Adequacy of benefits in 2nd quintile (%) -All Social Protection and in Panama
Panama: Adequacy of benefits in 2nd quintile (%) -All Social Protection and was 30.8% in 2023. ▲ Rising
Adequacy of benefits in 2nd quintile (%) -All Social Protection and in Panama, 2008–2023
Source: ASPIRE.
Analysis
Panama recorded 30.8% for adequacy of benefits in 2nd quintile (%) -all social protection and in 2023.
Compared with earlier readings it is down 6.0% on the previous year and up 55.1% over ten years.
Over the whole period, adequacy of benefits in 2nd quintile (%) -all social protection and in Panama peaked at 32.9% in 2016 and was at its lowest, 11.7%, in 2008.
Panama ranks 17th of 36 countries on this measure, 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 | Value | Change |
|---|---|---|
| 2008 | 11.7% | — |
| 2009 | 19.1% | +62.4% |
| 2010 | 23.5% | +23.1% |
| 2011 | 21.1% | -10.1% |
| 2012 | 19.8% | -6.3% |
| 2013 | 19.8% | +0.3% |
| 2014 | 19.9% | +0.4% |
| 2015 | 31.1% | +56.2% |
| 2016 | 32.9% | +5.8% |
| 2017 | 32.6% | -0.9% |
| 2018 | 29.7% | -8.9% |
| 2019 | 27.2% | -8.5% |
| 2021 | 32.8% | +20.4% |
| 2023 | 30.8% | -6.0% |
Panama compared with similar countries
- Panama's 30.8% is below the median for high income countries, which is 34.1%, 90% of the median. (6 countries reporting)
- Panama's 30.8% is above the median for Latin America & Caribbean, which is 21.8%, 1.4× the median. (14 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 15.4% | 11.7% | 19.1% | 2 |
| 2010s | 25.8% | 19.8% | 32.9% | 10 |
| 2020s | 31.8% | 30.8% | 32.8% | 2 |
Countries ranked near Panama
- 14 Kosovo 33.2% compare
- 14 Kosovo (UNSCR 1244) 33.2% compare
- 16 Uruguay 31.2% compare
- 18 Costa Rica 29.2% compare
- 19 Thailand 29.0% compare
- 20 South Africa 28.3% 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 protection and in Panama?
- Adequacy of benefits in 2nd quintile (%) -all social protection and in Panama was 30.8% 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 32.9% in 2016.
- What is the lowest adequacy of benefits in 2nd quintile (%) -all social protection and recorded in Panama?
- The lowest recorded value was 11.7% in 2008.
- How does Panama rank for adequacy of benefits in 2nd quintile (%) -all social protection and?
- Panama ranks 17th out of 36 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 55.1%. 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 -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