Compensation of employees in Panama
Panama: Compensation of employees was 34.3% in 2021. ▲ Rising
Compensation of employees in Panama, 2014–2021
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
The most recent figure for compensation of employees in Panama is 34.3%, measured in 2021.
That represents a change of up 4.7% on the previous year and up 14.1% over ten years.
Panama ranks 48th of 155 countries on this measure, in the middle of the range.
Compensation of employees in Panama, year by year
| Year | % of expense | Change |
|---|---|---|
| 2014 | 30.1% | — |
| 2015 | 28.5% | -5.1% |
| 2016 | 31.2% | +9.5% |
| 2017 | 33.7% | +7.8% |
| 2018 | 34.4% | +2.3% |
| 2019 | 32.3% | -6.3% |
| 2020 | 32.8% | +1.6% |
| 2021 | 34.3% | +4.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 31.7% | 28.5% | 34.4% | 6 |
| 2020s | 33.5% | 32.8% | 34.3% | 2 |
Countries ranked near Panama
- 45 Tunisia 35.1%
- 46 Philippines 35.0% compare
- 47 Cameroon 34.7% compare
- 49 Afghanistan 34.0%
- 50 Naoero 33.9% compare
- 51 Tonga 33.8% compare
More public sector data for Panama
- Arms imports 2.00 million SIPRI trend indicator values (1989)
- Arms imports (SIPRI trend indicator values), per capita 0.832 SIPRI trend indicator values per person (1989)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0003 SIPRI trend indicator values per US$ of GDP (1989)
- Arms imports (SIPRI trend indicator values), annual growth rate -91.3 % change on previous year (1989)
- Arms imports (SIPRI trend indicator values), gaps filled 2.00 million SIPRI trend indicator values (1989)
- Military expenditure (current USD), per capita 0 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate -100 % change on previous year (2000)
- Military expenditure (current USD), gaps filled 0 current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 26.9 SIPRI trend indicator values per square kilometre (1989)
Frequently asked questions
- What is compensation of employees in Panama?
- Compensation of employees in Panama was 34.3% in 2021, 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 34.4% in 2018.
- What is the lowest compensation of employees recorded in Panama?
- The lowest recorded value was 28.5% in 2015.
- How does Panama rank for compensation of employees?
- Panama ranks 48th out of 155 countries with data for 2021.
- Is compensation of employees rising or falling in Panama?
- Over the last ten years it is up 14.1%. 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 (% of expense). 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 as percentage of total expenses which is any decrease in net worth resulting from a transaction.