P-Value: Public sector wage premium in Panama

Panama: P-Value: Public sector wage premium was 0 compared to formal wage employees in 2021. ◆ Volatile

Latest (2021)
0 compared to formal wage employees
World rank
40th
of 54 countries
All-time high
0.7982 compared to formal wage employees
in 2010
All-time low
0 compared to formal wage employees
in 2019
Years of data
18
2001–2021

P-Value: Public sector wage premium in Panama, 2001–2021

00.20.40.60.82001201120212001: 0.129 compared to formal wage employees2002: 0.652 compared to formal wage employees2003: 0.362 compared to formal wage employees2004: 0.047 compared to formal wage employees2005: 0.424 compared to formal wage employees2006: 0.642 compared to formal wage employees2007: 0.35 compared to formal wage employees2008: 0.059 compared to formal wage employees2009: 0.76 compared to formal wage employees2010: 0.798 compared to formal wage employees2011: 0.114 compared to formal wage employees2012: 0.375 compared to formal wage employees2015: 0.002 compared to formal wage employees2016: 0.088 compared to formal wage employees2017: 0.341 compared to formal wage employees2018: 0.008 compared to formal wage employees2019: 0 compared to formal wage employees2021: 0 compared to formal wage employees

Source: World Bank. Measured in compared to formal wage employees.

Analysis

Panama recorded 0 compared to formal wage employees for p-value: public sector wage premium in 2021. That is the lowest value across all 18 years on record.

That represents a change of down 100.0% over ten years.

Over the whole period, p-value: public sector wage premium in Panama peaked at 0.7982 compared to formal wage employees in 2010 and was at its lowest, 0 compared to formal wage employees, in 2019.

Panama ranks 40th of 54 countries on this measure, in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
2000s 0.3806 compared to formal wage employees 0.0475 compared to formal wage employees 0.7601 compared to formal wage employees 9
2010s 0.2158 compared to formal wage employees 0 compared to formal wage employees 0.7982 compared to formal wage employees 8
2020s 0 compared to formal wage employees 0 compared to formal wage employees 0 compared to formal wage employees 1

Countries ranked near Panama

  1. 37 Greece 0 compared to formal wage employees compare
  2. 38 Guatemala 0 compared to formal wage employees compare
  3. 39 Peru 0 compared to formal wage employees compare
  4. 40 Armenia 0 compared to formal wage employees compare
  5. 40 Brazil 0 compared to formal wage employees compare
  6. 40 Chile 0 compared to formal wage employees compare
  7. 40 Colombia 0 compared to formal wage employees compare
  8. 40 Costa Rica 0 compared to formal wage employees compare
  9. 40 Ecuador 0 compared to formal wage employees compare
  10. 40 El Salvador 0 compared to formal wage employees compare
  11. 40 Mexico 0 compared to formal wage employees compare
  12. 40 Pakistan 0 compared to formal wage employees compare
  13. 40 South Africa 0 compared to formal wage employees compare
  14. 40 Sri Lanka 0 compared to formal wage employees compare
  15. 40 Turkey 0 compared to formal wage employees compare
  16. 40 Uruguay 0 compared to formal wage employees compare
  17. 40 Zambia 0 compared to formal wage employees compare

See the full ranking of 54 places →

More reference data data for Panama

All data for Panama →

Frequently asked questions

What is p-value: public sector wage premium in Panama?
P-value: public sector wage premium in Panama was 0 compared to formal wage employees in 2021, according to the World Bank.
What is the highest p-value: public sector wage premium recorded in Panama?
The highest recorded value was 0.7982 compared to formal wage employees in 2010.
What is the lowest p-value: public sector wage premium recorded in Panama?
The lowest recorded value was 0 compared to formal wage employees in 2019.
How does Panama rank for p-value: public sector wage premium?
Panama ranks 40th out of 54 countries with data for 2021.
Is p-value: public sector wage premium rising or falling in Panama?
Over the last ten years it is down 100.0%. The long-run trend across the full record is volatile.
Where does this Panama data come from?
The figures come from the World Bank, published as part of P-Value: Public sector wage premium (compared to formal wage employees). Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 18 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
P-Value: Public sector wage premium (compared to formal wage employees)
Unit
compared to formal wage employees
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
54 places, 658 data points, 2000–2021
Last refreshed