Public sector wage premium, by occupational group: Elementary in Panama
Panama: Public sector wage premium, by occupational group: Elementary was 0.2194 compared to formal wage employees in 2021. ◆ Volatile
Latest (2021)
0.2194 compared to formal wage employees
Change on year
up 4.2%
World rank
12th
of 53 countries
All-time high
0.2194 compared to formal wage employees
in 2021
All-time low
-0.1114 compared to formal wage employees
in 2005
Years of data
17
2001–2021
Public sector wage premium, by occupational group: Elementary in Panama, 2001–2021
Source: World Bank. Measured in compared to formal wage employees.
Analysis
In 2021, public sector wage premium, by occupational group: elementary in Panama stood at 0.2194 compared to formal wage employees. That is the highest value across all 17 years on record.
The figure is up 4.2% on the previous year and up 145.1% over ten years.
Over the whole period, public sector wage premium, by occupational group: elementary in Panama peaked at 0.2194 compared to formal wage employees in 2021 and was at its lowest, -0.1114 compared to formal wage employees, in 2005.
Panama ranks 12th of 53 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Public sector wage premium, by occupational group: Elementary in Panama, year by year
| Year | compared to formal wage employees | Change |
|---|---|---|
| 2001 | 0.0514 compared to formal wage employees | — |
| 2002 | 0.0023 compared to formal wage employees | -95.5% |
| 2003 | 0.0788 compared to formal wage employees | +3284.1% |
| 2004 | -0.0073 compared to formal wage employees | -109.2% |
| 2005 | -0.1114 compared to formal wage employees | +1431.9% |
| 2006 | -0.0595 compared to formal wage employees | -46.6% |
| 2007 | -0.0577 compared to formal wage employees | -2.9% |
| 2008 | -0.0379 compared to formal wage employees | -34.3% |
| 2009 | 0.0647 compared to formal wage employees | -270.7% |
| 2010 | 0.003 compared to formal wage employees | -95.4% |
| 2011 | 0.0895 compared to formal wage employees | +2930.1% |
| 2015 | -0.0092 compared to formal wage employees | -110.2% |
| 2016 | -0.0499 compared to formal wage employees | +444.2% |
| 2017 | 0.1035 compared to formal wage employees | -307.5% |
| 2018 | 0.1236 compared to formal wage employees | +19.5% |
| 2019 | 0.2105 compared to formal wage employees | +70.3% |
| 2021 | 0.2194 compared to formal wage employees | +4.2% |
Panama compared with similar countries
- Panama's 0.2194 compared to formal wage employees is above the median for high income countries, which is -0.0357 compared to formal wage employees. (31 countries reporting)
- Panama's 0.2194 compared to formal wage employees is above the median for Latin America & Caribbean, which is 0.1422 compared to formal wage employees, 1.5× the median. (16 countries reporting)
Biggest year-on-year movements
Years where Public sector wage premium, by occupational group: Elementary in Panama changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2003 | +3284.1% | 0.0023 compared to formal wage employees | 0.0788 compared to formal wage employees |
| 2011 | +2930.1% | 0.003 compared to formal wage employees | 0.0895 compared to formal wage employees |
| 2005 | -1431.9% | -0.0073 compared to formal wage employees | -0.1114 compared to formal wage employees |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -0.0085 compared to formal wage employees | -0.1114 compared to formal wage employees | 0.0788 compared to formal wage employees | 9 |
| 2010s | 0.0673 compared to formal wage employees | -0.0499 compared to formal wage employees | 0.2105 compared to formal wage employees | 7 |
| 2020s | 0.2194 compared to formal wage employees | 0.2194 compared to formal wage employees | 0.2194 compared to formal wage employees | 1 |
Countries ranked near Panama
- 9 Ecuador 0.3715 compared to formal wage employees compare
- 10 Honduras 0.3374 compared to formal wage employees compare
- 11 Spain 0.2498 compared to formal wage employees compare
- 13 Pakistan 0.2165 compared to formal wage employees compare
- 14 El Salvador 0.1946 compared to formal wage employees compare
- 15 Italy 0.179 compared to formal wage employees compare
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 public sector wage premium, by occupational group: elementary in Panama?
- Public sector wage premium, by occupational group: elementary in Panama was 0.2194 compared to formal wage employees in 2021, according to the World Bank.
- What is the highest public sector wage premium, by occupational group: elementary recorded in Panama?
- The highest recorded value was 0.2194 compared to formal wage employees in 2021.
- What is the lowest public sector wage premium, by occupational group: elementary recorded in Panama?
- The lowest recorded value was -0.1114 compared to formal wage employees in 2005.
- How does Panama rank for public sector wage premium, by occupational group: elementary?
- Panama ranks 12th out of 53 countries with data for 2021.
- Is public sector wage premium, by occupational group: elementary rising or falling in Panama?
- Over the last ten years it is up 145.1%. 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 Public sector wage premium, by occupational group: Elementary occupation (compared to formal wage employees). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (World Bank Open Data).