Labor productivity — all countries

Labor productivity — Panama

Labor productivity in Panama in 2025 — 81,808 $/person. Ranked 49 in the world out of 168. Since 1991, the indicator has risen by 158.9%.

2025 81,808 $/person +2.5% vs 2024
World rank 49of 168
Period maximum 81,808 $/person2025
Period minimum 31,600 $/person1991

Trend over time

1991–2025 · PPP $ per person employed

Labor productivity — Panama, 1991–202520,00040,00060,00080,000100,00019911995199920032007201120152019202320251991: 31,600 $/person1992: 32,578 $/person1993: 32,849 $/person1994: 32,744 $/person1995: 32,070 $/person1996: 32,520 $/person1997: 34,006 $/person1998: 35,154 $/person1999: 36,069 $/person2000: 36,464 $/person2001: 35,760 $/person2002: 35,593 $/person2003: 36,425 $/person2004: 38,038 $/person2005: 40,078 $/person2006: 43,500 $/person2007: 47,775 $/person2008: 50,238 $/person2009: 51,736 $/person2010: 52,571 $/person2011: 58,174 $/person2012: 60,350 $/person2013: 62,074 $/person2014: 64,125 $/person2015: 66,114 $/person2016: 67,423 $/person2017: 70,613 $/person2018: 69,935 $/person2019: 70,488 $/person2020: 64,449 $/person2021: 74,147 $/person2022: 74,857 $/person2023: 78,854 $/person2024: 79,813 $/person2025: 81,808 $/person
Change over the period: +50,208 (+158.89%) Average annual rate: 2.84 %

Comparison, 2025

How the value compares with the world and the groups this territory belongs to: Panama

Panama 81,808 $/person
World 50,672 $/person
Latin America & Caribbean 43,303 $/person
Labor productivity — Panama, by year Panama All countries CSV XLSX
Year $/person Change Change, %
2025 81,808 +1,995 +2.5%
2024 79,813 +959 +1.22%
2023 78,854 +3,997 +5.34%
2022 74,857 +711 +0.96%
2021 74,147 +9,698 +15.05%
2020 64,449 −6,039 −8.57%
2019 70,488 +553 +0.79%
2018 69,935 −678 −0.96%
2017 70,613 +3,190 +4.73%
2016 67,423 +1,310 +1.98%
2015 66,114 +1,988 +3.1%
2014 64,125 +2,051 +3.3%
2013 62,074 +1,724 +2.86%
2012 60,350 +2,176 +3.74%
2011 58,174 +5,603 +10.66%
2010 52,571 +835 +1.61%
2009 51,736 +1,498 +2.98%
2008 50,238 +2,464 +5.16%
2007 47,775 +4,275 +9.83%
2006 43,500 +3,422 +8.54%
2005 40,078 +2,039 +5.36%
2004 38,038 +1,613 +4.43%
2003 36,425 +832 +2.34%
2002 35,593 −166 −0.47%
2001 35,760 −704 −1.93%
2000 36,464 +395 +1.09%
1999 36,069 +915 +2.6%
1998 35,154 +1,148 +3.37%
1997 34,006 +1,486 +4.57%
1996 32,520 +450 +1.4%
1995 32,070 −675 −2.06%
1994 32,744 −105 −0.32%
1993 32,849 +271 +0.83%
1992 32,578 +978 +3.09%
1991 31,600

Central America, 2025

The same indicator for neighboring countries — with links to their pages

About the indicator

Gross domestic product per person employed in constant dollars at purchasing power parity. It differs from GDP per capita in the denominator: there the whole population, here only those who work — and the difference between the two indicators speaks of demography and employment. A country can have a low GDP per capita alongside decent productivity simply because only a small part of the population works: many children, many women out of employment, early retirement.

Important: There are no aggregates for country groups: the correct denominator is the number of people employed, and we have no separate series for the employed. The labor force will not do — it includes the unemployed, and the discrepancy is largest precisely in countries with high unemployment.

Source: ILOSTAT (ILO), license CC BY 4.0.