Adequacy of benefits in 2nd quintile (%) - All Social Insurance -rural in Panama
Panama: Adequacy of benefits in 2nd quintile (%) - All Social Insurance -rural was 27.9% in 2023. ▼ Falling
Adequacy of benefits in 2nd quintile (%) - All Social Insurance -rural in Panama, 2008–2023
Source: ASPIRE.
Analysis
Panama recorded 27.9% for adequacy of benefits in 2nd quintile (%) - all social insurance -rural in 2023. That is the lowest value across all 14 years on record.
Compared with earlier readings it is down 8.3% on the previous year and down 15.9% over ten years.
Over the whole period, adequacy of benefits in 2nd quintile (%) - all social insurance -rural in Panama peaked at 41.7% in 2008 and was at its lowest, 27.9%, in 2023.
That places Panama 29th 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 2nd quintile (%) - All Social Insurance -rural in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 2008 | 41.7% | — |
| 2009 | 34.0% | -18.4% |
| 2010 | 38.9% | +14.2% |
| 2011 | 32.4% | -16.7% |
| 2012 | 37.2% | +14.9% |
| 2013 | 33.2% | -10.8% |
| 2014 | 36.1% | +8.6% |
| 2015 | 41.5% | +15.0% |
| 2016 | 39.8% | -4.2% |
| 2017 | 39.1% | -1.6% |
| 2018 | 33.9% | -13.4% |
| 2019 | 34.0% | +0.3% |
| 2021 | 30.5% | -10.4% |
| 2023 | 27.9% | -8.3% |
Panama compared with similar countries
- Panama's 27.9% is below the median for high income countries, which is 50.7%, 55% of the median. (6 countries reporting)
- Panama's 27.9% is below the median for Latin America & Caribbean, which is 47.5%, 59% of the median. (12 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 37.9% | 34.0% | 41.7% | 2 |
| 2010s | 36.6% | 32.4% | 41.5% | 10 |
| 2020s | 29.2% | 27.9% | 30.5% | 2 |
Countries ranked near Panama
- 27 Mexico 28.9% compare
- 28 South Africa 28.3% compare
- 30 Côte d'Ivoire 20.6% compare
- 31 El Salvador 19.2% 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 2nd quintile (%) - all social insurance -rural in Panama?
- Adequacy of benefits in 2nd quintile (%) - all social insurance -rural in Panama was 27.9% in 2023, according to ASPIRE.
- What is the highest adequacy of benefits in 2nd quintile (%) - all social insurance -rural recorded in Panama?
- The highest recorded value was 41.7% in 2008.
- What is the lowest adequacy of benefits in 2nd quintile (%) - all social insurance -rural recorded in Panama?
- The lowest recorded value was 27.9% in 2023.
- How does Panama rank for adequacy of benefits in 2nd quintile (%) - all social insurance -rural?
- Panama ranks 29th out of 31 countries with data for 2023.
- Is adequacy of benefits in 2nd quintile (%) - all social insurance -rural rising or falling in Panama?
- Over the last ten years it is down 15.9%. 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 2nd quintile (%) - All Social Insurance -rural. Statizoid updates them automatically from the source API.
Download this data
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