In 2003, the national minimum wage in Panama remained fixed at €234 per month, that is 2,808 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 245.4 Balboas and accordingly, the national minimum wage has been raised 6.2 Balboas per month from the previous year, 2.59%. in the last year.
If we look at the ranking of the national minimum wage that we publish, Panama is in 22 nd place of the 72 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 2003 and see all the information about this country in Panama economy.