55
Panama
Q4 2021
Total Labor Force (000s)
2,003
Employed Workers (000s) 1,633
Unemployed Workers (000s) 371
Unemployment Rate 18.5%
69% - First Vaccine Dose
(December 2021)
Covid Update
▪ Masks are required in
public spaces.
▪ Vaccinations are not
mandatory.
▪ Insurers in Panama are
beginning to only allow
renewals of insurance for
clients with at least their
first dose of vaccine.
Other Cost Considerations - Tax
Indicative Wages (USD)
s s
Labor Force Participation Rate by Selected Age Group Working Population (in Thousands) Over Time
Unemployment Rate Over Time
Labor Force Statistics
ILOSTAT
Monthly Hourly
Key Sources:
https://wageindicator.org/
https://ilostat.ilo.org/
https://www.worldbank.org/
https://tradingeconomics.com/
https://home.kpmg/xx/en/home.html
https://taxsummaries.pwc.com/
'https://www.inec.gob.pa
