Unemployment rate in Panama 1980 to 2030

Fluctuating decline between 1980 and 2025
Between 1980 and 2025 a total decrease by approximately 0.38 percentage points can be observed. The data emphasizes however that this decrease did not happen continuously.

Fluctuating decline between 2025 and 2030
The rate will amount to close to 7.70 percent in 2030, according to forecasts. Compared to 2025 this is an overall decrease by approximately 0.30 percentage points.

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 labour force.