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 2022 was 45.41%, a 1.72% increase from 2021.
- Panama labor force participation rate for 2021 was 43.68%, a 0.59% increase from 2020.
- Panama labor force participation rate for 2020 was 43.10%, a 3.34% decline from 2019.
- Panama labor force participation rate for 2019 was 46.44%, a 0.83% increase from 2018.
| Similar Country Ranking | |
|---|---|
| Country Name | Participation Rate for Ages 15-24 |
| Iceland | 78.63% |
| Netherlands | 72.22% |
| Australia | 70.90% |
| New Zealand | 66.18% |
| Switzerland | 65.41% |
| Qatar | 65.04% |
| Canada | 64.39% |
| Norway | 63.85% |
| Denmark | 61.49% |
| Austria | 57.04% |
| Sweden | 56.75% |
| Malta | 56.59% |
| Ireland | 54.81% |
| Finland | 53.68% |
| Germany | 53.47% |
| United Kingdom | 51.59% |
| United States | 50.55% |
| Bahamas | 50.08% |
| Japan | 49.19% |
| Channel Islands | 49.02% |
| UAE | 47.75% |
| Estonia | 46.11% |
| Panama | 45.41% |
| Guam | 44.99% |
| Uruguay | 44.93% |
| Israel | 44.61% |
| Macao | 43.05% |
| Barbados | 42.99% |
| Cyprus | 41.49% |
| Bahrain | 41.35% |
| France | 40.39% |
| Brunei | 39.74% |
| French Polynesia | 38.61% |
| Oman | 37.93% |
| Singapore | 37.08% |
| Trinidad and Tobago | 37.04% |
| Lithuania | 36.99% |
| Argentina | 36.81% |
| Slovenia | 36.16% |
| New Caledonia | 36.12% |
| Croatia | 35.79% |
| Latvia | 35.66% |
| Hong Kong | 35.07% |
| Virgin Islands (U.S.) | 33.27% |
| Spain | 33.13% |
| Luxembourg | 32.37% |
| Poland | 31.42% |
| Belgium | 30.83% |
| Hungary | 30.37% |
| Portugal | 30.33% |
| Chile | 29.16% |
| South Korea | 29.00% |
| Czech Republic | 28.11% |
| Slovak Republic | 27.38% |
| Italy | 26.11% |
| Kuwait | 25.64% |
| Puerto Rico | 23.40% |
| Greece | 22.67% |
| Saudi Arabia | 20.70% |
| Panama Labor Force Participation Rate - Historical Data | ||
|---|---|---|
| Year | Participation Rate for Ages 15-24 | Annual Change |
| 2022 | 45.41% | 1.72% |
| 2021 | 43.68% | 0.59% |
| 2020 | 43.10% | -3.34% |
| 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% | 4.77% |
| 1990 | 43.61% | 4.77% |
