Budget Analyst Salary in Panama

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Last Updated: July 11, 2026

PAB 35,341 USD

per year
Hourly Rate PAB 16.99
Bonus PAB 1,378

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Entry Level PAB 25K
Average PAB 35K
Senior Level PAB 43K

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The average pay for a Budget Analyst is PAB 35,341, which is PAB 16.99 an hour in Panama. The average salary range for a Budget Analyst is between PAB 24,704 and PAB 42,975. On average, a Bachelor's is the highest level of education for a Budget Analyst.

This compensation analysis comes from aggregated salary survey data for Panama. ERI's compensation information is based on employer-reported data collected from ERI's salary surveys, customer HRIS data, data from Proxies/10Ks and Forms 990, proprietary databases, and purchased survey data. Cost-of-labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc. For more information, see ERI's methodology.

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Salary Potential for Budget Analyst

Explore the estimated salary growth for Budget Analyst in Panama for up to 5 years. The estimated salary of Budget Analyst in 1 year will be PAB 36,172, and in 5 years, will be PAB 39,695.

Number of Years

2 Years

Estimated Salary

PAB 37,022 USD

Percentage Growth

0%

Growth Trajectory

The estimated salary growth for Budget Analyst in [# of years] is [salary], which is [average growth %] average growth. This information is based on ERI's compensation database.

What Does a Budget Analyst Do?

Analyzes, advises, and provides technical assistance in preparing budgets. Reviews proposed financial plans for completeness, accuracy, conformance with established procedures, regulations, and organizational objectives. Seeks new ways to improve efficiency and lower costs. Excludes paraprofessional positions.

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Education, Skills, and Certifications for Budget Analysts

Gain access to salary differentials for education and skills in ERI's Salary Assessor

Education

Below is the average education level for a Budget Analyst. About 60% have a Bachelor's degree, 28% have a Master's degree, and 6% have a Associate degree.

  • Bachelor's Degree 60%
  • Master's Degree 28%
  • Associate Degree 6%
  • High School Diploma 6%
  • Doctorate Degree 0%
  • Less Than HS 0%

Top Skills

Below are top skills for a Budget Analyst. 85% of Budget Analysts have a skill in Correlates appropriations. The top 3 most popular skills for Budget Analysts are Correlates appropriations and Supervises activities.

  • Correlates appropriations 85%
  • Supervises activities 67%

Popular Certifications for Budget Analyst

Secret Clearance - U.S. Government

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Compare Budget Analyst Salaries by Location

See how Budget Analyst salaries vary by region and find the best location for your career.

Average Salaries for Budget Analyst

The average salary of budget analyst in Panama is $35,341. The average salary of budget analyst in California is $109,987. The average salary of budget analyst in United States is $96,970. Explore the average salaries for budget analyst in other locations below.

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Cost of Living in Panama

The cost of living in Panama is 0% equal to than the national average.

Whether you're planning to move or just want to see the cost of living in different locations, our cost-of-living calculator is the place to start. Compare salaries for other locations by city, U.S. ZIP code, state, or country.

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Why Your Salary May Look Different

This information is based on a specific job title and location, but real-world compensation can vary based on factors like years of experience, company size, shift differentials, and more. Because of these variables, your actual pay may fall above or below the average ranges shown. Use ERI's salary data and compensation management platform to identify market trends and accurately adjust pay so that you can price jobs competitively.

Based on the average salary in the United States, if your shift differential is 10%, then your pay will increase by PAB 1.70/hour

*Some jobs may not be adjusted using shift differentials. Please contact [email protected] for additional information.

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Frequently Asked Questions

Common questions about Budget Analyst salaries and career insights

How much does a Budget Analyst make in Panama?

ERI's data indicated that, on average, a Budget Analyst is PAB 35,341 per year or PAB 16.99 per hour in Panama, which is equal to the national average. Top earners have reported making up to PAB 42,975. However, the typical pay range in Panama, is between PAB 24,704 and PAB 42,975 annually.

What is the salary potential for Budget Analyst in 5 years?

Budget Analyst is projected to see 12.3% salary growth in 5 years.

What are some factors that impact Budget Analyst salaries?

Several factors can impact the salary, including experience, company size, job market, location, industry, and more. Understanding how these factors affect the role can provide opportunities to earn more. Use our salary calculator to find out how much you should be paid based on what someone in your area, with similar experience, earns.

How can I accurately price jobs for my organization?

There are several factors that can impact the salary, including experience, company size, job market, location, industry, education, certificates, shift differentials, and more. Understanding how these factors affect the role can help you spot pay gaps and retain top talent. ERI's Assessor Platform brings these factors together in one platform, making it easy to benchmark roles, analyze insights, and set pay with confidence.

What is ERI Economic Research Institute?

ERI Economic Research Institute was founded over 35 years ago to provide trusted compensation data for private and public organizations. ERI has established itself as a gold standard for global salary benchmarking and geographic differentials and has evolved to offer a complete compensation management software solution.

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With decades of experience in compensation, ERI offers an extensive and reliable salary survey database powered by the Assessor Platform, a comprehensive compensation management solution that optimizes complex processes for accuracy and efficiency.

HR and compensation professionals in organizations ranging from small companies to the Fortune 500 rely on ERI's Assessor Platform to:

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How often does ERI's compensation database get updated?

ERI's team of PhD-level data scientists and seasoned compensation professionals review and validate our salary data approximately every six weeks, ensuring the accuracy of the data that we publish. Learn more about our methodology.

What educational resources does ERI offer for professionals?

ERI offers 36 free self-study courses through our Distance Learning Center, helping professionals master technical domains like market pricing and geographic differentials. While course content is complimentary, practitioners can choose to pursue the Compensation Analyst (CAC) or Compensation Committee (CCC) credentials to validate their expertise and earn up to 20 HRCI or SHRM recertification credits. Learn more.

About Our Data

This page is an excerpt of the much more complete compensation information available in ERI's Assessor Series.

For over 35 years, ERI has compiled the most robust and accurate salary, cost-of-living, and executive compensation survey database available. Data are analyzed using AI and traditional statistics, depending on which approach is best for a particular application. ERI collects salary survey data from five different sources, which you can learn about here.

Verified Sources

Data sourced from internal salary surveys, purchased surveys, public sources, HRIS data, and proprietary databases.

Real-Time Data

Our salary database is updated and verified approximately every six weeks.

Quality Assurance

Along with our data scientists, we have included AI in our rigorous process to analyze and provide the highest quality data.

10,500+

Locations

35,900+

Job Titles

4,400+

Skills

5,500+

Certifications

1,100+

Industries

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