Output per hour worked, GDP constant 2021 international $ at PPP in Panama
Panama: Output per hour worked, GDP constant 2021 international $ at PPP was 45.6 in 2027. ▲ Rising
Output per hour worked, GDP constant 2021 international $ at PPP in Panama, 2005–2027
Source: International Labour Organization.
Analysis
In 2027, output per hour worked, gdp constant 2021 international $ at ppp in Panama stood at 45.6. That is the highest value across all 23 years on record.
That represents a change of up 2.4% on the previous year and up 27.3% over ten years.
Over the whole period, output per hour worked, gdp constant 2021 international $ at ppp in Panama peaked at 45.6 in 2027 and was at its lowest, 19.76, in 2005.
Panama ranks 51st of 188 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.
Output per hour worked, GDP constant 2021 international $ at PPP in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 19.76 | — |
| 2006 | 21.34 | +8.0% |
| 2007 | 23.34 | +9.4% |
| 2008 | 24.45 | +4.8% |
| 2009 | 25.15 | +2.9% |
| 2010 | 25.63 | +1.9% |
| 2011 | 27.38 | +6.8% |
| 2012 | 29.48 | +7.7% |
| 2013 | 30.19 | +2.4% |
| 2014 | 31.65 | +4.8% |
| 2015 | 32.53 | +2.8% |
| 2016 | 33.97 | +4.4% |
| 2017 | 35.82 | +5.4% |
| 2018 | 36.53 | +2.0% |
| 2019 | 37 | +1.3% |
| 2020 | 39.73 | +7.4% |
| 2021 | 41.76 | +5.1% |
| 2022 | 41.76 | +0.0% |
| 2023 | 41.94 | +0.4% |
| 2024 | 42.63 | +1.6% |
| 2025 | 43.55 | +2.2% |
| 2026 | 44.54 | +2.3% |
| 2027 | 45.6 | +2.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 22.81 | 19.76 | 25.15 | 5 |
| 2010s | 32.02 | 25.63 | 37 | 10 |
| 2020s | 42.69 | 39.73 | 45.6 | 8 |
Countries ranked near Panama
- 48 Republic of Korea 50.05 compare
- 49 Latvia 48.21 compare
- 50 Hungary 47.82 compare
- 52 Russian Federation 44.84 compare
- 53 Kazakhstan 43.82 compare
- 54 United Arab Emirates 43.66 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)
- Imports of goods and services (constant 2015 US$), annual growth rate -2.61 % change on previous year (2024)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.3966 constant 2015 US$ per US$ of GDP (2024)
- Imports of goods and services (constant 2015 US$), per capita 7,600 constant 2015 US$ per person (2024)
- External balance on goods and services (current US$), annual growth 78.89 % change on previous year (2024)
- External balance on goods and services (current LCU), annual growth 78.89 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), annual 2.06 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 0.0262 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 518.14 current LCU per person (2025)
Frequently asked questions
- What is output per hour worked, gdp constant 2021 international $ at ppp in Panama?
- Output per hour worked, gdp constant 2021 international $ at ppp in Panama was 45.6 in 2027, according to International Labour Organization.
- What is the highest output per hour worked, gdp constant 2021 international $ at ppp recorded in Panama?
- The highest recorded value was 45.6 in 2027.
- What is the lowest output per hour worked, gdp constant 2021 international $ at ppp recorded in Panama?
- The lowest recorded value was 19.76 in 2005.
- How does Panama rank for output per hour worked, gdp constant 2021 international $ at ppp?
- Panama ranks 51st out of 188 countries with data for 2027.
- Is output per hour worked, gdp constant 2021 international $ at ppp rising or falling in Panama?
- Over the last ten years it is up 27.3%. The long-run trend across the full record is rising.
- Where does this Panama data come from?
- The figures come from International Labour Organization, published as part of Output per hour worked, GDP constant 2021 international $ at PPP (ILO modelled estimates). Statizoid updates them automatically from the source API.
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CSV · JSON — 23 observations, free to reuse under ILO Terms of Use (attribution required).
About this data
Imputed observations are not based on national data, are subject to high uncertainty and should not be used for country comparisons or rankings. This series is based on the 13th ICLS definitions. This measure of labour productivity is calculated using data on GDP (in constant 2021 international dollars at PPP) derived from the World Development Indicators database of the World Bank. For more information, refer to the ILO Modelled Estimates (ILOEST) database description.