Public sector wage premium, by occupational group: Professionals in Panama

Panama: Public sector wage premium, by occupational group: Professionals was -0.2277 compared to formal wage employees in 2018. ▲ Rising

Latest (2018)
-0.2277 compared to formal wage employees
Change on year
down 173.6%
World rank
51st
of 52 countries
All-time high
-0.0302 compared to formal wage employees
in 2011
All-time low
-0.2862 compared to formal wage employees
in 2008
Years of data
16
2001–2018

Public sector wage premium, by occupational group: Professionals in Panama, 2001–2018

-0.3-0.2-0.1-02001200920182001: -0.185 compared to formal wage employees2002: -0.212 compared to formal wage employees2003: -0.211 compared to formal wage employees2004: -0.16 compared to formal wage employees2005: -0.057 compared to formal wage employees2006: -0.22 compared to formal wage employees2007: -0.251 compared to formal wage employees2008: -0.286 compared to formal wage employees2009: -0.224 compared to formal wage employees2010: -0.193 compared to formal wage employees2011: -0.03 compared to formal wage employees2012: -0.13 compared to formal wage employees2015: -0.27 compared to formal wage employees2016: -0.102 compared to formal wage employees2017: -0.083 compared to formal wage employees2018: -0.228 compared to formal wage employees

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

Analysis

Panama recorded -0.2277 compared to formal wage employees for public sector wage premium, by occupational group: professionals in 2018.

The figure is down 173.6% on the previous year and up 20.5% over ten years.

Over the whole period, public sector wage premium, by occupational group: professionals in Panama peaked at -0.0302 compared to formal wage employees in 2011 and was at its lowest, -0.2862 compared to formal wage employees, in 2008.

That places Panama 51st out of 52 countries with data for 2018, putting it in the bottom quarter.

The long-run direction has been consistently rising across the 16 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2000s -0.2007 compared to formal wage employees -0.2862 compared to formal wage employees -0.0569 compared to formal wage employees 9
2010s -0.148 compared to formal wage employees -0.2699 compared to formal wage employees -0.0302 compared to formal wage employees 7

Countries ranked near Panama

  1. 48 Finland -0.1636 compared to formal wage employees compare
  2. 49 Czechia -0.1655 compared to formal wage employees compare
  3. 50 Iceland -0.1993 compared to formal wage employees compare
  4. 52 Moldova -0.3353 compared to formal wage employees compare

See the full ranking of 52 places →

More reference data data for Panama

All data for Panama →

Frequently asked questions

What is public sector wage premium, by occupational group: professionals in Panama?
Public sector wage premium, by occupational group: professionals in Panama was -0.2277 compared to formal wage employees in 2018, according to the World Bank.
What is the highest public sector wage premium, by occupational group: professionals recorded in Panama?
The highest recorded value was -0.0302 compared to formal wage employees in 2011.
What is the lowest public sector wage premium, by occupational group: professionals recorded in Panama?
The lowest recorded value was -0.2862 compared to formal wage employees in 2008.
How does Panama rank for public sector wage premium, by occupational group: professionals?
Panama ranks 51st out of 52 countries with data for 2018.
Is public sector wage premium, by occupational group: professionals rising or falling in Panama?
Over the last ten years it is up 20.5%. The long-run trend across the full record is rising.
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: Professionals (compared to formal wage employees). Statizoid updates them automatically from the source API.

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CSV · JSON — 16 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Public sector wage premium, by occupational group: Professionals (compared to formal wage employees)
Unit
compared to formal wage employees
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
52 places, 604 data points, 2000–2021
Last refreshed