Panama Youth Unemployment Rate 1991-2024

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 2023 was 16.59%, a 2.6% decline from 2022.
  • Panama youth unemployment rate for 2022 was 19.19%, a 3.26% decline from 2021.
  • Panama youth unemployment rate for 2021 was 22.45%, a 9.43% decline from 2020.
  • Panama youth unemployment rate for 2020 was 31.87%, a 14.74% increase from 2019.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name % of Total Labor Force Ages 15-24
French Polynesia 37.31%
New Caledonia 32.57%
Spain 28.70%
Greece 26.57%
Uruguay 26.16%
Virgin Islands (U.S.) 25.55%
Barbados 24.87%
Bahamas 23.57%
Italy 22.73%
Chile 22.05%
Sweden 21.57%
Portugal 20.25%
Slovak Republic 19.41%
Croatia 19.24%
Luxembourg 18.99%
Brunei 18.62%
Argentina 18.00%
Cyprus 17.45%
France 17.13%
Estonia 17.09%
Panama 16.59%
Saudi Arabia 16.25%
Belgium 16.09%
Finland 15.92%
Kuwait 14.99%
Lithuania 13.90%
Puerto Rico 13.65%
Channel Islands 13.47%
Guam 12.88%
Hungary 12.76%
United Kingdom 12.54%
Latvia 12.50%
Denmark 11.66%
Poland 11.58%
Norway 10.95%
Austria 10.93%
New Zealand 10.72%
UAE 10.65%
Canada 10.59%
Ireland 10.54%
Hong Kong 10.45%
Trinidad and Tobago 10.12%
Slovenia 9.91%
Malta 9.34%
Iceland 9.16%
Netherlands 8.94%
Australia 8.57%
Singapore 8.29%
Czech Republic 8.28%
Switzerland 8.00%
United States 7.90%
Macao 6.97%
Oman 6.85%
Israel 6.03%
Germany 5.96%
Bahrain 5.82%
South Korea 5.37%
Japan 4.09%
Qatar 0.60%
Panama Youth Unemployment Rate - Historical Data
Year % of Total Labor Force Ages 15-24 Annual Change
2023 16.59% -2.60%
2022 19.19% -3.26%
2021 22.45% -9.43%
2020 31.87% 14.74%
2019 17.14% 3.05%
2018 14.09% -0.74%
2017 14.83% 2.53%
2016 12.30% 0.61%
2015 11.69% 0.16%
2014 11.53% 1.63%
2013 9.90% 0.31%
2012 9.59% -1.51%
2011 11.11% -2.32%
2010 13.43% 0.12%
2009 13.31% 0.33%
2008 12.97% -0.17%
2007 13.14% -0.19%
2006 13.33% -0.23%
2005 13.55% -0.09%
2004 13.65% -0.32%
2003 13.97% 0.00%
2002 13.97% 0.05%
2001 13.91% 0.23%
2000 13.69% 0.13%
1999 13.56% 0.07%
1998 13.49% -0.21%
1997 13.70% -0.06%
1996 13.76% 0.11%
1995 13.65% 0.18%
1994 13.47% 0.27%
1993 13.20% 0.09%
1992 13.11% -0.21%
1991 13.32% -0.21%