Account, out of labor force in Panama

Panama: Account, out of labor force was 50.7% in 2024. β–² Rising

Latest (2024)
50.7%
Change on year
up 58.5%
World rank
66th
of 98 countries
All-time high
50.7%
in 2024
All-time low
17.1%
in 2011
Years of data
5
2011–2024

Account, out of labor force in Panama, 2011–2024

203040502011201720242011: 17.1 % age 15+2014: 28.5 % age 15+2017: 38.5 % age 15+2021: 32 % age 15+2024: 50.7 % age 15+

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

Analysis

In 2024, account, out of labor force in Panama stood at 50.7%. That is the highest value across all 5 years on record.

That represents a change of up 58.5% on the previous year and up 77.9% over ten years.

Over the whole period, account, out of labor force in Panama peaked at 50.7% in 2024 and was at its lowest, 17.1%, in 2011.

Panama ranks 66th of 98 countries on this measure, in the middle of the range.

Averages by decade

DecadeAverage LowestHighest Years
2010s 28.0% 17.1% 38.5% 3
2020s 41.3% 32.0% 50.7% 2

Countries ranked near Panama

  1. 63 Uganda 52.2% compare
  2. 64 Kosovo 52.1% compare
  3. 65 Togo 51.7% compare
  4. 67 Tanzania 49.2% compare
  5. 68 Botswana 49.1% compare
  6. 69 Dominican Republic 47.4% compare

See the full ranking of 110 places β†’

More reference data data for Panama

All data for Panama β†’

Frequently asked questions

What is account, out of labor force in Panama?
Account, out of labor force in Panama was 50.7% in 2024, according to Global Findex database.
What is the highest account, out of labor force recorded in Panama?
The highest recorded value was 50.7% in 2024.
What is the lowest account, out of labor force recorded in Panama?
The lowest recorded value was 17.1% in 2011.
How does Panama rank for account, out of labor force?
Panama ranks 66th out of 98 countries with data for 2024.
Is account, out of labor force rising or falling in Panama?
Over the last ten years it is up 77.9%. 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, out of labor force (% age 15+). Statizoid updates them automatically from the source API.

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Account, out of labor force in Panama. Statizoid, drawing on Global Findex database. Retrieved 18 August 2026, from https://reference.statizoid.com/stat/account-out-of-labor-force-percent-age-15/panama/

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About this data

Indicator
Account, out of labor force (% age 15+)
Unit
% age 15+
Source
Global Findex database
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
110 places, 550 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"), out of labor force (% age 15+)