Panama Labor Force Participation Rate 1990-2024

Labor force participation rate for ages 15-24 is the proportion of the population ages 15-24 that is economically active: all people who supply labor for the production of goods and services during a specified period.
  • Panama labor force participation rate for 2022 was 45.41%, a 1.72% increase from 2021.
  • Panama labor force participation rate for 2021 was 43.68%, a 0.59% increase from 2020.
  • Panama labor force participation rate for 2020 was 43.10%, a 3.34% decline from 2019.
  • Panama labor force participation rate for 2019 was 46.44%, a 0.83% increase from 2018.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Participation Rate for Ages 15-24
Iceland 78.63%
Netherlands 72.22%
Australia 70.90%
New Zealand 66.18%
Switzerland 65.41%
Qatar 65.04%
Canada 64.39%
Norway 63.85%
Denmark 61.49%
Austria 57.04%
Sweden 56.75%
Malta 56.59%
Ireland 54.81%
Finland 53.68%
Germany 53.47%
United Kingdom 51.59%
United States 50.55%
Bahamas 50.08%
Japan 49.19%
Channel Islands 49.02%
UAE 47.75%
Estonia 46.11%
Panama 45.41%
Guam 44.99%
Uruguay 44.93%
Israel 44.61%
Macao 43.05%
Barbados 42.99%
Cyprus 41.49%
Bahrain 41.35%
France 40.39%
Brunei 39.74%
French Polynesia 38.61%
Oman 37.93%
Singapore 37.08%
Trinidad and Tobago 37.04%
Lithuania 36.99%
Argentina 36.81%
Slovenia 36.16%
New Caledonia 36.12%
Croatia 35.79%
Latvia 35.66%
Hong Kong 35.07%
Virgin Islands (U.S.) 33.27%
Spain 33.13%
Luxembourg 32.37%
Poland 31.42%
Belgium 30.83%
Hungary 30.37%
Portugal 30.33%
Chile 29.16%
South Korea 29.00%
Czech Republic 28.11%
Slovak Republic 27.38%
Italy 26.11%
Kuwait 25.64%
Puerto Rico 23.40%
Greece 22.67%
Saudi Arabia 20.70%
Panama Labor Force Participation Rate - Historical Data
Year Participation Rate for Ages 15-24 Annual Change
2022 45.41% 1.72%
2021 43.68% 0.59%
2020 43.10% -3.34%
2019 46.44% 0.83%
2018 45.61% 1.99%
2017 43.63% 0.07%
2016 43.55% 0.38%
2015 43.17% -1.51%
2014 44.69% -1.76%
2013 46.45% 0.54%
2012 45.91% 2.53%
2011 43.38% -3.62%
2010 47.00% -2.76%
2009 49.76% 0.01%
2008 49.76% 2.62%
2007 47.14% 0.13%
2006 47.01% -1.91%
2005 48.92% -0.35%
2004 49.27% -0.24%
2003 49.51% 0.45%
2002 49.06% -0.54%
2001 49.59% -0.54%
2000 50.13% -0.54%
1999 50.67% 0.14%
1998 50.53% 0.06%
1997 50.47% -0.24%
1996 50.70% -0.24%
1995 50.94% -0.10%
1994 51.04% -0.72%
1993 51.76% 1.69%
1992 50.07% 1.69%
1991 48.38% 4.77%
1990 43.61% 4.77%