Panama Youth Unemployment Rate 1991-2023
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 2022 was 20.19%, a 2.35% decline from 2021.
- Panama youth unemployment rate for 2021 was 22.54%, a 9.48% decline from 2020.
- Panama youth unemployment rate for 2020 was 32.02%, a 14.88% increase from 2019.
- Panama youth unemployment rate for 2019 was 17.14%, a 3.05% increase from 2018.
| Similar Country Ranking | |
|---|---|
| Country Name | % of Total Labor Force Ages 15-24 |
| New Caledonia | 38.02% |
| French Polynesia | 36.37% |
| Greece | 30.05% |
| Spain | 28.34% |
| Uruguay | 27.58% |
| Virgin Islands (U.S.) | 27.20% |
| Barbados | 24.49% |
| Italy | 23.93% |
| Brunei | 23.89% |
| Bahamas | 23.85% |
| Saudi Arabia | 23.77% |
| Sweden | 20.68% |
| Panama | 20.19% |
| Estonia | 20.15% |
| Slovak Republic | 19.30% |
| Cyprus | 18.69% |
| Argentina | 18.57% |
| Portugal | 17.80% |
| France | 17.75% |
| Croatia | 17.56% |
| Luxembourg | 17.54% |
| Chile | 17.25% |
| Belgium | 16.27% |
| Kuwait | 15.38% |
| Channel Islands | 14.79% |
| Finland | 14.47% |
| Guam | 13.64% |
| Latvia | 13.20% |
| Puerto Rico | 13.11% |
| Hong Kong | 12.96% |
| Trinidad and Tobago | 11.57% |
| Slovenia | 11.09% |
| Lithuania | 11.05% |
| Iceland | 10.73% |
| Hungary | 10.22% |
| Canada | 10.01% |
| United Kingdom | 9.94% |
| Norway | 9.64% |
| Austria | 9.40% |
| UAE | 9.29% |
| New Zealand | 9.23% |
| Ireland | 9.15% |
| Denmark | 8.78% |
| Poland | 8.71% |
| Australia | 8.29% |
| Malta | 8.27% |
| United States | 7.89% |
| Netherlands | 7.79% |
| Oman | 7.47% |
| Switzerland | 7.37% |
| Czech Republic | 7.08% |
| Macao | 7.05% |
| South Korea | 6.88% |
| Bahrain | 6.63% |
| Singapore | 6.12% |
| Israel | 6.03% |
| Germany | 5.75% |
| Japan | 4.23% |
| Qatar | 0.30% |
| Panama Youth Unemployment Rate - Historical Data | ||
|---|---|---|
| Year | % of Total Labor Force Ages 15-24 | Annual Change |
| 2022 | 20.19% | -2.35% |
| 2021 | 22.54% | -9.48% |
| 2020 | 32.02% | 14.88% |
| 2019 | 17.14% | 3.05% |
| 2018 | 14.09% | -0.74% |
| 2017 | 14.83% | 2.53% |
| 2016 | 12.30% | 0.62% |
| 2015 | 11.68% | 0.15% |
| 2014 | 11.53% | 1.63% |
| 2013 | 9.90% | 0.31% |
| 2012 | 9.59% | -1.51% |
| 2011 | 11.10% | -2.32% |
| 2010 | 13.43% | -0.12% |
| 2009 | 13.55% | 0.27% |
| 2008 | 13.28% | -0.01% |
| 2007 | 13.28% | -0.06% |
| 2006 | 13.34% | -0.06% |
| 2005 | 13.40% | 0.11% |
| 2004 | 13.29% | -0.09% |
| 2003 | 13.38% | 0.06% |
| 2002 | 13.32% | 0.00% |
| 2001 | 13.32% | 0.06% |
| 2000 | 13.26% | 0.05% |
| 1999 | 13.21% | 0.15% |
| 1998 | 13.06% | 0.00% |
| 1997 | 13.06% | 0.05% |
| 1996 | 13.02% | 0.05% |
| 1995 | 12.97% | 0.01% |
| 1994 | 12.95% | 0.12% |
| 1993 | 12.84% | 0.08% |
| 1992 | 12.76% | 0.05% |
| 1991 | 12.71% | 0.05% |
