Panama Youth Unemployment Rate 1991-2024
Youth unemployment refers to the share of the labor force ages 15-24 without work but available for and seeking employment.
- Panama youth unemployment rate for 2023 was 16.59%, a 2.6% decline from 2022.
- Panama youth unemployment rate for 2022 was 19.19%, a 3.26% decline from 2021.
- Panama youth unemployment rate for 2021 was 22.45%, a 9.43% decline from 2020.
- Panama youth unemployment rate for 2020 was 31.87%, a 14.74% increase from 2019.
| Similar Country Ranking | |
|---|---|
| Country Name | % of Total Labor Force Ages 15-24 |
| French Polynesia | 37.31% |
| New Caledonia | 32.57% |
| Spain | 28.70% |
| Greece | 26.57% |
| Uruguay | 26.16% |
| Virgin Islands (U.S.) | 25.55% |
| Barbados | 24.87% |
| Bahamas | 23.57% |
| Italy | 22.73% |
| Chile | 22.05% |
| Sweden | 21.57% |
| Portugal | 20.25% |
| Slovak Republic | 19.41% |
| Croatia | 19.24% |
| Luxembourg | 18.99% |
| Brunei | 18.62% |
| Argentina | 18.00% |
| Cyprus | 17.45% |
| France | 17.13% |
| Estonia | 17.09% |
| Panama | 16.59% |
| Saudi Arabia | 16.25% |
| Belgium | 16.09% |
| Finland | 15.92% |
| Kuwait | 14.99% |
| Lithuania | 13.90% |
| Puerto Rico | 13.65% |
| Channel Islands | 13.47% |
| Guam | 12.88% |
| Hungary | 12.76% |
| United Kingdom | 12.54% |
| Latvia | 12.50% |
| Denmark | 11.66% |
| Poland | 11.58% |
| Norway | 10.95% |
| Austria | 10.93% |
| New Zealand | 10.72% |
| UAE | 10.65% |
| Canada | 10.59% |
| Ireland | 10.54% |
| Hong Kong | 10.45% |
| Trinidad and Tobago | 10.12% |
| Slovenia | 9.91% |
| Malta | 9.34% |
| Iceland | 9.16% |
| Netherlands | 8.94% |
| Australia | 8.57% |
| Singapore | 8.29% |
| Czech Republic | 8.28% |
| Switzerland | 8.00% |
| United States | 7.90% |
| Macao | 6.97% |
| Oman | 6.85% |
| Israel | 6.03% |
| Germany | 5.96% |
| Bahrain | 5.82% |
| South Korea | 5.37% |
| Japan | 4.09% |
| Qatar | 0.60% |
| Panama Youth Unemployment Rate - Historical Data | ||
|---|---|---|
| Year | % of Total Labor Force Ages 15-24 | Annual Change |
| 2023 | 16.59% | -2.60% |
| 2022 | 19.19% | -3.26% |
| 2021 | 22.45% | -9.43% |
| 2020 | 31.87% | 14.74% |
| 2019 | 17.14% | 3.05% |
| 2018 | 14.09% | -0.74% |
| 2017 | 14.83% | 2.53% |
| 2016 | 12.30% | 0.61% |
| 2015 | 11.69% | 0.16% |
| 2014 | 11.53% | 1.63% |
| 2013 | 9.90% | 0.31% |
| 2012 | 9.59% | -1.51% |
| 2011 | 11.11% | -2.32% |
| 2010 | 13.43% | 0.12% |
| 2009 | 13.31% | 0.33% |
| 2008 | 12.97% | -0.17% |
| 2007 | 13.14% | -0.19% |
| 2006 | 13.33% | -0.23% |
| 2005 | 13.55% | -0.09% |
| 2004 | 13.65% | -0.32% |
| 2003 | 13.97% | 0.00% |
| 2002 | 13.97% | 0.05% |
| 2001 | 13.91% | 0.23% |
| 2000 | 13.69% | 0.13% |
| 1999 | 13.56% | 0.07% |
| 1998 | 13.49% | -0.21% |
| 1997 | 13.70% | -0.06% |
| 1996 | 13.76% | 0.11% |
| 1995 | 13.65% | 0.18% |
| 1994 | 13.47% | 0.27% |
| 1993 | 13.20% | 0.09% |
| 1992 | 13.11% | -0.21% |
| 1991 | 13.32% | -0.21% |