average salary in Panama PANAMA SALARY

Average gross salary for Panama GROSS SALARY
US$ 67,843
Average net salary for Panama NET SALARY
US$ 53,017
The most typical salary for Panama MOST TYPICAL GROSS
US$ 24,526
  Updated: 10 Sep 2020   Diff. gross vs. net: 21%
  Salary entries: 143

Average salary in Panama is US$ 67,843.

Average take home earning is US$ 53,017 (Net).

The most typical salary is US$ 24,526 (Gross).

If you are an employer this page can help you with the decision how much to pay employees.

The main purpose of the site is to help you increase your salary! If you want to increase your salary you need to investigate and find out how much other people with similar careers, experience, education, and knowledge can earn. Then set goals for better salary and strive to achieve it!

"What gets measured gets improved."
-Peter Drucker


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Percentage of people Earn this salary or more
8 % US$ 235,454
11 % US$ 142,000
25 % US$ 101,051
51 % US$ 52,380
85 % US$ 24,526
94 % US$ 14,685
97 % US$ 6,544
Career Avg. gross salary Salary entries
Human Resources Manager US$ 92,502 07
Engineer US$ 44,000 05
IT Project Manager US$ 69,600 04
Finance Manager US$ 94,700 03
Operations Manager US$ 83,000 03
Director US$ 80,000 03
IT Manager US$ 75,000 03
Marketing Manager US$ 53,000 03
Human Resource US$ 31,849 03
Lawyer US$ 21,666 03
City Avg. gross salary Salary entries
Panama City US$ 68,854 130
San Miguelito US$ 40,000 02
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  SALARY BY LEVEL    PANAMA

Salary levels Avg. gross salary   Salary entries
More US$ 235,454
11
165K US$ 164,000
01
155K US$ 150,000
02
145K US$ 142,000
02
135K US$ 130,000
01
125K US$ 120,000
03
115K US$ 110,166
03
105K US$ 101,051
13
95K US$ 93,240
04
85K US$ 83,000
05
75K US$ 73,166
06
65K US$ 63,428
07
55K US$ 52,380
15
45K US$ 42,545
11
35K US$ 33,250
18
25K US$ 24,526
19
15K US$ 14,685
14
8K US$ 6,544
04
4K US$ 3,000
01
2K US$ 1,833
03

  SALARY BY GENDER    PANAMA

Avg. gross salary   Salary entries
Men US$ 75,760 90
Women US$ 59,283 43
N/A US$ 33,400 10

  SALARY BY EDUCATION    PANAMA

Avg. gross salary   Salary entries
Doctorate Degree US$ 145,833 06
Masters Degree US$ 82,162 53
Bachelors Degree US$ 61,550 56
Some College US$ 33,933 15
High School US$ 38,013 12
Bellow H. School US$ 60,000 01

Workers holding Doctorate Degree degrees enjoy the highest average gross salaries in Panama. With an earned Doctorate Degree, they grosses US$ 145,833. While Workers with Some College education earn the least, with an average gross income of US$ 33,933. This is 329.77% lower of what Doctorate Degree degree holders earn.


  SALARY BY EXPERIENCE    PANAMA

Avg. gross salary   Salary entries
20+ Years US$ 113,200 22
16-20 Years US$ 124,575 12
12-16 Years US$ 86,217 15
8-12 Years US$ 55,671 26
4-8 Years US$ 49,479 34
2-4 Years US$ 31,943 16
1-2 Years US$ 48,894 14
0-1 Year US$ 24,414 04

Workers in Panama with more years of work experience outperform their counterparts with less experience. Workers with 16-20 Years of experience earn a gross average of US$ 124,575 compared to US$ 24,414 for their counterparts with 0-1 Year of experience. The difference between workers with 16-20 Years of experience and 0-1 Year is 410.26%.


  SALARY BY AGE    PANAMA

Avg. gross salary   Salary entries
63-68 US$ 75,000 01
57-62 US$ 69,500 03
51-56 US$ 129,833 06
45-50 US$ 138,937 16
39-44 US$ 92,137 20
33-38 US$ 63,546 33
27-32 US$ 48,247 35
22-26 US$ 26,001 16
16-21 US$ 8,828 02
Less US$ 20,000 01
N/A US$ 33,400 10
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  SALARY BY FIELD    PANAMA

