Benefit-cost ratio - All Social Insurance -1st quintile (poorest) in Panama
Panama: Benefit-cost ratio - All Social Insurance -1st quintile (poorest) was 0.0199 in 2023. ▲ Rising
Benefit-cost ratio - All Social Insurance -1st quintile (poorest) in Panama, 2008–2023
Source: ASPIRE.
Analysis
Panama recorded 0.0199 for benefit-cost ratio - all social insurance -1st quintile (poorest) in 2023.
That represents a change of down 26.7% on the previous year and up 47.0% over ten years.
Over the whole period, benefit-cost ratio - all social insurance -1st quintile (poorest) in Panama peaked at 0.0338 in 2017 and was at its lowest, 0.0126, in 2014.
That places Panama 29th out of 31 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.
Benefit-cost ratio - All Social Insurance -1st quintile (poorest) in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 2008 | 0.0317 | — |
| 2009 | 0.0256 | -19.2% |
| 2010 | 0.0167 | -34.9% |
| 2011 | 0.015 | -9.7% |
| 2012 | 0.0166 | +10.3% |
| 2013 | 0.0135 | -18.4% |
| 2014 | 0.0126 | -6.7% |
| 2015 | 0.026 | +105.7% |
| 2016 | 0.021 | -19.3% |
| 2017 | 0.0338 | +61.1% |
| 2018 | 0.0268 | -20.8% |
| 2019 | 0.0262 | -2.1% |
| 2021 | 0.0272 | +3.5% |
| 2023 | 0.0199 | -26.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.0286 | 0.0256 | 0.0317 | 2 |
| 2010s | 0.0208 | 0.0126 | 0.0338 | 10 |
| 2020s | 0.0235 | 0.0199 | 0.0272 | 2 |
Countries ranked near Panama
- 26 Dominican Republic 0.0485 compare
- 27 Peru 0.04 compare
- 28 Ecuador 0.034 compare
- 30 Bolivia, Plurinational State of 0.0153 compare
- 31 Colombia 0.0111 compare
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 benefit-cost ratio - all social insurance -1st quintile (poorest) in Panama?
- Benefit-cost ratio - all social insurance -1st quintile (poorest) in Panama was 0.0199 in 2023, according to ASPIRE.
- What is the highest benefit-cost ratio - all social insurance -1st quintile (poorest) recorded in Panama?
- The highest recorded value was 0.0338 in 2017.
- What is the lowest benefit-cost ratio - all social insurance -1st quintile (poorest) recorded in Panama?
- The lowest recorded value was 0.0126 in 2014.
- How does Panama rank for benefit-cost ratio - all social insurance -1st quintile (poorest)?
- Panama ranks 29th out of 31 countries with data for 2023.
- Is benefit-cost ratio - all social insurance -1st quintile (poorest) rising or falling in Panama?
- Over the last ten years it is up 47.0%. 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 Benefit-cost ratio - All Social Insurance -1st quintile (poorest) -rural. Statizoid updates them automatically from the source API.
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About this data
Poverty gap reduction obtained for each $1 spent in Social Insurance programs (%)