average salary in Panama PANAMA SALARY

Average gross salary for Panama GROSS SALARY
US$ 67,983
Average net salary for Panama NET SALARY
US$ 53,105
The most typical salary for Panama MOST TYPICAL GROSS
US$ 24,526
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  Updated: 07 Jan 2021   Diff. gross vs. net: 21%
  Salary entries: 147

Average salary in Panama is US$ 67,983.

Average take home earning is US$ 53,105 (Net).

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

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Percentage of people Earn this salary or more
7 % US$ 235,454
10 % US$ 150,000
25 % US$ 101,051
51 % US$ 52,669
85 % US$ 24,526
95 % 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$ 68,978 134
San Miguelito US$ 40,000 02
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  SALARY BY LEVEL    PANAMA

Salary levels Avg. gross salary   Salary entries
US$ 235,454
11
US$ 164,000
01
US$ 150,000
03
US$ 142,000
02
US$ 130,000
01
US$ 120,000
03
US$ 110,166
03
US$ 101,051
13
US$ 93,240
04
US$ 83,000
05
US$ 73,166
06
US$ 63,428
07
US$ 52,669
16
US$ 42,538
13
US$ 33,250
18
US$ 24,526
19
US$ 14,685
14
US$ 6,544
04
US$ 3,000
01
US$ 1,833
03

  SALARY BY GENDER    PANAMA

Avg. gross salary   Salary entries
US$ 75,642 94
US$ 59,283 43
US$ 33,400 10

  SALARY BY EDUCATION    PANAMA

Avg. gross salary   Salary entries
US$ 145,833 06
US$ 81,381 54
US$ 62,692 59
US$ 33,933 15
US$ 38,013 12
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
US$ 113,200 22
US$ 124,575 12
US$ 86,217 15
US$ 59,087 28
US$ 49,479 34
US$ 33,116 18
US$ 48,894 14
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
US$ 75,000 01
US$ 69,500 03
US$ 129,833 06
US$ 138,937 16
US$ 92,137 20
US$ 63,546 33
US$ 50,785 39
US$ 26,001 16
US$ 8,828 02
US$ 20,000 01
US$ 33,400 10
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  SALARY BY FIELD    PANAMA

# Avg. gross salary   Salary entries
1. US$ 150,000 01
2. US$ 133,980 05
3. US$ 118,250 08
4. US$ 101,357 22
5. US$ 90,000 01
6. US$ 80,500 04
7. US$ 80,000 04
8. US$ 69,770 10
9. US$ 66,540 14
10. US$ 62,100 05
11. US$ 61,744 09
12. US$ 61,244 18
13. US$ 59,000 03
14. US$ 55,750 02
15. US$ 51,733 03
16. US$ 48,000 02
17. US$ 46,400 05
18. US$ 39,172 11
19. US$ 33,000 01
20. US$ 32,304 05
21. US$ 30,000 01
22. US$ 26,040 05
23. US$ 20,000 01
24. US$ 18,666 03
25. US$ 15,000 01
26. US$ 12,000 01
27. US$ 5,656 01
28. 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$ 118,250). 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. US$ 163,325 02
2. US$ 127,500 02
3. US$ 120,280 02
4. US$ 108,750 02
5. US$ 94,700 03
6. US$ 92,502 07
7. US$ 83,000 03
8. US$ 80,000 03
9. US$ 75,000 03
10. US$ 69,600 04
11. US$ 58,500 02
12. US$ 57,500 02
13. US$ 53,000 03
14. US$ 48,000 02
15. US$ 44,000 05
16. US$ 38,000 02
17. US$ 37,500 02
18. US$ 36,052 02
19. US$ 35,500 02
20. US$ 31,849 03
21. US$ 30,000 01
22. US$ 29,700 02
23. US$ 29,250 02
24. US$ 26,000 02
25. US$ 25,800 02
26. US$ 21,666 03
27. US$ 18,000 02
28. US$ 18,000 02
29. US$ 14,300 02
30. US$ 12,500 02

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In Panama economy, Office Manager is on the top list of highest earners, earning an average gross salary of US$ 163,325. Marketing and Manager follow, earning US$ 127,500 and US$ 120,280, 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 1206.60%.


  SALARY BY JOB TYPE    PANAMA

Avg. gross salary   Salary entries
US$ 68,630 121
US$ 64,431 20
US$ 47,500 02
US$ 76,414 04
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  SALARY BY CITY    PANAMA

# Avg. gross salary   Salary entries
1. US$ 68,978 134
2. US$ 40,000 02

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  SALARY BY COUNTRY    PANAMA

