Gini inequality index reduction (%) - All Social Protection and Labor in Panama

Panama: Gini inequality index reduction (%) - All Social Protection and Labor was 6.1% in 2023. ▲ Rising

Latest (2023)
6.1%
Change on year
down 34.1%
World rank
20th
of 36 countries
All-time high
9.3%
in 2021
All-time low
1.5%
in 2008
Years of data
14
2008–2023

Gini inequality index reduction (%) - All Social Protection and Labor in Panama, 2008–2023

2468102008201520232008: 1.52009: 2.52010: 2.62011: 3.42012: 3.12013: 2.12014: 3.12015: 4.92016: 42017: 4.72018: 52019: 4.82021: 9.32023: 6.1

Source: ASPIRE.

Analysis

Panama recorded 6.1% for gini inequality index reduction (%) - all social protection and labor in 2023.

The figure is down 34.1% on the previous year and up 187.0% over ten years.

Over the whole period, gini inequality index reduction (%) - all social protection and labor in Panama peaked at 9.3% in 2021 and was at its lowest, 1.5%, in 2008.

That places Panama 20th out of 36 countries with data for 2023, putting it in the middle of the range.

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

Gini inequality index reduction (%) - All Social Protection and Labor in Panama, year by year

Annual values for Gini inequality index reduction (%) - All Social Protection and Labor -urban in Panama, 2008 to 2023.
Year Value Change
2008 1.5%
2009 2.5% +66.1%
2010 2.6% +3.3%
2011 3.4% +29.8%
2012 3.1% -7.3%
2013 2.1% -31.7%
2014 3.1% +45.2%
2015 4.9% +57.2%
2016 4.0% -18.2%
2017 4.7% +18.7%
2018 5.0% +5.2%
2019 4.8% -2.9%
2021 9.3% +92.2%
2023 6.1% -34.1%

Averages by decade

DecadeAverage LowestHighest Years
2000s 2.0% 1.5% 2.5% 2
2010s 3.8% 2.1% 5.0% 10
2020s 7.7% 6.1% 9.3% 2

Countries ranked near Panama

  1. 17 Argentina 9.2% compare
  2. 18 Brazil 8.8% compare
  3. 19 Viet Nam 8.4% compare
  4. 21 Thailand 5.8% compare
  5. 22 Costa Rica 3.9% compare
  6. 23 Mexico 3.9% compare

See the full ranking of 36 places →

More work & labour data for Panama

All data for Panama →

Frequently asked questions

What is gini inequality index reduction (%) - all social protection and labor in Panama?
Gini inequality index reduction (%) - all social protection and labor in Panama was 6.1% in 2023, according to ASPIRE.
What is the highest gini inequality index reduction (%) - all social protection and labor recorded in Panama?
The highest recorded value was 9.3% in 2021.
What is the lowest gini inequality index reduction (%) - all social protection and labor recorded in Panama?
The lowest recorded value was 1.5% in 2008.
How does Panama rank for gini inequality index reduction (%) - all social protection and labor?
Panama ranks 20th out of 36 countries with data for 2023.
Is gini inequality index reduction (%) - all social protection and labor rising or falling in Panama?
Over the last ten years it is up 187.0%. 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 Gini inequality index reduction (%) - All Social Protection and Labor -urban. Statizoid updates them automatically from the source API.

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Gini inequality index reduction (%) - All Social Protection and Labor in Panama. Statizoid, drawing on ASPIRE. Retrieved 07 September 2026, from https://labour.statizoid.com/stat/gini-inequality-index-reduction-percent-all-social-protection-and-labor-urban/panama/

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About this data

Indicator
Gini inequality index reduction (%) - All Social Protection and Labor -urban
Source
ASPIRE
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
36 places, 367 data points, 2002–2023
Last refreshed

Gini inequality index reduction due to SPL programs as % of pre-transfer Gini index