Adequacy of social protection and labor programs in Panama
Panama: Adequacy of social protection and labor programs was 20.4% in 2023. ▼ Falling
Adequacy of social protection and labor 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 20.4% for adequacy of social protection and labor programs in 2023.
Compared with earlier readings it is down 7.7% on the previous year and down 0.7% over ten years.
Over the whole period, adequacy of social protection and labor programs in Panama peaked at 33.2% in 2008 and was at its lowest, 16.7%, in 2019.
That places Panama 27th out of 37 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 social protection and labor programs in Panama, year by year
| Year | % of total welfare of beneficiary households | Change |
|---|---|---|
| 2008 | 33.2% | — |
| 2009 | 23.1% | -30.4% |
| 2010 | 23.9% | +3.7% |
| 2011 | 23.0% | -4.0% |
| 2012 | 21.2% | -7.8% |
| 2013 | 20.6% | -2.9% |
| 2014 | 19.7% | -4.1% |
| 2015 | 17.5% | -11.2% |
| 2016 | 18.9% | +8.2% |
| 2017 | 18.5% | -2.4% |
| 2018 | 17.5% | -5.6% |
| 2019 | 16.7% | -4.1% |
| 2021 | 22.1% | +32.2% |
| 2023 | 20.4% | -7.7% |
Panama compared with similar countries
- Panama's 20.4% is below the median for high income countries, which is 34.9%, 58% of the median. (6 countries reporting)
- Panama's 20.4% is below the median for Latin America & Caribbean, which is 25.3%, 81% of the median. (15 countries reporting)
Biggest year-on-year movements
Years where Adequacy of social protection and labor programs 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 |
|---|---|---|---|
| 2021 | +32.2% | 16.7% | 22.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 28.1% | 23.1% | 33.2% | 2 |
| 2010s | 19.7% | 16.7% | 23.9% | 10 |
| 2020s | 21.3% | 20.4% | 22.1% | 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 social protection and labor programs in Panama?
- Adequacy of social protection and labor programs in Panama was 20.4% 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 protection and labor programs recorded in Panama?
- The highest recorded value was 33.2% in 2008.
- What is the lowest adequacy of social protection and labor programs recorded in Panama?
- The lowest recorded value was 16.7% in 2019.
- How does Panama rank for adequacy of social protection and labor programs?
- Panama ranks 27th out of 37 countries with data for 2023.
- Is adequacy of social protection and labor programs rising or falling in Panama?
- Over the last ten years it is down 0.7%. 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 protection and labor programs (% of total welfare of beneficiary households). 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
Adequacy of social protection and labor programs (SPL) is measured by the total transfer amount received by the population participating in social insurance, social safety net, and unemployment benefits and active labor market programs as a share of their total welfare. Welfare is defined as the total income or total expenditure of beneficiary households. Estimates include both direct and indirect beneficiaries.