Unemployment Rate in Panama increased to 18.50 percent in 2020 from 7.10 percent in 2019. source: Instituto Nacional de Estadística y Censo - Panamá

Unemployment Rate in Panama averaged 9.39 percent from 1963 until 2020, reaching an all time high of 18.50 percent in 2020 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 June of 2021.

Unemployment Rate in Panama is expected to reach 9.00 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Panama Unemployment Rate is projected to trend around 8.40 percent in 2022 and 6.90 percent in 2023, according to our econometric models.

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Panama Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
18.50 7.10 18.50 4.10 1963 - 2020 percent Yearly

Panama Labour Last Previous Highest Lowest Unit
Unemployment Rate 18.50 7.10 18.50 4.10 percent [+]
Population 4.30 4.22 4.30 1.13 Million [+]
Wages 1209.00 1422.00 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.