Benefits incidence in 5th quintile (richest) (%) - All Social in Panama
Panama: Benefits incidence in 5th quintile (richest) (%) - All Social was 57.4% in 2023. ▼ Falling
Benefits incidence in 5th quintile (richest) (%) - All Social in Panama, 2008–2023
Source: ASPIRE.
Analysis
The most recent figure for benefits incidence in 5th quintile (richest) (%) - all social in Panama is 57.4%, measured in 2023.
The figure is down 7.3% on the previous year and down 13.6% over ten years.
Over the whole period, benefits incidence in 5th quintile (richest) (%) - all social in Panama peaked at 66.4% in 2013 and was at its lowest, 54.8%, in 2018.
That places Panama 14th out of 34 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 | 62.5% | — |
| 2009 | 63.7% | +1.9% |
| 2010 | 65.2% | +2.3% |
| 2011 | 62.0% | -4.9% |
| 2012 | 62.0% | +0.0% |
| 2013 | 66.4% | +7.1% |
| 2014 | 59.5% | -10.4% |
| 2015 | 56.9% | -4.4% |
| 2016 | 60.4% | +6.1% |
| 2017 | 59.0% | -2.3% |
| 2018 | 54.8% | -7.1% |
| 2019 | 55.7% | +1.6% |
| 2021 | 61.9% | +11.3% |
| 2023 | 57.4% | -7.3% |
Panama compared with similar countries
- Panama's 57.4% is above the median for high income countries, which is 40.8%, 1.4× the median. (6 countries reporting)
- Panama's 57.4% is below the median for Latin America & Caribbean, which is 64.0%, 90% of the median. (15 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 63.1% | 62.5% | 63.7% | 2 |
| 2010s | 60.2% | 54.8% | 66.4% | 10 |
| 2020s | 59.7% | 57.4% | 61.9% | 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 benefits incidence in 5th quintile (richest) (%) - all social in Panama?
- Benefits incidence in 5th quintile (richest) (%) - all social in Panama was 57.4% 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 66.4% in 2013.
- What is the lowest benefits incidence in 5th quintile (richest) (%) - all social recorded in Panama?
- The lowest recorded value was 54.8% in 2018.
- How does Panama rank for benefits incidence in 5th quintile (richest) (%) - all social?
- Panama ranks 14th 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 13.6%. 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 -urban. 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
Percentage of benefits going to the richestquintile relative to the total benefits going to the population