Adequacy of social insurance programs in Panama
Panama: Adequacy of social insurance programs was 31.0% in 2023. ▼ Falling
Adequacy of social insurance programs in Panama, 2008–2023
Source: ASPIRE: The Atlas of Social Protection - Indicators of Resilience and Equity, World Bank (WB). Measured in % of total welfare of beneficiary households.
Analysis
Panama recorded 31.0% for adequacy of social insurance programs in 2023.
The figure is down 2.1% on the previous year and down 8.8% over ten years.
Over the whole period, adequacy of social insurance programs in Panama peaked at 36.1% in 2010 and was at its lowest, 26.2%, in 2019.
Panama ranks 26th of 34 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 social insurance programs in Panama, year by year
| Year | % of total welfare of beneficiary households | Change |
|---|---|---|
| 2008 | 36.1% | — |
| 2009 | 35.8% | -0.9% |
| 2010 | 36.1% | +0.9% |
| 2011 | 35.3% | -2.2% |
| 2012 | 34.1% | -3.6% |
| 2013 | 34.0% | -0.1% |
| 2014 | 31.5% | -7.5% |
| 2015 | 27.6% | -12.4% |
| 2016 | 29.4% | +6.6% |
| 2017 | 28.7% | -2.3% |
| 2018 | 27.8% | -3.1% |
| 2019 | 26.2% | -5.6% |
| 2021 | 31.7% | +20.7% |
| 2023 | 31.0% | -2.1% |
Panama compared with similar countries
- Panama's 31.0% is below the median for high income countries, which is 46.2%, 67% of the median. (6 countries reporting)
- Panama's 31.0% is below the median for Latin America & Caribbean, which is 35.3%, 88% of the median. (15 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 36.0% | 35.8% | 36.1% | 2 |
| 2010s | 31.1% | 26.2% | 36.1% | 10 |
| 2020s | 31.4% | 31.0% | 31.7% | 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 social insurance programs in Panama?
- Adequacy of social insurance programs in Panama was 31.0% in 2023, according to ASPIRE: The Atlas of Social Protection - Indicators of Resilience and Equity, World Bank (WB).
- What is the highest adequacy of social insurance programs recorded in Panama?
- The highest recorded value was 36.1% in 2010.
- What is the lowest adequacy of social insurance programs recorded in Panama?
- The lowest recorded value was 26.2% in 2019.
- How does Panama rank for adequacy of social insurance programs?
- Panama ranks 26th out of 34 countries with data for 2023.
- Is adequacy of social insurance programs rising or falling in Panama?
- Over the last ten years it is down 8.8%. The long-run trend across the full record is falling.
- Where does this Panama data come from?
- The figures come from ASPIRE: The Atlas of Social Protection - Indicators of Resilience and Equity, World Bank (WB), published as part of Adequacy of social insurance programs (% of total welfare of beneficiary households). 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
Adequacy of social insurance programs is measured by the total transfer amount received by the population participating in social insurance programs as a share of their total welfare. Welfare is defined as the total income or total expenditure of beneficiary households. Social insurance programs include old age contributory pensions (including survivors and disability) and social security and health insurance benefits (including occupational injury benefits, paid sick leave, maternity and other social insurance). Estimates include both direct and indirect beneficiaries.