PANAMA / SALARY

SALARY SURVEYS

150

UPDATED
March 2023
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AVERAGE SALARY / YEAR

MOST TYPICAL SALARY / YEAR

Gross income

Net (after tax)

$70,686 USD

£58,670 GBP

Panama City

$71,261 USD

$102,000 USD

£84,661 GBP

Including "Panama City"

Excluding "Panama City"

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Average Salary / Panama

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Average salary in Panama is $70,686 USD per year. The most typical earning is $102,000 USD. All data are based on 150 salary surveys. Salaries are different between men and women. Men receive an average salary of $76,400 USD. Women receive a salary of $64,400 USD.

The most paid careers are Health Care & Medical with average income $165,700 USD and Engineers & Technicians IV with income $150,000 USD.

Based on education, the highest salaries receive people with Doctorate Degree with salary of $145,800 USD. The second most paid education level is Masters Degree with salary of $81,900 USD.

Different experiences affect earning as well. People with 16-20 Years of experience receive salary of $124,600 USD. Employees with 20+ Years of experience receive $113,200 USD.

Levels / Panama (Gross USD)

Salary Levels (USD) per Year	Surveys	[%]
$10,000 USD - $14,999 USD	5	100% 3.33%
$15,000 USD - $19,999 USD	9	96.67% 6%
$20,000 USD - $24,999 USD	10	90.67% 6.67%
$25,000 USD - $29,999 USD	10	84% 6.67%
$30,000 USD - $34,999 USD	11	77.33% 7.33%
$35,000 USD - $39,999 USD	11	70% 7.33%
$40,000 USD - $44,999 USD	8	62.67% 5.33%
$45,000 USD - $49,999 USD	6	57.33% 4%
$50,000 USD - $54,999 USD	11	53.33% 7.33%
$55,000 USD - $59,999 USD	6	46% 4%
$60,000 USD - $64,999 USD	4	42% 2.67%
$65,000 USD - $69,999 USD	4	39.33% 2.67%
$70,000 USD - $74,999 USD	4	36.67% 2.67%
$75,000 USD - $79,999 USD	3	34% 2%
$80,000 USD - $84,999 USD	4	32% 2.67%
$85,000 USD - $89,999 USD	1	29.33% 0.67%
$90,000 USD - $94,999 USD	3	28.67% 2%
$95,000 USD - $99,999 USD	1	26.67% 0.67%
THE MOST TYPICAL SALARY
$100,000 USD - $104,999 USD	12	26% 8%
$105,000 USD - $109,999 USD	1	18% 0.67%
$110,000 USD - $114,999 USD	4	17.33% 2.67%
$115,000 USD - $119,999 USD	0	n/a
$120,000 USD - $124,999 USD	3	14.67% 2%
$125,000 USD - $129,999 USD	0	n/a
$130,000 USD - $134,999 USD	2	12.67% 1.33%
$135,000 USD - $139,999 USD	0	n/a
$140,000 USD - $144,999 USD	2	11.33% 1.33%
$145,000 USD - $149,999 USD	0	n/a
HIGH SALARIES
$150,000 USD - $159,999 USD	3	10% 2%
$160,000 USD - $169,999 USD	1	8% 0.67%
$170,000 USD - $179,999 USD	2	7.33% 1.33%
$180,000 USD - $189,999 USD	2	6% 1.33%
$190,000 USD - $199,999 USD	0	n/a
$200,000 USD - $209,999 USD	1	4.67% 0.67%
$210,000 USD - $219,999 USD	0	n/a
$220,000 USD - $229,999 USD	0	n/a
$230,000 USD - $239,999 USD	0	n/a
$240,000 USD - $249,999 USD	0	n/a
$250,000 USD - $349,999 USD	6	4% 4%

Gender / Panama (Gross USD)

#		Surveys		AVERAGE SALARY / YEAR
1	Men	99	$76,400 USD
2	Women	42	$64,400 USD

Education / Panama (Gross USD)

