Adequacy of benefits in 3rd quintile (%) - All Social Insurance -urban in Panama
Panama: Adequacy of benefits in 3rd quintile (%) - All Social Insurance -urban was 28.9% in 2023. ▼ Falling
Adequacy of benefits in 3rd quintile (%) - All Social Insurance -urban in Panama, 2008–2023
Source: ASPIRE.
Analysis
Panama recorded 28.9% for adequacy of benefits in 3rd quintile (%) - all social insurance -urban in 2023.
The figure is down 8.4% on the previous year and down 8.2% over ten years.
Over the whole period, adequacy of benefits in 3rd quintile (%) - all social insurance -urban in Panama peaked at 36.3% in 2011 and was at its lowest, 24.8%, in 2019.
That places Panama 30th out of 34 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 3rd quintile (%) - All Social Insurance -urban in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 2008 | 34.5% | — |
| 2009 | 34.0% | -1.7% |
| 2010 | 31.9% | -6.2% |
| 2011 | 36.3% | +14.0% |
| 2012 | 30.7% | -15.5% |
| 2013 | 31.5% | +2.6% |
| 2014 | 34.6% | +9.9% |
| 2015 | 28.3% | -18.2% |
| 2016 | 26.5% | -6.3% |
| 2017 | 29.7% | +11.8% |
| 2018 | 26.9% | -9.4% |
| 2019 | 24.8% | -7.8% |
| 2021 | 31.5% | +27.3% |
| 2023 | 28.9% | -8.4% |
Panama compared with similar countries
- Panama's 28.9% is below the median for high income countries, which is 41.8%, 69% of the median. (6 countries reporting)
- Panama's 28.9% is below the median for Latin America & Caribbean, which is 35.3%, 82% of the median. (15 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 34.2% | 34.0% | 34.5% | 2 |
| 2010s | 30.1% | 24.8% | 36.3% | 10 |
| 2020s | 30.2% | 28.9% | 31.5% | 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 3rd quintile (%) - all social insurance -urban in Panama?
- Adequacy of benefits in 3rd quintile (%) - all social insurance -urban in Panama was 28.9% in 2023, according to ASPIRE.
- What is the highest adequacy of benefits in 3rd quintile (%) - all social insurance -urban recorded in Panama?
- The highest recorded value was 36.3% in 2011.
- What is the lowest adequacy of benefits in 3rd quintile (%) - all social insurance -urban recorded in Panama?
- The lowest recorded value was 24.8% in 2019.
- How does Panama rank for adequacy of benefits in 3rd quintile (%) - all social insurance -urban?
- Panama ranks 30th out of 34 countries with data for 2023.
- Is adequacy of benefits in 3rd quintile (%) - all social insurance -urban rising or falling in Panama?
- Over the last ten years it is down 8.2%. 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 3rd quintile (%) - All Social Insurance -urban. 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