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In 2022, the percentage of informal employment in Panama stood at 54.9 percent of the total employed population. The share of employment informality has continuously increased over the past decade until 2020 when Panama reached its highest level. Panama is among the countries with the highest level of informal employment in Latin America.

Informal employment as percentage of total employment in Panama from 2010 to 2023

Characteristic	Share of total employment
2023	54.9%
2021	55.7%
2020	56.1%
2019	52.8%
2018	51.4%
2017	49.4%
2016	48.5%
2015	47.8%
2014	48%
2013	47.9%
2012	47%
2011	46.5%
2010	49.8%

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Release date

2024

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Region

Panama

Survey time period

2010 to 2023

Supplementary notes

According to the source's definition: "Employment in the informal sector refers all persons who, during a given reference period, were employed in at least one informal sector enterprise, irrespective of their status in employment and whether it was their main or a secondary job. An informal sector enterprise is (1) an unincorporated enterprise and (2) a market enterprise (i.e., it sells at least some of the goods or services it produces), and (3) meets at least one of the following criteria: (i) the enterprise is not registered, (ii) the employees of the enterprise are not registered, or (iii) the number of persons engaged on a continuous basis is below a threshold determined by the country."

The release date given is the last update date provided by the source.
The source does not provide data for 2022.

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