Panama Unemployment Rate 1991-2024
Unemployment refers to the share of the labor force that is without work but available for and seeking employment.
- Panama unemployment rate for 2023 was 6.70%, a 1.5% decline from 2022.
- Panama unemployment rate for 2022 was 8.20%, a 2.25% decline from 2021.
- Panama unemployment rate for 2021 was 10.45%, a 3.73% decline from 2020.
- Panama unemployment rate for 2020 was 14.18%, a 7.85% increase from 2019.
| Similar Country Ranking | |
|---|---|
| Country Name | Unemployment Rate (%) |
| Spain | 12.14% |
| Virgin Islands (U.S.) | 12.09% |
| French Polynesia | 11.72% |
| New Caledonia | 11.22% |
| Greece | 11.00% |
| Bahamas | 9.20% |
| Chile | 9.04% |
| Uruguay | 8.35% |
| Barbados | 7.95% |
| Italy | 7.62% |
| Sweden | 7.59% |
| France | 7.32% |
| Finland | 7.16% |
| Lithuania | 6.96% |
| Panama | 6.70% |
| Latvia | 6.53% |
| Portugal | 6.49% |
| Estonia | 6.35% |
| Argentina | 6.18% |
| Croatia | 6.06% |
| Channel Islands | 5.98% |
| Cyprus | 5.96% |
| Puerto Rico | 5.96% |
| Slovak Republic | 5.84% |
| Belgium | 5.51% |
| Guam | 5.42% |
| Canada | 5.37% |
| Brunei | 5.27% |
| Austria | 5.24% |
| Luxembourg | 5.19% |
| Denmark | 5.14% |
| Saudi Arabia | 4.88% |
| Ireland | 4.34% |
| Trinidad and Tobago | 4.21% |
| Hungary | 4.13% |
| United Kingdom | 4.06% |
| Switzerland | 4.05% |
| Hong Kong | 3.93% |
| New Zealand | 3.74% |
| Australia | 3.67% |
| Slovenia | 3.63% |
| United States | 3.63% |
| Norway | 3.58% |
| Iceland | 3.56% |
| Netherlands | 3.56% |
| Singapore | 3.47% |
| Israel | 3.39% |
| Malta | 3.13% |
| Germany | 3.05% |
| Poland | 2.91% |
| UAE | 2.71% |
| South Korea | 2.64% |
| Czech Republic | 2.59% |
| Japan | 2.58% |
| Macao | 2.25% |
| Kuwait | 2.08% |
| Oman | 1.46% |
| Bahrain | 1.16% |
| Qatar | 0.13% |
| Panama Unemployment Rate - Historical Data | ||
|---|---|---|
| Year | Unemployment Rate (%) | Annual Change |
| 2023 | 6.70% | -1.50% |
| 2022 | 8.20% | -2.25% |
| 2021 | 10.45% | -3.73% |
| 2020 | 14.18% | 7.85% |
| 2019 | 6.33% | 1.11% |
| 2018 | 5.22% | -0.18% |
| 2017 | 5.40% | 0.64% |
| 2016 | 4.76% | 0.39% |
| 2015 | 4.37% | -0.04% |
| 2014 | 4.42% | 0.71% |
| 2013 | 3.71% | -0.01% |
| 2012 | 3.72% | -0.33% |
| 2011 | 4.05% | -1.82% |
| 2010 | 5.87% | 0.02% |
| 2009 | 5.85% | 0.15% |
| 2008 | 5.70% | -0.04% |
| 2007 | 5.74% | -0.11% |
| 2006 | 5.85% | -0.19% |
| 2005 | 6.04% | -0.13% |
| 2004 | 6.17% | -0.22% |
| 2003 | 6.39% | -0.03% |
| 2002 | 6.42% | -0.01% |
| 2001 | 6.43% | 0.11% |
| 2000 | 6.32% | 0.04% |
| 1999 | 6.29% | -0.01% |
| 1998 | 6.30% | -0.13% |
| 1997 | 6.42% | -0.10% |
| 1996 | 6.53% | 0.02% |
| 1995 | 6.51% | 0.07% |
| 1994 | 6.44% | 0.09% |
| 1993 | 6.35% | 0.05% |
| 1992 | 6.30% | -0.15% |
| 1991 | 6.45% | -0.15% |