Average Grower Salary in Panama for 2024

In this article, we will look at the average Grower salary for 2024 in Panama and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Panamanian balboa. To keep things simple, we are using the PAB currency code instead of the currency symbol B/..

How Much Does a Grower Make in Panama?

A Grower working in Panama will typically earn around 5,960 PAB per year, and this can range from the lowest average salary of about 4,440 PAB to the highest average salary of 13,660 PAB.

Average Annual Salary
5,960 PAB
Average Monthly Salary
496 PAB

Lowest Annual Salary
4,440 PAB
Lowest Monthly Salary
370 PAB

Highest Annual Salary
13,660 PAB
Highest Monthly Salary
1,138 PAB

These are average salaries for a Grower in Panama and include benefits such as housing and transport. It's also possible for a Grower to earn more or less than the average salaries shown above.

Grower salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Grower Salaries in Panama

So we've looked at the average salaries a Grower will earn in Panama. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Grower can earn between 4,440 PAB and 13,660 PAB on average in Panama. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Grower in Panama is 5,960 PAB. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 5,960 PAB, and 50% of the population earn more than 5,960 PAB.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Grower salary in Panama, 25% of the population are earning less than 6,760 PAB while 75% of the population earn more than 6,760 PAB.

75% of the population earn less than 7,820 PAB, and 25% of the population earn more than 7,820 PAB.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Grower Salary by Experience Level in Panama

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average grower salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Grower in Panama that has less than two years of experience can expect to earn somewhere in the region of 4,860 PAB.
  • 2 - 5 Years Experience. With two to five years of experience the average Grower salary would increase to 5,400 PAB.
  • 5 - 10 Years Experience. From five to ten years of experience as a Grower, the average salary would be 6,440 PAB.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 8,100 PAB.
  • 15 - 20 Years Experience. A Grower with 15 to 20 years of experience can earn an average of 9,740 PAB.
  • 20+ Years Experience. For a Grower with more than 20 years, the expected average salary increases to 12,760 PAB.

Average Salary by Experience Chart

0-2 Years
4,860 PAB
2-5 Years +32%
5,400 PAB
5-10 Years +34%
6,440 PAB
10-15 Years +19%
8,100 PAB
15-20 Years +8%
9,740 PAB
20+ Years +7%
12,760 PAB

Grower Salary by Education Level in Panama

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Grower in Panama based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Grower in Panama with a high school education can earn an average salary of 5,520 PAB.

  • Certificate or Diploma. A Grower in Panama with a certificate or diploma education can earn an average salary of 12,300 PAB.

Average Salary by Education Chart

High School
5,520 PAB
Certificate or Diploma +59%
12,300 PAB

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Panama is around 10,600 to 31,800 PAB and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Grower Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Panama, a male grower will earn an average of 7,300 PAB, while a female grower will earn around 7,040 PAB.

This means that a male grower earns approximately 4% more than a female grower for performing the same job.

Average Salary by Gender Chart in Panama

Male
7,300 PAB
Female -4%
7,040 PAB

Grower Average Pay Raise in Panama

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Grower in Panama is around 6% every 21 months.

The national average pay raise across all professions and industries in Panama is around 7% every 19 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 6 ÷ 21 ) × 12  = 3%

What this means is that a Grower in Panama can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Panama for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Panama.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
5%
Energy
1%
Information Technology
6%
Healthcare
2%
Travel
7%
Construction
3%
Education
8%

Grower Bonus and Incentive Rates in Panama

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Grower is a low bonus based job, with 27% of employees reporting at least one bonus in the last 12 months.

73% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 0% to 3%.

Received Bonus
27%
No Bonus
73%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Panama earn approximately 4% more than private sector employees in the same role.

Public Sector
27,040 PAB
Private Sector -4%
26,020 PAB

Salaries for Jobs Similar to a Grower

In the table below, we have salary information for jobs that are similar to a Grower in Panama.

Job Title Category Salary
Agricultural and Food Science Technician Gardening / Farming / Fishing 14,660 PAB
Agricultural and Food Scientist Gardening / Farming / Fishing 38,180 PAB
Agricultural Consultant Gardening / Farming / Fishing 37,200 PAB
Agricultural Engineer Gardening / Farming / Fishing 22,420 PAB
Agricultural Inspector Gardening / Farming / Fishing 21,020 PAB
Agricultural Manager Gardening / Farming / Fishing 35,000 PAB
Agronomist Gardening / Farming / Fishing 33,440 PAB
Animal Attendant Gardening / Farming / Fishing 8,880 PAB
Animal Nutritionist Gardening / Farming / Fishing 19,980 PAB
Animal Trainer Gardening / Farming / Fishing 14,620 PAB
Aquaculture and Seafood Farmer Gardening / Farming / Fishing 10,980 PAB
Bee Keeper Gardening / Farming / Fishing 6,080 PAB
Commercial Horticulturist Gardening / Farming / Fishing 17,540 PAB
Diver Gardening / Farming / Fishing 12,840 PAB
Farm Manager Gardening / Farming / Fishing 27,560 PAB
Farmer Gardening / Farming / Fishing 6,440 PAB
Floral Designer Gardening / Farming / Fishing 9,440 PAB
Foreman Gardening / Farming / Fishing 6,960 PAB
Forestry and Logging Worker Gardening / Farming / Fishing 5,040 PAB
Garden Center Helper Gardening / Farming / Fishing 8,440 PAB
Garden Centre Manager Gardening / Farming / Fishing 19,220 PAB
Gardener Gardening / Farming / Fishing 6,760 PAB
General Farm Assistant Gardening / Farming / Fishing 6,080 PAB
Greenhouse Assistant Gardening / Farming / Fishing 5,200 PAB
Greenhouse Manager Gardening / Farming / Fishing 15,700 PAB
Groundsman Gardening / Farming / Fishing 8,440 PAB
Horticultural Worker Gardening / Farming / Fishing 6,760 PAB
Tree Pruner Gardening / Farming / Fishing 8,440 PAB
Tree Specialist Gardening / Farming / Fishing 12,840 PAB

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