Adequacy of benefits in 3rd quintile (%) -All Social Protection and in Panama
Panama: Adequacy of benefits in 3rd quintile (%) -All Social Protection and was 16.6% in 2023. ▼ Falling
Adequacy of benefits in 3rd quintile (%) -All Social Protection and in Panama, 2008–2023
Source: ASPIRE.
Analysis
The most recent figure for adequacy of benefits in 3rd quintile (%) -all social protection and in Panama is 16.6%, measured in 2023.
That represents a change of down 24.6% on the previous year and up 13.2% over ten years.
Over the whole period, adequacy of benefits in 3rd quintile (%) -all social protection and in Panama peaked at 34.0% in 2008 and was at its lowest, 13.0%, in 2016.
Panama ranks 27th of 36 countries on this measure, 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 | Value | Change |
|---|---|---|
| 2008 | 34.0% | — |
| 2009 | 17.1% | -49.7% |
| 2010 | 16.3% | -4.6% |
| 2011 | 19.0% | +16.7% |
| 2012 | 15.3% | -19.8% |
| 2013 | 14.6% | -4.0% |
| 2014 | 16.2% | +10.7% |
| 2015 | 14.2% | -12.6% |
| 2016 | 13.0% | -8.0% |
| 2017 | 14.7% | +13.1% |
| 2018 | 14.0% | -5.0% |
| 2019 | 13.6% | -2.8% |
| 2021 | 22.0% | +61.6% |
| 2023 | 16.6% | -24.6% |
Panama compared with similar countries
- Panama's 16.6% is below the median for high income countries, which is 32.3%, 51% of the median. (6 countries reporting)
- Panama's 16.6% is above the median for Latin America & Caribbean, which is 16.6%, 1.0× the median. (15 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 25.5% | 17.1% | 34.0% | 2 |
| 2010s | 15.1% | 13.0% | 19.0% | 10 |
| 2020s | 19.3% | 16.6% | 22.0% | 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 16.6% 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 34.0% in 2008.
- What is the lowest adequacy of benefits in 3rd quintile (%) -all social protection and recorded in Panama?
- The lowest recorded value was 13.0% in 2016.
- How does Panama rank for adequacy of benefits in 3rd quintile (%) -all social protection and?
- Panama ranks 27th out of 36 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 13.2%. 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 Protection and Labor -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