Minimum wage increase in Panama

The average rise is 3.3%, varying from 1% to 8% depending on economic activity, and will be in effect from January 15, 2020.

Tuesday, January 7, 2020

In the case of the education sector, free zones, hotels, agriculture and water supply the increase will be 1%, while in the area of Bocas del Toro where banana companies operate the adjustment will be 8%.

An official statement explains that "... The new adjustment to the minimum wage, together with the more than one billion balboas that the government has paid in arrears that the State had with different sectors and suppliers, seeks to impact the reactivation of the economy.

The two minimum wage regions are maintained in the new decree. Currently there are 37 minimum wage levels, for 85 economic activities, in at least 11 occupations.
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According to Doris Zapata, Minister of Labor and Labor Development, the adjustment for most workers who are in the minimum wage range would be 3.3%.

See Executive Decree on the minimum wage.

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From January 1, 2019, the minimum wage increase came into effect, which will be paid in accordance with economic activities and company size in relation to the number of workers.

From the COHEP statement:

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