Adequacy of benefits in 4th quintile (%) - All Social Insurance -urban in Panama
Panama: Adequacy of benefits in 4th quintile (%) - All Social Insurance -urban was 32.8% in 2023. ▼ Falling
Adequacy of benefits in 4th quintile (%) - All Social Insurance -urban in Panama, 2008–2023
Source: ASPIRE.
Analysis
The most recent figure for adequacy of benefits in 4th quintile (%) - all social insurance -urban in Panama is 32.8%, measured in 2023.
That represents a change of down 1.2% on the previous year and down 3.0% over ten years.
Over the whole period, adequacy of benefits in 4th quintile (%) - all social insurance -urban in Panama peaked at 39.5% in 2008 and was at its lowest, 26.3%, in 2017.
That places Panama 23rd 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 -urban in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 2008 | 39.5% | — |
| 2009 | 34.5% | -12.7% |
| 2010 | 35.2% | +2.1% |
| 2011 | 33.2% | -5.8% |
| 2012 | 34.5% | +3.9% |
| 2013 | 33.8% | -1.9% |
| 2014 | 31.2% | -7.6% |
| 2015 | 27.7% | -11.3% |
| 2016 | 28.8% | +3.8% |
| 2017 | 26.3% | -8.6% |
| 2018 | 27.4% | +4.3% |
| 2019 | 27.3% | -0.4% |
| 2021 | 33.2% | +21.6% |
| 2023 | 32.8% | -1.2% |
Panama compared with similar countries
- Panama's 32.8% is below the median for high income countries, which is 43.4%, 76% of the median. (6 countries reporting)
- Panama's 32.8% is below the median for Latin America & Caribbean, which is 33.8%, 97% of the median. (15 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 37.0% | 34.5% | 39.5% | 2 |
| 2010s | 30.6% | 26.3% | 35.2% | 10 |
| 2020s | 33.0% | 32.8% | 33.2% | 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 -urban in Panama?
- Adequacy of benefits in 4th quintile (%) - all social insurance -urban in Panama was 32.8% in 2023, according to ASPIRE.
- What is the highest adequacy of benefits in 4th quintile (%) - all social insurance -urban recorded in Panama?
- The highest recorded value was 39.5% in 2008.
- What is the lowest adequacy of benefits in 4th quintile (%) - all social insurance -urban recorded in Panama?
- The lowest recorded value was 26.3% in 2017.
- How does Panama rank for adequacy of benefits in 4th quintile (%) - all social insurance -urban?
- Panama ranks 23rd out of 34 countries with data for 2023.
- Is adequacy of benefits in 4th quintile (%) - all social insurance -urban rising or falling in Panama?
- Over the last ten years it is down 3.0%. 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 -urban. 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