Benefits incidence in 5th quintile (richest) (%) -All Social in Panama
Panama: Benefits incidence in 5th quintile (richest) (%) -All Social was 47.5% 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 47.5%, measured in 2023.
That represents a change of up 9.6% on the previous year and down 21.5% over ten years.
Over the whole period, benefits incidence in 5th quintile (richest) (%) -all social in Panama peaked at 62.4% in 2008 and was at its lowest, 43.4%, in 2021.
Panama ranks 16th of 36 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 | Value | Change |
|---|---|---|
| 2008 | 62.4% | — |
| 2009 | 59.6% | -4.5% |
| 2010 | 60.4% | +1.3% |
| 2011 | 57.2% | -5.3% |
| 2012 | 56.9% | -0.5% |
| 2013 | 60.6% | +6.5% |
| 2014 | 54.1% | -10.7% |
| 2015 | 47.4% | -12.4% |
| 2016 | 50.9% | +7.3% |
| 2017 | 49.5% | -2.8% |
| 2018 | 45.9% | -7.2% |
| 2019 | 46.6% | +1.6% |
| 2021 | 43.4% | -6.9% |
| 2023 | 47.5% | +9.6% |
Panama compared with similar countries
- Panama's 47.5% is above the median for high income countries, which is 36.2%, 1.3× the median. (6 countries reporting)
- Panama's 47.5% is below the median for Latin America & Caribbean, which is 49.9%, 95% of the median. (15 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 61.0% | 59.6% | 62.4% | 2 |
| 2010s | 52.9% | 45.9% | 60.6% | 10 |
| 2020s | 45.5% | 43.4% | 47.5% | 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 47.5% 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 62.4% in 2008.
- What is the lowest benefits incidence in 5th quintile (richest) (%) -all social recorded in Panama?
- The lowest recorded value was 43.4% in 2021.
- How does Panama rank for benefits incidence in 5th quintile (richest) (%) -all social?
- Panama ranks 16th out of 36 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 21.5%. 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 -urban. 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