The unemployment rate in Panama was 10.4 percent in 2025. Between 1980 and 2025, the rate rose by 2.02 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The rate is forecast to decline by 4.4 percentage points from 2025 to 2031, fluctuating as it trends downward.
This indicator describes the unemployment rate, which can be defined by either the national definition, the ILO harmonized definition, or the OECD harmonized definition. The latter defines it as the number of unemployed people divided by the total labor force.
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IMF. (December 22, 2025). Unemployment rate in Panama from 1980 to 2031 [Graph]. In Statista. Retrieved May 09, 2026, from https://www.statista.com/statistics/454673/unemployment-rate-in-panama/
IMF. "Unemployment rate in Panama from 1980 to 2031." Chart. December 22, 2025. Statista. Accessed May 09, 2026. https://www.statista.com/statistics/454673/unemployment-rate-in-panama/
IMF. (2025). Unemployment rate in Panama from 1980 to 2031. Statista. Statista Inc.. Accessed: May 09, 2026. https://www.statista.com/statistics/454673/unemployment-rate-in-panama/
IMF. "Unemployment Rate in Panama from 1980 to 2031." Statista, Statista Inc., 22 Dec 2025, https://www.statista.com/statistics/454673/unemployment-rate-in-panama/
IMF, Unemployment rate in Panama from 1980 to 2031 Statista, https://www.statista.com/statistics/454673/unemployment-rate-in-panama/ (last visited May 09, 2026)
Unemployment rate in Panama from 1980 to 2031 [Graph], IMF, December 22, 2025. [Online]. Available: https://www.statista.com/statistics/454673/unemployment-rate-in-panama/
