Average Production Worker Salary in Panama for 2024

In this article, we will look at the average Production Worker 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 Production Worker Make in Panama?

A Production Worker working in Panama will typically earn around 7,800 PAB per year, and this can range from the lowest average salary of about 4,840 PAB to the highest average salary of 12,240 PAB.

Average Annual Salary
7,800 PAB
Average Monthly Salary
650 PAB

Lowest Annual Salary
4,840 PAB
Lowest Monthly Salary
403 PAB

Highest Annual Salary
12,240 PAB
Highest Monthly Salary
1,020 PAB

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

Production Worker 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 Production Worker Salaries in Panama

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

Salary ranges

We already know that a Production Worker can earn between 4,840 PAB and 12,240 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 Production Worker in Panama is 9,440 PAB. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 9,440 PAB, and 50% of the population earn more than 9,440 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 Production Worker salary in Panama, 25% of the population are earning less than 5,620 PAB while 75% of the population earn more than 5,620 PAB.

75% of the population earn less than 12,180 PAB, and 25% of the population earn more than 12,180 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.

Production Worker 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 production worker 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 Production Worker in Panama that has less than two years of experience can expect to earn somewhere in the region of 6,480 PAB.
  • 2 - 5 Years Experience. With two to five years of experience the average Production Worker salary would increase to 5,520 PAB.
  • 5 - 10 Years Experience. From five to ten years of experience as a Production Worker, the average salary would be 9,440 PAB.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 12,520 PAB.
  • 15 - 20 Years Experience. A Production Worker with 15 to 20 years of experience can earn an average of 13,060 PAB.
  • 20+ Years Experience. For a Production Worker with more than 20 years, the expected average salary increases to 13,780 PAB.

Average Salary by Experience Chart

0-2 Years
6,480 PAB
2-5 Years +29%
5,520 PAB
5-10 Years +38%
9,440 PAB
10-15 Years +24%
12,520 PAB
15-20 Years +7%
13,060 PAB
20+ Years +7%
13,780 PAB

Production Worker 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 Production Worker 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 Production Worker in Panama with a high school education can earn an average salary of 7,040 PAB.

  • Certificate or Diploma. A Production Worker in Panama with a certificate or diploma education can earn an average salary of 11,040 PAB.

Average Salary by Education Chart

High School
7,040 PAB
Certificate or Diploma +65%
11,040 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.

Production Worker 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 production worker will earn an average of 9,440 PAB, while a female production worker will earn around 7,240 PAB.

This means that a male production worker earns approximately 30% more than a female production worker for performing the same job.

Average Salary by Gender Chart in Panama

Male
9,440 PAB
Female -30%
7,240 PAB

Production Worker 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 Production Worker in Panama is around 8% every 20 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 = ( 8 ÷ 20 ) × 12  = 5%

What this means is that a Production Worker in Panama can expect to receive an average pay raise of around 5% 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%

Production Worker 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 Production Worker is a low bonus based job, with 28% of employees reporting at least one bonus in the last 12 months.

72% 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 4%.

