Benefits incidence in 5th quintile (richest) (%) -All Social in Panama
Panama: Benefits incidence in 5th quintile (richest) (%) -All Social was 40.6% in 2023. ▼ Falling
Benefits incidence in 5th quintile (richest) (%) -All Social in Panama, 2008–2023
Source: ASPIRE. Measured in preT.
Analysis
In 2023, benefits incidence in 5th quintile (richest) (%) -all social in Panama stood at 40.6%.
Compared with earlier readings it is up 5.1% on the previous year and down 20.2% over ten years.
Over the whole period, benefits incidence in 5th quintile (richest) (%) -all social in Panama peaked at 55.7% in 2008 and was at its lowest, 37.4%, in 2018.
Panama ranks 10th of 37 countries on this measure, in the top quarter.
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 | 55.7% | — |
| 2009 | 52.5% | -5.8% |
| 2010 | 51.6% | -1.7% |
| 2011 | 45.9% | -11.0% |
| 2012 | 47.0% | +2.5% |
| 2013 | 50.8% | +8.1% |
| 2014 | 46.5% | -8.5% |
| 2015 | 38.0% | -18.3% |
| 2016 | 43.2% | +13.8% |
| 2017 | 39.2% | -9.3% |
| 2018 | 37.4% | -4.7% |
| 2019 | 38.8% | +3.7% |
| 2021 | 38.6% | -0.5% |
| 2023 | 40.6% | +5.1% |
Panama compared with similar countries
- Panama's 40.6% is above the median for high income countries, which is 23.9%, 1.7× the median. (6 countries reporting)
- Panama's 40.6% is above the median for Latin America & Caribbean, which is 39.7%, 1.0× the median. (15 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 54.1% | 52.5% | 55.7% | 2 |
| 2010s | 43.8% | 37.4% | 51.6% | 10 |
| 2020s | 39.6% | 38.6% | 40.6% | 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 40.6% 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 55.7% in 2008.
- What is the lowest benefits incidence in 5th quintile (richest) (%) -all social recorded in Panama?
- The lowest recorded value was 37.4% in 2018.
- How does Panama rank for benefits incidence in 5th quintile (richest) (%) -all social?
- Panama ranks 10th out of 37 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 20.2%. 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 Protection and Labor (preT). 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
Percentage of benefits going to the richestquintile relative to the total benefits going to the population