Key information about Panama Monthly Earnings

• Panama Monthly Earnings stood at 1,288 USD in Aug 2023, compared with the previous figure of 1,287 USD in Aug 2022
• Panama Monthly Earnings data is updated yearly, available from Aug 1970 to Aug 2023, with an average number of 520 USD
• The data reached the an all-time high of 1,422 USD in Aug 2018 and a record low of 198 USD in Aug 1970

CEIC converts Monthly Earnings into USD. The National Institute of Statistics and Census provides Average Monthly Earnings in local currency. The International Monetary Fund average market exchange rate is used for currency conversions. Monthly Earnings are in annual frequency, ending in August of each year.


Further information about Panama Monthly Earnings

• In the latest reports, Panama Population reached 5 million people in Jun 2024
• Unemployment Rate of Panama dropped to 7 % in Aug 2023
• The country's Labour Force Participation Rate increased to 62 % in Aug 2023

Wages in Panama increased to 1288 PAB/Month in 2023 from 1287 PAB/Month in 2022. This dataset provides - Panama Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The national gross income per capita in Panama amounted to 17,870 U.S. dollars in 2023. Between 1962 and 2023, the national gross income rose by 17,370 U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend.

About this dataset

Context

The dataset presents the distribution of median household income among distinct age brackets of householders in Panama City. Based on the latest 2019-2023 5-Year Estimates from the American Community Survey, it displays how income varies among householders of different ages in Panama City. It showcases how household incomes typically rise as the head of the household gets older. The dataset can be utilized to gain insights into age-based household income trends and explore the variations in incomes across households.

Key observations: Insights from 2023

In terms of income distribution across age cohorts, in Panama City, householders within the 25 to 44 years age group have the highest median household income at $67,880, followed by those in the under 25 years age group with an income of $67,832. Meanwhile householders within the 45 to 64 years age group report the second lowest median household income of $62,218. Notably, householders within the 65 years and over age group, had the lowest median household income at $48,859.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates. All incomes have been adjusting for inflation and are presented in 2023-inflation-adjusted dollars.

Age groups classifications include:

• Under 25 years
• 25 to 44 years
• 45 to 64 years
• 65 years and over

Variables / Data Columns

• Age Of The Head Of Household: This column presents the age of the head of household
• Median Household Income: Median household income, in 2023 inflation-adjusted dollars for the specific age group

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Panama City median household income by age. You can refer the same here

About this dataset

Context

The dataset presents the mean household income for each of the five quintiles in Panama City, FL, as reported by the U.S. Census Bureau. The dataset highlights the variation in mean household income across quintiles, offering valuable insights into income distribution and inequality.

Key observations

• Income disparities: The mean income of the lowest quintile (20% of households with the lowest income) is 14,336, while the mean income for the highest quintile (20% of households with the highest income) is 216,788. This indicates that the top earners earn 15 times compared to the lowest earners.
• *Top 5%: * The mean household income for the wealthiest population (top 5%) is 421,571, which is 194.46% higher compared to the highest quintile, and 2940.65% higher compared to the lowest quintile.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates.

Income Levels:

• Lowest Quintile
• Second Quintile
• Third Quintile
• Fourth Quintile
• Highest Quintile
• Top 5 Percent

Variables / Data Columns

• Income Level: This column showcases the income levels (As mentioned above).
• Mean Household Income: Mean household income, in 2023 inflation-adjusted dollars for the specific income level.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Panama City median household income. You can refer the same here

Graph and download economic data for 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Bay County, FL (MHICIUBFL12005A052NCEN) from 1989 to 2023 about Bay County, FL; Panama City; FL; households; median; income; and USA.

The Gross Domestic Product per capita in Panama was last recorded at 17137.35 US dollars in 2024. The GDP per Capita in Panama is equivalent to 136 percent of the world's average. This dataset provides - Panama GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

About this dataset

Context

The dataset illustrates the median household income in Panama, spanning the years from 2010 to 2023, with all figures adjusted to 2023 inflation-adjusted dollars. Based on the latest 2019-2023 5-Year Estimates from the American Community Survey, it displays how income varied over the last decade. The dataset can be utilized to gain insights into median household income trends and explore income variations.

Key observations:

From 2010 to 2023, the median household income for Panama increased by $27,782 (85.98%), as per the American Community Survey estimates. In comparison, median household income for the United States increased by $5,602 (7.68%) between 2010 and 2023.

