Compensation of employees in Panama
Panama: Compensation of employees was 4.56 billion current LCU in 2024. ▲ Rising
Compensation of employees in Panama, 2014–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Panama recorded 4.56 billion current LCU for compensation of employees in 2024. That is the highest value across all 11 years on record.
The figure is up 8.3% on the previous year and up 128.7% over ten years.
Over the whole period, compensation of employees in Panama peaked at 4.56 billion current LCU in 2024 and was at its lowest, 2.00 billion current LCU, in 2014.
That places Panama 126th out of 156 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 11 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 2.72 billion current LCU | 2.00 billion current LCU | 3.38 billion current LCU | 6 |
| 2020s | 4.07 billion current LCU | 3.60 billion current LCU | 4.56 billion current LCU | 5 |
Countries ranked near Panama
More public sector data for Panama
- Arms imports 2.00 million SIPRI trend indicator values (1989)
- Tax revenue 7.2% (2024)
- Taxes on income, profits and capital gains 29.1% (2024)
- Taxes on goods and services 32.6% (2024)
- Net investment in nonfinancial assets 2.1% (2024)
- Net lending (+) / net borrowing (-) -8.2% (2024)
- Interest payments 28.9% (2024)
- Grants and other revenue 33.3% (2024)
- Interest payments 13.4% (2021)
- Other taxes 1.6% (2024)
Frequently asked questions
- What is compensation of employees in Panama?
- Compensation of employees in Panama was 4.56 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Panama?
- The highest recorded value was 4.56 billion current LCU in 2024.
- What is the lowest compensation of employees recorded in Panama?
- The lowest recorded value was 2.00 billion current LCU in 2014.
- How does Panama rank for compensation of employees?
- Panama ranks 126th out of 156 countries with data for 2024.
- Is compensation of employees rising or falling in Panama?
- Over the last ten years it is up 128.7%. The long-run trend across the full record is rising.
- Where does this Panama data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Compensation of employees (current LCU). Statizoid updates them automatically from the source API.
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About this data
Compensation of employees is defined as the total remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.