Welcome to your guide to the Panama job market. Finding the right job or candidate requires solid data. Here you will find key figures on employment, salaries and the economy to support your next career step or recruitment decision in Panama.
Job market overview
| Key metric | Current value |
|---|---|
| Total population | 4,314,768 residents |
| Employment rate | 58.1% |
| Unemployment rate | 9%Moderate to higher unemployment – strong, specific skills help you stand out. |
With an unemployment rate of 9%, Panama has a more balanced labor market. Candidates should highlight specialized skills and experience.
Living & working in Panama: salaries and cost of living
Before relocating or applying for jobs in Panama, consider these key economic factors:
| Indicator | Value | Compared with the U.S. |
|---|---|---|
| Average monthly salary | 803 USD | 18% of the U.S. averagesignificantly lower |
| Purchasing power | 47.8 | weaker (U.S. = 100) |
With a purchasing power index of 47.8, the average monthly salary of 803 USD supports a budget-conscious lifestyle in Panama. Always compare an offer with local rents and living costs in the specific city.
Top industries & employers in PA
| Leading industry | Agriculture |
| Growth sector | Construction, Manufacturing |
| Service sector | Financial Services, Tourism |
| Major employers | Copa Airlines, Banco General, Empresa Nacional de Energía Eléctrica (ENEE) |
Job seekers will usually find the most openings in Agriculture, while Construction, Manufacturing offers growth potential.
Working in Panama – FAQ
What's the employment situation in Panama?
Panama has a population of about 4,314,768. The employment rate is 58.1%. The unemployment rate currently stands at 9%.
Which are the top companies in Panama?
Large employers in Panama include Copa Airlines, Banco General, Empresa Nacional de Energía Eléctrica (ENEE).
How far does a salary go in Panama?
The purchasing power index for Panama is 47.8 (U.S. = 100), which means the cost of living should be weighed carefully when comparing job offers.
How can I find jobs in Panama?
Browse the latest international openings on Cityjobs and filter by country or remote work. Employers post directly, and you apply with the employer.
Which industries matter most in Panama?
Agriculture is the leading industry, while Construction, Manufacturing is an important growth sector, alongside Financial Services, Tourism.
Data sources & methodology
The figures in this guide are compiled from these public sources:
- Employment & economic data: World Bank Indicators
- Cost of living & salaries: Numbeo Cost of Living Database