Analyzing the trend in median household income between the years 2010 and 2023, spanning 13 annual cycles, we observed that median household income, when adjusted for 2023 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS), experienced growth year by year for 8 years and declined for 5 years.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates. All incomes have been adjusting for inflation and are presented in 2022-inflation-adjusted dollars.

Years for which data is available:

• 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 0223

Variables / Data Columns

• Year: This column presents the data year from 2010 to 2023
• Median Household Income: Median household income, in 2023 inflation-adjusted dollars for the specific year
• YOY Change($): Change in median household income between the current and the previous year, in 2023 inflation-adjusted dollars
• YOY Change(%): Percent change in median household income between current and the previous year

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Panama median household income. You can refer the same here

Graph and download economic data for Estimate of Median Household Income for Bay County, FL (MHIFL12005A052NCEN) from 1989 to 2023 about Bay County, FL; Panama City; FL; households; median; income; and USA.

Panama Central Government Operations: Expenditure: Current: Wages & Salaries data was reported at 2.822 USD bn in 2017. This records an increase from the previous number of 2.505 USD bn for 2016. Panama Central Government Operations: Expenditure: Current: Wages & Salaries data is updated yearly, averaging 767.600 USD mn from Dec 1993 (Median) to 2017, with 25 observations. The data reached an all-time high of 2.822 USD bn in 2017 and a record low of 503.000 USD mn in 1993. Panama Central Government Operations: Expenditure: Current: Wages & Salaries data remains active status in CEIC and is reported by Ministry of Economy and Finance. The data is categorized under Global Database’s Panama – Table PA.F003: Central Government Operations: Ministry of Economy and Finance.

Average Monthly Earning data was reported at 1,287.851 PAB in 2023. This records an increase from the previous number of 1,287.109 PAB for 2022. Average Monthly Earning data is updated yearly, averaging 519.885 PAB from Aug 1970 (Median) to 2023, with 48 observations. The data reached an all-time high of 1,422.029 PAB in 2018 and a record low of 198.020 PAB in 1970. Average Monthly Earning data remains active status in CEIC and is reported by National Institute of Statistics and Census. The data is categorized under Global Database’s Panama – Table PA.G016: Average Monthly Earnings.

Graph and download economic data for Average Weekly Wages for Employees in State Government Establishments in Panama City-Lynn Haven, FL (MSA) (ENUC374640210SA) from Q1 1990 to Q4 2024 about Panama City, state govt, establishments, average, FL, wages, government, employment, and USA.

About this dataset

Context

The dataset presents the the household distribution across 16 income brackets among four distinct age groups in Panama City: Under 25 years, 25-44 years, 45-64 years, and over 65 years. The dataset highlights the variation in household income, offering valuable insights into economic trends and disparities within different age categories, aiding in data analysis and decision-making..

Key observations

• Upon closer examination of the distribution of households among age brackets, it reveals that there are 552(3.73%) households where the householder is under 25 years old, 5,359(36.19%) households with a householder aged between 25 and 44 years, 5,171(34.92%) households with a householder aged between 45 and 64 years, and 3,725(25.16%) households where the householder is over 65 years old.
• In Panama City, the age group of 25 to 44 years stands out with both the highest median income and the maximum share of households. This alignment suggests a financially stable demographic, indicating an established community with stable careers and higher incomes.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates.

Income brackets:

• Less than $10,000
• $10,000 to $14,999
• $15,000 to $19,999
• $20,000 to $24,999
• $25,000 to $29,999
• $30,000 to $34,999
• $35,000 to $39,999
• $40,000 to $44,999
• $45,000 to $49,999
• $50,000 to $59,999
• $60,000 to $74,999
• $75,000 to $99,999
• $100,000 to $124,999
• $125,000 to $149,999
• $150,000 to $199,999
• $200,000 or more

Variables / Data Columns

• Household Income: This column showcases 16 income brackets ranging from Under $10,000 to $200,000+ ( As mentioned above).
• Under 25 years: The count of households led by a head of household under 25 years old with income within a specified income bracket.
• 25 to 44 years: The count of households led by a head of household 25 to 44 years old with income within a specified income bracket.
• 45 to 64 years: The count of households led by a head of household 45 to 64 years old with income within a specified income bracket.
• 65 years and over: The count of households led by a head of household 65 years and over old with income within a specified income bracket.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Panama City median household income by age. You can refer the same here

