Adequacy of benefits in 2nd quintile (%) -All Social Protection and in Panama
Panama: Adequacy of benefits in 2nd quintile (%) -All Social Protection and was 23.5% in 2023. ▲ Rising
Adequacy of benefits in 2nd quintile (%) -All Social Protection and in Panama, 2008–2023
Source: ASPIRE. Measured in preT.
Analysis
The most recent figure for adequacy of benefits in 2nd quintile (%) -all social protection and in Panama is 23.5%, measured in 2023.
Compared with earlier readings it is down 28.1% on the previous year and up 33.8% over ten years.
Over the whole period, adequacy of benefits in 2nd quintile (%) -all social protection and in Panama peaked at 32.8% in 2021 and was at its lowest, 17.2%, in 2009.
That places Panama 25th out of 37 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 14 years of available data.
Adequacy of benefits in 2nd quintile (%) -All Social Protection and in Panama, year by year
| Year | preT | Change |
|---|---|---|
| 2008 | 29.9% | — |
| 2009 | 17.2% | -42.4% |
| 2010 | 19.2% | +11.3% |
| 2011 | 20.3% | +6.1% |
| 2012 | 18.5% | -8.8% |
| 2013 | 17.6% | -5.0% |
| 2014 | 18.0% | +2.1% |
| 2015 | 20.9% | +16.4% |
| 2016 | 21.4% | +2.5% |
| 2017 | 20.6% | -3.8% |
| 2018 | 21.0% | +1.8% |
| 2019 | 20.5% | -2.5% |
| 2021 | 32.8% | +60.2% |
| 2023 | 23.5% | -28.1% |
Panama compared with similar countries
- Panama's 23.5% is below the median for high income countries, which is 34.7%, 68% of the median. (6 countries reporting)
- Panama's 23.5% is above the median for Latin America & Caribbean, which is 23.5%, 1.0× the median. (15 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 23.6% | 17.2% | 29.9% | 2 |
| 2010s | 19.8% | 17.6% | 21.4% | 10 |
| 2020s | 28.2% | 23.5% | 32.8% | 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 2nd quintile (%) -all social protection and in Panama?
- Adequacy of benefits in 2nd quintile (%) -all social protection and in Panama was 23.5% in 2023, according to ASPIRE.
- What is the highest adequacy of benefits in 2nd quintile (%) -all social protection and recorded in Panama?
- The highest recorded value was 32.8% in 2021.
- What is the lowest adequacy of benefits in 2nd quintile (%) -all social protection and recorded in Panama?
- The lowest recorded value was 17.2% in 2009.
- How does Panama rank for adequacy of benefits in 2nd quintile (%) -all social protection and?
- Panama ranks 25th out of 37 countries with data for 2023.
- Is adequacy of benefits in 2nd quintile (%) -all social protection and rising or falling in Panama?
- Over the last ten years it is up 33.8%. The long-run trend across the full record is rising.
- Where does this Panama data come from?
- The figures come from ASPIRE, published as part of Adequacy of benefits in 2nd quintile (%) -All Social Protection and Labor (preT). 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