Located in Central America, Panama was originally home to indigenous tribes at the time of Spanish conquest in the 16th century. Following independence from Spain, it joined an alliance eventually known as the Republic of Colombia. However, it subsequently seceded from Colombia, paving the way for the Panama Canal to be built by the US Army Corps of Engineers between 1904 and 1914. Income from canal tolls continue to represent a significant part of Panama’s GDP.

Panama has a distinct geography with its central line of mountains and hills forming the continental divide. Its wildlife is considered the most diverse in the region and is home to many South American species such as several varieties of monkeys like white-faced capuchins and squirrel monkeys, as well as Geoffroy’s tamarin which are unique to its land. Its jungles contain big cats such as jaguars and pumas while its coral reefs sport a multitude of tropical fish.

The majority of Panamanians speak Spanish as their first language while native languages such as Ngäbere are spoken widely in the tribal territories.

Average Monthly Earnings

Employment-to-Population Ratio

Unemployment Rate

Employment by Sector

Agriculture 14.4%
Industry 17.7%
Services 67.9%

Employment Distribution by Education

Age 15+

Less than Basic 8.9%
Basic 36.9%
Intermediate 37.6%
Advanced 16.6%
Level Not Stated 0%

Age 15-24

Less than Basic 4.5%
Basic 43.3%
Intermediate 48.4%
Advanced 3.8%
Level Not Stated 0%

Age 15-64

Less than Basic 7.2%
Basic 36.5%
Intermediate 39.3%
Advanced 17.0%
Level Not Stated 0%

Age 25+

Less than Basic 9.7%
Basic 35.8%
Intermediate 35.7%
Advanced 18.8%
Level Not Stated 0%

Schedule a Demo

Get help with #globalHR challenges in 150+ countries with our easy-to-use platform. Manage your employee compliance, get automated alerts, and more: https://t.co/9xfoYBP5i3

#Tazaungmone is a public holiday in #Myanmar that takes place during the full moon of the eighth month of the Burmese calendar, or typically in November in the Western calendar. #globalcompliance #globalhr #globalpeoplestrategist #globalholidays

November 26 is #RepublicDay in #Mongolia, also referred to as Proclamation Day, when the proclamation of the Mongolian People's Republic was made on this day in 1924, making Mongolia the second communist country. #globalcompliance #globalhr #globalpeoplestrategist #globalholidays

Suriname commemorates Independence Day on November 25 each year. The country gained its independence from the Netherlands on this day in 1975. #globalcompliance #globalhr #globalpeoplestrategist #globalholidays #Suriname #IndependenceDay #Onafhankelijkheidsdag

#Tanzania has made sweeping changes to labor laws due to COVID. Updates include sick leave policies, labor contracts, and more. #globalcompliance https://t.co/iKiiSoRf3I

Load More...