Minimum Wage changes in The Republic of Panama - 2016

Business

with 10 or less permanent employees

Agriculture (food and/or animals); service and retail business 

Manufacture companies with 15 or less employees

Agriculture-industrial companies with 20 or less employees

Economic activity

Region 1

Region 2

Agriculture, cattle farming, hunting and aquiculture (National)

• Small Business
• Large Business (11 employees or more)

Farmyard birds breeding and sub products with more than 10 employees (National)


Banana industry (National)

1.38

1.62

1.62

1.62

1.38

1.62

1.62

 1.62

Fishing (National)

• Artisan fishing

• Industrial

1.95

2.05

1.95

2.05

Agro industry

• Small Business (agriculture only) (National)

• Large Business (agriculture only) (National)

• Small Business (processing only)

• Large Business (processing only)

1.38

1.62

2.00

2.35

1.38

1.62

1.68

1.94

Quarry exploitation (National)

• Sand extraction (National)

• Mining (National)

2.47

2.47

2.57

2.47

2.47

2.57

Manufacture industries

• Small business

• Large business

-  Distillation, rectification and blending of alcoholic beverages

- Manufacture of paints, varnish and coating products

-    Production of cement and concrete

- Machinery repair and refrigeration equipment

-    Sugar cane processing (National)

2.00

2.47

2.47

2.47

2.72

2.47

2.47

1.68

2.04

2.07

2.07

2.59

2.00

2.47

Electricity, gas and water, Steam and air conditioning (National)

• Production, transmission and distribution of electrical energy

• Ice production

2.72

2.72

2.35

2.72

2.72

1.94

Water supply, sewage, waste management and sanitation activities (National)

• Water purification and distribution (National)

• Sewage

• Collection, treatment and disposal of waste

-  Processing and recovery of waste

2.72

2.72

2.47

2.47

2.35

2.72

2.72

2.04

2.04

1.94

Construction

• Agriculture and forest land drainage (National)

2.72

1.70

2.55

1.70

Wholesale and commission business

• Import Agencies

• Sugar cane products and sub-products sale (National)
• Fuel tanks

2.35

2.35

2.35

2.35

1.93

1.93

2.35

1.93

Retail

• Small Business

• Large Business

-  Supermarkets (with 5 or more branches)

-  Gas stations

2.00

2.35

2.35

2.35

1.67

1.93

1.93

1.93

Free Trade Zones

• Colon Free Zone

3.00

2.75

2.01

----

Hotel

• Small Business

• Large Business

-  Hotel and resorts with franchise

-  Hotel with more than 200 rooms

-  Motels and hostels

2.05

2.35

2.47

2.47

2.47

1.70

1.93

2.03

2.03

2.03

Restaurants, Bars and canteen

• Small Business

• Large Business

• Discotheques (National)

2.00

2.47

2.72

1.68

2.03

2.72

Transportation

• Cargo transport in free trade zones or special economic zones

• Aquatic and aerial transport and complementary activities related to this type of business

• Port workers (National)

• International airports (National)

• Bus drivers (National)

• School bus drivers

• Crew member for international flights (National)

Warehousing, storage and mail 

2.47

2.72

2.47

2.83

3.00

2.72

2.35

3.85

2.35

2.03

2.01

2.01

2.83

3.00

2.72

1.94

3.85

1.93

Financial intermediation  and Insurance (National)

• Banks and financial societies (National)

• Loan and saving cooperative (National)

• Insurance plan activities and private pensions

• Pawn shop (National)

2.75

2.75

2.75

2.75

2.40

2.75

2.75

2.75

2.75

2.40

Real estate activities

• Commercial centers (with more than 50 commercial spots) (National)

2.72

2.72

2.42

2.72

Management and back up service Activities (National)

• Rental Activities (National)

-  Car rental

-  Internet cafe activity

• Employment agency activity (National)

• Tour agencies, tour operators, reservation service

• Building  and landscape service (National)

- Garden and landscape maintenance service (National)

• Office management, business support (National)

-  Photocopy service

• Security and investigator agency service (National)

2.47

2.47

2.72

2.24

2.47

2.47

2.35

1.70

2.35

2.35

2.35

2.47

2.47

2.72

2.08

2.47

1.94

2.35

1.70

2.35

2.35

2.35

Professional, Scientist and technical activities (National)

• Veterinarian activities

• Law firms, accounting and audit firms (15 employees or more) (National)

• Law firms, accounting and audit firms (14 employees or less) (National)

• Lawyers (National)

• Radio, newspaper and television journalists (National)

• Air transportation mechanic (National)

• Ground transportation mechanic (National)

• Maritime transportation mechanic (National)

2.35

2.35

2.47

2.29

2.89

2.70

3.85

2.70

3.00

2.35

1.93

2.47

2.29

2.89

2.70

3.85

2.70

3.00

Teaching (management staff)

2.47

2.01

Social and human health services

• Clinics and hospitals

• Health technicians (National)

2.47

2.72

2.72

2.01

2.03

2.72

Art, Entertainment and creativity (National)

• Gambling, bets and casinos (National)

• Gymnasiums (National)

2.47

2.89

2.72

2.47

2.89

2.72

Other Services activities

• Non profitable organizations

• Computer repair and maintenance (National)

• Domestic and personal belongings repairs and maintenance

-  Small Business

-  Large Business

• Residential condominium regime (Buildings with more than 10 levels) and homeowners associations (National)

• Spa`s, Beauty clinics

2.47

2.35

2.35

2.00

2.35

2.72

2.72

2.01

1.93

2.35

1.67

1.98

2.72

2.03

National or Foreign organisms activities (National)

2.47

2.47