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Economy, jobs and prices in Chiriqui, Panama: official figures

The unemployment rate in Chiriqui was 9.0% of the labour force in October 2024, 0.5 pp lower than the national figure (9.5%) and 4th highest of 13 provinces and comarcas.

Unemployment rate
9
October 2024

Is unemployment rising in Chiriqui?

In Chiriqui the unemployment rate rose from 6.3% in August 2023 to 9.0% in October 2024 (+2.7 points); nationally it went from 7.4% to 9.5%.

Source: Instituto Nacional de Estadistica y Censo (INEC), Contraloria General de la Republica de Panama · saved copy

How many people are in the labour force in Chiriqui?

244,655 of the 396,906 people aged 15 and over in Chiriqui were in the labour force in October 2024, a participation rate of 61.6% against 63.3% nationally (7th highest of 13 provinces and comarcas).

Source: Instituto Nacional de Estadistica y Censo (INEC), Contraloria General de la Republica de Panama · saved copy

How many people are employed in Chiriqui?

In October 2024 222,613 people were employed in Chiriqui, 56.1% of everyone aged 15 and over, compared with 57.3% nationally (5th lowest of 13 provinces and comarcas).

Source: Instituto Nacional de Estadistica y Censo (INEC), Contraloria General de la Republica de Panama · saved copy

Is unemployment higher for women than men in Chiriqui?

In October 2024 unemployment in Chiriqui was 6.9% among men and 12.0% among women, an overall rate of 9.0%.

Source: Instituto Nacional de Estadistica y Censo (INEC), Contraloria General de la Republica de Panama · saved copy

What is the open unemployment rate in Chiriqui?

Open unemployment (people who searched for work and were available) was 7.7% of the labour force in Chiriqui in October 2024, against 7.8% nationally; the rest of the 9.0% unemployment rate is hidden unemployment, such as people who stopped looking.

Source: Instituto Nacional de Estadistica y Censo (INEC), Contraloria General de la Republica de Panama · saved copy

What share of workers in Chiriqui are underemployed?

Invisible underemployment, an INEC underemployment category, covered 12.2% of employed people in Chiriqui in October 2024, against 11.9% nationally and 17.8% in Chiriqui in August 2023 (6th lowest of 13 provinces and comarcas in October 2024).

Source: Instituto Nacional de Estadistica y Censo (INEC), Contraloria General de la Republica de Panama · saved copy

How Chiriqui compares with other provinces

Unemployment rate (% of labour force) (October 2024)

Chiriqui ranks 3 of 12, highest first.

RankRegionUnemployment rate (% of labour force)
1Panama12.4%
2Colon10.3%
3Chiriqui9.0%
4Veraguas7.1%
5Bocas Del Toro6.7%
6Cocle5.8%
7Darien4.8%
Source: Instituto Nacional de Estadistica y Censo (INEC), Contraloria General de la Republica de Panama · saved copy

Labour force participation rate (age 15+) (October 2024)

Chiriqui ranks 7 of 12, highest first.

RankRegionLabour force participation rate (age 15+)
4Cocle69.2%
5Bocas Del Toro68.1%
6Panama63.6%
7Chiriqui61.6%
8Los Santos60.9%
9Colon60.0%
10Kuna Yala59.9%
Source: Instituto Nacional de Estadistica y Censo (INEC), Contraloria General de la Republica de Panama · saved copy

Employed people as % of population aged 15+ (October 2024)

Chiriqui ranks 9 of 12, highest first.

RankRegionEmployed people as % of population aged 15+
6Los Santos59.3%
7Kuna Yala58.4%
8Herrera56.6%
9Chiriqui56.1%
10Panama55.7%
11Veraguas55.5%
12Colon53.8%
Source: Instituto Nacional de Estadistica y Censo (INEC), Contraloria General de la Republica de Panama · saved copy

Invisible underemployment (% of employed) (October 2024)

Chiriqui ranks 8 of 12, highest first.

RankRegionInvisible underemployment (% of employed)
5Herrera13.7%
6Ngabe Bugle12.8%
7Veraguas12.8%
8Chiriqui12.2%
9Cocle12.1%
10Bocas Del Toro12.0%
11Panama10.5%
Source: Instituto Nacional de Estadistica y Censo (INEC), Contraloria General de la Republica de Panama · saved copy

More on Chiriqui: overview · health · education and schools · poverty and living standards · Panama

Sources

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