Benefits incidence in 5th quintile (richest) (%) - All Social in Panama
Panama: Benefits incidence in 5th quintile (richest) (%) - All Social was 67.2% in 2023. ▼ Falling
Benefits incidence in 5th quintile (richest) (%) - All Social in Panama, 2008–2023
Source: ASPIRE.
Analysis
Panama recorded 67.2% for benefits incidence in 5th quintile (richest) (%) - all social in 2023. That is the lowest value across all 14 years on record.
The figure is down 4.0% on the previous year and down 11.6% over ten years.
Over the whole period, benefits incidence in 5th quintile (richest) (%) - all social in Panama peaked at 77.2% in 2009 and was at its lowest, 67.2%, in 2023.
That places Panama 9th out of 31 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.
Benefits incidence in 5th quintile (richest) (%) - All Social in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 2008 | 77.2% | — |
| 2009 | 77.2% | +0.0% |
| 2010 | 76.6% | -0.7% |
| 2011 | 72.9% | -4.9% |
| 2012 | 72.5% | -0.5% |
| 2013 | 76.1% | +4.9% |
| 2014 | 72.1% | -5.3% |
| 2015 | 70.3% | -2.4% |
| 2016 | 68.7% | -2.4% |
| 2017 | 68.3% | -0.5% |
| 2018 | 68.0% | -0.4% |
| 2019 | 69.6% | +2.3% |
| 2021 | 70.0% | +0.7% |
| 2023 | 67.2% | -4.0% |
Panama compared with similar countries
- Panama's 67.2% is above the median for Latin America & Caribbean, which is 66.9%, 1.0× the median. (12 countries reporting)
- Panama's 67.2% is above the median for high income countries, which is 33.4%, 2.0× the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 77.2% | 77.2% | 77.2% | 2 |
| 2010s | 71.5% | 68.0% | 76.6% | 10 |
| 2020s | 68.6% | 67.2% | 70.0% | 2 |
Countries ranked near Panama
- 6 Dominican Republic 75.4% compare
- 7 Mexico 72.6% compare
- 8 Côte d'Ivoire 71.0% compare
- 10 Ecuador 66.5% compare
- 11 Costa Rica 58.3% compare
- 12 Pakistan 57.0% 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 67.2% 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 77.2% in 2009.
- What is the lowest benefits incidence in 5th quintile (richest) (%) - all social recorded in Panama?
- The lowest recorded value was 67.2% in 2023.
- How does Panama rank for benefits incidence in 5th quintile (richest) (%) - all social?
- Panama ranks 9th out of 31 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 11.6%. 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 -rural. 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