Unemployment Rate in Panama increased to 9.50 percent in 2024 from 7.40 percent in 2023. Unemployment Rate in Panama averaged 9.30 percent from 1963 until 2024, 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 9.90 percent by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Panama Unemployment Rate is projected to trend around 7.50 percent in 2026 and 6.00 percent in 2027, according to our econometric models.