National minimum wage
Minimum wage in Panama
$768 per month
Effective 2024 · Source: en.wikipedia.org
Uses USD. Hourly rates vary by region/sector (B/.1.53-4.45/hr). Representative monthly.
Earnings calculator
Adjust the wage or the hours you work to see gross weekly, monthly and annual pay.
- Hourly
- $4.43
- Daily
- $35.45
- Weekly
- $177
- Monthly
- $768
- Annual
- $9,216
Gross earnings before tax and deductions. Weekly/monthly/annual figures assume 40 paid hours every week of the year. Actual take-home depends on local taxes, benefits, and hours worked.
- Hourly
- $4.43
- Weekly (40h)
- $177
- Monthly
- $768
- Annual
- $9,216
Minimum wage in Panama: FAQ
- What is the minimum wage in Panama?
- The minimum wage in Panama is $768 per month, effective 2024.
- How much is that per year at full time?
- At 40 hours a week for 52 weeks, the Panama minimum wage works out to about $9,216 in gross annual pay, before tax and deductions.
- Are there exceptions or upcoming changes?
- Uses USD. Hourly rates vary by region/sector (B/.1.53-4.45/hr). Representative monthly.