Average hourly earnings of employees by sex and occupation in Panama
Panama: Average hourly earnings of employees by sex and occupation was 5.28 cur lcu in 2024. ▲ Rising
Average hourly earnings of employees by sex and occupation in Panama, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in cur lcu.
Analysis
Panama recorded 5.28 cur lcu for average hourly earnings of employees by sex and occupation in 2024.
Compared with earlier readings it is down 1.3% on the previous year and up 31.0% over ten years.
Over the whole period, average hourly earnings of employees by sex and occupation in Panama peaked at 6.61 cur lcu in 2021 and was at its lowest, 2.17 cur lcu, in 2003.
Panama ranks 67th of 70 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 25 years of available data.
Average hourly earnings of employees by sex and occupation in Panama, year by year
| Year | cur lcu | Change |
|---|---|---|
| 2000 | 2.9 cur lcu | — |
| 2001 | 2.22 cur lcu | -23.4% |
| 2002 | 2.31 cur lcu | +4.1% |
| 2003 | 2.17 cur lcu | -6.1% |
| 2004 | 2.25 cur lcu | +3.7% |
| 2005 | 2.25 cur lcu | +0.0% |
| 2006 | 2.33 cur lcu | +3.6% |
| 2007 | 2.45 cur lcu | +5.2% |
| 2008 | 2.71 cur lcu | +10.6% |
| 2009 | 2.93 cur lcu | +8.1% |
| 2010 | 3.1 cur lcu | +5.8% |
| 2011 | 3.28 cur lcu | +5.8% |
| 2012 | 3.66 cur lcu | +11.6% |
| 2013 | 3.9 cur lcu | +6.6% |
| 2014 | 4.03 cur lcu | +3.3% |
| 2015 | 4.22 cur lcu | +4.7% |
| 2016 | 4.74 cur lcu | +12.3% |
| 2017 | 4.98 cur lcu | +5.1% |
| 2018 | 5.08 cur lcu | +2.0% |
| 2019 | 5.33 cur lcu | +4.9% |
| 2020 | 6.46 cur lcu | +21.2% |
| 2021 | 6.61 cur lcu | +2.3% |
| 2022 | 5 cur lcu | -24.4% |
| 2023 | 5.35 cur lcu | +7.0% |
| 2024 | 5.28 cur lcu | -1.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.45 cur lcu | 2.17 cur lcu | 2.93 cur lcu | 10 |
| 2010s | 4.23 cur lcu | 3.1 cur lcu | 5.33 cur lcu | 10 |
| 2020s | 5.74 cur lcu | 5 cur lcu | 6.61 cur lcu | 5 |
Countries ranked near Panama
More development goals data for Panama
- Red List Index 0.7539 index (2025)
- Number of refugees per 100,000 population, by country of origin 7.39 per 100,000 people (2025)
- Manufacturing value added per capita 860.74 constant US$ (2025)
- Number of transboundary breeds 45 (2025)
- Number of transboundary breeds (not extinct) 45 (2025)
- Number of transboundary breeds with unknown risk status 1 (2025)
- Number of local breeds with unknown risk status 2 (2025)
- Number of local breeds (not extinct) 9 (2025)
- Number of local breeds kept in the country 9 (2025)
- Infant deaths 855 (2024)
Frequently asked questions
- What is average hourly earnings of employees by sex and occupation in Panama?
- Average hourly earnings of employees by sex and occupation in Panama was 5.28 cur lcu in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest average hourly earnings of employees by sex and occupation recorded in Panama?
- The highest recorded value was 6.61 cur lcu in 2021.
- What is the lowest average hourly earnings of employees by sex and occupation recorded in Panama?
- The lowest recorded value was 2.17 cur lcu in 2003.
- How does Panama rank for average hourly earnings of employees by sex and occupation?
- Panama ranks 67th out of 70 countries with data for 2024.
- Is average hourly earnings of employees by sex and occupation rising or falling in Panama?
- Over the last ten years it is up 31.0%. The long-run trend across the full record is rising.
- Where does this Panama data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Average hourly earnings of employees by sex and occupation (local currency). Statizoid updates them automatically from the source API.
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