chile 11.51%
Puerto Rico 11.17%
Panama 10.23%
Canada 9.48%
Italy 9.31%
France 8.62%
Sweden 8.45%
Lithuania 8.43%
Brunei 8.37%
United States 8.31%
Saudi Arabia 8.22%
Latvia 8.19%
Channel Islands 8.16%
Finland 7.83%
Guam 7.51%
Cyprus 7.21%
Croatia 7.20%
Portugal 7.20%
Luxembourg 6.96%
Slovak Republic 6.79%
Kuwait 6.79%
Trinidad and Tobago 6.74%
Australia 6.61%
Estonia 6.46%
Belgium 6.01%
Ireland 5.92%
Hong Kong 5.80%
Austria 5.77%
Denmark 5.66%
Singapore 5.19%
Slovenia 5.17%
Iceland 5.01%
UAE 5.00%
Oman 4.97%
Switzerland 4.94%
Norway 4.62%
Israel 4.61%
New Zealand 4.55%
Hungary 4.35%
United Kingdom 4.34%
Germany 4.31%
Malta 4.09%
Bahrain 4.09%
Netherlands 4.09%
South Korea 4.07%
Poland 3.55%
Qatar 3.45%
Japan 2.97%
Czech Republic 2.94%
Macao 2.50%
Panama Unemployment Rate - Historical Data
Year Unemployment Rate (%) Annual Change
2020 10.23% 5.49%
2019 4.74% 0.85%
2018 3.89% -0.01%
2017 3.90% 0.58%
2016 3.32% 0.32%
2015 3.00% 0.28%
2014 2.72% 0.42%
2013 2.30% -0.09%
2012 2.39% 0.08%
2011 2.31% -1.40%
2010 3.71% 0.03%
2009 3.68% 0.20%
2008 3.48% -0.04%
2007 3.52% -0.09%
2006 3.61% -0.10%
2005 3.71% -0.06%
2004 3.77% -0.04%
2003 3.81% 0.00%
2002 3.81% 0.03%
2001 3.78% -0.01%
2000 3.79% -0.02%
1999 3.81% 0.03%
1998 3.78% 0.00%
1997 3.78% -0.01%
1996 3.79% 0.00%
1995 3.79% 0.00%
1994 3.79% 0.03%
1993 3.76% 0.08%
1992 3.68% 0.05%
1991 3.63% 0.05%