Panama Average Hourly Earnings 2024: $10.32
Panama's average hourly earnings in 2024 is $10.32, up 0.9% from 2023. It ranks #11 of 41 countries.
Average hourly earnings compare employee pay rates globally, offering insights into wage disparities and economic strength.
Source (2024): Average hourly earnings of employees | Our World in Data
Where Panama ranks (2024)
#11 of 41
Average Hourly Earnings over time
| Year | Value | Change | % Change | Actions |
|---|---|---|---|---|
| 2024 | 10.33 USD | +0.09 USD | +0.91% | |
| 2023 | 10.23 USD | +0.9 USD | +9.69% | |
| 2022 | 9.33 USD | 2.41 USD | -20.51% | |
| 2021 | 11.74 USD | 0.01 USD | -0.04% | |
| 2020 | 11.74 USD | +1.77 USD | +17.78% | |
| 2019 | 9.97 USD | +0.17 USD | +1.71% | |
| 2018 | 9.8 USD | 0.5 USD | -4.82% | |
| 2017 | 10.3 USD | +0.71 USD | +7.44% | |
| 2016 | 9.58 USD | +1.4 USD | +17.17% | |
| 2015 | 8.18 USD | +0.7 USD | +9.29% | |
| 2014 | 7.48 USD | +0.35 USD | +4.96% | |
| 2013 | 7.13 USD | +0.32 USD | +4.68% | |
| 2012 | 6.81 USD | +1.19 USD | +21.15% | |
| 2010 | 5.62 USD | — | — |
Frequently Asked Questions About Panama Average Hourly Earnings
What is Panama's average hourly earnings in 2024?▾
Panama's average hourly earnings is $10.32 in 2024, according to Average hourly earnings of employees | International Labour Organization via Our World in Data.
Is Panama's average hourly earnings increasing or decreasing?▾
Panama's average hourly earnings rose by 0.9% from 2023 ($10.23) to 2024 ($10.32). Over the past decade (2014–2024) it rose by 38.0%.
How does Panama rank for average hourly earnings?▾
In 2024, Panama has the 11th highest average hourly earnings out of 41 countries with data.
What was Panama's average hourly earnings in 2010?▾
In 2010, Panama's average hourly earnings was $5.62. By 2024 it rose by 83.7%.
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