Wage bill as a percentage of GDP in Panama
Panama: Wage bill as a percentage of GDP was 7.5% in 2022. β² Rising
Latest (2022)
7.5%
Change on year
down 1.4%
World rank
108th
of 190 countries
All-time high
8.6%
in 2020
All-time low
4.7%
in 2009
Years of data
23
2000β2022
Wage bill as a percentage of GDP in Panama, 2000β2022
Source: World Bank.
Analysis
Panama recorded 7.5% for wage bill as a percentage of gdp in 2022.
Compared with earlier readings it is down 1.4% on the previous year and up 46.7% over ten years.
Over the whole period, wage bill as a percentage of gdp in Panama peaked at 8.6% in 2020 and was at its lowest, 4.7%, in 2009.
Panama ranks 108th of 190 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 23 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6.1% | 4.7% | 7.0% | 10 |
| 2010s | 5.5% | 5.1% | 6.3% | 10 |
| 2020s | 7.9% | 7.5% | 8.6% | 3 |
Countries ranked near Panama
- 105 Burundi 7.8% compare
- 106 United Arab Emirates 7.6% compare
- 107 Liberia 7.5% compare
- 109 Belarus 7.5% compare
- 110 Switzerland 7.4% compare
- 111 South Sudan 7.3% 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 wage bill as a percentage of gdp in Panama?
- Wage bill as a percentage of gdp in Panama was 7.5% in 2022, according to the World Bank.
- What is the highest wage bill as a percentage of gdp recorded in Panama?
- The highest recorded value was 8.6% in 2020.
- What is the lowest wage bill as a percentage of gdp recorded in Panama?
- The lowest recorded value was 4.7% in 2009.
- How does Panama rank for wage bill as a percentage of gdp?
- Panama ranks 108th out of 190 countries with data for 2022.
- Is wage bill as a percentage of gdp rising or falling in Panama?
- Over the last ten years it is up 46.7%. 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 Wage bill as a percentage of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 23 observations, free to reuse under CC BY 4.0 (World Bank Open Data).