Panama - Labor force participation rate, total (% of total population ages 15-64) (modeled ILO estimate)

Labor force participation rate, total (% of total population ages 15-64) (modeled ILO estimate) in Panama was 72.16 as of 2019. Its highest value over the past 29 years was 72.16 in 2019, while its lowest value was 61.89 in 1990.

Definition: Labor force participation rate is the proportion of the population ages 15-64 that is economically active: all people who supply labor for the production of goods and services during a specified period.

Source: International Labour Organization, ILOSTAT database. Data retrieved in September 2019.

See also:

Year Value
1990 61.89
1991 62.19
1992 63.33
1993 64.43
1994 64.93
1995 65.86
1996 65.97
1997 66.06
1998 66.24
1999 66.38
2000 66.72
2001 67.05
2002 67.37
2003 67.69
2004 68.18
2005 68.51
2006 67.53
2007 68.35
2008 69.85
2009 68.79
2010 67.56
2011 66.30
2012 68.48
2013 69.32
2014 68.95
2015 69.49
2016 69.86
2017 69.54
2018 71.37
2019 72.16

Development Relevance: Estimates of women in the labor force and employment are generally lower than those of men and are not comparable internationally, reflecting that demographic, social, legal, and cultural trends and norms determine whether women's activities are regarded as economic. In many low-income countries women often work on farms or in other family enterprises without pay, and others work in or near their homes, mixing work and family activities during the day. In many high-income economies, women have been increasingly acquiring higher education that has led to better-compensated, longer-term careers rather than lower-skilled, shorter-term jobs. However, access to good- paying occupations for women remains unequal in many occupations and countries around the world. Labor force statistics by gender is important to monitor gender disparities in employment and unemployment patterns.

Limitations and Exceptions: Data on the labor force are compiled by the ILO from labor force surveys, censuses, and establishment censuses and surveys. For some countries a combination of these sources is used. Labor force surveys are the most comprehensive source for internationally comparable labor force data. They can cover all non-institutionalized civilians, all branches and sectors of the economy, and all categories of workers, including people holding multiple jobs. By contrast, labor force data from population censuses are often based on a limited number of questions on the economic characteristics of individuals, with little scope to probe. The resulting data often differ from labor force survey data and vary considerably by country, depending on the census scope and coverage. Establishment censuses and surveys provide data only on the employed population, not unemployed workers, workers in small establishments, or workers in the informal sector. The reference period of a census or survey is another important source of differences: in some countries data refer to people's status on the day of the census or survey or during a specific period before the inquiry date, while in others data are recorded without reference to any period. In countries, where the household is the basic unit of production and all members contribute to output, but some at low intensity or irregularly, the estimated labor force may be much smaller than the numbers actually working. Differing definitions of employment age also affect comparability. For most countries the working age is 15 and older, but in some countries children younger than 15 work full- or part-time and are included in the estimates. Similarly, some countries have an upper age limit. As a result, calculations may systematically over- or underestimate actual rates.

Statistical Concept and Methodology: The labor force is the supply of labor available for producing goods and services in an economy. It includes people who are currently employed and people who are unemployed but seeking work as well as first-time job-seekers. Not everyone who works is included, however. Unpaid workers, family workers, and students are often omitted, and some countries do not count members of the armed forces. Labor force size tends to vary during the year as seasonal workers enter and leave. The series is part of the ILO estimates and is harmonized to ensure comparability across countries and over time by accounting for differences in data source, scope of coverage, methodology, and other country-specific factors. The estimates are based mainly on nationally representative labor force surveys, with other sources (population censuses and nationally reported estimates) used only when no survey data are available.

Aggregation method: Weighted average

Periodicity: Annual

General Comments: National estimates are also available in the WDI database. Caution should be used when comparing ILO estimates with national estimates.

Classification

Topic: Labor & Social Protection Indicators

Sub-Topic: Labor force structure