#		Surveys
1	Doctorate Degree	6	$145,800 USD
2	Masters Degree	59	$81,900 USD
3	Bachelors Degree	60	$64,500 USD
4	Bellow H. School	1	$60,000 USD
5	High School	10	$44,900 USD
6	Some College	14	$36,900 USD

Experience / Panama (Gross USD)

#		Surveys
1	16-20 Years	12	$124,600 USD
2	20+ Years	22	$113,200 USD
3	12-16 Years	15	$89,900 USD
4	8-12 Years	29	$64,900 USD
5	1-2 Years	13	$54,600 USD
6	4-8 Years	36	$49,900 USD
7	2-4 Years	20	$39,300 USD
8	0-1 Year	3	$30,700 USD

Age / Panama (Gross USD)

#		Surveys
1	46-50	14	$138,300 USD
2	51-55	5	$105,800 USD
3	56-60	5	$98,900 USD
4	41-45	15	$89,100 USD
5	36-40	27	$80,800 USD
6	61-65	1	$75,000 USD
7	31-35	34	$59,500 USD
8	26-30	27	$48,200 USD
9	n/a	10	$35,200 USD
10	21-25	12	$31,200 USD

Work Type / Panama (Gross USD)

#		Surveys
1	Part Time	3	$100,000 USD
2	Permanent	126	$70,500 USD
3	Contract	19	$69,400 USD
4	Self Employed	2	$47,500 USD

Cities / Panama (Gross USD)

#		Surveys
1	--Other--	9	$73,100 USD
2	Panama City	138	$71,300 USD
3	San Miguelito	3	$37,000 USD

Career Groups / Panama (Gross USD)

#		Surveys
1	Health Care & Medical	4	$165,700 USD
2	Engineers & Technicians IV	1	$150,000 USD
3	Marketing, Sales, Purchase	8	$118,300 USD
4	Logistics, Road, Railway	1	$110,000 USD
5	IT & Programming II	3	$105,700 USD
6	Management & Business	26	$95,200 USD
7	Media	1	$90,000 USD
8	Health Care & Medical II	4	$80,500 USD
9	Accounting & Administration	10	$73,800 USD
10	Aviation & Shipping	1	$73,000 USD
11	Human Resources	17	$67,600 USD
12	Construction & Labor Workers	5	$62,100 USD
13	Finance & Banking	9	$61,700 USD
14	IT & Programming	18	$61,200 USD
15	Organization & Coordination	3	$59,000 USD
16	Properties & Real Estates	3	$51,700 USD
17	Education & University	3	$51,300 USD
18	Public Sector	2	$48,000 USD
19	Customer Services	6	$42,300 USD
20	Engineers & Technicians	12	$39,100 USD
21	Automobile	1	$33,000 USD
22	Architect Constructions	1	$30,000 USD
23	Law	5	$26,000 USD
24	Geography & Geodesy	1	$20,000 USD
25	Hotels & Tourism	3	$18,700 USD
26	Salesmen & Saleswomen	1	$15,000 USD
27	Agriculture & Fishing	1	$12,000 USD

Careers / Panama (Gross USD)

