Panama Youth Unemployment Rate 1991-2022

Youth unemployment refers to the share of the labor force ages 15-24 without work but available for and seeking employment.
  • Panama youth unemployment rate for 2021 was 29.96%, a 2.01% decline from 2020.
  • Panama youth unemployment rate for 2020 was 31.97%, a 19.02% increase from 2019.
  • Panama youth unemployment rate for 2019 was 12.95%, a 2.7% increase from 2018.
  • Panama youth unemployment rate for 2018 was 10.25%, a 0.51% decline from 2017.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name % of Total Labor Force Ages 15-24
New Caledonia 40.97%
French Polynesia 38.91%
Spain 36.93%
Greece 36.87%
Uruguay 32.86%
Italy 30.92%
Bahamas 30.78%
Barbados 30.58%
Panama 29.96%
Argentina 29.89%
Saudi Arabia 28.84%
Virgin Islands (U.S.) 27.02%
Kuwait 25.48%
Sweden 24.54%
Croatia 23.63%
Brunei 23.41%
Portugal 23.13%
Slovak Republic 21.47%
Chile 21.39%
France 20.09%
Belgium 19.57%
Lithuania 19.02%
Puerto Rico 18.47%
Finland 18.05%
Ireland 17.43%
Estonia 17.14%
Channel Islands 15.78%
Latvia 15.53%
Guam 15.31%
Luxembourg 15.23%
Hong Kong 14.97%
Oman 14.58%
Canada 14.04%
Slovenia 13.91%
Hungary 13.52%
Poland 13.42%
Iceland 13.36%
United Kingdom 13.23%
Norway 13.02%
Trinidad and Tobago 12.68%
Cyprus 11.83%
New Zealand 11.39%
Austria 11.37%
Australia 10.80%
UAE 10.67%
Denmark 10.13%
Bahrain 9.90%
Malta 9.78%
Netherlands 9.61%
United States 9.57%
Macao 9.24%
Singapore 9.12%
Switzerland 9.11%
Israel 8.79%
South Korea 7.78%
Czech Republic 7.62%
Germany 6.95%
Japan 4.36%
Qatar 1.08%
Panama Youth Unemployment Rate - Historical Data
Year % of Total Labor Force Ages 15-24 Annual Change
2021 29.96% -2.01%
2020 31.97% 19.02%
2019 12.95% 2.70%
2018 10.25% -0.51%
2017 10.76% 2.55%
2016 8.21% 0.16%
2015 8.05% 1.12%
2014 6.94% 0.68%
2013 6.25% -0.16%
2012 6.41% 0.06%
2011 6.35% -2.03%
2010 8.39% -0.13%
2009 8.52% 0.16%
2008 8.36% -0.02%
2007 8.38% -0.07%
2006 8.45% -0.06%
2005 8.50% 0.05%
2004 8.45% -0.09%
2003 8.54% 0.01%
2002 8.52% -0.02%
2001 8.54% 0.03%
2000 8.52% 0.03%
1999 8.49% 0.08%
1998 8.41% 0.02%
1997 8.38% 0.02%
1996 8.37% 0.02%
1995 8.35% 0.00%
1994 8.35% 0.08%
1993 8.27% 0.05%
1992 8.22% 0.03%
1991 8.20% 0.03%