Unemployment rate in Panama 1980-2030

The unemployment rate in Panama was estimated at approximately 8.40 percent in 2024. Between 1980 and 2024, the rate rose by around 0.02 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The rate is forecast to decline by about 0.70 percentage points from 2024 to 2030, fluctuating as it trends downward.

This indicator describes the unemployment rate, which can be defined by either the national definition, the ILO harmonized definition, or the OECD harmonized definition. The latter defines it as the number of unemployed people divided by the total labor force.