#		Surveys
1	Marketing Executive	1	$300,000 USD
2	Other Administration Career	1	$290,000 USD
3	Doctor	1	$250,000 USD
4	Database Developer	1	$180,000 USD
5	Brand Manager	1	$164,000 USD
6	Office Manager	2	$163,300 USD
7	Purchasing Manager	1	$150,000 USD
8	Marketing	2	$127,500 USD
9	General Manager	2	$108,800 USD
10	Account Manager	1	$100,000 USD
11	Project Manager	1	$100,000 USD
12	Administrator	1	$100,000 USD
13	Doctor Specialist	1	$94,900 USD
14	Finance Manager	3	$94,700 USD
15	Human Resources Manager	9	$92,700 USD
16	Manager	3	$92,200 USD
17	Digital Media	1	$90,000 USD
18	Director	4	$87,500 USD
19	Tax Manager	1	$85,000 USD
20	Operations Manager	3	$83,000 USD
21	IT Manager	3	$75,000 USD
22	Ship Officer	1	$73,000 USD
23	IT Project Manager	4	$69,600 USD
24	Communications Manager	1	$60,000 USD
25	Communications Coordinator	1	$60,000 USD
26	Project Coordinator	2	$58,500 USD
27	Business Development Manager	2	$57,500 USD
28	Database Manager	1	$57,000 USD
29	Property Manager	1	$54,600 USD
30	Marketing Manager	3	$53,000 USD
31	Other Management Career	2	$52,000 USD
32	Financial Analyst	1	$52,000 USD
33	Chartered Financial Analyst	1	$50,000 USD
34	Other Public Sector Career	2	$48,000 USD
35	Senior Accountant	1	$48,000 USD
36	Engineer	5	$44,000 USD
37	Research Engineer	1	$38,400 USD
38	Audit Manager	2	$38,000 USD
39	Software Developer	2	$37,500 USD
40	Business Administration	2	$36,100 USD
41	Data Coordinator	2	$35,500 USD
42	Private School Teacher	1	$34,000 USD
43	Human Resource	3	$31,800 USD
44	Electrical Technician	1	$31,000 USD
45	Human Resource Coordinator	3	$29,800 USD
46	Electrical Engineer	2	$29,700 USD
47	Corporate Counsel Lawyer	1	$28,800 USD
48	Call Center	1	$28,000 USD
49	Technician	2	$26,000 USD
50	Accounting Assistant	2	$25,800 USD
51	Real Estate Agent	1	$25,600 USD
52	Customer Consultant	1	$22,000 USD
53	Lawyer	3	$21,700 USD
54	Web Developer	2	$18,000 USD
55	Receptionist	2	$18,000 USD
56	Nursing Assistant	1	$18,000 USD
57	Other Service Career	1	$16,000 USD
58	MBA	2	$14,300 USD

People's individual salary examples (surveys)

Senior Tax Associate

Posted 15 July 2022
Key knowledge and tasks

"International tax."

City	Education	Experience	Knowledge	Gross salary / year
Panama City	Bachelors Degree	4-8 Years	Advanced	$48,000 USD

Human Resources Manager

Posted 11 July 2022
Key knowledge and tasks

"Oversight of the HR Funcion at the country level."

City	Education	Experience	Knowledge	Gross salary / year
Panama City	Masters Degree	12-16 Years	Expert	$56,700 USD

Environment Technician

Posted 05 April 2022
Key knowledge and tasks

"International institution working on environment."

City	Education	Experience	Knowledge	Gross salary / year
Panama City	Masters Degree	1-2 Years	Advanced	$38,400 USD

Communications Manager

Posted 15 February 2022
Key knowledge and tasks

"Communications manager."

City	Education	Experience	Knowledge	Gross salary / year
Panama City	Bachelors Degree	2-4 Years	Advanced	$60,000 USD

Regional Business Unit Director

Posted 12 January 2022
Key knowledge and tasks

"Business Unit lead, P&L responsible, Brand, Marekting, Mechandising strategy for seasonal calendar."

City	Education	Experience	Knowledge	Gross salary / year
Panama City	Masters Degree	2-4 Years	Advanced	$110,000 USD

Due Diligence Analyst

Posted 26 November 2021
Key knowledge and tasks

"Due diligence."

City	Education	Experience	Knowledge	Gross salary / year
Panama City	Some College	2-4 Years	Advanced	$22,000 USD

Hr Coordinator

Posted 26 August 2021
Key knowledge and tasks

"Coordinate regional HR requirements, adminitrative responsibilities."

City	Education	Experience	Knowledge	Gross salary / year
San Miguelito	Masters Degree	4-8 Years	Advanced	$30,900 USD

Compensations Director

Posted 18 August 2021
Key knowledge and tasks

"Salary Structures creation."

City	Education	Experience	Knowledge	Gross salary / year
Panama City	Masters Degree	8-12 Years	Expert	$130,000 USD

Admissions Manager

Posted 15 April 2021
Key knowledge and tasks

"Direct a team of admission agents, student approval process."

