Panama Labor Force Participation Rate 1991-2024
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 2023 was 46.01%, a 0.22% increase from 2022.
- Panama labor force participation rate for 2022 was 45.79%, a 0.31% increase from 2021.
- Panama labor force participation rate for 2021 was 45.48%, a 2% increase from 2020.
- Panama labor force participation rate for 2020 was 43.48%, a 2.96% decline from 2019.
| Similar Country Ranking | |
|---|---|
| Country Name | Participation Rate for Ages 15-24 |
| Iceland | 76.74% |
| Netherlands | 71.41% |
| New Zealand | 68.93% |
| Australia | 67.83% |
| Norway | 65.12% |
| Switzerland | 64.63% |
| Canada | 64.28% |
| Denmark | 63.95% |
| Qatar | 60.64% |
| Austria | 59.29% |
| Sweden | 58.68% |
| United Kingdom | 55.03% |
| Finland | 54.94% |
| Ireland | 54.56% |
| Germany | 54.33% |
| Malta | 54.17% |
| United States | 51.04% |
| Japan | 49.84% |
| Channel Islands | 49.44% |
| Bahamas | 48.41% |
| Israel | 47.61% |
| Panama | 46.01% |
| Uruguay | 45.93% |
| UAE | 45.86% |
| Guam | 45.05% |
| Estonia | 44.08% |
| Cyprus | 43.65% |
| France | 42.76% |
| Barbados | 42.37% |
| Bahrain | 41.18% |
| Macao | 39.78% |
| Brunei | 38.35% |
| French Polynesia | 38.20% |
| Argentina | 37.73% |
| Oman | 36.74% |
| Trinidad and Tobago | 36.58% |
| Slovenia | 36.34% |
| New Caledonia | 35.83% |
| Singapore | 35.61% |
| Portugal | 35.46% |
| Luxembourg | 35.05% |
| Latvia | 34.74% |
| Lithuania | 34.00% |
| Virgin Islands (U.S.) | 33.80% |
| Spain | 32.94% |
| Poland | 32.11% |
| Hong Kong | 31.98% |
| Belgium | 31.45% |
| Hungary | 31.16% |
| Croatia | 30.49% |
| Chile | 29.93% |
| Czech Republic | 28.52% |
| Saudi Arabia | 27.72% |
| Slovak Republic | 27.56% |
| South Korea | 27.04% |
| Italy | 26.39% |
| Greece | 24.85% |
| Kuwait | 24.43% |
| Puerto Rico | 23.02% |
| Panama Labor Force Participation Rate - Historical Data | ||
|---|---|---|
| Year | Participation Rate for Ages 15-24 | Annual Change |
| 2023 | 46.01% | 0.22% |
| 2022 | 45.79% | 0.31% |
| 2021 | 45.48% | 2.00% |
| 2020 | 43.48% | -2.96% |
| 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% | 1.69% |