Costa Rica vs Panama: Average hourly earnings of employees

Costa Rica
9.73 international-$ in 2021 prices
in 2024
Panama
10.32 international-$ in 2021 prices
in 2024
Costa Rica rank
25th
Panama rank
22nd

Average hourly earnings of employees over time

  • Costa Rica
  • Panama
24681012199020072024

How they compare

Panama currently reports 10.32 international-$ in 2021 prices against 9.73 international-$ in 2021 prices in Costa Rica, a difference of 0.591 international-$ in 2021 prices.

That makes Panama's figure about 1.1 times Costa Rica's.

The two have swapped places 6 times across 25 shared years of data; in 1991 it was Panama ahead.

Costa Rica ranks 25th and Panama ranks 22nd of 64 countries.

Individual pages

About this data

Indicator
Average hourly earnings of employees
Unit
international-$ in 2021 prices
Source
International Labour Organization (2026) – with major processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
64 places, 923 data points, 1990–2025
Last refreshed

Gross remuneration for time worked or work done, vacation, and other types of paid leave.