City	Education	Experience	Knowledge	Gross salary / year
Panama City	Bachelors Degree	8-12 Years	Advanced	$36,000 USD

Chief Officer

Posted 25 March 2021
Key knowledge and tasks

"Master license."

City	Education	Experience	Knowledge	Gross salary / year
Panama City	Masters Degree	8-12 Years	n/a	$73,000 USD

Software Developers

Posted 07 January 2021
Key knowledge and tasks

"Software development, business intelligence, data analysis, reports, Ci, continuous integration, devops."

City	Education	Experience	Knowledge	Gross salary / year
Panama City	Masters Degree	2-4 Years	n/a	$40,000 USD

Country Manager

Posted 05 November 2020
Key knowledge and tasks

"Service Level Agreement management 
Bank reconciliation
Team lead
Supervise country wife operations."

City	Education	Experience	Knowledge	Gross salary / year
Panama City	Bachelors Degree	2-4 Years	n/a	$45,000 USD

Global Category Manager

Posted 02 November 2020
Key knowledge and tasks

"Purchasing commodities ingredients."

City	Education	Experience	Knowledge	Gross salary / year
Panama City	Bachelors Degree	8-12 Years	n/a	$150,000 USD

Administrative Manager

Posted 10 September 2020
Key knowledge and tasks

"Management, budget, payroll, logistics, purchase."

City	Education	Experience	Knowledge	Gross salary / year
Panama City	Bachelors Degree	4-8 Years	n/a	$26,700 USD

Electromechanical Engineer

Posted 24 July 2020
Key knowledge and tasks

"Electromechanical engineer with Master in Project Management. 
2D and 3D design and modeling software."

City	Education	Experience	Knowledge	Gross salary / year
Panama City	Bachelors Degree	8-12 Years	n/a	$36,000 USD

Business Intelligence Analyst

Posted 06 May 2020
Key knowledge and tasks

"Analyse business intelligence data and dashboards on social media."

City	Education	Experience	Knowledge	Gross salary / year
Panama City	Bachelors Degree	4-8 Years	n/a	$90,000 USD

Sales Manager

Posted 05 May 2020
Key knowledge and tasks

"Sales, customer service, guidance."

City	Education	Experience	Knowledge	Gross salary / year
Panama City	Bachelors Degree	12-16 Years	n/a	$25,600 USD

Shift Electrical Technician

Posted 06 April 2020
Key knowledge and tasks

"Container cranes maintenance, including PLC and variable frequency drives maintenance."

City	Education	Experience	Knowledge	Gross salary / year
Panama City	Some College	4-8 Years	n/a	$31,000 USD

Manager

Posted 02 April 2020
Key knowledge and tasks

"Accounts Payable, Payments Processing, General Ledger Reconciliation."

City	Education	Experience	Knowledge	Gross salary / year
Panama City	Bachelors Degree	16-20 Years	n/a	$100,000 USD

Marketing Coordinator

Posted 25 March 2020
Key knowledge and tasks

"Event organization."

City	Education	Experience	Knowledge	Gross salary / year
Panama City	Bachelors Degree	8-12 Years	n/a	$55,000 USD

Mobile Wireless Network Engineer

Posted 18 January 2020
Key knowledge and tasks

"Implement wide quantity of sites of 3G and 4G sites near 5 years experience. 
Implement OSS solutions for Huawei Mobile Network. 
Technical Director for one telecommunciation mobile operator at Panama city for 2 years. 
Currently Service Project Manager for biggest operator in Panama City, main tasks consist on keep Huawei Network Secure and Stable throughout Network Health Checks, Drillings, Periodic Network testing, licenses and EOS dates updated."

City	Education	Experience	Knowledge	Gross salary / year
Panama City	Bachelors Degree	8-12 Years	n/a	$27,000 USD

Software Manager

Posted 07 December 2019
Key knowledge and tasks

"I'm an expert in software project with 20+ year experience developing comercial software here in Panama."

