Adequacy of benefits in 3rd quintile (%) -All Social Protection and in Panama
Panama: Adequacy of benefits in 3rd quintile (%) -All Social Protection and was 19.6% in 2023. ▼ Falling
Adequacy of benefits in 3rd quintile (%) -All Social Protection and in Panama, 2008–2023
Source: ASPIRE. Measured in preT.
Analysis
In 2023, adequacy of benefits in 3rd quintile (%) -all social protection and in Panama stood at 19.6%.
Compared with earlier readings it is down 17.3% on the previous year and up 23.9% over ten years.
Over the whole period, adequacy of benefits in 3rd quintile (%) -all social protection and in Panama peaked at 41.1% in 2008 and was at its lowest, 15.2%, in 2016.
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 falling across the 14 years of available data.
Adequacy of benefits in 3rd quintile (%) -All Social Protection and in Panama, year by year
| Year | preT | Change |
|---|---|---|
| 2008 | 41.1% | — |
| 2009 | 17.5% | -57.5% |
| 2010 | 18.5% | +6.1% |
| 2011 | 18.5% | +0.1% |
| 2012 | 16.6% | -10.4% |
| 2013 | 15.8% | -4.6% |
| 2014 | 17.0% | +7.1% |
| 2015 | 16.2% | -4.6% |
| 2016 | 15.2% | -6.2% |
| 2017 | 16.6% | +9.6% |
| 2018 | 16.5% | -0.9% |
| 2019 | 15.8% | -3.8% |
| 2021 | 23.7% | +49.7% |
| 2023 | 19.6% | -17.3% |
Panama compared with similar countries
- Panama's 19.6% is below the median for high income countries, which is 34.0%, 58% of the median. (6 countries reporting)
- Panama's 19.6% is above the median for Latin America & Caribbean, which is 19.1%, 1.0× the median. (15 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 29.3% | 17.5% | 41.1% | 2 |
| 2010s | 16.7% | 15.2% | 18.5% | 10 |
| 2020s | 21.7% | 19.6% | 23.7% | 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 protection and in Panama?
- Adequacy of benefits in 3rd quintile (%) -all social protection and in Panama was 19.6% in 2023, according to ASPIRE.
- What is the highest adequacy of benefits in 3rd quintile (%) -all social protection and recorded in Panama?
- The highest recorded value was 41.1% in 2008.
- What is the lowest adequacy of benefits in 3rd quintile (%) -all social protection and recorded in Panama?
- The lowest recorded value was 15.2% in 2016.
- How does Panama rank for adequacy of benefits in 3rd quintile (%) -all social protection and?
- Panama ranks 25th out of 37 countries with data for 2023.
- Is adequacy of benefits in 3rd quintile (%) -all social protection and rising or falling in Panama?
- Over the last ten years it is up 23.9%. 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 3rd 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