Public sector wage premium, by occupational group: Elementary occupati in Panama

Panama: Public sector wage premium, by occupational group: Elementary occupati 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 occupati in Panama, 2001–2021

-0.100.10.22001201120212001: 0.051 compared to formal wage employees2002: 0.002 compared to formal wage employees2003: 0.079 compared to formal wage employees2004: -0.007 compared to formal wage employees2005: -0.111 compared to formal wage employees2006: -0.059 compared to formal wage employees2007: -0.058 compared to formal wage employees2008: -0.038 compared to formal wage employees2009: 0.065 compared to formal wage employees2010: 0.003 compared to formal wage employees2011: 0.09 compared to formal wage employees2015: -0.009 compared to formal wage employees2016: -0.05 compared to formal wage employees2017: 0.103 compared to formal wage employees2018: 0.124 compared to formal wage employees2019: 0.211 compared to formal wage employees2021: 0.219 compared to formal wage employees

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

Analysis

In 2021, public sector wage premium, by occupational group: elementary occupati 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 occupati 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.

Averages by decade

DecadeAverage LowestHighest 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

  1. 9 Ecuador 0.3715 compared to formal wage employees compare
  2. 10 Honduras 0.3374 compared to formal wage employees compare
  3. 11 Spain 0.2498 compared to formal wage employees compare
  4. 13 Pakistan 0.2165 compared to formal wage employees compare
  5. 14 El Salvador 0.1946 compared to formal wage employees compare
  6. 15 Italy 0.179 compared to formal wage employees compare

See the full ranking of 53 places →

More reference data data for Panama

All data for Panama →

Frequently asked questions

What is public sector wage premium, by occupational group: elementary occupati in Panama?
Public sector wage premium, by occupational group: elementary occupati 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 occupati 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 occupati 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 occupati?
Panama ranks 12th out of 53 countries with data for 2021.
Is public sector wage premium, by occupational group: elementary occupati 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).

About this data

Indicator
Public sector wage premium, by occupational group: Elementary occupation (compared to formal wage employees)
Unit
compared to formal wage employees
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
53 places, 610 data points, 2000–2021
Last refreshed