Panama: Unemployment, total (% of total labor force) (modeled ILO estimate)
In , Panama's Unemployment, total (% of total labor force) (modeled ILO estimate) was 8.36.
That's down 1.1% from 2024, the highest value since .
The global average for this indicator in 2025 was 6.73 . Panama ranks #47 globally out of 182 reporting countries. Within Latin America & Caribbean, it ranks #9 of 31.
Source: World Bank Open Data (SL.UEM.TOTL.ZS) • Data as of 2025
Trend (2006–2025)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
Highlights
- Peak
- 14.66
- Trough
- 3.67
- 1-year change
- -1.1%
- 5-year change
- -43.0%
- -10.6% / yr
- 10-year change
- +92.8%
- +6.8% / yr
Historical Data — Last 10 Years
| Year | Unemployment, total (% of total labor force) (modeled ILO estimate) |
|---|---|
| 8.3600 | |
| 8.4510 | |
| 6.5440 | |
| 8.0860 | |
| 10.1770 | |
| 14.6630 | |
| 6.2560 | |
| 5.1610 | |
| 5.3380 | |
| 4.7170 |
About Unemployment, total (% of total labor force) (modeled ILO estimate)
Unemployment refers to the share of the labor force that is without work but available for and seeking employment.
Indicator code: SL.UEM.TOTL.ZS • Category: Labor & Business
Frequently asked questions
- What was Panama's Unemployment, total (% of total labor force) (modeled ILO estimate) in 2025?
- In 2025, Panama's Unemployment, total (% of total labor force) (modeled ILO estimate) was 8.36, according to World Bank Open Data.
- Is Panama's Unemployment, total (% of total labor force) (modeled ILO estimate) rising or falling?
- Panama's Unemployment, total (% of total labor force) (modeled ILO estimate) fell 1.1% from 2024 to 2025.
- How does Panama rank globally on Unemployment, total (% of total labor force) (modeled ILO estimate)?
- In 2025, Panama ranked #47 out of 182 countries reporting Unemployment, total (% of total labor force) (modeled ILO estimate).
- How does Panama's Unemployment, total (% of total labor force) (modeled ILO estimate) compare to the world average?
- The global average for Unemployment, total (% of total labor force) (modeled ILO estimate) in 2025 was 6.73, so Panama is above the world average. Within Latin America & Caribbean, it ranks #9 of 31.
- What is Unemployment, total (% of total labor force) (modeled ILO estimate) and how is it measured?
- Unemployment refers to the share of the labor force that is without work but available for and seeking employment.
Source: World Bank Open Data (SL.UEM.TOTL.ZS), CC BY 4.0.