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
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 0.59 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.
Panama has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Costa Rica | Panama | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 3.54 international-$ in 2021 prices | 4.72 international-$ in 2021 prices | 1.18 international-$ in 2021 prices | Panama |
| 2000s | 4.76 international-$ in 2021 prices | 4.99 international-$ in 2021 prices | 0.2324 international-$ in 2021 prices | Panama |
| 2010s | 7.45 international-$ in 2021 prices | 8.08 international-$ in 2021 prices | 0.6316 international-$ in 2021 prices | Panama |
| 2020s | 9.72 international-$ in 2021 prices | 10.67 international-$ in 2021 prices | 0.9474 international-$ in 2021 prices | Panama |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher average hourly earnings of employees, Costa Rica or Panama?
- Panama, at 10.32 international-$ in 2021 prices against 9.73 international-$ in 2021 prices in Costa Rica as of 2024.
- What is the difference in average hourly earnings of employees between Costa Rica and Panama?
- 0.59 international-$ in 2021 prices, with Panama ahead.
- How many years of comparable data are there for Costa Rica and Panama?
- 25 years are reported by both, from 1991 to 2024.
- How do Costa Rica and Panama rank globally for average hourly earnings of employees?
- Costa Rica ranks 25th and Panama ranks 22nd of 64 countries.
- Where does this data come from?
- International Labour Organization (2026) β with major processing by Our World in Data, published as Average hourly earnings of employees. Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Gross remuneration for time worked or work done, vacation, and other types of paid leave.