City	Education	Experience	Knowledge	Gross salary / year
Panama City	Masters Degree	20+ Years	n/a	$72,000 USD

Database Developer

Posted 03 December 2019
Key knowledge and tasks

"Develop database application and manage data."

City	Education	Experience	Knowledge	Gross salary / year
Panama City	High School	20+ Years	n/a	$180,000 USD

Therapeutic Area Head

Posted 03 December 2019
Key knowledge and tasks

"Med school and two specialties in Mexico. Entrance to pharma industry 8 year ago. Relocated recently in Panama."

City	Education	Experience	Knowledge	Gross salary / year
Panama City	Masters Degree	4-8 Years	n/a	$94,900 USD

Regional Facility Manager

Posted 21 November 2019
Key knowledge and tasks

"Enterprise Facility Manager in the RE field."

City	Education	Experience	Knowledge	Gross salary / year
Panama City	Bachelors Degree	8-12 Years	n/a	$54,600 USD

Psychiatrist

Posted 04 November 2019
Key knowledge and tasks

"Work with patients who have psychiatric disorders and create a medical plan."

City	Education	Experience	Knowledge	Gross salary / year
Panama City	Doctorate Degree	1-2 Years	n/a	$250,000 USD

Head Of Finance And Operations

Posted 31 October 2019
Key knowledge and tasks

"Manage budget, forecast and operations."

City	Education	Experience	Knowledge	Gross salary / year
Panama City	Masters Degree	4-8 Years	n/a	$54,100 USD

Project Manager

Posted 24 September 2019
Key knowledge and tasks

"Program and Project Management."

City	Education	Experience	Knowledge	Gross salary / year
Panama City	Bachelors Degree	20+ Years	n/a	$26,400 USD

Chief Information Officer

Posted 19 September 2019
Key knowledge and tasks

"Strategy design and develop for the technology department."

City	Education	Experience	Knowledge	Gross salary / year
Panama City	Masters Degree	20+ Years	n/a	$300,000 USD

Senior Marketing Director

Posted 16 September 2019
Key knowledge and tasks

"P&L, Advertising, Promotion, Digital Marketing."

City	Education	Experience	Knowledge	Gross salary / year
Panama City	Masters Degree	16-20 Years	n/a	$300,000 USD

Software Developer

Posted 09 September 2019
Key knowledge and tasks

"Develop things."

City	Education	Experience	Knowledge	Gross salary / year
Panama City	Masters Degree	4-8 Years	n/a	$35,000 USD

Research Analyst

Posted 23 July 2019
Key knowledge and tasks

"Manufacturing due dilligence reports."

City	Education	Experience	Knowledge	Gross salary / year
Panama City	Bachelors Degree	1-2 Years	n/a	$16,000 USD

Associate Manager

Posted 02 July 2019
Key knowledge and tasks

"Research of connectivity solutions."

City	Education	Experience	Knowledge	Gross salary / year
Panama City	Bachelors Degree	16-20 Years	n/a	$130,000 USD

Tax Manager

Posted 26 June 2019
Key knowledge and tasks

"Manage Global Projects; ensure compliance; support tax audits."

City	Education	Experience	Knowledge	Gross salary / year
Panama City	Masters Degree	4-8 Years	n/a	$85,000 USD

Finance & Administration Director

Posted 04 June 2019
Key knowledge and tasks

"F&A, IT, PS & Legal."

City	Education	Experience	Knowledge	Gross salary / year
Panama City	Masters Degree	20+ Years	n/a	$290,000 USD

General Manager

Posted 28 May 2019
Key knowledge and tasks

"Managing a regional team."

City	Education	Experience	Knowledge	Gross salary / year
Panama City	Bachelors Degree	12-16 Years	n/a	$120,000 USD

Tech Senior Acc

Posted 08 May 2019
Key knowledge and tasks

"Tech for 7 years."

City	Education	Experience	Knowledge	Gross salary / year
Panama City	High School	4-8 Years	n/a	$28,000 USD

Partner

Posted 08 May 2019
Key knowledge and tasks

"Head of corporate deparment."