# Avg. gross salary   Salary entries
1. Engineers & Technicians IV US$ 150,000 01
2. Health Care & Medical US$ 133,980 05
3. Marketing, Sales, Purchase US$ 113,714 07
4. Management & Business US$ 101,357 22
5. Media US$ 90,000 01
6. Health Care & Medical II US$ 80,500 04
7. IT & Telecommunication II US$ 80,000 04
8. Accounting & Administration US$ 69,770 10
9. Human Resources US$ 66,540 14
10. Organization & Coordination US$ 66,000 02
11. IT & Telecommunication US$ 62,837 16
12. Construction & Labor Workers US$ 62,100 05
13. Finance & Banking US$ 61,744 09
14. Logistics, Road, Railway US$ 55,750 02
15. Properties & Real Estates US$ 51,733 03
16. Public Sector US$ 48,000 02
17. Customer Services US$ 46,400 05
18. Engineers & Technicians US$ 39,172 11
19. Automobile US$ 33,000 01
20. Education & University US$ 32,304 05
21. Architect Constructions US$ 30,000 01
22. Law US$ 26,040 05
23. Geography & Geodesy US$ 20,000 01
24. Hotels & Tourism US$ 18,666 03
25. Salesmen & Saleswomen US$ 15,000 01
26. Agriculture & Fishing US$ 12,000 01
27. Arts, Culture, Performance US$ 5,656 01
28. Restaurants, Inns, Pubs US$ 2,000 01

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Average salaries in Panama can vary greatly based on a career field. Engineers & Technicians IV enjoy the highest gross average salaries (US$ 150,000), followed by Health Care & Medical (US$ 133,980), and Marketing, Sales, Purchase (US$ 113,714). Lower average gross salaries in the Panama are earned by those in Restaurants, Inns, Pubs (US$ 2,000) and those in Arts, Culture, Performance positions (US$ 5,656). The difference between the most paid and the lowest paid fields is 7400%.


  SALARY BY CAREER    PANAMA

# Avg. gross salary   Salary entries
1. Database Developer US$ 180,000 01
2. Office Manager US$ 163,325 02
3. Marketing US$ 127,500 02
4. Manager US$ 120,280 02
5. General Manager US$ 108,750 02
6. Finance Manager US$ 94,700 03
7. Human Resources Manager US$ 92,502 07
8. Operations Manager US$ 83,000 03
9. Director US$ 80,000 03
10. IT Manager US$ 75,000 03
11. IT Project Manager US$ 69,600 04
12. Business Development Manager US$ 57,500 02
13. Marketing Manager US$ 53,000 03
14. Database Administrator US$ 50,000 01
15. Other Public Sector Career US$ 48,000 02
16. Engineer US$ 44,000 05
17. Audit Manager US$ 38,000 02
18. Business Administration US$ 36,052 02
19. Data Coordinator US$ 35,500 02
20. Human Resource US$ 31,849 03
21. C-Sharp Developer US$ 30,000 01
22. Electrical Engineer US$ 29,700 02
23. Human Resource Coordinator US$ 29,250 02
24. Technician US$ 26,000 02
25. Accounting Assistant US$ 25,800 02
26. Lawyer US$ 21,666 03
27. Receptionist US$ 18,000 02
28. Web Developer US$ 18,000 02
29. MBA US$ 14,300 02
30. Nursing Assistant US$ 12,500 02

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In Panama economy, Database Developer is on the top list of highest earners, earning an average gross salary of US$ 180,000. Office Manager and Marketing follow, earning US$ 163,325 and US$ 127,500, respectively. Nursing Assistant earn a gross annual average of US$ 12,500, while MBA earn US$ 14,300. The gap between the lowest and the highest paid careers is 1340.0%.


  SALARY BY JOB TYPE    PANAMA

Avg. gross salary   Salary entries
Permanent US$ 68,282 118
Contract US$ 65,453 19
Self Employed US$ 47,500 02
Part Time US$ 76,414 04
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  SALARY BY CITY    PANAMA

# Avg. gross salary   Salary entries
1. Panama City US$ 68,854 130
2. San Miguelito US$ 40,000 02

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  SALARY BY COUNTRY    PANAMA

# Avg. gross salary (USD) Avg. gross salary   Salary entries
1. Switzerland Switzerland US$ 124,245 CHF 118,409 1,273
2. Australia Australia US$ 87,570 AU$ 99,387 3,144
3. Norway Norway US$ 84,183 NOK 639,847 1,164
4. United States United States US$ 81,806 US$ 81,806 20,231
5. Germany Germany US$ 76,461 EUR 62,342 2,563
6. United Kingdom United Kingdom US$ 73,279 GBP 49,840 4,612
7. Canada Canada US$ 70,850 CA$ 77,985 4,985
8. France France US$ 70,478 EUR 57,589 1,238
9. Panama Panama US$ 67,843 US$ 67,843 143
10. Finland Finland US$ 65,977 EUR 53,740 612
11. Italy Italy US$ 63,189 EUR 51,273 1,299
12. Mexico Mexico US$ 47,414 MXN 799,562 647
13. Slovenia Slovenia US$ 45,956 EUR 36,853 286
14. Croatia Croatia US$ 32,278 HRK 197,364 460
15. Malaysia Malaysia US$ 29,148 MYR 104,491 6,843
16. India India US$ 21,614 INR 1,331,627 10,818

