Public sector wage premium in Panama

Panama: Public sector wage premium was 0.4784 compared to all private employees in 2021. ▼ Falling

Latest (2021)
0.4784 compared to all private employees
Change on year
up 23.3%
World rank
10th
of 60 countries
All-time high
0.5313 compared to all private employees
in 2004
All-time low
0.2703 compared to all private employees
in 2012
Years of data
19
2000–2021

Public sector wage premium in Panama, 2000–2021

00.20.40.62000201020212000: 0.294 compared to all private employees2001: 0.411 compared to all private employees2002: 0.447 compared to all private employees2003: 0.489 compared to all private employees2004: 0.531 compared to all private employees2005: 0.498 compared to all private employees2006: 0.456 compared to all private employees2007: 0.454 compared to all private employees2008: 0.388 compared to all private employees2009: 0.397 compared to all private employees2010: 0.391 compared to all private employees2011: 0.306 compared to all private employees2012: 0.27 compared to all private employees2015: 0.28 compared to all private employees2016: 0.334 compared to all private employees2017: 0.434 compared to all private employees2018: 0.417 compared to all private employees2019: 0.388 compared to all private employees2021: 0.478 compared to all private employees

Source: World Bank. Measured in compared to all private employees.

Analysis

In 2021, public sector wage premium in Panama stood at 0.4784 compared to all private employees.

That represents a change of up 23.3% on the previous year and up 56.3% over ten years.

Over the whole period, public sector wage premium in Panama peaked at 0.5313 compared to all private employees in 2004 and was at its lowest, 0.2703 compared to all private employees, in 2012.

That places Panama 10th out of 60 countries with data for 2021, putting it in the top quarter.

The long-run direction has been consistently falling across the 19 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2000s 0.4367 compared to all private employees 0.2939 compared to all private employees 0.5313 compared to all private employees 10
2010s 0.3524 compared to all private employees 0.2703 compared to all private employees 0.4335 compared to all private employees 8
2020s 0.4784 compared to all private employees 0.4784 compared to all private employees 0.4784 compared to all private employees 1

Countries ranked near Panama

  1. 7 Sri Lanka 0.5367 compared to all private employees compare
  2. 8 Ecuador 0.5205 compared to all private employees compare
  3. 9 Tanzania 0.5114 compared to all private employees compare
  4. 11 Pakistan 0.4662 compared to all private employees compare
  5. 12 Honduras 0.4629 compared to all private employees compare
  6. 13 Philippines 0.4496 compared to all private employees compare

See the full ranking of 60 places →

More reference data data for Panama

All data for Panama →

Frequently asked questions

What is public sector wage premium in Panama?
Public sector wage premium in Panama was 0.4784 compared to all private employees in 2021, according to the World Bank.
What is the highest public sector wage premium recorded in Panama?
The highest recorded value was 0.5313 compared to all private employees in 2004.
What is the lowest public sector wage premium recorded in Panama?
The lowest recorded value was 0.2703 compared to all private employees in 2012.
How does Panama rank for public sector wage premium?
Panama ranks 10th out of 60 countries with data for 2021.
Is public sector wage premium rising or falling in Panama?
Over the last ten years it is up 56.3%. 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 Public sector wage premium (compared to all private employees). Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Public sector wage premium (compared to all private employees)
Unit
compared to all private employees
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
60 places, 738 data points, 2000–2021
Last refreshed