Panama Labor Force Participation Rate 1991-2024
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 2023 was 46.01%, a 0.22% increase from 2022.
- Panama labor force participation rate for 2022 was 45.79%, a 0.31% increase from 2021.
- Panama labor force participation rate for 2021 was 45.48%, a 2% increase from 2020.
- Panama labor force participation rate for 2020 was 43.48%, a 2.96% decline from 2019.
Panama Labor Force Participation Rate - Historical Data |
Year |
Participation Rate for Ages 15-24 |
Annual Change |
2023 |
46.01% |
0.22% |
2022 |
45.79% |
0.31% |
2021 |
45.48% |
2.00% |
2020 |
43.48% |
-2.96% |
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% |
1.69% |