Adequacy of benefits in 1st quintile (poorest) (%) - Domestic Private in Panama
Panama: Adequacy of benefits in 1st quintile (poorest) (%) - Domestic Private was 20.2% in 2023. ▼ Falling
Adequacy of benefits in 1st quintile (poorest) (%) - Domestic Private in Panama, 2008–2023
Source: ASPIRE.
Analysis
The most recent figure for adequacy of benefits in 1st quintile (poorest) (%) - domestic private in Panama is 20.2%, measured in 2023.
Compared with earlier readings it is up 13.2% on the previous year and down 37.3% over ten years.
Over the whole period, adequacy of benefits in 1st quintile (poorest) (%) - domestic private in Panama peaked at 32.3% in 2013 and was at its lowest, 17.0%, in 2015.
Panama ranks 21st of 30 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 14 years of available data.
Adequacy of benefits in 1st quintile (poorest) (%) - Domestic Private in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 2008 | 19.1% | — |
| 2009 | 24.6% | +28.7% |
| 2010 | 26.7% | +8.7% |
| 2011 | 17.1% | -36.0% |
| 2012 | 17.4% | +1.8% |
| 2013 | 32.3% | +85.3% |
| 2014 | 20.1% | -37.8% |
| 2015 | 17.0% | -15.4% |
| 2016 | 18.5% | +9.0% |
| 2017 | 20.9% | +13.0% |
| 2018 | 20.1% | -3.7% |
| 2019 | 21.7% | +7.9% |
| 2021 | 17.9% | -17.7% |
| 2023 | 20.2% | +13.2% |
Panama compared with similar countries
- Panama's 20.2% is below the median for high income countries, which is 30.8%, 66% of the median. (6 countries reporting)
- Panama's 20.2% is below the median for Latin America & Caribbean, which is 22.8%, 89% of the median. (14 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 21.8% | 19.1% | 24.6% | 2 |
| 2010s | 21.2% | 17.0% | 32.3% | 10 |
| 2020s | 19.1% | 17.9% | 20.2% | 2 |
Countries ranked near Panama
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) (%) - domestic private in Panama?
- Adequacy of benefits in 1st quintile (poorest) (%) - domestic private in Panama was 20.2% in 2023, according to ASPIRE.
- What is the highest adequacy of benefits in 1st quintile (poorest) (%) - domestic private recorded in Panama?
- The highest recorded value was 32.3% in 2013.
- What is the lowest adequacy of benefits in 1st quintile (poorest) (%) - domestic private recorded in Panama?
- The lowest recorded value was 17.0% in 2015.
- How does Panama rank for adequacy of benefits in 1st quintile (poorest) (%) - domestic private?
- Panama ranks 21st out of 30 countries with data for 2023.
- Is adequacy of benefits in 1st quintile (poorest) (%) - domestic private rising or falling in Panama?
- Over the last ten years it is down 37.3%. 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) (%) - Domestic Private Transfers -rural. Statizoid updates them automatically from the source API.
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CSV · JSON — 14 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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