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.
| 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% |
