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Panama Annual Unemployment Rate

Panama's annual unemployment rate fell to 6.52% in 2024, down from 6.54% in 2023, according to World Bank. This represents a decrease of 0.02% from the previous year. Panama has annual unemployment rate higher than the global median (6.52% vs median 5.23%). Compared with the median in Americas, Panama is higher (6.52% vs regional median 6.45%) and ranks 16th out of 33 countries in Americas.

Yearly Historical Data (1991-2024)

(in %)
Year Annual Unemployment Rate (%)
2024 6.52%
2023 6.54%
2022 8.09%
2021 10.18%
2020 14.66%
2019 6.26%
2018 5.16%
2017 5.34%
2016 4.72%
2015 4.34%
2014 4.39%
2013 3.67%
2012 3.69%
2011 4.03%
2010 5.84%
2009 5.86%
2008 5.65%
2007 5.69%
2006 5.82%
2005 6%
2004 6.13%
2003 6.35%
2002 6.36%
2001 6.37%
2000 6.26%
1999 6.23%
1998 6.23%
1997 6.41%
1996 6.52%
1995 6.53%
1994 6.43%
1993 6.36%
1992 6.3%
1991 6.44%
Panama Annual Unemployment Rate : Definition
Annual Unemployment Rate measures the percentage of Panama's labor force that is looking for work but does not have a job.
Indicator Last Value Prior Value Period
Female Labor Force Rate 52.66% 52.69% 2024