Panama Services Employment
Employment in services SL.SRV.EMPL.ZS
Panama's services employment was 66.95% in 2025, ranked 111th globally. This represents a 0.5% increase from 2024. Data from World Bank, covering 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.
Panama's services employment has shown a steady increase over the past three and a half decades, with a notable rise from its all-time trough of 56.79 in 1992 to its current value of 66.95. The country's services sector has consistently employed a significant portion of its workforce, with a peak of 67.93 in 2022. This trend is comparable to that of Bulgaria, which also experienced a rise in services employment, reaching a value of 67.43. Panama's services employment rate has surpassed that of Suriname, ranking 111 globally. The services sector's growth has likely contributed to the country's economic development, particularly in the tourism and financial services industries. However, Panama's services employment rate may face challenges in the future due to potential shifts in global economic trends, such as a decline in international tourism or a rise in remote work, which could alter the trajectory of the country's services sector growth.
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 |
Detected Pattern
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
Panama's services employment was 66.95% in 2025. Ranked 111th globally. This represents a 0.5% increase from the previous year.
Panama's services employment peaked at 67.93% in 2022.
The lowest services employment in Panama was 56.79% in 1992.
Panama ranks 111th globally in services employment as of 2025.
The World Bank indicator code is SL.SRV.EMPL.ZS. Data sourced from World Bank.
Panama's services employment is projected to reach 66.64% by 2026 based on trend extrapolation.
The services employment of Panama in 2025 was 66.95%. This ranks 111th in the world.
Cite this page
@misc{historysaid_panama_services-employment,
title = {Panama Services Employment},
url = {https://historysaid.com/panama/services-employment/},
publisher = {HistorySaid},
year = {2026}
}