Panama Unemployment Rate 1991-2022

Unemployment refers to the share of the labor force that is without work but available for and seeking employment.
  • Panama unemployment rate for 2021 was 12.09%, a 0.77% decline from 2020.
  • Panama unemployment rate for 2020 was 12.85%, a 8.13% increase from 2019.
  • Panama unemployment rate for 2019 was 4.73%, a 0.89% increase from 2018.
  • Panama unemployment rate for 2018 was 3.83%, a 0.03% decline from 2017.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Unemployment Rate (%)
New Caledonia 16.57%
Greece 14.80%
Spain 14.73%
French Polynesia 14.39%
Virgin Islands (U.S.) 13.27%
Bahamas 13.24%
Panama 12.09%
Argentina 10.90%
Uruguay 10.45%
Barbados 10.41%
Italy 9.83%
Chile 9.13%
Croatia 8.68%
Sweden 8.66%
Puerto Rico 8.27%
France 8.06%
Lithuania 7.90%
Brunei 7.65%
Latvia 7.60%
Finland 7.53%
Canada 7.51%
Channel Islands 7.37%
Saudi Arabia 7.36%
Guam 6.98%
Slovak Republic 6.74%
Portugal 6.65%
Ireland 6.63%
Belgium 6.42%
Estonia 6.33%
Austria 6.30%
Cyprus 6.13%
United States 5.46%
Iceland 5.40%
Switzerland 5.32%
Hong Kong 5.32%
Luxembourg 5.23%
Australia 5.11%
Israel 5.05%
Norway 4.99%
Trinidad and Tobago 4.81%
Denmark 4.80%
United Kingdom 4.53%
Slovenia 4.42%
New Zealand 4.12%
Hungary 4.12%
Netherlands 4.01%
Kuwait 3.71%
Singapore 3.62%
Germany 3.54%
South Korea 3.53%
Malta 3.50%
Poland 3.37%
UAE 3.36%
Oman 3.12%
Macao 3.01%
Czech Republic 2.89%
Japan 2.80%
Bahrain 1.87%
Qatar 0.26%
Panama Unemployment Rate - Historical Data
Year Unemployment Rate (%) Annual Change
2021 12.09% -0.77%
2020 12.85% 8.13%
2019 4.73% 0.89%
2018 3.83% -0.03%
2017 3.86% 0.60%
2016 3.26% 0.29%
2015 2.98% 0.27%
2014 2.71% 0.42%
2013 2.29% -0.10%
2012 2.39% 0.01%
2011 2.38% -1.34%
2010 3.72% -0.13%
2009 3.85% 0.11%
2008 3.74% 0.06%
2007 3.69% -0.02%
2006 3.70% -0.05%
2005 3.75% 0.01%
2004 3.74% -0.05%
2003 3.79% 0.01%
2002 3.79% -0.03%
2001 3.82% 0.00%
2000 3.81% 0.00%
1999 3.82% 0.05%
1998 3.77% 0.00%
1997 3.77% -0.01%
1996 3.78% -0.01%
1995 3.79% -0.02%
1994 3.81% 0.01%
1993 3.80% 0.04%
1992 3.76% 0.03%
1991 3.73% 0.03%