Benefits incidence in 5th quintile (richest) (%) - All Social in Panama
Panama: Benefits incidence in 5th quintile (richest) (%) - All Social was 52.2% in 2023. ▼ Falling
Benefits incidence in 5th quintile (richest) (%) - All Social in Panama, 2008–2023
Source: ASPIRE. Measured in preT.
Analysis
Panama recorded 52.2% for benefits incidence in 5th quintile (richest) (%) - all social in 2023.
The figure is down 9.4% on the previous year and down 13.4% over ten years.
Over the whole period, benefits incidence in 5th quintile (richest) (%) - all social in Panama peaked at 61.5% in 2010 and was at its lowest, 48.9%, in 2018.
Panama ranks 11th of 34 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 14 years of available data.
Benefits incidence in 5th quintile (richest) (%) - All Social in Panama, year by year
| Year | preT | Change |
|---|---|---|
| 2008 | 56.6% | — |
| 2009 | 60.1% | +6.1% |
| 2010 | 61.5% | +2.3% |
| 2011 | 54.8% | -10.9% |
| 2012 | 55.9% | +2.0% |
| 2013 | 60.3% | +7.9% |
| 2014 | 55.9% | -7.3% |
| 2015 | 51.4% | -8.1% |
| 2016 | 57.5% | +11.8% |
| 2017 | 51.6% | -10.2% |
| 2018 | 48.9% | -5.2% |
| 2019 | 50.2% | +2.6% |
| 2021 | 57.6% | +14.8% |
| 2023 | 52.2% | -9.4% |
Panama compared with similar countries
- Panama's 52.2% is above the median for high income countries, which is 27.5%, 1.9× the median. (6 countries reporting)
- Panama's 52.2% is below the median for Latin America & Caribbean, which is 54.7%, 95% of the median. (15 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 58.4% | 56.6% | 60.1% | 2 |
| 2010s | 54.8% | 48.9% | 61.5% | 10 |
| 2020s | 54.9% | 52.2% | 57.6% | 2 |
Countries ranked near Panama
- 8 Peru 55.7% compare
- 9 Mexico 54.7% compare
- 10 Costa Rica 53.3% compare
- 12 Côte d'Ivoire 50.9% compare
- 13 Dominican Republic 48.0% compare
- 14 Brazil 47.3% 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 benefits incidence in 5th quintile (richest) (%) - all social in Panama?
- Benefits incidence in 5th quintile (richest) (%) - all social in Panama was 52.2% in 2023, according to ASPIRE.
- What is the highest benefits incidence in 5th quintile (richest) (%) - all social recorded in Panama?
- The highest recorded value was 61.5% in 2010.
- What is the lowest benefits incidence in 5th quintile (richest) (%) - all social recorded in Panama?
- The lowest recorded value was 48.9% in 2018.
- How does Panama rank for benefits incidence in 5th quintile (richest) (%) - all social?
- Panama ranks 11th out of 34 countries with data for 2023.
- Is benefits incidence in 5th quintile (richest) (%) - all social rising or falling in Panama?
- Over the last ten years it is down 13.4%. The long-run trend across the full record is falling.
- Where does this Panama data come from?
- The figures come from ASPIRE, published as part of Benefits incidence in 5th quintile (richest) (%) - All Social Insurance (preT). Statizoid updates them automatically from the source API.
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About this data
Percentage of benefits going to the richestquintile relative to the total benefits going to the population