Received Bonus
28%
No Bonus
72%

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 Production Worker

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

Job Title Category Salary
Assembly Foreman Factory and Manufacturing 6,200 PAB
Assembly Line Worker Factory and Manufacturing 5,200 PAB
Assembly Supervisor Factory and Manufacturing 9,960 PAB
Assistance Maintenance Manager Factory and Manufacturing 23,080 PAB
Assistant Shipping Manager Factory and Manufacturing 20,460 PAB
Chemical Equipment Controller Factory and Manufacturing 15,300 PAB
Chemical Technican Apprentice Factory and Manufacturing 13,900 PAB
CNC Machinist Factory and Manufacturing 15,580 PAB
CNC Operator Factory and Manufacturing 12,580 PAB
CNC Programmer Factory and Manufacturing 17,620 PAB
Colour Technologist Factory and Manufacturing 7,240 PAB
Contracts Manager Factory and Manufacturing 27,020 PAB
Data Collection Coordinator Factory and Manufacturing 10,080 PAB
Demand Planner Factory and Manufacturing 7,820 PAB
Derrick Operator Factory and Manufacturing 7,620 PAB
Director of Manufacturing Factory and Manufacturing 41,700 PAB
Dock Worker Factory and Manufacturing 5,520 PAB
Drying Technician Factory and Manufacturing 6,760 PAB
Equipment Operator Factory and Manufacturing 5,200 PAB
Export Sales Coordinator Factory and Manufacturing 19,380 PAB
Factory Superintendent Factory and Manufacturing 8,880 PAB
Factory Worker Factory and Manufacturing 7,040 PAB
Failure Analysis Technician Factory and Manufacturing 9,740 PAB
Fiberglass Laminator Factory and Manufacturing 6,760 PAB
Food Technologist Factory and Manufacturing 12,200 PAB
Forklift Driver Factory and Manufacturing 7,040 PAB
Forklift Operator Factory and Manufacturing 6,080 PAB
Forming Machine Operator Factory and Manufacturing 6,200 PAB
Furnace Operator Factory and Manufacturing 6,200 PAB
Gas Appliance Repairer Factory and Manufacturing 7,620 PAB
General Warehouse Associate Factory and Manufacturing 11,040 PAB
Heavy Equipment Operator Factory and Manufacturing 7,080 PAB
HSE Manager Factory and Manufacturing 31,660 PAB
Industrial Engineer Factory and Manufacturing 23,400 PAB
Industrial Machinery Mechanic Factory and Manufacturing 13,960 PAB
Industrial Production Manager Factory and Manufacturing 42,400 PAB
Industrial Safety and Health Engineer Factory and Manufacturing 19,940 PAB
Intake Operator Factory and Manufacturing 9,360 PAB
Key Account Manager Factory and Manufacturing 33,980 PAB
Lift Truck Operator Factory and Manufacturing 7,620 PAB
Loading Supervisor Factory and Manufacturing 12,200 PAB
Logistic Coordinator Factory and Manufacturing 18,780 PAB
Logistics Clerk Factory and Manufacturing 10,100 PAB
Machine Operator Factory and Manufacturing 5,200 PAB
Machinist Factory and Manufacturing 6,080 PAB
Maintenance Manager Factory and Manufacturing 25,720 PAB
Maintenance Store Clerk Factory and Manufacturing 6,200 PAB
Manufacturing Engineer Factory and Manufacturing 22,420 PAB
Manufacturing Engineering Manager Factory and Manufacturing 31,520 PAB
Manufacturing Engineering Technologist Factory and Manufacturing 23,480 PAB
Manufacturing Manager Factory and Manufacturing 39,960 PAB
Manufacturing Operative Factory and Manufacturing 12,620 PAB
Manufacturing Production Technician Factory and Manufacturing 10,320 PAB
Manufacturing Supervisor Factory and Manufacturing 18,900 PAB
Manufacturing Technician Factory and Manufacturing 9,020 PAB
Materials Manager Factory and Manufacturing 27,480 PAB
Materials Supervisor Factory and Manufacturing 19,020 PAB
Mechanical Fitter Engineer Factory and Manufacturing 24,840 PAB
Mechanical Foreman Factory and Manufacturing 5,520 PAB
Merchandise Planner Factory and Manufacturing 10,080 PAB
Metrology Engineer Factory and Manufacturing 21,100 PAB
Operations Engineer Factory and Manufacturing 21,640 PAB
Operations Manager Factory and Manufacturing 32,420 PAB
Order Management Coordinator Factory and Manufacturing 15,920 PAB
Order Processing Manager Factory and Manufacturing 31,080 PAB
Order Selector Factory and Manufacturing 7,080 PAB
Package Handler Factory and Manufacturing 6,080 PAB
Packaging Manager Factory and Manufacturing 21,980 PAB
Packer Factory and Manufacturing 7,620 PAB
Packing Deputy Supervisor Factory and Manufacturing 18,900 PAB
Planning Manager Factory and Manufacturing 32,200 PAB
Plant Manager Factory and Manufacturing 38,060 PAB
Precision Instrument Repairer Factory and Manufacturing 12,300 PAB
Process Technician Factory and Manufacturing 9,360 PAB
Product Manager Factory and Manufacturing 38,140 PAB
Production Analyst Factory and Manufacturing 32,960 PAB
Production Director Factory and Manufacturing 41,480 PAB
Production Engineer Factory and Manufacturing 23,480 PAB
Production Engineering Supervisor Factory and Manufacturing 34,540 PAB
Production Inspector Factory and Manufacturing 23,480 PAB
Production Laborer Factory and Manufacturing 5,400 PAB
Production Manager Factory and Manufacturing 41,980 PAB
Production Operator Factory and Manufacturing 10,380 PAB
Production Scheduler Factory and Manufacturing 18,780 PAB
Production Supervisor Factory and Manufacturing 20,760 PAB
Production Technician Factory and Manufacturing 10,380 PAB
Quality Control Analyst Factory and Manufacturing 31,660 PAB
Quality Control Inspector Factory and Manufacturing 22,420 PAB
Quality Control Manager Factory and Manufacturing 33,960 PAB
Service Technician Factory and Manufacturing 10,100 PAB
SHEQ Officer Factory and Manufacturing 10,220 PAB
Shipping Manager Factory and Manufacturing 35,560 PAB
Small Engine Mechanic Factory and Manufacturing 12,620 PAB
Spray Painter Factory and Manufacturing 8,440 PAB
Sterile Processing Technician Factory and Manufacturing 10,100 PAB
Structural Welder Factory and Manufacturing 5,400 PAB
Supply Chain Operative Factory and Manufacturing 20,300 PAB
Technical Operator Factory and Manufacturing 7,800 PAB
Technology Development Manager Factory and Manufacturing 40,240 PAB
Testing Technician Factory and Manufacturing 15,300 PAB
Toolmaker Factory and Manufacturing 9,940 PAB
Warehouse Forklift Operator Factory and Manufacturing 6,760 PAB
Warehouse Operative Factory and Manufacturing 7,620 PAB
Warehouse Worker Factory and Manufacturing 7,300 PAB
Warranty Handler Factory and Manufacturing 14,620 PAB
Welder Factory and Manufacturing 6,200 PAB
Workshop Manager Factory and Manufacturing 27,040 PAB

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