Pay compression ratio in private sector in Panama
Panama: Pay compression ratio in private sector was 6.9% in 2021. ▼ Falling
Pay compression ratio in private sector in Panama, 2000–2021
Source: World Bank. Measured in ratio of 90th/10th percentile earners.
Analysis
In 2021, pay compression ratio in private sector in Panama stood at 6.9%.
The figure is up 23.7% on the previous year and up 19.5% over ten years.
Over the whole period, pay compression ratio in private sector in Panama peaked at 7.9% in 2006 and was at its lowest, 5.4%, in 2017.
That places Panama 19th out of 60 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently falling across the 19 years of available data.
Pay compression ratio in private sector in Panama, year by year
| Year | ratio of 90th/10th percentile earners | Change |
|---|---|---|
| 2000 | 7.3% | — |
| 2001 | 6.7% | -8.6% |
| 2002 | 7.6% | +13.6% |
| 2003 | 7.5% | -1.0% |
| 2004 | 7.7% | +2.6% |
| 2005 | 7.5% | -3.2% |
| 2006 | 7.9% | +5.4% |
| 2007 | 6.8% | -13.5% |
| 2008 | 6.6% | -2.8% |
| 2009 | 6.8% | +2.6% |
| 2010 | 6.4% | -4.9% |
| 2011 | 5.8% | -10.0% |
| 2012 | 6.7% | +15.0% |
| 2015 | 6.0% | -10.6% |
| 2016 | 6.0% | +0.5% |
| 2017 | 5.4% | -9.6% |
| 2018 | 5.8% | +7.0% |
| 2019 | 5.6% | -3.4% |
| 2021 | 6.9% | +23.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.2% | 6.6% | 7.9% | 10 |
| 2010s | 6.0% | 5.4% | 6.7% | 8 |
| 2020s | 6.9% | 6.9% | 6.9% | 1 |
Countries ranked near Panama
More reference data data for Panama
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.1446 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.6179 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.9793 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0285 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.9793 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.4849 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.2267 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 3.44 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 5.08 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.1553 (2050)
Frequently asked questions
- What is pay compression ratio in private sector in Panama?
- Pay compression ratio in private sector in Panama was 6.9% in 2021, according to the World Bank.
- What is the highest pay compression ratio in private sector recorded in Panama?
- The highest recorded value was 7.9% in 2006.
- What is the lowest pay compression ratio in private sector recorded in Panama?
- The lowest recorded value was 5.4% in 2017.
- How does Panama rank for pay compression ratio in private sector?
- Panama ranks 19th out of 60 countries with data for 2021.
- Is pay compression ratio in private sector rising or falling in Panama?
- Over the last ten years it is up 19.5%. The long-run trend across the full record is falling.
- Where does this Panama data come from?
- The figures come from the World Bank, published as part of Pay compression ratio in private sector (ratio of 90th/10th percentile earners). Statizoid updates them automatically from the source API.
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CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).