Adequacy of benefits in 2nd quintile (%) -All Social Protection and in Panama
Panama: Adequacy of benefits in 2nd quintile (%) -All Social Protection and was 21.2% in 2023. ▲ Rising
Adequacy of benefits in 2nd quintile (%) -All Social Protection and in Panama, 2008–2023
Source: ASPIRE.
Analysis
In 2023, adequacy of benefits in 2nd quintile (%) -all social protection and in Panama stood at 21.2%.
The figure is down 29.7% on the previous year and up 45.5% over ten years.
Over the whole period, adequacy of benefits in 2nd quintile (%) -all social protection and in Panama peaked at 30.2% in 2021 and was at its lowest, 13.6%, in 2009.
That places Panama 23rd 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 | Value | Change |
|---|---|---|
| 2008 | 20.7% | — |
| 2009 | 13.6% | -34.1% |
| 2010 | 16.2% | +19.0% |
| 2011 | 16.0% | -1.5% |
| 2012 | 15.0% | -6.3% |
| 2013 | 14.6% | -2.5% |
| 2014 | 14.9% | +1.7% |
| 2015 | 19.3% | +30.3% |
| 2016 | 19.2% | -0.5% |
| 2017 | 18.9% | -1.9% |
| 2018 | 18.3% | -3.0% |
| 2019 | 18.2% | -0.4% |
| 2021 | 30.2% | +65.8% |
| 2023 | 21.2% | -29.7% |
Panama compared with similar countries
- Panama's 21.2% is below the median for high income countries, which is 29.6%, 72% of the median. (6 countries reporting)
- Panama's 21.2% is above the median for Latin America & Caribbean, which is 19.4%, 1.1× the median. (15 countries reporting)
Biggest year-on-year movements
Years where Adequacy of benefits in 2nd quintile (%) -All Social Protection and in Panama changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | +65.8% | 18.2% | 30.2% |
| 2009 | -34.1% | 20.7% | 13.6% |
| 2015 | +30.3% | 14.9% | 19.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 17.2% | 13.6% | 20.7% | 2 |
| 2010s | 17.1% | 14.6% | 19.3% | 10 |
| 2020s | 25.7% | 21.2% | 30.2% | 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 2nd quintile (%) -all social protection and in Panama?
- Adequacy of benefits in 2nd quintile (%) -all social protection and in Panama was 21.2% 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 30.2% in 2021.
- What is the lowest adequacy of benefits in 2nd quintile (%) -all social protection and recorded in Panama?
- The lowest recorded value was 13.6% in 2009.
- How does Panama rank for adequacy of benefits in 2nd quintile (%) -all social protection and?
- Panama ranks 23rd 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 45.5%. 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. 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