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Everything you need to know to work in Panama

Panama's labour market

Panama's unemployment rate in recent years has hovered just above 5%, a rate which many employers consider about right, because it means the country's labor market is relatively content but not complacent. Too high a rate creates general unease, while if it is too low, there is no incentive for the workforce to study, train and generally improve itself.

Find a job in Panama

The most important thing about finding a job in Panama is to do it before you move there – and it may be a challenge. Like most countries, Panama is keen to address unemployment amongst its population, so, while your expertise may be beneficial, employers may want to first try and fill an available position with a Panamanian citizen with the relevent skills.

Work in Panama City

Panama has a wide range of industries providing job opportunities for expats – bearing in mind that the country puts its own people first and anyone wishing to come in and fill a vacancy must be deemed to have skills and/or a level of ability above that of local candidates. Opportunities are available in industries including finance, construction, manufacturing, agriculture and hospitality.

Setting up a business in Panama

Panama is an excellent place for an entrepreneur. Setting up a company is not difficult, the available workforce is suitable to fulfil most of your staffing requirements and it is permissible to bring in specialists from abroad if you can't find the right people locally.

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Added on 02/03/2024

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