Adequacy of benefits in 5th quintile (richest) (%) - Domestic Private in Panama
Panama: Adequacy of benefits in 5th quintile (richest) (%) - Domestic Private was 9.2% in 2023. ▲ Rising
Adequacy of benefits in 5th quintile (richest) (%) - Domestic Private in Panama, 2008–2023
Source: ASPIRE.
Analysis
Panama recorded 9.2% for adequacy of benefits in 5th quintile (richest) (%) - domestic private in 2023.
The figure is down 18.8% on the previous year and up 53.3% over ten years.
Over the whole period, adequacy of benefits in 5th quintile (richest) (%) - domestic private in Panama peaked at 17.0% in 2016 and was at its lowest, 6.0%, in 2013.
Panama ranks 27th of 31 countries on this measure, 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 | 10.3% | — |
| 2009 | 7.2% | -29.5% |
| 2010 | 7.8% | +8.4% |
| 2011 | 13.1% | +67.2% |
| 2012 | 7.2% | -44.8% |
| 2013 | 6.0% | -17.2% |
| 2014 | 6.7% | +12.3% |
| 2015 | 12.8% | +90.7% |
| 2016 | 17.0% | +32.6% |
| 2017 | 13.3% | -21.6% |
| 2018 | 13.2% | -1.1% |
| 2019 | 13.6% | +2.8% |
| 2021 | 11.3% | -16.6% |
| 2023 | 9.2% | -18.8% |
Panama compared with similar countries
- Panama's 9.2% is below the median for high income countries, which is 17.5%, 53% of the median. (6 countries reporting)
- Panama's 9.2% is below the median for Latin America & Caribbean, which is 13.0%, 71% of the median. (15 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.7% | 7.2% | 10.3% | 2 |
| 2010s | 11.1% | 6.0% | 17.0% | 10 |
| 2020s | 10.2% | 9.2% | 11.3% | 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 9.2% 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 17.0% in 2016.
- What is the lowest adequacy of benefits in 5th quintile (richest) (%) - domestic private recorded in Panama?
- The lowest recorded value was 6.0% in 2013.
- How does Panama rank for adequacy of benefits in 5th quintile (richest) (%) - domestic private?
- Panama ranks 27th out of 31 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 53.3%. 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 -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