Panama Labor Force Participation Rate 1990-2022

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 2021 was 42.99%, a 4.62% increase from 2020.
  • Panama labor force participation rate for 2020 was 38.37%, a 6.82% decline from 2019.
  • Panama labor force participation rate for 2019 was 45.19%, a 1.72% increase from 2018.
  • Panama labor force participation rate for 2018 was 43.47%, a 1.91% increase from 2017.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Participation Rate for Ages 15-24
Netherlands 78.66%
Iceland 70.99%
Qatar 68.71%
Australia 68.29%
Switzerland 64.61%
New Zealand 63.20%
Canada 62.74%
Norway 61.23%
Denmark 59.86%
Austria 56.36%
United Kingdom 56.27%
Germany 55.34%
Sweden 54.01%
Finland 52.45%
Malta 51.73%
Bahamas 50.89%
United States 50.49%
Channel Islands 48.71%
Japan 48.31%
UAE 48.19%
Ireland 47.05%
Uruguay 46.00%
Macao 44.89%
Israel 44.81%
Guam 44.06%
New Caledonia 43.03%
Panama 42.99%
Barbados 42.47%
Estonia 41.25%
Bahrain 40.75%
Cyprus 40.31%
Trinidad and Tobago 39.86%
Hong Kong 39.20%
Brunei 39.18%
Singapore 39.14%
Argentina 38.71%
France 38.62%
French Polynesia 38.03%
Luxembourg 37.21%
Oman 36.20%
Virgin Islands (U.S.) 35.17%
Lithuania 34.48%
Croatia 34.11%
Latvia 31.72%
Hungary 31.70%
Spain 31.36%
Poland 30.83%
Portugal 30.20%
Slovenia 29.99%
Belgium 29.45%
South Korea 28.23%
Czech Republic 26.82%
Slovak Republic 26.00%
Chile 25.60%
Kuwait 25.55%
Italy 24.76%
Saudi Arabia 23.33%
Puerto Rico 21.40%
Greece 20.22%
Panama Labor Force Participation Rate - Historical Data
Year Participation Rate for Ages 15-24 Annual Change
2021 42.99% 4.62%
2020 38.37% -6.82%
2019 45.19% 1.72%
2018 43.47% 1.91%
2017 41.56% 0.14%
2016 41.42% 0.01%
2015 41.41% -1.08%
2014 42.50% -2.10%
2013 44.60% 0.19%
2012 44.41% 2.86%
2011 41.55% -2.95%
2010 44.50% -5.41%
2009 49.91% 0.08%
2008 49.84% 2.64%
2007 47.20% 0.06%
2006 47.13% -1.94%
2005 49.07% -0.30%
2004 49.37% -0.27%
2003 49.64% 0.51%
2002 49.13% -0.57%
2001 49.71% -0.57%
2000 50.27% -0.57%
1999 50.84% 0.10%
1998 50.75% 0.09%
1997 50.66% -0.25%
1996 50.91% -0.25%
1995 51.16% -0.11%
1994 51.27% -0.62%
1993 51.89% 1.66%
1992 50.23% 1.66%
1991 48.57% -0.27%
1990 48.83% -0.27%