Average hourly earnings of employees in urban areas (2021 base) in Panama
Panama: Average hourly earnings of employees in urban areas (2021 base) was 11.29 USD_PPP/cap in 2024. ▲ Rising
Average hourly earnings of employees in urban areas (2021 base) in Panama, 2003–2024
Source: Food and Agriculture Organization of the United Nations. Measured in USD_PPP/cap.
Analysis
In 2024, average hourly earnings of employees in urban areas (2021 base) in Panama stood at 11.29 USD_PPP/cap.
Compared with earlier readings it is up 2.3% on the previous year and up 38.2% over ten years.
Over the whole period, average hourly earnings of employees in urban areas (2021 base) in Panama peaked at 12.75 USD_PPP/cap in 2021 and was at its lowest, 4.89 USD_PPP/cap, in 2003.
That places Panama 5th out of 34 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 19 years of available data.
Average hourly earnings of employees in urban areas (2021 base) in Panama, year by year
| Year | USD_PPP/cap | Change |
|---|---|---|
| 2003 | 4.89 USD_PPP/cap | — |
| 2006 | 5.34 USD_PPP/cap | +9.2% |
| 2007 | 5.37 USD_PPP/cap | +0.6% |
| 2008 | 5.94 USD_PPP/cap | +10.6% |
| 2009 | 5.76 USD_PPP/cap | -3.0% |
| 2010 | 6.19 USD_PPP/cap | +7.5% |
| 2011 | 6.48 USD_PPP/cap | +4.7% |
| 2012 | 7.47 USD_PPP/cap | +15.3% |
| 2013 | 7.87 USD_PPP/cap | +5.4% |
| 2014 | 8.17 USD_PPP/cap | +3.8% |
| 2015 | 8.91 USD_PPP/cap | +9.1% |
| 2016 | 10.5 USD_PPP/cap | +17.8% |
| 2017 | 11.11 USD_PPP/cap | +5.8% |
| 2018 | 10.5 USD_PPP/cap | -5.5% |
| 2019 | 10.72 USD_PPP/cap | +2.1% |
| 2021 | 12.75 USD_PPP/cap | +18.9% |
| 2022 | 9.48 USD_PPP/cap | -25.6% |
| 2023 | 11.04 USD_PPP/cap | +16.5% |
| 2024 | 11.29 USD_PPP/cap | +2.3% |
Panama compared with similar countries
- Panama's 11.29 USD_PPP/cap is below the median for high income countries, which is 11.68 USD_PPP/cap, 97% of the median. (6 countries reporting)
- Panama's 11.29 USD_PPP/cap is above the median for Latin America & Caribbean, which is 6.8 USD_PPP/cap, 1.7× the median. (12 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.46 USD_PPP/cap | 4.89 USD_PPP/cap | 5.94 USD_PPP/cap | 5 |
| 2010s | 8.79 USD_PPP/cap | 6.19 USD_PPP/cap | 11.11 USD_PPP/cap | 10 |
| 2020s | 11.14 USD_PPP/cap | 9.48 USD_PPP/cap | 12.75 USD_PPP/cap | 4 |
Countries ranked near Panama
- 2 France 19.3 USD_PPP/cap compare
- 2 Viet Nam 6.67 USD_PPP/cap compare
- 3 Chile 12.06 USD_PPP/cap compare
- 3 Republic of Moldova 6.27 USD_PPP/cap compare
- 4 Bosnia and Herzegovina 11.61 USD_PPP/cap compare
- 4 Türkiye 6.05 USD_PPP/cap compare
- 5 Timor-Leste 6.03 USD_PPP/cap compare
- 6 Greece 9.72 USD_PPP/cap compare
- 6 United Republic of Tanzania 3.46 USD_PPP/cap compare
- 7 Costa Rica 9.64 USD_PPP/cap compare
- 8 Thailand 9.29 USD_PPP/cap compare
More economy & growth data for Panama
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.82 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -870.79 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0096 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -190.5 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 938.47 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -55.01 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0104 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 205.3 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate -8.97 % change on previous year (2025)
Frequently asked questions
- What is average hourly earnings of employees in urban areas (2021 base) in Panama?
- Average hourly earnings of employees in urban areas (2021 base) in Panama was 11.29 USD_PPP/cap in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest average hourly earnings of employees in urban areas (2021 base) recorded in Panama?
- The highest recorded value was 12.75 USD_PPP/cap in 2021.
- What is the lowest average hourly earnings of employees in urban areas (2021 base) recorded in Panama?
- The lowest recorded value was 4.89 USD_PPP/cap in 2003.
- How does Panama rank for average hourly earnings of employees in urban areas (2021 base)?
- Panama ranks 5th out of 34 countries with data for 2024.
- Is average hourly earnings of employees in urban areas (2021 base) rising or falling in Panama?
- Over the last ten years it is up 38.2%. The long-run trend across the full record is rising.
- Where does this Panama data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Average hourly earnings of employees in urban areas (2021 base period) — Value — All age ranges or no breakdown by age — National. Statizoid updates them automatically from the source API.
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About this data
The Suite of Gender Indicators presents a set of indicators relevant to agrifood systems that are disaggregated by sex, with the aim of highlighting gender differences across agrifood systems. The initial set of indicators is based on those used in FAO’s 2023 Status of Women in Agrifood Systems (SWAFS) report and on the recommendations of an expert consultation held in December 2023, and covers key dimensions including economic participation, governance, agency, social norms, assets and services, education, health, and nutrition. Indicator selection was informed by expert judgment and by the availability of data with sufficient geographic and temporal coverage to enable meaningful comparisons across regions and over time. While most indicators are produced and published by FAO and other international organizations, the objective of this domain is to provide a one-stop shop for sex-disaggregated data on agrifood systems.