City	Education	Experience	Knowledge	Gross salary / year
Panama City	Masters Degree	8-12 Years	n/a	$28,800 USD

Senior Manager

Posted 03 May 2019
Key knowledge and tasks

"1. Lead innovation effort for total region
2. Consulting
3. Lean startup."

City	Education	Experience	Knowledge	Gross salary / year
Panama City	Bachelors Degree	16-20 Years	n/a	$164,000 USD

Purchases Group Manager

Posted 23 April 2019
Key knowledge and tasks

"Head of Procurement with regional responsabilities in Latin America for several countries (7 - 8), assuring supply of direct materials or indirect services while improving and reducing prices year on year (offseting inflation). Managed a team of 8 people."

City	Education	Experience	Knowledge	Gross salary / year
Panama City	Masters Degree	20+ Years	n/a	$150,000 USD

Human Resources Manager

Posted 21 March 2019
Key knowledge and tasks

"Resposible for recruitment and selection. Develop training programs. Follow up the salary market for being competitive."

City	Education	Experience	Knowledge	Gross salary / year
Panama City	Bachelors Degree	20+ Years	n/a	$40,000 USD

Attorney At Law-head Of Corporate Department

Posted 07 March 2019
Key knowledge and tasks

"I manage the corporate department."

City	Education	Experience	Knowledge	Gross salary / year
Panama City	Masters Degree	12-16 Years	n/a	$29,000 USD

Hr Rigional Manager Latam

Posted 22 February 2019
Key knowledge and tasks

"+15 yrs working in HR roles within Multinational Companies."

City	Education	Experience	Knowledge	Gross salary / year
Panama City	Bachelors Degree	20+ Years	n/a	$104,500 USD

Business Analyst

Posted 12 February 2019
Key knowledge and tasks

"Copa airlines analyst."

City	Education	Experience	Knowledge	Gross salary / year
Panama City	Bachelors Degree	2-4 Years	n/a	$15,000 USD

Human Resources Coordinator

Posted 08 February 2019
Key knowledge and tasks

"Human Resources Coordinator."

City	Education	Experience	Knowledge	Gross salary / year
Panama City	Bachelors Degree	4-8 Years	n/a	$26,000 USD

Senior Financial Analyst

Posted 02 February 2019
Key knowledge and tasks

"Senior Financial Analyst."

City	Education	Experience	Knowledge	Gross salary / year
Panama City	Masters Degree	4-8 Years	n/a	$52,000 USD

Hvac Tech

Posted 05 January 2019
Key knowledge and tasks

"HVAC a/c repairs tech."

City	Education	Experience	Knowledge	Gross salary / year
Panama City	Some College	1-2 Years	n/a	$40,000 USD

Operations Analyst

Posted 02 January 2019
Key knowledge and tasks

"Coordinating with data intake teams to onboard new data for processing and review."

City	Education	Experience	Knowledge	Gross salary / year
Panama City	Bachelors Degree	2-4 Years	n/a	$26,000 USD

Hris Manager

Posted 01 November 2018
Key knowledge and tasks

"Creating policies, maintaining data integrity, creating and improving business processes."

City	Education	Experience	Knowledge	Gross salary / year
Panama City	Bachelors Degree	8-12 Years	n/a	$57,000 USD

Sales And Operations

Posted 17 October 2018
Key knowledge and tasks

"Sales and operations."

City	Education	Experience	Knowledge	Gross salary / year
Panama City	Bachelors Degree	4-8 Years	n/a	$39,000 USD

ECONOMY / Panama

The economy in Panama has a history with a low inflation rate, and it is highly based on the U.S. dollar. The services accounts almost 80% of its GDP. They include the Panama Canal, Colón Free Trade Zone, container ports, insurance, medical and health, and other business. The poverty in panama was reduced from 37% in 2001 to 12% in year 2012. Anyway, Panama still remain the 2nd most unequal by its income in Latin America.

Panama City