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(60/60)  ADMINISTRATIVE MANAGER


 Posted: 10 Sep 2020

Bachelors Degree, 4-8 years: "Management, budget, payroll, logistics, purchase."
Individual GROSS salary:
US$ 26,650


(59/60)  ELECTROMECHANICAL ENGINEER


 Posted: 25 Jul 2020

Bachelors Degree, 8-12 years: "Electromechanical engineer with Master in Project Management. 2D and 3D design and modeling software."
Individual GROSS salary:
US$ 36,000


(58/60)  BUSINESS INTELLIGENCE ANALYST


 Posted: 06 May 2020

Bachelors Degree, 4-8 years: "Analyse business intelligence data and dashboards on social media."
Individual GROSS salary:
US$ 90,000


(57/60)  SALES MANAGER


 Posted: 06 May 2020

Bachelors Degree, 12-16 years: "Sales, customer service, guidance."
Individual GROSS salary:
US$ 25,601


(56/60)  SHIFT ELECTRICAL TECHNICIAN


 Posted: 06 Apr 2020

Some College, 4-8 years: "Container cranes maintenance, including PLC and variable frequency drives maintenance."
Individual GROSS salary:
US$ 31,000


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(55/60)  MANAGER


 Posted: 02 Apr 2020

Bachelors Degree, 16-20 years: "Accounts Payable, Payments Processing, General Ledger Reconciliation."
Individual GROSS salary:
US$ 100,000


(54/60)  MARKETING COORDINATOR


 Posted: 25 Mar 2020

Bachelors Degree, 8-12 years: "Event organization."
Individual GROSS salary:
US$ 55,000


(53/60)  MOBILE WIRELESS NETWORK ENGINEER


 Posted: 18 Jan 2020

Bachelors Degree, 8-12 years: "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."
Individual GROSS salary:
US$ 27,000


(52/60)  SOFTWARE MANAGER


 Posted: 07 Dec 2019

Masters Degree, 20+ years: "I'm an expert in software project with 20+ year experience developing comercial software here in Panama."
Individual GROSS salary:
US$ 72,000


(51/60)  THERAPEUTIC AREA HEAD


 Posted: 03 Dec 2019

Masters Degree, 4-8 years: "Med school and two specialties in Mexico. Entrance to pharma industry 8 year ago. Relocated recently in Panama."
Individual GROSS salary:
US$ 94,900


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(50/60)  DATABASE DEVELOPER


 Posted: 03 Dec 2019

High School, 20+ years: "Develop database application and manage data."
Individual GROSS salary:
US$ 180,000


(49/60)  REGIONAL FACILITY MANAGER


 Posted: 22 Nov 2019

Bachelors Degree, 8-12 years: "Enterprise Facility Manager in the RE field."
Individual GROSS salary:
US$ 54,600


(48/60)  PSYCHIATRIST


 Posted: 05 Nov 2019

Doctorate Degree, 1-2 years: "Work with patients who have psychiatric disorders and create a medical plan."
Individual GROSS salary:
US$ 250,000


(47/60)  HEAD OF FINANCE AND OPERATIONS


 Posted: 31 Oct 2019

Masters Degree, 4-8 years: "Manage budget, forecast and operations."
Individual GROSS salary:
US$ 54,104


(46/60)  PROJECT MANAGER


 Posted: 24 Sep 2019

Bachelors Degree, 20+ years: "Program and Project Management."
Individual GROSS salary:
US$ 26,400


(45/60)  CHIEF INFORMATION OFFICER


 Posted: 20 Sep 2019

Masters Degree, 20+ years: "Strategy design and develop for the technology department."
Individual GROSS salary:
US$ 300,000


(44/60)  SENIOR MARKETING DIRECTOR


 Posted: 17 Sep 2019

Masters Degree, 16-20 years: "P&L, Advertising, Promotion, Digital Marketing."
Individual GROSS salary:
US$ 300,000


(43/60)  SOFTWARE DEVELOPER


 Posted: 09 Sep 2019

Masters Degree, 4-8 years: "Develop things."
Individual GROSS salary:
US$ 35,000


(42/60)  RESEARCH ANALYST


 Posted: 23 Jul 2019

Bachelors Degree, 1-2 years: "Manufacturing due dilligence reports."
Individual GROSS salary:
US$ 16,000


