Public to private wage gap, aged 15-64, urban in Panama

Panama: Public to private wage gap, aged 15-64, urban was 1.61 in 2018. ▼ Falling

Latest (2018)
1.61
Change on year
unchanged
World rank
17th
of 26 countries
All-time high
1.86
in 1989
All-time low
1.43
in 2008
Years of data
23
1989–2018

Public to private wage gap, aged 15-64, urban in Panama, 1989–2018

00.511.521989200320181989: 1.91991: 1.71995: 1.61997: 1.61998: 1.61999: 1.52000: 1.62001: 1.72002: 1.82003: 1.82004: 1.82005: 1.72006: 1.72007: 1.72008: 1.42009: 1.62010: 1.52011: 1.42012: 1.52015: 1.52016: 1.52017: 1.62018: 1.6

Source: World Bank.

Analysis

In 2018, public to private wage gap, aged 15-64, urban in Panama stood at 1.61.

Compared with earlier readings it is up 12.6% over ten years.

Over the whole period, public to private wage gap, aged 15-64, urban in Panama peaked at 1.86 in 1989 and was at its lowest, 1.43, in 2008.

That places Panama 17th out of 26 countries with data for 2018, putting it in the middle of the range.

The long-run direction has been consistently falling across the 23 years of available data.

Public to private wage gap, aged 15-64, urban in Panama, year by year

Annual values for Public to private wage gap, aged 15-64, urban in Panama, 1989 to 2018.
Year Value Change
1989 1.86 —
1991 1.73 -6.9%
1995 1.6 -7.7%
1997 1.6 +0.0%
1998 1.6 +0.0%
1999 1.52 -4.8%
2000 1.64 +7.4%
2001 1.67 +2.2%
2002 1.79 +7.0%
2003 1.81 +1.2%
2004 1.85 +2.1%
2005 1.75 -5.5%
2006 1.67 -4.7%
2007 1.67 +0.0%
2008 1.43 -14.3%
2009 1.59 +11.0%
2010 1.5 -5.4%
2011 1.44 -3.8%
2012 1.47 +2.2%
2015 1.49 +0.9%
2016 1.46 -2.1%
2017 1.61 +10.6%
2018 1.61 +0.0%

Panama compared with similar countries

  • Panama's 1.61 is below the median for Latin America & Caribbean, which is 1.64, 98% of the median. (12 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
1980s 1.86 1.86 1.86 1
1990s 1.61 1.52 1.73 5
2000s 1.69 1.43 1.85 10
2010s 1.51 1.44 1.61 7

Countries ranked near Panama

  1. 14 Honduras 1.67 compare
  2. 15 Sri Lanka 1.65 compare
  3. 16 Thailand 1.62 compare
  4. 18 Paraguay 1.57 compare
  5. 19 Chile 1.46 compare
  6. 20 Mexico 1.4 compare

See the full ranking of 26 places →

More reference data data for Panama

All data for Panama →

Frequently asked questions

What is public to private wage gap, aged 15-64, urban in Panama?
Public to private wage gap, aged 15-64, urban in Panama was 1.61 in 2018, according to the World Bank.
What is the highest public to private wage gap, aged 15-64, urban recorded in Panama?
The highest recorded value was 1.86 in 1989.
What is the lowest public to private wage gap, aged 15-64, urban recorded in Panama?
The lowest recorded value was 1.43 in 2008.
How does Panama rank for public to private wage gap, aged 15-64, urban?
Panama ranks 17th out of 26 countries with data for 2018.
Is public to private wage gap, aged 15-64, urban rising or falling in Panama?
Over the last ten years it is up 12.6%. 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 to private wage gap, aged 15-64, urban. Statizoid updates them automatically from the source API.

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Public to private wage gap, aged 15-64, urban in Panama. Statizoid. Retrieved 25 September 2026, from https://reference.statizoid.com/stat/public-to-private-wage-gap-aged-15-64-urban/panama/

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About this data

Indicator
Public to private wage gap, aged 15-64, urban
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
26 places, 363 data points, 1985–2021
Last refreshed