Bank or similar financial institution account, in laborforce in Panama

Panama: Bank or similar financial institution account, in laborforce was 70.4% in 2024. ▲ Rising

Latest (2024)
70.4%
Change on year
up 26.3%
World rank
64th
of 98 countries
All-time high
70.4%
in 2024
All-time low
34.6%
in 2011
Years of data
5
2011–2024

Bank or similar financial institution account, in laborforce in Panama, 2011–2024

0204060802011201720242011: 34.6 % age 15+2014: 53.2 % age 15+2017: 51.1 % age 15+2021: 55.7 % age 15+2024: 70.4 % age 15+

Source: World Bank. Measured in % age 15+.

Analysis

The most recent figure for bank or similar financial institution account, in laborforce in Panama is 70.4%, measured in 2024. That is the highest value across all 5 years on record.

The figure is up 26.3% on the previous year and up 32.4% over ten years.

Over the whole period, bank or similar financial institution account, in laborforce in Panama peaked at 70.4% in 2024 and was at its lowest, 34.6%, in 2011.

That places Panama 64th out of 98 countries with data for 2024, putting it in the middle of the range.

Bank or similar financial institution account, in laborforce in Panama, year by year

Annual values for Bank or similar financial institution account, in laborforce (% age 15+) in Panama, 2011 to 2024.
Year % age 15+ Change
2011 34.6%
2014 53.2% +53.6%
2017 51.1% -3.9%
2021 55.7% +9.0%
2024 70.4% +26.3%

Averages by decade

DecadeAverage LowestHighest Years
2010s 46.3% 34.6% 53.2% 3
2020s 63.1% 55.7% 70.4% 2

Countries ranked near Panama

  1. 61 Viet Nam 77.2% compare
  2. 62 Dominican Republic 74.5% compare
  3. 63 Albania 73.0% compare
  4. 65 Azerbaijan 70.1% compare
  5. 66 Nigeria 67.0% compare
  6. 67 Uzbekistan 65.4% compare

See the full ranking of 110 places →

More reference data data for Panama

All data for Panama →

Frequently asked questions

What is bank or similar financial institution account, in laborforce in Panama?
Bank or similar financial institution account, in laborforce in Panama was 70.4% in 2024, according to the World Bank.
What is the highest bank or similar financial institution account, in laborforce recorded in Panama?
The highest recorded value was 70.4% in 2024.
What is the lowest bank or similar financial institution account, in laborforce recorded in Panama?
The lowest recorded value was 34.6% in 2011.
How does Panama rank for bank or similar financial institution account, in laborforce?
Panama ranks 64th out of 98 countries with data for 2024.
Is bank or similar financial institution account, in laborforce rising or falling in Panama?
Over the last ten years it is up 32.4%. The long-run trend across the full record is rising.
Where does this Panama data come from?
The figures come from the World Bank, published as part of Bank or similar financial institution account, in laborforce (% age 15+). Statizoid updates them automatically from the source API.

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Bank or similar financial institution account, in laborforce in Panama. Statizoid. Retrieved 01 September 2026, from https://reference.statizoid.com/stat/bank-or-similar-financial-institution-account-in-laborforce-percent-age-15/panama/

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About this data

Indicator
Bank or similar financial institution account, in laborforce (% age 15+)
Unit
% age 15+
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
110 places, 550 data points, 2011–2024
Last refreshed