Adequacy of social safety net programs in Panama
Panama: Adequacy of social safety net programs was 8.1% in 2023. ▲ Rising
Adequacy of social safety net 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
The most recent figure for adequacy of social safety net programs in Panama is 8.1%, measured in 2023.
That represents a change of down 31.6% on the previous year and up 23.5% over ten years.
Over the whole period, adequacy of social safety net programs in Panama peaked at 11.9% in 2021 and was at its lowest, 2.7%, in 2008.
That places Panama 22nd out of 35 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 14 years of available data.
Adequacy of social safety net programs in Panama, year by year
| Year | % of total welfare of beneficiary households | Change |
|---|---|---|
| 2008 | 2.7% | — |
| 2009 | 6.0% | +121.4% |
| 2010 | 7.7% | +26.9% |
| 2011 | 7.6% | -1.2% |
| 2012 | 6.9% | -8.3% |
| 2013 | 6.6% | -5.2% |
| 2014 | 6.8% | +3.2% |
| 2015 | 8.1% | +19.3% |
| 2016 | 8.2% | +1.3% |
| 2017 | 7.9% | -3.4% |
| 2018 | 7.2% | -9.1% |
| 2019 | 6.7% | -6.4% |
| 2021 | 11.9% | +76.3% |
| 2023 | 8.1% | -31.6% |
Panama compared with similar countries
- Panama's 8.1% is above the median for Latin America & Caribbean, which is 6.9%, 1.2× the median. (15 countries reporting)
- Panama's 8.1% is below the median for high income countries, which is 14.8%, 55% of the median. (6 countries reporting)
Biggest year-on-year movements
Years where Adequacy of social safety net 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 |
|---|---|---|---|
| 2009 | +121.4% | 2.7% | 6.0% |
| 2021 | +76.3% | 6.7% | 11.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.4% | 2.7% | 6.0% | 2 |
| 2010s | 7.4% | 6.6% | 8.2% | 10 |
| 2020s | 10.0% | 8.1% | 11.9% | 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 safety net programs in Panama?
- Adequacy of social safety net programs in Panama was 8.1% 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 safety net programs recorded in Panama?
- The highest recorded value was 11.9% in 2021.
- What is the lowest adequacy of social safety net programs recorded in Panama?
- The lowest recorded value was 2.7% in 2008.
- How does Panama rank for adequacy of social safety net programs?
- Panama ranks 22nd out of 35 countries with data for 2023.
- Is adequacy of social safety net programs rising or falling in Panama?
- Over the last ten years it is up 23.5%. The long-run trend across the full record is rising.
- 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 safety net 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 safety net programs is measured by the total transfer amount received by the population participating in social safety net programs as a share of their total welfare. Welfare is defined as the total income or total expenditure of beneficiary households. Social safety net programs include cash transfers and last resort programs, noncontributory social pensions, other cash transfers programs (child, family and orphan allowances, birth and death grants, disability benefits, and other allowances), conditional cash transfers, in-kind food transfers (food stamps and vouchers, food rations, supplementary feeding, and emergency food distribution), school feeding, other social assistance programs (housing allowances, scholarships, fee waivers, health subsidies, and other social assistance) and public works programs (cash for work and food for work). Estimates include both direct and indirect beneficiaries.