Unemployment Rate in Panama decreased to 6 percent in 2018 from 6.10 percent in 2017.

Unemployment Rate in Panama averaged 9.33 percent from 1963 until 2018, reaching an all time high of 16.30 percent in 1988 and a record low of 4.20 percent in 2012. This page provides - Panama Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Unemployment Rate in Panama is expected to be 6.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Panama Unemployment Rate is projected to trend around 7.90 percent in 2020, according to our econometric models.

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Panama Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
6.00 6.10 16.30 4.20 1963 - 2018 percent Yearly

Panama Unemployment Rate
In Panama, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.

Panama Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.00 6.10 16.30 4.20 percent [+]
Population 4.16 4.10 4.16 1.13 Million [+]
Wages 1422.00 1359.00 1422.00 198.00 PAB/Month [+]