PANAMA

The Anker Living Wage Reference Value for 2020 for rural Panama is USD 569, including tax, per month with a 95% confidence interval around it from USD 505 to USD 640. 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. The Reference Value is comprised of a net living wage (i.e. take-home pay) of USD 513 per month plus USD 56 per month which would be deducted by law from pay per month for social security. Workers earning a living wage would not have to pay income tax, since workers who earn an annual amount of USD 11,000 or less are not required to pay personal income tax.. “A living income is the net annual income required for a household in a particular place to afford a decent standard of living for all members of that household. Elements of a decent standard of living include: food, water, housing, education, healthcare, transport, clothing, and other essential needs including provision for unexpected events” (Living Income Community of Practice).