(41/60)  ASSOCIATE MANAGER


 Posted: 02 Jul 2019

Bachelors Degree, 16-20 years: "Research of connectivity solutions."
Individual GROSS salary:
US$ 130,000


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(40/60)  TAX MANAGER


 Posted: 26 Jun 2019

Masters Degree, 4-8 years: "Manage Global Projects; ensure compliance; support tax audits."
Individual GROSS salary:
US$ 85,000


(39/60)  FINANCE & ADMINISTRATION DIRECTOR


 Posted: 05 Jun 2019

Masters Degree, 20+ years: "F&A, IT, PS & Legal."
Individual GROSS salary:
US$ 290,000


(38/60)  GENERAL MANAGER


 Posted: 28 May 2019

Bachelors Degree, 12-16 years: "Managing a regional team."
Individual GROSS salary:
US$ 120,000


(37/60)  PARTNER


 Posted: 08 May 2019

Masters Degree, 8-12 years: "Head of corporate deparment."
Individual GROSS salary:
US$ 28,800


(36/60)  TECH SENIOR ACC


 Posted: 08 May 2019

High School, 4-8 years: "Tech for 7 years."
Individual GROSS salary:
US$ 28,000


(35/60)  SENIOR MANAGER


 Posted: 03 May 2019

Bachelors Degree, 16-20 years: "1. Lead innovation effort for total region 2. Consulting 3. Lean startup."
Individual GROSS salary:
US$ 164,000


(34/60)  PURCHASES GROUP MANAGER


 Posted: 23 Apr 2019

Masters Degree, 20+ years: "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."
Individual GROSS salary:
US$ 150,000


(33/60)  HUMAN RESOURCES MANAGER


 Posted: 21 Mar 2019

Bachelors Degree, 20+ years: "Resposible for recruitment and selection. Develop training programs. Follow up the salary market for being competitive."
Individual GROSS salary:
US$ 40,000


(32/60)  ATTORNEY AT LAW-HEAD OF CORPORATE DEPARTMENT


 Posted: 07 Mar 2019

Masters Degree, 12-16 years: "I manage the corporate department."
Individual GROSS salary:
US$ 29,000


(31/60)  HR RIGIONAL MANAGER LATAM


 Posted: 22 Feb 2019

Bachelors Degree, 20+ years: "+15 yrs working in HR roles within Multinational Companies."
Individual GROSS salary:
US$ 104,520


(30/60)  BUSINESS ANALYST


 Posted: 13 Feb 2019

Bachelors Degree, 2-4 years: "Copa airlines analyst."
Individual GROSS salary:
US$ 15,000


(29/60)  HUMAN RESOURCES COORDINATOR


 Posted: 08 Feb 2019

Bachelors Degree, 4-8 years: "Human Resources Coordinator."
Individual GROSS salary:
US$ 26,000


(28/60)  SENIOR FINANCIAL ANALYST


 Posted: 03 Feb 2019

Masters Degree, 4-8 years: "Senior Financial Analyst."
Individual GROSS salary:
US$ 52,000


(27/60)  IS OFFICER


 Posted: 31 Jan 2019

Masters Degree, 4-8 years: "Worked in france as business analayst and now as IT Officer."
Individual GROSS salary:
US$ 3,000


(26/60)  HVAC TECH


 Posted: 06 Jan 2019

Some College, 1-2 years: "HVAC a/c repairs tech."
Individual GROSS salary:
US$ 40,000


(25/60)  OPERATIONS ANALYST


 Posted: 02 Jan 2019

Bachelors Degree, 2-4 years: "Coordinating with data intake teams to onboard new data for processing and review."
Individual GROSS salary:
US$ 26,000


(24/60)  BUSINESS ANALYST


 Posted: 27 Sep 2018

Bachelors Degree, 8-12 years: "Job entails working as Subject Matter Expert."
Individual GROSS salary:
US$ 60,000


(23/60)  HR ADMIN


 Posted: 26 Sep 2018

Bachelors Degree, 8-12 years: "Supporting and coordinating Shared services for EMEA plus supporting Compensation and benefits."
Individual GROSS salary:
US$ 32,500


(22/60)  BUSINESS DEVELOPMENT DIRECTOR


 Posted: 10 Sep 2018

Masters Degree, 20+ years: "Business development."
Individual GROSS salary:
US$ 100,000


