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Panama Services Employment

Employment in services  SL.SRV.EMPL.ZS

66.95% +0.33% (+0.5%)
Year 2025 Rank #111 Global Peak 67.93% (2022) Source World Bank

Panama Services Employment (1991–2025)

Overview

Panama's services employment stood at 66.95% in 2025, a rise of +0.33% from 2024. Based on recent trends, this figure is projected to reach 66.64% by 2026. Panama ranked 111th globally.

Data & projection

Year Services Employment YoY change Rank
2028* trend 66.15% - -
2027* trend 66.40% - -
2026* trend 66.64% - -
2025 66.95% +0.33% #111
2024 66.62% −1.21% #110
2023 67.83% −0.10% #118
2022 67.93% +0.41% #124
2021 67.51% +0.31% #123
2020 67.20% −0.07% #120
2019 67.28% +0.76% #119
2018 66.52% +0.09% #120
2017 66.43% +0.76% #118
2016 65.67% −0.40% #116
2015 66.07% +2.36% #121
2014 63.71% +0.76% #112
2013 62.95% −1.45% #107
2012 64.40% +0.31% #116
2011 64.09% +0.92% #116
Show all years (1991-2025)
* Linear trend extrapolation

Detected Pattern

Export Boom Cycle
Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.
Reserves YoY +17.9% GDP growth 2.9% C/A balance 0.2%
Occurred 768 times, 546 successful
Reserves YoY
+25.6%
GDP growth
4.0%
C/A balance
14.5%
Reserves YoY
+14.6%
GDP growth
3.7%
C/A balance
2.9%
Reserves YoY
+12.8%
GDP growth
43.8%
C/A balance
16.4%
Reserves YoY
+12.6%
GDP growth
6.0%
C/A balance
0.5%
Reserves YoY
+38.3%
GDP growth
5.0%
C/A balance
1.2%
Reserves YoY
+18.0%
GDP growth
2.9%
C/A balance
3.9%

Analysis

Panama matched the Export Boom Cycle pattern in 1994. Historically, 71% of countries showing this pattern (546 out of 768) saw services employment improve within 24 months. View full analysis →

Frequently Asked Questions

What is Panama's services employment?

Panama's services employment was 66.95% in 2025. Ranked 111th globally. This represents a 0.5% increase from the previous year.

What was the highest services employment in Panama?

Panama's services employment peaked at 67.93% in 2022.

What was the lowest services employment in Panama?

The lowest services employment in Panama was 56.79% in 1992.

How does Panama rank in services employment?

Panama ranks 111th globally in services employment as of 2025.

What is the World Bank indicator code for services employment?

The World Bank indicator code is SL.SRV.EMPL.ZS. Data sourced from World Bank.

What is the projected services employment of Panama in 2026?

Panama's services employment is projected to reach 66.64% by 2026 based on trend extrapolation.

What is the services employment of Panama in 2025?

The services employment of Panama in 2025 was 66.95%. This ranks 111th in the world.

Cite this page

APA
Panama Services Employment. HistorySaid. Retrieved April 1, 2026, from https://historysaid.com/panama/services-employment
BibTeX
@misc{historysaid_panama_services-employment, title = {Panama Services Employment}, url = {https://historysaid.com/panama/services-employment}, publisher = {HistorySaid}, year = {2026} }