Adequacy of benefits in 5th quintile (richest) (%) - Domestic Private in Panama
Panama: Adequacy of benefits in 5th quintile (richest) (%) - Domestic Private was 8.5% in 2023. ▲ Rising
Adequacy of benefits in 5th quintile (richest) (%) - Domestic Private in Panama, 2008–2023
Source: ASPIRE.
Analysis
In 2023, adequacy of benefits in 5th quintile (richest) (%) - domestic private in Panama stood at 8.5%.
The figure is down 7.2% on the previous year and up 42.3% over ten years.
Over the whole period, adequacy of benefits in 5th quintile (richest) (%) - domestic private in Panama peaked at 20.0% in 2015 and was at its lowest, 5.7%, in 2012.
That places Panama 26th out of 30 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 14 years of available data.
Adequacy of benefits in 5th quintile (richest) (%) - Domestic Private in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 2008 | 5.9% | — |
| 2009 | 8.1% | +38.1% |
| 2010 | 7.1% | -12.5% |
| 2011 | 7.6% | +7.2% |
| 2012 | 5.7% | -24.7% |
| 2013 | 5.9% | +4.0% |
| 2014 | 7.0% | +18.0% |
| 2015 | 20.0% | +184.7% |
| 2016 | 10.9% | -45.5% |
| 2017 | 13.5% | +24.2% |
| 2018 | 11.8% | -12.6% |
| 2019 | 11.7% | -1.2% |
| 2021 | 9.1% | -21.9% |
| 2023 | 8.5% | -7.2% |
Panama compared with similar countries
- Panama's 8.5% is below the median for high income countries, which is 16.3%, 52% of the median. (6 countries reporting)
- Panama's 8.5% is below the median for Latin America & Caribbean, which is 12.3%, 69% of the median. (14 countries reporting)
Biggest year-on-year movements
Years where Adequacy of benefits in 5th quintile (richest) (%) - Domestic Private 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 |
|---|---|---|---|
| 2015 | +184.7% | 7.0% | 20.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.0% | 5.9% | 8.1% | 2 |
| 2010s | 10.1% | 5.7% | 20.0% | 10 |
| 2020s | 8.8% | 8.5% | 9.1% | 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) (%) - domestic private in Panama?
- Adequacy of benefits in 5th quintile (richest) (%) - domestic private in Panama was 8.5% in 2023, according to ASPIRE.
- What is the highest adequacy of benefits in 5th quintile (richest) (%) - domestic private recorded in Panama?
- The highest recorded value was 20.0% in 2015.
- What is the lowest adequacy of benefits in 5th quintile (richest) (%) - domestic private recorded in Panama?
- The lowest recorded value was 5.7% in 2012.
- How does Panama rank for adequacy of benefits in 5th quintile (richest) (%) - domestic private?
- Panama ranks 26th out of 30 countries with data for 2023.
- Is adequacy of benefits in 5th quintile (richest) (%) - domestic private rising or falling in Panama?
- Over the last ten years it is up 42.3%. 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) (%) - Domestic Private Transfers -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