Unemployment Rate in Panama increased to 10.40 percent in 2025 from 9.50 percent in 2024. Unemployment Rate in Panama averaged 9.32 percent from 1963 until 2025, reaching an all time high of 16.30 percent in 1988 and a record low of 4.10 percent in 2012. source: Instituto Nacional de Estadística y Censo - Panamá

Unemployment Rate in Panama is expected to reach 11.00 percent by the end of 2026, according to Trading Economics global macro models and analysts expectations. In the long-term, the Panama Unemployment Rate is projected to trend around 11.20 percent in 2027 and 10.50 percent in 2028, according to our econometric models.



Related Last Previous Unit Reference
Minimum Wages 3.13 3.08 PAB/Hour Jan 2026
Population 4.57 4.52 Million Dec 2025
Unemployment Rate 10.40 9.50 percent Dec 2025
Wages 1288.00 1288.00 PAB/Month Dec 2024


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.
Actual Previous Highest Lowest Dates Unit Frequency
10.40 9.50 16.30 4.10 1963 - 2025 percent Yearly