Panama Labor Force Participation Rate 1990-2023
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.
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% |