Account, in labor force in Panama

Panama: Account, in labor force was 73.0% in 2024. ▲ Rising

Latest (2024)
73.0%
Change on year
up 31.0%
World rank
67th
of 99 countries
All-time high
73.0%
in 2024
All-time low
34.6%
in 2011
Years of data
5
2011–2024

Account, in labor force in Panama, 2011–2024

0204060802011201720242011: 34.6 % age 15+2014: 53.4 % age 15+2017: 51.9 % age 15+2021: 55.7 % age 15+2024: 73 % age 15+

Source: Global Findex database. Measured in % age 15+.

Analysis

In 2024, account, in labor force in Panama stood at 73.0%. That is the highest value across all 5 years on record.

That represents a change of up 31.0% on the previous year and up 36.7% over ten years.

Over the whole period, account, in labor force in Panama peaked at 73.0% in 2024 and was at its lowest, 34.6%, in 2011.

Panama ranks 67th of 99 countries on this measure, in the middle of the range.

Account, in labor force in Panama, year by year

Annual values for Account, in labor force (% age 15+) in Panama, 2011 to 2024.
Year % age 15+ Change
2011 34.6%
2014 53.4% +54.3%
2017 51.9% -2.8%
2021 55.7% +7.4%
2024 73.0% +31.0%

Panama compared with similar countries

  • Panama's 73.0% is below the median for high income countries, which is 98.5%, 74% of the median. (39 countries reporting)
  • Panama's 73.0% is above the median for Latin America & Caribbean, which is 70.1%, 1.0× the median. (16 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
2010s 46.7% 34.6% 53.4% 3
2020s 64.4% 55.7% 73.0% 2

Countries ranked near Panama

  1. 64 Uganda 78.5% compare
  2. 65 Vietnam 77.9% compare
  3. 66 Dominican Republic 75.2% compare
  4. 68 Albania 73.0% compare
  5. 69 Nigeria 71.1% compare
  6. 70 Azerbaijan 70.1% compare

See the full ranking of 111 places →

More reference data data for Panama

All data for Panama →

Frequently asked questions

What is account, in labor force in Panama?
Account, in labor force in Panama was 73.0% in 2024, according to Global Findex database.
What is the highest account, in labor force recorded in Panama?
The highest recorded value was 73.0% in 2024.
What is the lowest account, in labor force recorded in Panama?
The lowest recorded value was 34.6% in 2011.
How does Panama rank for account, in labor force?
Panama ranks 67th out of 99 countries with data for 2024.
Is account, in labor force rising or falling in Panama?
Over the last ten years it is up 36.7%. The long-run trend across the full record is rising.
Where does this Panama data come from?
The figures come from Global Findex database, published as part of Account, in labor force (% age 15+). Statizoid updates them automatically from the source API.

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Account, in labor force in Panama. Statizoid, drawing on Global Findex database. Retrieved 24 September 2026, from https://reference.statizoid.com/stat/account-in-labor-force-percent-age-15/panama/

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About this data

Indicator
Account, in labor force (% age 15+)
Unit
% age 15+
Source
Global Findex database
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
111 places, 555 data points, 2011–2024
Last refreshed

The percentage of respondents who report having an account (by themselves or together with someone else) at a bank or another type of financial institution (see the definition for "financial institution account") or report personally using a mobile money service in the past year (see the definition for "mobile money account"), in labor force (% age 15+)