The youth unemployment rate in Panama decreased by 2.6 percentage points (-13.55 percent) in 2023 in comparison to the previous year. Nevertheless, the last two years recorded a significantly higher youth unemployment rate than the preceding years. The youth unemployment rate of a country or region refers to the share of the total workforce aged 15 to 24 that is currently without work, but actively searching for employment. It does not include economically inactive persons such as full-time students or the long-term unemployed.
Find more key insights for the youth unemployment rate in countries like Honduras and Costa Rica.
Panama: Youth unemployment rate from 2004 to 2023
Characteristic
Youth unemployment rate
2023
16.59%
2022
19.19%
2021
22.45%
2020
31.87%
2019
17.14%
2018
14.09%
2017
14.83%
2016
12.3%
2015
11.69%
2014
11.53%
2013
9.9%
2012
9.59%
2011
11.11%
Created with Highcharts 7.2.2Youth unemployment rate13.65%13.65%13.55%13.55%13.32%13.32%13.14%13.14%12.97%12.97%13.3%13.3%13.43%13.43%11.11%11.11%9.59%9.59%9.9%9.9%11.53%11.53%11.69%11.69%12.3%12.3%14.83%14.83%14.09%14.09%17.14%17.14%31.87%31.87%22.45%22.45%19.19%19.19%16.59%16.59%20042005200620072008200920102011201220132014201520162017201820192020202120222023
5%10%15%20%25%30%35%
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World Bank. (October 24, 2024). Panama: Youth unemployment rate from 2004 to 2023 [Graph]. In Statista. Retrieved February 23, 2025, from https://www.statista.com/statistics/812900/youth-unemployment-rate-in-panama/
World Bank. "Panama: Youth unemployment rate from 2004 to 2023." Chart. October 24, 2024. Statista. Accessed February 23, 2025. https://www.statista.com/statistics/812900/youth-unemployment-rate-in-panama/
World Bank. (2024). Panama: Youth unemployment rate from 2004 to 2023. Statista. Statista Inc.. Accessed: February 23, 2025. https://www.statista.com/statistics/812900/youth-unemployment-rate-in-panama/
World Bank. "Panama: Youth Unemployment Rate from 2004 to 2023." Statista, Statista Inc., 24 Oct 2024, https://www.statista.com/statistics/812900/youth-unemployment-rate-in-panama/
World Bank, Panama: Youth unemployment rate from 2004 to 2023 Statista, https://www.statista.com/statistics/812900/youth-unemployment-rate-in-panama/ (last visited February 23, 2025)
Panama: Youth unemployment rate from 2004 to 2023 [Graph], World Bank, October 24, 2024. [Online]. Available: https://www.statista.com/statistics/812900/youth-unemployment-rate-in-panama/
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