Adequacy of benefits in 1st quintile (poorest) (%) - Domestic Private in Panama
Panama: Adequacy of benefits in 1st quintile (poorest) (%) - Domestic Private was 17.3% in 2023. ▼ Falling
Adequacy of benefits in 1st quintile (poorest) (%) - Domestic Private in Panama, 2008–2023
Source: ASPIRE.
Analysis
Panama recorded 17.3% for adequacy of benefits in 1st quintile (poorest) (%) - domestic private in 2023.
Compared with earlier readings it is up 7.8% on the previous year and down 10.2% over ten years.
Over the whole period, adequacy of benefits in 1st quintile (poorest) (%) - domestic private in Panama peaked at 20.9% in 2008 and was at its lowest, 16.0%, in 2021.
That places Panama 25th out of 31 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) (%) - Domestic Private in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 2008 | 20.9% | — |
| 2009 | 17.6% | -15.5% |
| 2010 | 18.5% | +5.2% |
| 2011 | 20.3% | +9.3% |
| 2012 | 20.0% | -1.3% |
| 2013 | 19.2% | -4.0% |
| 2014 | 19.3% | +0.5% |
| 2015 | 19.4% | +0.3% |
| 2016 | 18.9% | -2.3% |
| 2017 | 19.4% | +2.7% |
| 2018 | 17.7% | -8.9% |
| 2019 | 18.9% | +6.6% |
| 2021 | 16.0% | -15.1% |
| 2023 | 17.3% | +7.8% |
Panama compared with similar countries
- Panama's 17.3% is below the median for high income countries, which is 28.3%, 61% of the median. (6 countries reporting)
- Panama's 17.3% is below the median for Latin America & Caribbean, which is 24.0%, 72% of the median. (15 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 19.3% | 17.6% | 20.9% | 2 |
| 2010s | 19.2% | 17.7% | 20.3% | 10 |
| 2020s | 16.6% | 16.0% | 17.3% | 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 17.3% 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 20.9% in 2008.
- What is the lowest adequacy of benefits in 1st quintile (poorest) (%) - domestic private recorded in Panama?
- The lowest recorded value was 16.0% in 2021.
- How does Panama rank for adequacy of benefits in 1st quintile (poorest) (%) - domestic private?
- Panama ranks 25th out of 31 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 10.2%. 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 -urban. 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