Labor force participation rate, aged 15-24 in Panama

Panama: Labor force participation rate, aged 15-24 was 0.4% in 2021. ▬ Flat

Latest (2021)
0.4%
Change on year
down 12.3%
World rank
49th
of 108 countries
All-time high
0.5%
in 2008
All-time low
0.4%
in 2021
Years of data
26
1989–2021

Labor force participation rate, aged 15-24 in Panama, 1989–2021

00.20.40.61989200520211989: 0.487 % of labor force aged 15-241991: 0.419 % of labor force aged 15-241995: 0.456 % of labor force aged 15-241997: 0.455 % of labor force aged 15-241998: 0.472 % of labor force aged 15-241999: 0.465 % of labor force aged 15-242000: 0.44 % of labor force aged 15-242001: 0.427 % of labor force aged 15-242002: 0.446 % of labor force aged 15-242003: 0.461 % of labor force aged 15-242004: 0.463 % of labor force aged 15-242005: 0.488 % of labor force aged 15-242006: 0.469 % of labor force aged 15-242007: 0.48 % of labor force aged 15-242008: 0.502 % of labor force aged 15-242009: 0.494 % of labor force aged 15-242010: 0.475 % of labor force aged 15-242011: 0.437 % of labor force aged 15-242012: 0.461 % of labor force aged 15-242013: 0.463 % of labor force aged 15-242014: 0.446 % of labor force aged 15-242015: 0.437 % of labor force aged 15-242016: 0.44 % of labor force aged 15-242017: 0.441 % of labor force aged 15-242018: 0.461 % of labor force aged 15-242021: 0.405 % of labor force aged 15-24

Source: World Bank. Measured in % of labor force aged 15-24.

Analysis

The most recent figure for labor force participation rate, aged 15-24 in Panama is 0.4%, measured in 2021. That is the lowest value across all 26 years on record.

Compared with earlier readings it is down 12.3% on the previous year and down 7.4% over ten years.

Over the whole period, labor force participation rate, aged 15-24 in Panama peaked at 0.5% in 2008 and was at its lowest, 0.4%, in 2021.

That places Panama 49th out of 108 countries with data for 2021, putting it in the middle of the range.

Labor force participation rate, aged 15-24 in Panama, year by year

Annual values for Labor force participation rate, aged 15-24 (% of labor force aged 15-24) in Panama, 1989 to 2021.
Year % of labor force aged 15-24 Change
1989 0.5%
1991 0.4% -13.9%
1995 0.5% +8.8%
1997 0.5% -0.1%
1998 0.5% +3.5%
1999 0.5% -1.4%
2000 0.4% -5.3%
2001 0.4% -3.0%
2002 0.4% +4.5%
2003 0.5% +3.4%
2004 0.5% +0.3%
2005 0.5% +5.4%
2006 0.5% -3.8%
2007 0.5% +2.2%
2008 0.5% +4.7%
2009 0.5% -1.6%
2010 0.5% -3.9%
2011 0.4% -8.0%
2012 0.5% +5.4%
2013 0.5% +0.6%
2014 0.4% -3.8%
2015 0.4% -1.9%
2016 0.4% +0.7%
2017 0.4% +0.3%
2018 0.5% +4.5%
2021 0.4% -12.3%

Averages by decade

DecadeAverage LowestHighest Years
1980s 0.5% 0.5% 0.5% 1
1990s 0.5% 0.4% 0.5% 5
2000s 0.5% 0.4% 0.5% 10
2010s 0.5% 0.4% 0.5% 9
2020s 0.4% 0.4% 0.4% 1

Countries ranked near Panama

  1. 46 Puerto Rico 0.4% compare
  2. 47 Albania 0.4% compare
  3. 48 Ireland 0.4% compare
  4. 50 Armenia 0.4% compare
  5. 51 Morocco 0.4% compare
  6. 52 Thailand 0.4% compare

See the full ranking of 108 places →

More reference data data for Panama

All data for Panama →

Frequently asked questions

What is labor force participation rate, aged 15-24 in Panama?
Labor force participation rate, aged 15-24 in Panama was 0.4% in 2021, according to the World Bank.
What is the highest labor force participation rate, aged 15-24 recorded in Panama?
The highest recorded value was 0.5% in 2008.
What is the lowest labor force participation rate, aged 15-24 recorded in Panama?
The lowest recorded value was 0.4% in 2021.
How does Panama rank for labor force participation rate, aged 15-24?
Panama ranks 49th out of 108 countries with data for 2021.
Is labor force participation rate, aged 15-24 rising or falling in Panama?
Over the last ten years it is down 7.4%. The long-run trend across the full record is flat.
Where does this Panama data come from?
The figures come from the World Bank, published as part of Labor force participation rate, aged 15-24 (% of labor force aged 15-24). Statizoid updates them automatically from the source API.

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Labor force participation rate, aged 15-24 in Panama. Statizoid. Retrieved 27 August 2026, from https://reference.statizoid.com/stat/labor-force-participation-rate-aged-15-24-percent-of-labor-force-aged-15-24/panama/

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About this data

Indicator
Labor force participation rate, aged 15-24 (% of labor force aged 15-24)
Unit
% of labor force aged 15-24
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
108 places, 1,528 data points, 1970–2021
Last refreshed