Coverage (%) - Domestic Private Transfers in Panama

Panama: Coverage (%) - Domestic Private Transfers was 24.4% in 2023. ▲ Rising

Latest (2023)
24.4%
Change on year
up 5.3%
World rank
10th
of 31 countries
All-time high
30.8%
in 2016
All-time low
9.6%
in 2014
Years of data
14
2008–2023

Coverage (%) - Domestic Private Transfers in Panama, 2008–2023

10152025302008201520232008: 28.22009: 10.72010: 11.62011: 11.22012: 11.32013: 10.92014: 9.62015: 27.22016: 30.82017: 25.62018: 28.72019: 29.52021: 23.22023: 24.4

Source: ASPIRE.

Analysis

The most recent figure for coverage (%) - domestic private transfers in Panama is 24.4%, measured in 2023.

Compared with earlier readings it is up 5.3% on the previous year and up 124.5% over ten years.

Over the whole period, coverage (%) - domestic private transfers in Panama peaked at 30.8% in 2016 and was at its lowest, 9.6%, in 2014.

Panama ranks 10th of 31 countries on this measure, in the middle of the range.

The long-run direction has been consistently rising across the 14 years of available data.

Coverage (%) - Domestic Private Transfers in Panama, year by year

Annual values for Coverage (%) - Domestic Private Transfers in Panama, 2008 to 2023.
Year Value Change
2008 28.2% —
2009 10.7% -62.2%
2010 11.6% +8.7%
2011 11.2% -3.0%
2012 11.3% +1.0%
2013 10.9% -4.3%
2014 9.6% -12.0%
2015 27.2% +185.3%
2016 30.8% +13.2%
2017 25.6% -17.0%
2018 28.7% +12.0%
2019 29.5% +3.0%
2021 23.2% -21.6%
2023 24.4% +5.3%

Panama compared with similar countries

  • Panama's 24.4% is above the median for Latin America & Caribbean, which is 18.0%, 1.4× the median. (15 countries reporting)
  • Panama's 24.4% is above the median for high income countries, which is 17.0%, 1.4× the median. (6 countries reporting)

Biggest year-on-year movements

Years where Coverage (%) - Domestic Private Transfers in Panama changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
2015 +185.3% 9.6% 27.2%

Averages by decade

DecadeAverage LowestHighest Years
2000s 19.4% 10.7% 28.2% 2
2010s 19.6% 9.6% 30.8% 10
2020s 23.8% 23.2% 24.4% 2

Countries ranked near Panama

  1. 7 Thailand 30.5% compare
  2. 8 Poland 29.2% compare
  3. 9 Honduras 27.5% compare
  4. 11 Peru 22.0% compare
  5. 12 Bolivia 21.1% compare
  6. 13 Burkina Faso 19.0% compare

See the full ranking of 31 places →

More work & labour data for Panama

All data for Panama →

Frequently asked questions

What is coverage (%) - domestic private transfers in Panama?
Coverage (%) - domestic private transfers in Panama was 24.4% in 2023, according to ASPIRE.
What is the highest coverage (%) - domestic private transfers recorded in Panama?
The highest recorded value was 30.8% in 2016.
What is the lowest coverage (%) - domestic private transfers recorded in Panama?
The lowest recorded value was 9.6% in 2014.
How does Panama rank for coverage (%) - domestic private transfers?
Panama ranks 10th out of 31 countries with data for 2023.
Is coverage (%) - domestic private transfers rising or falling in Panama?
Over the last ten years it is up 124.5%. The long-run trend across the full record is rising.
Where does this Panama data come from?
The figures come from ASPIRE, published as part of Coverage (%) - Domestic Private Transfers. Statizoid updates them automatically from the source API.

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Coverage (%) - Domestic Private Transfers in Panama. Statizoid, drawing on ASPIRE. Retrieved 27 September 2026, from https://labour.statizoid.com/stat/coverage-percent-domestic-private-transfers/panama/

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About this data

Indicator
Coverage (%) - Domestic Private Transfers
Source
ASPIRE
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
31 places, 321 data points, 2003–2023
Last refreshed

Percentage of population participating in Domestic Private Transfers programs (includes direct and indirect beneficiaries)