# Avg. gross salary (USD) Avg. gross salary   Salary entries
1. Switzerland US$ 124,650 CHF 118,902 1,313
2. Australia US$ 87,517 AU$ 99,596 3,194
3. Norway US$ 84,073 NOK 640,497 1,191
4. United States US$ 81,896 US$ 81,896 20,404
5. Germany US$ 76,523 EUR 62,556 2,666
6. United Kingdom US$ 73,343 GBP 49,969 4,686
7. Canada US$ 70,972 CA$ 78,342 5,057
8. France US$ 70,444 EUR 57,632 1,263
9. Panama US$ 67,983 US$ 67,983 147
10. Finland US$ 65,801 EUR 53,716 634
11. Italy US$ 63,016 EUR 51,196 1,327
12. Mexico US$ 47,549 MXN 804,258 660
13. Slovenia US$ 45,751 EUR 36,782 295
14. Croatia US$ 32,093 HRK 196,322 472
15. Malaysia US$ 29,101 MYR 104,575 6,980
16. India US$ 21,744 INR 1,345,552 11,215

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(64/64)  SOFTWARE DEVELOPERS


 Posted: 07 Jan 2021

Masters Degree, 2-4 years: "Software development, business intelligence, data analysis, reports, Ci, continuous integration, devops."
Individual GROSS salary:
US$ 40,000


(63/64)  COUNTRY MANAGER


 Posted: 05 Nov 2020

Bachelors Degree, 2-4 years: "Service Level Agreement management Bank reconciliation Team lead Supervise country wife operations."
Individual GROSS salary:
US$ 45,000


(62/64)  GLOBAL CATEGORY MANAGER


 Posted: 02 Nov 2020

Bachelors Degree, 8-12 years: "Purchasing commodities ingredients."
Individual GROSS salary:
US$ 150,000


(61/64)  ADMINISTRATIVE MANAGER


 Posted: 10 Sep 2020

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


(60/64)  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


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(59/64)  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


(58/64)  SALES MANAGER


 Posted: 06 May 2020

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


(57/64)  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


(56/64)  MANAGER


 Posted: 02 Apr 2020

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


(55/64)  MARKETING COORDINATOR


 Posted: 25 Mar 2020

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


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(54/64)  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


(53/64)  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


(52/64)  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


(51/64)  DATABASE DEVELOPER


 Posted: 03 Dec 2019

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


(50/64)  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


(49/64)  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


(48/64)  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


(47/64)  PROJECT MANAGER


 Posted: 24 Sep 2019

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


(46/64)  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


(45/64)  SENIOR MARKETING DIRECTOR


 Posted: 17 Sep 2019

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


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(44/64)  SOFTWARE DEVELOPER


 Posted: 09 Sep 2019

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


(43/64)  RESEARCH ANALYST


 Posted: 23 Jul 2019

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


(42/64)  ASSOCIATE MANAGER


 Posted: 02 Jul 2019

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


(41/64)  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


(40/64)  FINANCE & ADMINISTRATION DIRECTOR


 Posted: 05 Jun 2019

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


(39/64)  GENERAL MANAGER


 Posted: 28 May 2019

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


(38/64)  PARTNER


 Posted: 08 May 2019

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


(37/64)  TECH SENIOR ACC


 Posted: 08 May 2019

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


(36/64)  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


(35/64)  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


(34/64)  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


(33/64)  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


(32/64)  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


(31/64)  BUSINESS ANALYST


 Posted: 13 Feb 2019

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


(30/64)  HUMAN RESOURCES COORDINATOR


 Posted: 08 Feb 2019

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


(29/64)  SENIOR FINANCIAL ANALYST


 Posted: 03 Feb 2019

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


(28/64)  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


(27/64)  HVAC TECH


 Posted: 06 Jan 2019

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


(26/64)  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


(25/64)  HRIS MANAGER


 Posted: 02 Nov 2018

Bachelors Degree, 8-12 years: "Creating policies, maintaining data integrity, creating and improving business processes."
Individual GROSS salary:
US$ 57,000


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(24/64)  BUSINESS ANALYST


 Posted: 27 Sep 2018

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


(23/64)  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


(22/64)  BUSINESS DEVELOPMENT DIRECTOR


 Posted: 10 Sep 2018

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


(21/64)  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


(20/64)  FINANCE MANAGER


 Posted: 24 Aug 2018

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


(19/64)  GENERAL DIRECTOR


 Posted: 20 Aug 2018

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


(18/64)  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


(17/64)  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


(16/64)  PROJECT MANAGER


 Posted: 06 Jul 2018

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


(15/64)  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


(14/64)  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


(13/64)  WEB DEVELOPER


 Posted: 31 May 2018

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


(12/64)  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


(11/64)  REGIONAL MARKETING MANAGER


 Posted: 30 May 2018

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


(10/64)  REGIONAL COMMUNICATIONS MANAGER


 Posted: 14 May 2018

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


(9/64)  SENIOR MARKETING DIRECTOR


 Posted: 12 May 2018

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


(8/64)  CNA


 Posted: 09 Feb 2018

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


(7/64)  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


(6/64)  DIGITAL MARKETING MANAGER


 Posted: 08 Nov 2017

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


(5/64)  LEADERSHIP


 Posted: 16 Sep 2017

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


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(4/64)  HEAD OF PRICING


 Posted: 31 Aug 2017

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


(3/64)  PROGRAM MANAGER


 Posted: 18 Jul 2017

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


(2/64)  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


(1/64)  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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