Adequacy of benefits in 4th quintile (%) - All Social Insurance in Panama
Panama: Adequacy of benefits in 4th quintile (%) - All Social Insurance was 32.2% in 2023. ▼ Falling
Adequacy of benefits in 4th quintile (%) - All Social Insurance in Panama, 2008–2023
Source: ASPIRE. Measured in preT.
Analysis
In 2023, adequacy of benefits in 4th quintile (%) - all social insurance in Panama stood at 32.2%.
Compared with earlier readings it is down 7.8% on the previous year and down 14.4% over ten years.
Over the whole period, adequacy of benefits in 4th quintile (%) - all social insurance in Panama peaked at 40.9% in 2008 and was at its lowest, 28.0%, in 2019.
That places Panama 25th out of 34 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 4th quintile (%) - All Social Insurance in Panama, year by year
| Year | preT | Change |
|---|---|---|
| 2008 | 40.9% | — |
| 2009 | 36.1% | -11.8% |
| 2010 | 35.3% | -2.2% |
| 2011 | 35.9% | +1.9% |
| 2012 | 35.6% | -1.1% |
| 2013 | 37.6% | +5.7% |
| 2014 | 32.9% | -12.6% |
| 2015 | 31.3% | -4.8% |
| 2016 | 31.2% | -0.3% |
| 2017 | 30.9% | -1.1% |
| 2018 | 28.4% | -8.2% |
| 2019 | 28.0% | -1.3% |
| 2021 | 34.9% | +24.7% |
| 2023 | 32.2% | -7.8% |
Panama compared with similar countries
- Panama's 32.2% is below the median for high income countries, which is 46.0%, 70% of the median. (6 countries reporting)
- Panama's 32.2% is below the median for Latin America & Caribbean, which is 39.6%, 81% of the median. (15 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 38.5% | 36.1% | 40.9% | 2 |
| 2010s | 32.7% | 28.0% | 37.6% | 10 |
| 2020s | 33.5% | 32.2% | 34.9% | 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 4th quintile (%) - all social insurance in Panama?
- Adequacy of benefits in 4th quintile (%) - all social insurance in Panama was 32.2% in 2023, according to ASPIRE.
- What is the highest adequacy of benefits in 4th quintile (%) - all social insurance recorded in Panama?
- The highest recorded value was 40.9% in 2008.
- What is the lowest adequacy of benefits in 4th quintile (%) - all social insurance recorded in Panama?
- The lowest recorded value was 28.0% in 2019.
- How does Panama rank for adequacy of benefits in 4th quintile (%) - all social insurance?
- Panama ranks 25th out of 34 countries with data for 2023.
- Is adequacy of benefits in 4th quintile (%) - all social insurance rising or falling in Panama?
- Over the last ten years it is down 14.4%. 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 4th quintile (%) - All Social Insurance (preT). Statizoid updates them automatically from the source API.
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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