Adequacy of benefits in 3rd quintile (%) - Domestic Private Transfers in Panama

Panama: Adequacy of benefits in 3rd quintile (%) - Domestic Private Transfers was 15.8% in 2023. ▲ Rising

Latest (2023)
15.8%
Change on year
up 2.2%
World rank
19th
of 30 countries
All-time high
18.5%
in 2017
All-time low
10.8%
in 2009
Years of data
14
2008–2023

Adequacy of benefits in 3rd quintile (%) - Domestic Private Transfers in Panama, 2008–2023

051015202008201520232008: 122009: 10.82010: 12.32011: 11.52012: 11.92013: 13.22014: 13.32015: 16.32016: 16.22017: 18.52018: 15.42019: 15.12021: 15.52023: 15.8

Source: ASPIRE.

Analysis

The most recent figure for adequacy of benefits in 3rd quintile (%) - domestic private transfers in Panama is 15.8%, measured in 2023.

Compared with earlier readings it is up 2.2% on the previous year and up 20.3% over ten years.

Over the whole period, adequacy of benefits in 3rd quintile (%) - domestic private transfers in Panama peaked at 18.5% in 2017 and was at its lowest, 10.8%, in 2009.

Panama ranks 19th of 30 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 3rd quintile (%) - Domestic Private Transfers in Panama, year by year

Annual values for Adequacy of benefits in 3rd quintile (%) - Domestic Private Transfers -rural in Panama, 2008 to 2023.
Year Value Change
2008 12.0%
2009 10.8% -9.9%
2010 12.3% +13.6%
2011 11.5% -6.4%
2012 11.9% +3.4%
2013 13.2% +10.9%
2014 13.3% +1.5%
2015 16.3% +22.4%
2016 16.2% -0.9%
2017 18.5% +14.5%
2018 15.4% -16.8%
2019 15.1% -2.4%
2021 15.5% +2.8%
2023 15.8% +2.2%

Averages by decade

DecadeAverage LowestHighest Years
2000s 11.4% 10.8% 12.0% 2
2010s 14.4% 11.5% 18.5% 10
2020s 15.7% 15.5% 15.8% 2

Countries ranked near Panama

  1. 16 Mongolia 17.5% compare
  2. 17 Kazakhstan 17.0% compare
  3. 18 Uruguay 16.3% compare
  4. 20 Brazil 14.4% compare
  5. 21 Peru 14.0% compare
  6. 22 Georgia 13.7% compare

See the full ranking of 30 places →

More work & labour data for Panama

All data for Panama →

Frequently asked questions

What is adequacy of benefits in 3rd quintile (%) - domestic private transfers in Panama?
Adequacy of benefits in 3rd quintile (%) - domestic private transfers in Panama was 15.8% in 2023, according to ASPIRE.
What is the highest adequacy of benefits in 3rd quintile (%) - domestic private transfers recorded in Panama?
The highest recorded value was 18.5% in 2017.
What is the lowest adequacy of benefits in 3rd quintile (%) - domestic private transfers recorded in Panama?
The lowest recorded value was 10.8% in 2009.
How does Panama rank for adequacy of benefits in 3rd quintile (%) - domestic private transfers?
Panama ranks 19th out of 30 countries with data for 2023.
Is adequacy of benefits in 3rd quintile (%) - domestic private transfers rising or falling in Panama?
Over the last ten years it is up 20.3%. 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 3rd quintile (%) - Domestic Private Transfers -rural. Statizoid updates them automatically from the source API.

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Adequacy of benefits in 3rd quintile (%) - Domestic Private Transfers in Panama. Statizoid, drawing on ASPIRE. Retrieved 11 September 2026, from https://labour.statizoid.com/stat/adequacy-of-benefits-in-3rd-quintile-percent-domestic-private-transfers-rural/panama/

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About this data

Indicator
Adequacy of benefits in 3rd quintile (%) - Domestic Private Transfers -rural
Source
ASPIRE
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
30 places, 295 data points, 2003–2023
Last refreshed

Total transfer amount received by all beneficiaries in a population group as a share of the total welfare of beneficiaries in that group