(21/60)  BUSINESS OPP MANAGER


 Posted: 03 Sep 2018

Masters Degree, 1-2 years: "In charge of central america's public sales in a pharamaceutical's BU."
Individual GROSS salary:
US$ 100,000


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(20/60)  FINANCE MANAGER


 Posted: 24 Aug 2018

Masters Degree, 12-16 years: "Financial Planning and Analysis."
Individual GROSS salary:
US$ 90,560


(19/60)  GENERAL DIRECTOR


 Posted: 20 Aug 2018

Bachelors Degree, 4-8 years: "Contry Director for fuels."
Individual GROSS salary:
US$ 120,000


(18/60)  HEAD OF HUMANITIES


 Posted: 18 Aug 2018

Bachelors Degree, 4-8 years: "Head of Humanities with a role in manager."
Individual GROSS salary:
US$ 34,000


(17/60)  DIRECTOR SALES AND MARKETING


 Posted: 17 Jul 2018

Bachelors Degree, 8-12 years: "Bringing highest room revenue for the hotel."
Individual GROSS salary:
US$ 70,000


(16/60)  PROJECT MANAGER


 Posted: 06 Jul 2018

Bachelors Degree, 12-16 years: "Project Management in IT projects."
Individual GROSS salary:
US$ 120,000


(15/60)  CREDIT ANALYST


 Posted: 15 Jun 2018

Masters Degree, 1-2 years: "Financial statement analysis for setting credit lines and general business support and reporting."
Individual GROSS salary:
US$ 13,000


(14/60)  HR DIRECTOR


 Posted: 13 Jun 2018

Bachelors Degree, 16-20 years: "Design and implement HR strategies and responsible for daily operations in multi-countries. Direct multi-functional teams in matrix organizations. Responsible for people and budget."
Individual GROSS salary:
US$ 170,000


(13/60)  WEB DEVELOPER


 Posted: 31 May 2018

Bachelors Degree, 1-2 years: "Web developer, software developer, database manager."
Individual GROSS salary:
US$ 12,000


(12/60)  INVESTMENT BANKING ASSOCIATE


 Posted: 30 May 2018

Masters Degree, 4-8 years: "• Worked closely with clients, their legal counsels and other advisors to identify potential issues in transactions and implement solutions. Created client marketing presentations, enterprise valuations and business models. • Advised corporate clients/shareholders regarding the structuring of mergers and acquisitions."
Individual GROSS salary:
US$ 50,000


(11/60)  REGIONAL MARKETING MANAGER


 Posted: 30 May 2018

Masters Degree, 8-12 years: "Regional Business Planning."
Individual GROSS salary:
US$ 75,000


(10/60)  REGIONAL COMMUNICATIONS MANAGER


 Posted: 14 May 2018

Some College, 4-8 years: "Corporate Communications."
Individual GROSS salary:
US$ 60,000


(9/60)  SENIOR MARKETING DIRECTOR


 Posted: 12 May 2018

Masters Degree, 20+ years: "Regional job with digital competencies."
Individual GROSS salary:
US$ 200,000


(8/60)  CNA


 Posted: 09 Feb 2018

Some College, 2-4 years: "Take vitals, help with adls, collect speciments."
Individual GROSS salary:
US$ 18,000


(7/60)  OPERATIONS MANAGER


 Posted: 22 Jan 2018

Masters Degree, 8-12 years: "Manage field operations for central america and caribean region."
Individual GROSS salary:
US$ 84,000


(6/60)  DIGITAL MARKETING MANAGER


 Posted: 08 Nov 2017

Masters Degree, 8-12 years: "Manage digital assets and advertising campaigns."
Individual GROSS salary:
US$ 42,000


(5/60)  LEADERSHIP


 Posted: 16 Sep 2017

Masters Degree, 12-16 years: "Over see leadership training for government."
Individual GROSS salary:
US$ 50,000


(4/60)  HEAD OF PRICING


 Posted: 31 Aug 2017

Masters Degree, 12-16 years: "Product development and pricing."
Individual GROSS salary:
US$ 100,000


(3/60)  PROGRAM MANAGER


 Posted: 18 Jul 2017

Bachelors Degree, 20+ years: "Program manager - TRaining strategy."
Individual GROSS salary:
US$ 30,000


(2/60)  ELECTRICAL ENGINEER


 Posted: 18 Jul 2017

Bachelors Degree, 8-12 years: "Electrical engineer for power systems, specialized in substations and power lines."
Individual GROSS salary:
US$ 23,400


(1/60)  C & B ANALYST


 Posted: 30 Jun 2017

Masters Degree, 4-8 years: "Compensation and Benefits Analyst."
Individual GROSS salary:
US$ 40,000


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  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 Panama City

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