PANAMA
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THE OFFICIAL SALARY IN PANAMA IN 2024:Average salary – 1,281 Panamanian balboas per month ($1,281) Minimum wage – 1.64 to 4.95 Panamanian balboas per hour ($1.64 to $4.95) Source: Government of Panama and international recruitment agencies Panama is a state located in Central and South America on the Panama Isthmus between the Caribbean Sea and the Pacific Ocean. It borders Costa Rica to the north and Colombia to the south. |
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| INFORMATION ABOUT PANAMA (2024)Â | |
| Population | 4.5 million |
| Average life expectancy | 79 years |
| Unemployment rate | 8.1% |
| Inflation | 1.7% |
| Square | 75,517 km² |
| Form of government | Presidential constitutional republic |
| Income tax | 0–25% |
| Capital | Panama City |
| Currency | Balboa, United States dollar |
| Official Language | Spanish |
| Doing Business rank | 86 |
