Explore More Salaries
Browse our database for salaries in other careers or locations.
  1. Salary
    2.  / 
  2. Panama
Last Updated: July 08, 2026

Construction Contractor Salary in Panama

How much does a Construction Contractor make in Panama?

B/.53,875 (PAB)/year

Average Bonus

B/.3,426 (PAB)

per Year
Total Compensation

B/.56,587.45

As of July, 08, 2026, the average construction contractor gross salary in Panama is B/.53,875 or an equivalent hourly rate of B/.26. In addition, construction contractors earn an average bonus of B/.3,426. An entry level construction contractor with 1-3 years of experience earns an average salary of B/.37,743. At the higher end of the pay range, a senior level construction contractor with 8+ years of experience earns an average salary of B/.61,494. Salary estimates are based on salary survey data collected directly from employers in Panama.
Data powered by ERI

Salary Potential for a Construction Contractor

Explore the estimated salary growth for a Construction Contractor in Panama for up to 5 years. The estimated salary of a Construction Contractor will be B/.55,227 in 1 year and B/.60,986 in 5 years.
View Salary by Year
Estimated Salary
B/.56,614
Average Growth
5.1 %
The estimated salary for a Construction Contractor in 2 years is B/.56,614, which is 5.1 % average growth. This information is based on ERI's compensation database.

Typical Construction Contractor Education

This chart displays the highest level of education for Construction Contractors.

  • 3% of Construction Contractors have less than a High School Degree
  • 52% of Construction Contractors have a High School Diploma
  • 13% of Construction Contractors have an Associate's Degree
  • 26% of Construction Contractors have a Bachelor's Degree
  • 6% of Construction Contractors have a Master's Degree
  • 0% of Construction Contractors have a Doctorate Degree

The typical field of study for a Construction Contractor is Construction Management.

See how education can impact your salary

Popular Skills for a Construction Contractor

Leads workers
94%
Computes costs
67%

These are the most popular skills for Construction Contractors. About 94% of Construction Contractors have a skill in Leads workers.

See how skills can impact your salary

Are you getting paid what you're worth?

Discover your true earning potential. Get a personalized salary report and negotiate pay with confidence.
Job Title
Location

Where can a Construction Contractor earn more?

Discover where a Construction Contractor earns the most and choose a location that maximizes your career potential.
First Location
Second Location

Construction Contractor Salaries in Other Locations

Salaries for Similar Job Titles in Panama

View More

Construction Contractor Jobs

View more

Cost of Living in Panama

The cost of living in Panama is equal to the national average.
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.
Explore Cost-of-Living Calculator

Frequently Asked Questions

What does a Construction Contractor do?
Contracts to perform specified construction work in accordance with architect's plans, blueprints, codes, and other specifications. Computes costs of materials, labor, and use of equipment required to fulfill provisions of contract and prepares bids. Talks with clients to negotiate terms of contract. Leads workers directly or through subordinate supervisors.
How much does a Construction Contractor make in Panama?
The average salary for a Construction Contractor is B/.53,875 per year or B/.25.90 per hour in Panama. Top earners have reported making up to B/.61,494. However, the typical pay range in Panama is between B/.37,743 and B/.61,494 annually.
What is the salary trajectory for a Construction Contractor?
Construction Contractor is projected to see a 13.2 % salary change in 5 years.
How can you increase your salary?
Increasing your salary often starts with understanding your value in today’s job market. You can increase your earning potential by building your skills, advancing your education, moving into a new role or industry, switching companies, or negotiating pay.
How can you negotiate a salary offer? 
Negotiating a salary offer involves preparation and finding our your market value. Use our salary calculator to find out how much you should be paid based on what someone in your area, with similar experience, earns. Use this personalized report to help negotiate a higher salary offer or find your dream career. 
What are some factors that impact Construction Contractor salaries? 
Several factors can impact your salary, including experience, company size, job market, location, industry, and more. Understanding how these factors affect your role can help you spot pay gaps and provide opportunities for a competitive salary.

About Our Data

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

ERI compiles 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.

For Employers

See How Employers Price Construction Contractor
Explore how ERI's compensation data and analytics can help you benchmark salaries with ease and build competitive offers to maximize every pay decision.
Get Started arrow_forward