Press Room

PANAMA INCREASES NATIONAL MINIMUM WAGE

December, 2019

Today December 31st, the Panamanian Government set the new Minimum Wage, which will take effect beginning on Wednesday, January 15, 2020.

This represents an increase of 3.3% (average) resulting in US$ 3.38, US$ 3.58 and US$ 4.67 per hour for the more costly activities. Thus, the top minimum wage is set at US$971.28 per month.


The minimum wage in Panama is set by activity, business size and region, with the lowest rate being US$1.55 per hour, mainly for agricultural activities. Domestic service was set between US$275 and US$300 per month, depending on the geographic area.


Any current salary higher than the ones set by law will remain valid.


For further information on this matter, kindly contact us at siaska.lorenzo@ariaslaw.com

Siaska SSS Lorenzo
Managing Partner
siaska.lorenzo@ariaslaw.com

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