Adequacy of benefits in 4th quintile (%) -All Social Protection and in Panama

Panama: Adequacy of benefits in 4th quintile (%) -All Social Protection and was 17.3% in 2023. ▼ Falling

Latest (2023)
17.3%
Change on year
down 9.5%
World rank
28th
of 37 countries
All-time high
39.7%
in 2008
All-time low
14.0%
in 2016
Years of data
14
2008–2023

Adequacy of benefits in 4th quintile (%) -All Social Protection and in Panama, 2008–2023

0102030402008201520232008: 39.72009: 18.42010: 19.12011: 19.82012: 17.52013: 16.62014: 16.82015: 152016: 142017: 14.82018: 14.12019: 14.22021: 19.12023: 17.3

Source: ASPIRE.

Analysis

The most recent figure for adequacy of benefits in 4th quintile (%) -all social protection and in Panama is 17.3%, measured in 2023.

Compared with earlier readings it is down 9.5% on the previous year and up 4.5% over ten years.

Over the whole period, adequacy of benefits in 4th quintile (%) -all social protection and in Panama peaked at 39.7% in 2008 and was at its lowest, 14.0%, in 2016.

Panama ranks 28th of 37 countries on this measure, in the bottom quarter.

The long-run direction has been consistently falling across the 14 years of available data.

Adequacy of benefits in 4th quintile (%) -All Social Protection and in Panama, year by year

Annual values for Adequacy of benefits in 4th quintile (%) -All Social Protection and Labor in Panama, 2008 to 2023.
Year Value Change
2008 39.7%
2009 18.4% -53.8%
2010 19.1% +3.9%
2011 19.8% +3.7%
2012 17.5% -11.5%
2013 16.6% -5.4%
2014 16.8% +1.3%
2015 15.0% -10.5%
2016 14.0% -7.1%
2017 14.8% +6.3%
2018 14.1% -4.7%
2019 14.2% +0.3%
2021 19.1% +34.8%
2023 17.3% -9.5%

Averages by decade

DecadeAverage LowestHighest Years
2000s 29.1% 18.4% 39.7% 2
2010s 16.2% 14.0% 19.8% 10
2020s 18.2% 17.3% 19.1% 2

Countries ranked near Panama

  1. 25 Ecuador 21.1% compare
  2. 26 Côte d'Ivoire 19.7% compare
  3. 27 Sri Lanka 18.1% compare
  4. 29 Viet Nam 12.9% compare
  5. 30 Dominican Republic 9.6% compare
  6. 31 Paraguay 8.6% compare

See the full ranking of 37 places →

More work & labour data for Panama

All data for Panama →

Frequently asked questions

What is adequacy of benefits in 4th quintile (%) -all social protection and in Panama?
Adequacy of benefits in 4th quintile (%) -all social protection and in Panama was 17.3% in 2023, according to ASPIRE.
What is the highest adequacy of benefits in 4th quintile (%) -all social protection and recorded in Panama?
The highest recorded value was 39.7% in 2008.
What is the lowest adequacy of benefits in 4th quintile (%) -all social protection and recorded in Panama?
The lowest recorded value was 14.0% in 2016.
How does Panama rank for adequacy of benefits in 4th quintile (%) -all social protection and?
Panama ranks 28th out of 37 countries with data for 2023.
Is adequacy of benefits in 4th quintile (%) -all social protection and rising or falling in Panama?
Over the last ten years it is up 4.5%. 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 Protection and Labor. Statizoid updates them automatically from the source API.

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Adequacy of benefits in 4th quintile (%) -All Social Protection and in Panama. Statizoid, drawing on ASPIRE. Retrieved 13 September 2026, from https://labour.statizoid.com/stat/adequacy-of-benefits-in-4th-quintile-percent-all-social-protection-and-labor/panama/

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About this data

Indicator
Adequacy of benefits in 4th quintile (%) -All Social Protection and Labor
Source
ASPIRE
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
37 places, 372 data points, 2002–2023
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