Psychologist Salary in Panama

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Last Updated: July 11, 2026

PAB 42,461 USD

per year
Hourly Rate PAB 20.41
Bonus PAB 1,304

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Entry Level PAB 29K
Average PAB 42K
Senior Level PAB 52K

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The average pay for a Psychologist is PAB 42,461, which is PAB 20.41 an hour in Panama. The average salary range for a Psychologist is between PAB 29,383 and PAB 51,760. On average, a Master's is the highest level of education for a Psychologist.

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 Psychologist

Explore the estimated salary growth for Psychologist in Panama for up to 5 years. The estimated salary of Psychologist in 1 year will be PAB 43,446, and in 5 years, will be PAB 47,621.

Number of Years

2 Years

Estimated Salary

PAB 44,454 USD

Percentage Growth

0%

Growth Trajectory

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

What Does a Psychologist Do?

Advises individuals and groups in universities and colleges, schools, clinics, rehabilitation centers, Veterans Administration hospitals, and industry to assist individuals in achieving more effective personal, social, educational, and vocational development and adjustment. Collects data about individuals through use of interviews, case history, and observational techniques. Evaluates data to identify causes of problem of individuals and to determine advisability of counseling or referral to other specialists or institutions.

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Education, Skills, and Certifications for Psychologists

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

Education

Below is the average education level for a Psychologist. About 46% have a Master's degree, 30% have a Bachelor's degree, and 24% have a Doctorate degree.

  • Master's Degree 46%
  • Bachelor's Degree 30%
  • Doctorate Degree 24%
  • Associate Degree 0%
  • High School Diploma 0%
  • Less Than HS 0%

Top Skills

Below are top skills for a Psychologist. 91% of Psychologists have a skill in Advises individuals. The top 3 most popular skills for Psychologists are Advises individuals, Collects data, and Evaluates data.

  • Advises individuals 91%
  • Collects data 60%
  • Evaluates data 60%
  • Evaluates individuals 6%
  • Administers programs 3%

Popular Certifications for Psychologist

Licensed Psychologist - State Board Specialist in Counseling Psychology - American Board of Counseling Psychology Board Certified Specialist in Rehabilitation Psychology

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Compare Psychologist Salaries by Location

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

Average Salaries for Psychologist

The average salary of psychologist in Panama is $42,461. The average salary of psychologist in California is $133,769. The average salary of psychologist in United States is $116,600. Explore the average salaries for psychologist 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 2.04/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 Psychologist salaries and career insights

How much does a Psychologist make in Panama?

ERI's data indicated that, on average, a Psychologist is PAB 42,461 per year or PAB 20.41 per hour in Panama, which is equal to the national average. Top earners have reported making up to PAB 51,760. However, the typical pay range in Panama, is between PAB 29,383 and PAB 51,760 annually.

What is the salary potential for Psychologist in 5 years?

Psychologist is projected to see 12.2% salary growth in 5 years.

What are some factors that impact Psychologist 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.

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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.

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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.

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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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