Adequacy of benefits in 1st quintile (poorest) (%) - All Social in Panama
Panama: Adequacy of benefits in 1st quintile (poorest) (%) - All Social was 29.7% in 2023. ▼ Falling
Adequacy of benefits in 1st quintile (poorest) (%) - All Social in Panama, 2008–2023
Source: ASPIRE.
Analysis
In 2023, adequacy of benefits in 1st quintile (poorest) (%) - all social in Panama stood at 29.7%.
That represents a change of down 12.6% on the previous year and down 8.4% over ten years.
Over the whole period, adequacy of benefits in 1st quintile (poorest) (%) - all social in Panama peaked at 57.0% in 2008 and was at its lowest, 29.5%, in 2014.
That places Panama 26th out of 30 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 14 years of available data.
Adequacy of benefits in 1st quintile (poorest) (%) - All Social in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 2008 | 57.0% | — |
| 2009 | 36.8% | -35.3% |
| 2010 | 36.9% | +0.3% |
| 2011 | 44.1% | +19.5% |
| 2012 | 33.7% | -23.7% |
| 2013 | 32.4% | -3.7% |
| 2014 | 29.5% | -8.9% |
| 2015 | 37.6% | +27.4% |
| 2016 | 33.5% | -10.9% |
| 2017 | 38.4% | +14.6% |
| 2018 | 38.6% | +0.5% |
| 2019 | 42.4% | +10.0% |
| 2021 | 34.0% | -20.0% |
| 2023 | 29.7% | -12.6% |
Panama compared with similar countries
- Panama's 29.7% is below the median for Latin America & Caribbean, which is 53.5%, 55% of the median. (11 countries reporting)
- Panama's 29.7% is below the median for high income countries, which is 62.1%, 48% of the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 46.9% | 36.8% | 57.0% | 2 |
| 2010s | 36.7% | 29.5% | 44.1% | 10 |
| 2020s | 31.8% | 29.7% | 34.0% | 2 |
Countries ranked near Panama
- 24 Dominican Republic 41.2% compare
- 25 Viet Nam 40.0% compare
- 27 Mexico 28.8% compare
- 28 El Salvador 28.1% compare
- 29 Côte d'Ivoire 26.2% compare
More work & labour data for Panama
- Population - Est. & Proj. — Total Population - Both sexes, annual -0.192 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Male, annual growth -0.1956 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Female, annual growth -0.1888 % change on previous year (2100)
- Population - Est. & Proj. — Rural population, annual growth rate -1.03 % change on previous year (2050)
- Population - Est. & Proj. — Urban population, annual growth rate 1.09 % change on previous year (2050)
- Population - Est. & Proj. — Urban population 4,652 1000 No (2050)
- Population - Est. & Proj. — Rural population 1,175 1000 No (2050)
- Population - Est. & Proj. — Total Population - Female 2,950 1000 No (2100)
- Population - Est. & Proj. — Total Population - Male 2,955 1000 No (2100)
- Population - Est. & Proj. — Total Population - Both sexes 5,905 1000 No (2100)
Frequently asked questions
- What is adequacy of benefits in 1st quintile (poorest) (%) - all social in Panama?
- Adequacy of benefits in 1st quintile (poorest) (%) - all social in Panama was 29.7% in 2023, according to ASPIRE.
- What is the highest adequacy of benefits in 1st quintile (poorest) (%) - all social recorded in Panama?
- The highest recorded value was 57.0% in 2008.
- What is the lowest adequacy of benefits in 1st quintile (poorest) (%) - all social recorded in Panama?
- The lowest recorded value was 29.5% in 2014.
- How does Panama rank for adequacy of benefits in 1st quintile (poorest) (%) - all social?
- Panama ranks 26th out of 30 countries with data for 2023.
- Is adequacy of benefits in 1st quintile (poorest) (%) - all social rising or falling in Panama?
- Over the last ten years it is down 8.4%. The long-run trend across the full record is falling.
- Where does this Panama data come from?
- The figures come from ASPIRE, published as part of Adequacy of benefits in 1st quintile (poorest) (%) - All Social Insurance -rural. Statizoid updates them automatically from the source API.
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About this data
Total transfer amount received by all beneficiaries in a population group as a share of the total welfare of beneficiaries in that group