In 2002, the national minimum wage in Panama remained fixed at €271.4 per month, that is 3,257 euros per year, taking into account 12 payments per year.
If we look at the minimum salary in Balboas, which is the official currency in Panama, we can see that, this year, it was 239.2 Balboas and accordingly, the national minimum wage has remained stable so workers have lost purchasing power in the last year.
If we look at the ranking of the national minimum wage that we publish, Panama is in 23 nd place of the 70 of the list.
The National Minimum Wage (NMW) of a country is the minimum amount (lowest salary) per hour, per day, or per month that employers may legally pay to workers.
In the table that follows we show you the progression of the National Minimum Wage Panama. You can see NMW in other countries in National Minimum Wage 2002 and see all the information about this country in Panama economy.