Unemployment Rate in Panama increased to 7.10 percent in 2019 from 6 percent in 2018.

Unemployment Rate in Panama averaged 9.22 percent from 1963 until 2019, reaching an all time high of 16.30 percent in 1988 and a record low of 4.10 percent in 2012. This page provides - Panama Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Panama Unemployment Rate - values, historical data and charts - was last updated on May of 2020.

Unemployment Rate in Panama is expected to reach 8.10 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Panama Unemployment Rate is projected to trend around 7.90 percent in 2021 and 7.60 percent in 2022, according to our econometric models.

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Panama Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
7.10 6.00 16.30 4.10 1963 - 2019 percent Yearly

Panama Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.10 6.00 16.30 4.10 percent [+]
Population 4.22 4.16 4.22 1.13 Million [+]
Wages 1422.00 1359.00 1422.00 198.00 PAB/Month [+]


Panama Unemployment Rate
In Panama, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.