Work & incomePanama
Minimum wage in Panama
What must a month of work pay, at minimum, in what it buys?
Panama's minimum wage is $943 PPP/mo — #23 of 85 countries on the atlas (higher is better). Period 2024.
$943PPP/mo
Source: ILO monthly earnings of employees (EAR_EMTA mean + EAR_EMTM median)
The law in Panama sets the floor at about $943 a month, measured in dollars adjusted for what they buy locally.
Among 85 countries
- Rank
- #23 of 85
- higher is better
- Ranked behind
- 73 %
- 62 of 85 countries
In Americas: #8 of 25vs median $619 PPP/mo: +52 % (better)
The neighbourhood
| # | Country | Minimum wage (PPP) | vs Panama |
|---|---|---|---|
| 21 | Indonesia | $993 PPP/mo | +$49 PPP/mo |
| 22 | Guatemala | $963 PPP/mo | +$19 PPP/mo |
| 23 | Panama | $943 PPP/mo | — |
| 24 | Belize | $940 PPP/mo | −$3 PPP/mo |
| 25 | Honduras | $929 PPP/mo | −$15 PPP/mo |
Statutory gross monthly minimum wage in PPP international dollars (ILO). Reaches 82 countries where the euro field reaches 22 — a different currency basis and collection, so it is its own field. Countries with no statutory minimum (the Nordics, Austria, Italy…) are empty by design.
How to read this figure
The statutory gross monthly minimum wage from the ILO, in PPP international dollars — what the law requires a month of full-time work to pay, measured in what that pay buys locally. A separate field from the euro minimum wage: different currency basis and collection, and it reaches 82 countries against Eurostat’s 22. The same caveat applies — countries without a statutory minimum (the Nordics, Austria, Italy…) are empty because their wage floors live in collective agreements, not in law.