Adequacy of benefits in 5th quintile (richest) (%) - All Social in Panama
Panama: Adequacy of benefits in 5th quintile (richest) (%) - All Social was 28.1% in 2023. ▼ Falling
Adequacy of benefits in 5th quintile (richest) (%) - All Social in Panama, 2008–2023
Source: ASPIRE. Measured in preT.
Analysis
In 2023, adequacy of benefits in 5th quintile (richest) (%) - all social in Panama stood at 28.1%.
The figure is down 3.2% on the previous year and down 12.4% over ten years.
Over the whole period, adequacy of benefits in 5th quintile (richest) (%) - all social in Panama peaked at 35.1% in 2010 and was at its lowest, 22.8%, in 2019.
That places Panama 22nd 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 5th quintile (richest) (%) - All Social in Panama, year by year
| Year | preT | Change |
|---|---|---|
| 2008 | 31.8% | — |
| 2009 | 34.4% | +8.0% |
| 2010 | 35.1% | +2.2% |
| 2011 | 32.9% | -6.4% |
| 2012 | 31.7% | -3.5% |
| 2013 | 32.1% | +1.4% |
| 2014 | 28.8% | -10.4% |
| 2015 | 23.1% | -19.6% |
| 2016 | 26.8% | +15.8% |
| 2017 | 25.0% | -6.6% |
| 2018 | 24.4% | -2.6% |
| 2019 | 22.8% | -6.3% |
| 2021 | 29.1% | +27.3% |
| 2023 | 28.1% | -3.2% |
Panama compared with similar countries
- Panama's 28.1% is below the median for high income countries, which is 40.4%, 70% of the median. (6 countries reporting)
- Panama's 28.1% is below the median for Latin America & Caribbean, which is 33.9%, 83% of the median. (15 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 33.1% | 31.8% | 34.4% | 2 |
| 2010s | 28.3% | 22.8% | 35.1% | 10 |
| 2020s | 28.6% | 28.1% | 29.1% | 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 28.1% 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 35.1% in 2010.
- What is the lowest adequacy of benefits in 5th quintile (richest) (%) - all social recorded in Panama?
- The lowest recorded value was 22.8% in 2019.
- How does Panama rank for adequacy of benefits in 5th quintile (richest) (%) - all social?
- Panama ranks 22nd 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 down 12.4%. 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 5th quintile (richest) (%) - 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