Benefit incidence of social insurance programs to poorest quintile in Panama
Panama: Benefit incidence of social insurance programs to poorest quintile was 1.2% in 2023. ▲ Rising
Benefit incidence of social insurance programs to poorest quintile in Panama, 2008–2023
Source: ASPIRE: The Atlas of Social Protection - Indicators of Resilience and Equity, World Bank (WB). Measured in % of total social insurance benefits.
Analysis
In 2023, benefit incidence of social insurance programs to poorest quintile in Panama stood at 1.2%.
The figure is up 14.4% on the previous year and up 54.1% over ten years.
Over the whole period, benefit incidence of social insurance programs to poorest quintile in Panama peaked at 1.5% in 2017 and was at its lowest, 0.5%, in 2008.
Panama ranks 27th of 34 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 14 years of available data.
Benefit incidence of social insurance programs to poorest quintile in Panama, year by year
| Year | % of total social insurance benefits | Change |
|---|---|---|
| 2008 | 0.5% | — |
| 2009 | 0.8% | +56.9% |
| 2010 | 0.8% | +1.3% |
| 2011 | 1.0% | +34.5% |
| 2012 | 0.9% | -11.2% |
| 2013 | 0.8% | -13.8% |
| 2014 | 1.2% | +59.3% |
| 2015 | 1.0% | -22.9% |
| 2016 | 0.8% | -18.2% |
| 2017 | 1.5% | +86.5% |
| 2018 | 1.5% | -0.5% |
| 2019 | 1.1% | -21.8% |
| 2021 | 1.1% | -7.5% |
| 2023 | 1.2% | +14.4% |
Panama compared with similar countries
- Panama's 1.2% is below the median for high income countries, which is 4.8%, 25% of the median. (6 countries reporting)
- Panama's 1.2% is below the median for Latin America & Caribbean, which is 1.3%, 94% of the median. (15 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.6% | 0.5% | 0.8% | 2 |
| 2010s | 1.1% | 0.8% | 1.5% | 10 |
| 2020s | 1.1% | 1.1% | 1.2% | 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 benefit incidence of social insurance programs to poorest quintile in Panama?
- Benefit incidence of social insurance programs to poorest quintile in Panama was 1.2% in 2023, according to ASPIRE: The Atlas of Social Protection - Indicators of Resilience and Equity, World Bank (WB).
- What is the highest benefit incidence of social insurance programs to poorest quintile recorded in Panama?
- The highest recorded value was 1.5% in 2017.
- What is the lowest benefit incidence of social insurance programs to poorest quintile recorded in Panama?
- The lowest recorded value was 0.5% in 2008.
- How does Panama rank for benefit incidence of social insurance programs to poorest quintile?
- Panama ranks 27th out of 34 countries with data for 2023.
- Is benefit incidence of social insurance programs to poorest quintile rising or falling in Panama?
- Over the last ten years it is up 54.1%. 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 Benefit incidence of social insurance programs to poorest quintile (% of total social insurance benefits). 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
Benefit incidence of social insurance programs to poorest quintile shows the percentage of total social insurance benefits received by the poorest 20% of the population. 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.