Labor force participation rate in Panama 2024

Published by
Aaron O'Neill,
Jun 4, 2025
The labor participation rate among the total population aged between 15 and 64 in Panama saw no significant changes in 2024 in comparison to the previous year 2023 and remained at around 70.61 percent.
The labor force participation rate refers to the share of the population aged 15 years and over who are economically active. Unemployed people actively searching for work are included, whereas the long-term unemployed (economically inactive) are not. It is calculated by dividing the total number of workers aged 15 and over by the total population aged 15 and over.

Find more key insights for the labor participation rate among the total population aged between 15 and 64 in countries like Costa Rica and Nicaragua.
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Panama: Labor force participation rate from 2014 to 2024

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Source

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Release date

March 2025

Region

Panama

Survey time period

2014 to 2024

Supplementary notes

The labor force participation rate is the proportion of the population ages 15-64 that is economically active: all people who supply labor for the production of goods and services during a specified period.

Figures represent a modeled ILO estimate.

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