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

Panama: Gini inequality index reduction (%) - All Social Protection and Labor was 6.2% in 2023. ▲ Rising

Latest (2023)
6.2%
Change on year
down 30.8%
World rank
20th
of 37 countries
All-time high
8.9%
in 2021
All-time low
0.8%
in 2008
Years of data
14
2008–2023

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

024682008201520232008: 0.7992009: 2.42010: 3.12011: 3.72012: 3.42013: 2.52014: 3.32015: 5.72016: 5.12017: 5.62018: 5.62019: 5.32021: 8.92023: 6.2

Source: ASPIRE.

Analysis

In 2023, gini inequality index reduction (%) - all social protection and labor in Panama stood at 6.2%.

That represents a change of down 30.8% on the previous year and up 144.5% over ten years.

Over the whole period, gini inequality index reduction (%) - all social protection and labor in Panama peaked at 8.9% in 2021 and was at its lowest, 0.8%, in 2008.

That places Panama 20th out of 37 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 in Panama, 2008 to 2023.
Year Value Change
2008 0.8%
2009 2.4% +206.5%
2010 3.1% +25.5%
2011 3.7% +21.5%
2012 3.4% -10.1%
2013 2.5% -24.8%
2014 3.3% +29.2%
2015 5.7% +75.6%
2016 5.1% -10.7%
2017 5.6% +10.6%
2018 5.6% -1.3%
2019 5.3% -4.2%
2021 8.9% +66.7%
2023 6.2% -30.8%

Averages by decade

DecadeAverage LowestHighest Years
2000s 1.6% 0.8% 2.4% 2
2010s 4.3% 2.5% 5.7% 10
2020s 7.5% 6.2% 8.9% 2

Countries ranked near Panama

  1. 17 Brazil 10.0% compare
  2. 18 Argentina 9.2% compare
  3. 19 Vietnam 8.8% compare
  4. 21 Costa Rica 4.4% compare
  5. 22 Mexico 4.1% compare
  6. 23 Bolivia 3.8% compare

See the full ranking of 37 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 6.2% 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 8.9% in 2021.
What is the lowest gini inequality index reduction (%) - all social protection and labor recorded in Panama?
The lowest recorded value was 0.8% in 2008.
How does Panama rank for gini inequality index reduction (%) - all social protection and labor?
Panama ranks 20th out of 37 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 144.5%. 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 Gini inequality index reduction (%) - All Social Protection and Labor. 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 01 September 2026, from https://labour.statizoid.com/stat/gini-inequality-index-reduction-percent-all-social-protection-and-labor/panama/

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About this data

Indicator
Gini inequality index reduction (%) - All Social Protection and Labor
Source
ASPIRE
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
37 places, 372 data points, 2002–2023
Last refreshed

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