Living Wage 2021:
USD $590 per month
The Anker Living Wage Reference Value for 2021 for rural Panama is USD $590 per month. Panama is a dollarized country and values are reported in US dollars. This is the wage required for workers to be able to afford a basic but decent living standard in a typical rural area of Panama.
Download the Report
Cover photo credit: Eylon Israely
About Anker Reference Values
The Anker Reference Value methodology is the next step on our journey to measure and improve Living Wages and Living Incomes around the world. It builds on data and knowledge gained from 40 complete Anker Methodology benchmark studies (most of which are published on the GLWC website). Anker Reference Values provide a credible estimate of living wage or income at a country level, for rural and urban areas. They offer an insightful reference beyond the currently available indicators for many countries, which are mostly limited to poverty lines and minimum wages.
Anker Reference Values can be estimated more quickly than full-fledged Anker benchmarks. With this new, globally scalable and efficient methodology, members of the Coalition, companies, trade unions, and other stakeholders will be able to understand wage and income gaps to decency for many more countries and start working to reduce them. Reference values enable risk assessments and prioritization on a global scale. Full Anker benchmark studies remain our Gold Standard for highly localized measurement of Living Wage and Living Income. Learn more.