Panama PA: Survey Mean Consumption or Income per Capita: Total Population: Annualized Average Growth Rate data was reported at 3.890 % in 2016. Panama PA: Survey Mean Consumption or Income per Capita: Total Population: Annualized Average Growth Rate data is updated yearly, averaging 3.890 % from Dec 2016 (Median) to 2016, with 1 observations. Panama PA: Survey Mean Consumption or Income per Capita: Total Population: Annualized Average Growth Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Panama – Table PA.World Bank.WDI: Poverty. The growth rate in the welfare aggregate of the total population is computed as the annualized average growth rate in per capita real consumption or income of the total population in the income distribution in a country from household surveys over a roughly 5-year period. Mean per capita real consumption or income is measured at 2011 Purchasing Power Parity (PPP) using the PovcalNet (http://iresearch.worldbank.org/PovcalNet). For some countries means are not reported due to grouped and/or confidential data. The annualized growth rate is computed as (Mean in final year/Mean in initial year)^(1/(Final year - Initial year)) - 1. The reference year is the year in which the underlying household survey data was collected. In cases for which the data collection period bridged two calendar years, the first year in which data were collected is reported. The initial year refers to the nearest survey collected 5 years before the most recent survey available, only surveys collected between 3 and 7 years before the most recent survey are considered. The final year refers to the most recent survey available between 2011 and 2015. Growth rates for Iraq are based on survey means of 2005 PPP$. The coverage and quality of the 2011 PPP price data for Iraq and most other North African and Middle Eastern countries were hindered by the exceptional period of instability they faced at the time of the 2011 exercise of the International Comparison Program. See PovcalNet for detailed explanations.; ; World Bank, Global Database of Shared Prosperity (GDSP) circa 2010-2015 (http://www.worldbank.org/en/topic/poverty/brief/global-database-of-shared-prosperity).; ; The comparability of welfare aggregates (consumption or income) for the chosen years T0 and T1 is assessed for every country. If comparability across the two surveys is a major concern for a country, the selection criteria are re-applied to select the next best survey year(s). Annualized growth rates are calculated between the survey years, using a compound growth formula. The survey years defining the period for which growth rates are calculated and the type of welfare aggregate used to calculate the growth rates are noted in the footnotes.

Graph and download economic data for Average Hourly Earnings of All Employees: Total Private in Panama City, FL (MSA) (SMU12374600500000003A) from 2007 to 2024 about Panama City, earnings, hours, FL, private, employment, and USA.

Real Per Capita Personal Income for Panama City, FL (MSA) was 47591.00000 Chn. 2009 $ in January of 2023, according to the United States Federal Reserve. Historically, Real Per Capita Personal Income for Panama City, FL (MSA) reached a record high of 51625.00000 in January of 2021 and a record low of 39077.00000 in January of 2013. Trading Economics provides the current actual value, an historical data chart and related indicators for Real Per Capita Personal Income for Panama City, FL (MSA) - last updated from the United States Federal Reserve on July of 2025.

Annualized average growth rate in per capita real survey mean consumption or income, bottom 40% of population (%) in Panama was reported at --1.04 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Panama - Annualized average growth rate in per capita real survey mean consumption or income, bottom 40% of population - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Graph and download economic data for Average Weekly Earnings of All Employees: Total Private in Panama City-Panama City Beach, FL (MSA) (SMU12374600500000011) from Jan 2007 to May 2025 about Panama City, earnings, FL, private, employment, and USA.

Panama: Income, profits, and capital gains taxes: percent of revenue: The latest value from 2021 is 29.06 percent, a decline from 30.84 percent in 2020. In comparison, the world average is 28.52 percent, based on data from 117 countries. Historically, the average for Panama from 2014 to 2021 is 31.32 percent. The minimum value, 29.06 percent, was reached in 2021 while the maximum of 34.2 percent was recorded in 2016.

Panama scored 0.72 in the gender gap index area of economic participation and opportunity in 2025. This means that women are 28 percent less likely to have equal economic participation and opportunities than men. That year, the country scored 0.71 in estimated earned income, which shows that, on average, women in Panama earn 71 percent of the income earned by men.