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Economy, jobs and prices in Ngabe Bugle, Panama: official figures

The unemployment rate in Ngabe Bugle was 2.4% of the labour force in October 2024, 7.1 pp lower than the national figure (9.5%) and the lowest of 13 provinces and comarcas.

Unemployment rate
2.4
October 2024

Is unemployment rising in Ngabe Bugle?

In Ngabe Bugle the unemployment rate rose from 2.3% in August 2023 to 2.4% in October 2024 (+0.1 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 Ngabe Bugle?

96,043 of the 127,459 people aged 15 and over in Ngabe Bugle were in the labour force in October 2024, a participation rate of 75.4% against 63.3% nationally (2nd 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 Ngabe Bugle?

In October 2024 93,730 people were employed in Ngabe Bugle, 73.5% of everyone aged 15 and over, compared with 57.3% nationally (2nd highest 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 Ngabe Bugle?

In October 2024 unemployment in Ngabe Bugle was 2.4% among men and 2.4% among women, an overall rate of 2.4%.

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

What is the open unemployment rate in Ngabe Bugle?

Open unemployment (people who searched for work and were available) was 1.8% of the labour force in Ngabe Bugle in October 2024, against 7.8% nationally; the rest of the 2.4% 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 Ngabe Bugle are underemployed?

Invisible underemployment, an INEC underemployment category, covered 12.8% of employed people in Ngabe Bugle in October 2024, against 11.9% nationally and 13.9% in Ngabe Bugle in August 2023 (6th highest 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 Ngabe Bugle compares with other provinces

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

Ngabe Bugle ranks 12 of 12, highest first.

RankRegionUnemployment rate (% of labour force)
6Cocle5.8%
7Darien4.8%
8Herrera3.3%
9Embera2.9%
10Los Santos2.7%
11Kuna Yala2.5%
12Ngabe Bugle2.4%
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)

Ngabe Bugle ranks 2 of 12, highest first.

RankRegionLabour force participation rate (age 15+)
1Embera81.5%
2Ngabe Bugle75.4%
3Darien70.2%
4Cocle69.2%
5Bocas Del Toro68.1%
6Panama63.6%
7Chiriqui61.6%
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)

Ngabe Bugle ranks 2 of 12, highest first.

RankRegionEmployed people as % of population aged 15+
1Embera79.1%
2Ngabe Bugle73.5%
3Darien66.8%
4Cocle65.2%
5Bocas Del Toro63.6%
6Los Santos59.3%
7Kuna Yala58.4%
Source: Instituto Nacional de Estadistica y Censo (INEC), Contraloria General de la Republica de Panama · saved copy

Invisible underemployment (% of employed) (October 2024)

Ngabe Bugle ranks 6 of 12, highest first.

RankRegionInvisible underemployment (% of employed)
3Embera15.7%
4Colon15.0%
5Herrera13.7%
6Ngabe Bugle12.8%
7Veraguas12.8%
8Chiriqui12.2%
9Cocle12.1%
Source: Instituto Nacional de Estadistica y Censo (INEC), Contraloria General de la Republica de Panama · saved copy

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

Sources

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