Average hourly earnings of employees in Panama
Panama: Average hourly earnings of employees was 10.32 international-$ in 2021 prices in 2024. ▲ Rising
Average hourly earnings of employees in Panama, 1991–2024
Source: International Labour Organization (2026) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
Panama recorded 10.32 international-$ in 2021 prices for average hourly earnings of employees in 2024.
That represents a change of up 0.9% on the previous year and up 38.0% over ten years.
Over the whole period, average hourly earnings of employees in Panama peaked at 11.74 international-$ in 2021 prices in 2020 and was at its lowest, 3.66 international-$ in 2021 prices, in 1991.
That places Panama 22nd out of 64 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 28 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.72 international-$ in 2021 prices | 3.66 international-$ in 2021 prices | 5.88 international-$ in 2021 prices | 5 |
| 2000s | 4.88 international-$ in 2021 prices | 4.2 international-$ in 2021 prices | 5.49 international-$ in 2021 prices | 8 |
| 2010s | 8.08 international-$ in 2021 prices | 5.62 international-$ in 2021 prices | 10.3 international-$ in 2021 prices | 10 |
| 2020s | 10.67 international-$ in 2021 prices | 9.33 international-$ in 2021 prices | 11.74 international-$ in 2021 prices | 5 |
Countries ranked near Panama
- 19 Bosnia and Herzegovina 12.31 international-$ in 2021 prices compare
- 20 Uruguay 10.52 international-$ in 2021 prices compare
- 21 Mauritius 10.46 international-$ in 2021 prices compare
- 23 Malaysia 10.18 international-$ in 2021 prices compare
- 24 Bolivia 10.14 international-$ in 2021 prices compare
- 25 Costa Rica 9.73 international-$ in 2021 prices compare
More reference data data for Panama
- Spring temperature anomalies 0.1111 °C (2026)
- Summer temperature anomalies 0.8502 °C (2026)
- Temperature anomalies by month 0.029 °C (2026)
- Universal right to vote in practice 2 (2025)
- Autumn temperature anomalies 0.2956 °C (2025)
- Winter temperature anomalies 0.1292 °C (2025)
- Consumer price index 128.14 2010 = 100 (2025)
- Universal right to vote 2 (2025)
- Competitive elections 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is average hourly earnings of employees in Panama?
- Average hourly earnings of employees in Panama was 10.32 international-$ in 2021 prices in 2024, according to International Labour Organization (2026) – with major processing by Our World in Data.
- What is the highest average hourly earnings of employees recorded in Panama?
- The highest recorded value was 11.74 international-$ in 2021 prices in 2020.
- What is the lowest average hourly earnings of employees recorded in Panama?
- The lowest recorded value was 3.66 international-$ in 2021 prices in 1991.
- How does Panama rank for average hourly earnings of employees?
- Panama ranks 22nd out of 64 countries with data for 2024.
- Is average hourly earnings of employees rising or falling in Panama?
- Over the last ten years it is up 38.0%. The long-run trend across the full record is rising.
- Where does this Panama data come from?
- The figures come from International Labour Organization (2026) – with major processing by Our World in Data, published as part of Average hourly earnings of employees. Statizoid updates them automatically from the source API.
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CSV · JSON — 28 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Gross remuneration for time worked or work done, vacation, and other types of paid leave.