Adequacy of benefits in 5th quintile (richest) (%) - All Social in Panama
Panama: Adequacy of benefits in 5th quintile (richest) (%) - All Social was 5.5% in 2023. ▲ Rising
Adequacy of benefits in 5th quintile (richest) (%) - All Social in Panama, 2008–2023
Source: ASPIRE.
Analysis
The most recent figure for adequacy of benefits in 5th quintile (richest) (%) - all social in Panama is 5.5%, measured in 2023.
That represents a change of down 21.2% on the previous year and up 10.5% over ten years.
Over the whole period, adequacy of benefits in 5th quintile (richest) (%) - all social in Panama peaked at 7.4% in 2010 and was at its lowest, 0.9%, in 2008.
That places Panama 19th out of 34 countries with data for 2023, putting it 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 5th quintile (richest) (%) - All Social in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 2008 | 0.9% | — |
| 2009 | 4.1% | +363.8% |
| 2010 | 7.4% | +78.9% |
| 2011 | 6.4% | -13.0% |
| 2012 | 5.9% | -8.5% |
| 2013 | 5.0% | -14.9% |
| 2014 | 6.5% | +30.3% |
| 2015 | 5.8% | -11.1% |
| 2016 | 6.1% | +5.1% |
| 2017 | 5.1% | -15.5% |
| 2018 | 5.4% | +6.0% |
| 2019 | 5.0% | -8.5% |
| 2021 | 7.0% | +40.5% |
| 2023 | 5.5% | -21.2% |
Panama compared with similar countries
- Panama's 5.5% is above the median for Latin America & Caribbean, which is 4.2%, 1.3× the median. (14 countries reporting)
- Panama's 5.5% is below the median for high income countries, which is 8.9%, 62% of the median. (6 countries reporting)
Biggest year-on-year movements
Years where Adequacy of benefits in 5th quintile (richest) (%) - All Social in Panama changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2009 | +363.8% | 0.9% | 4.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.5% | 0.9% | 4.1% | 2 |
| 2010s | 5.8% | 5.0% | 7.4% | 10 |
| 2020s | 6.2% | 5.5% | 7.0% | 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 5th quintile (richest) (%) - all social in Panama?
- Adequacy of benefits in 5th quintile (richest) (%) - all social in Panama was 5.5% in 2023, according to ASPIRE.
- What is the highest adequacy of benefits in 5th quintile (richest) (%) - all social recorded in Panama?
- The highest recorded value was 7.4% in 2010.
- What is the lowest adequacy of benefits in 5th quintile (richest) (%) - all social recorded in Panama?
- The lowest recorded value was 0.9% in 2008.
- How does Panama rank for adequacy of benefits in 5th quintile (richest) (%) - all social?
- Panama ranks 19th out of 34 countries with data for 2023.
- Is adequacy of benefits in 5th quintile (richest) (%) - all social rising or falling in Panama?
- Over the last ten years it is up 10.5%. 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 5th quintile (richest) (%) - All Social Assistance -rural. 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