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Best Recruitment Agencies in Panama
Find top recruitment and staffing agencies in Panama. Whether you're looking for specialized talent or general hiring support, explore experienced recruitment firms that understand the local market and can help you build the perfect team.
Agency | Specialization | Country | Employees |
|---|---|---|---|
Payroll +2 more | |||
Recruitment +1 more | |||
Payroll +1 more | |||
Mechanical Engineering +18 more | |||
Clinical Trials +1 more | |||
Industrial Design +4 more | |||
Fundraising and Crowdsourcing +2 more | |||
Panama's
Economic indicators
75
World ranked
Panama ranks 75 in the world by current economic output
$83.4bn
Nominal GDP (US$)
GDP reflects the overall size and economic strength of the country's economy.
11
LATAM ranked
Panama is ranked 11 in LATAM by economic output in the region
GDP growth (%)
GDP growth explained
The chart compares how GDP has grown for Panama, its region, and the world over the last seven years. Positive growth indicates an expanding economy; negative growth may signal contraction and affect hiring activity.
1.7%
Current rate
▲ 0.2% increase
Inflation represents the rate at which prices rise and purchasing power diminishes. High inflation may prompt employees to seek higher wages, potentially impacting company profitability and hiring strategies.
Panama's inflation rate
14 weeks
Maternity leave
Maternity: 14 weeks paid leave at 100% salary by Social Security. Paternity: 7 days paid leave at 100% salary by employer. Parental: 12 weeks for child under 2.
18 days
Sick leave
Employees have a right to paid sick leave, with entitlements varying from 18 to 36 days based on their length of service.
Cost of living
Cost of living index explained
The cost of living has a direct impact on salary expectations and the competitiveness of compensation packages. It can influence the appeal of certain locations for both employers and candidates.
Panama's
Labor market
Panama vs world population age distribution
3.4m
Population
Panama has a population of about 3.4m. The chart compares its age distribution with the world average—useful context for workforce size and long-term hiring demand.
34 hrs
Average working full time week
Overtime is paid at 125%-175% of the hourly rate for work beyond standard hours, with a cap at 3 extra hours/day. Standard hours are 8/day, 40-48/week, Monday to Saturday.
6.7%
Current percentage
▼ 1.5% reduction
Panama has an unhealthy unemployment rate, suggesting there may be some economic or structural challenges . Between 2022 and 2023, there was a large decrease, suggesting a positive shift toward better economic stability with significant improvement in job availability
Unemployment rate
Panama's
Top performing companies and industries
Top industries
- construction
- cement and other construction materials
- sugar milling
Ratio of males to females (by age)
76 / 50
Male
[ "In Panama there is a large gap in participation rates between males and females, indicating significant structural or cultural barriers preventing more equal gender parity." ]
Panama's
Religion and ethnicity
Religion
In religiously diverse countries, a broad sourcing and engagement approach whilst appealing to inclusive practices resonates with this candidate market. In homogeneous environments, understanding dominant cultural norms is often more important when engaging with talent.
Ethnicity
In ethnically diverse countries, there may be a greater variety of candidates with different cultural backgrounds. Employers may need to focus more on inclusive hiring practices to attract talent from across different ethnic groups.