Cyprus vs Panama: Public sector wage premium
Cyprus
0.2236 compared to formal wage employees
in 2018
Panama
0.2791 compared to formal wage employees
in 2021
Cyprus rank
12th
Panama rank
9th
Public sector wage premium over time
- Cyprus
- Panama
How they compare
Panama currently reports 0.2791 compared to formal wage employees against 0.2236 compared to formal wage employees in Cyprus, a difference of 0.0555 compared to formal wage employees.
That makes Panama's figure about 1.2 times Cyprus's.
Across all 12 years both countries report, Cyprus has been ahead every year.
Cyprus ranks 12th and Panama ranks 9th of 54 countries.
Cyprus has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Cyprus | Panama | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 0.3118 compared to formal wage employees | -0.0181 compared to formal wage employees | 0.3299 compared to formal wage employees | Cyprus |
| 2010s | 0.3145 compared to formal wage employees | -0.0378 compared to formal wage employees | 0.3523 compared to formal wage employees | Cyprus |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher public sector wage premium, Cyprus or Panama?
- Panama, at 0.2791 compared to formal wage employees against 0.2236 compared to formal wage employees in Cyprus as of 2021.
- What is the difference in public sector wage premium between Cyprus and Panama?
- 0.0555 compared to formal wage employees, with Panama ahead.
- How many years of comparable data are there for Cyprus and Panama?
- 12 years are reported by both, from 2005 to 2018.
- How do Cyprus and Panama rank globally for public sector wage premium?
- Cyprus ranks 12th and Panama ranks 9th of 54 countries.
- Where does this data come from?
- The World Bank, published as Public sector wage premium (compared to formal wage employees). Statizoid refreshes it automatically from the source and publishes the full history for both places.