Poverty Gap reduction (%) - All Social Insurance -1st quintile in Panama
Panama: Poverty Gap reduction (%) - All Social Insurance -1st quintile was 6.6% in 2023. ▲ Rising
Poverty Gap reduction (%) - All Social Insurance -1st quintile in Panama, 2008–2023
Source: ASPIRE.
Analysis
In 2023, poverty gap reduction (%) - all social insurance -1st quintile in Panama stood at 6.6%.
The figure is down 27.9% on the previous year and up 65.3% over ten years.
Over the whole period, poverty gap reduction (%) - all social insurance -1st quintile in Panama peaked at 9.3% in 2017 and was at its lowest, 3.5%, in 2014.
Panama ranks 23rd 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.
Poverty Gap reduction (%) - All Social Insurance -1st quintile in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 2008 | 7.4% | — |
| 2009 | 7.9% | +6.6% |
| 2010 | 5.0% | -36.2% |
| 2011 | 4.4% | -12.7% |
| 2012 | 4.4% | -0.8% |
| 2013 | 4.0% | -8.0% |
| 2014 | 3.5% | -12.9% |
| 2015 | 6.8% | +93.1% |
| 2016 | 6.2% | -8.5% |
| 2017 | 9.3% | +50.8% |
| 2018 | 7.3% | -22.2% |
| 2019 | 7.3% | +0.3% |
| 2021 | 9.2% | +26.6% |
| 2023 | 6.6% | -27.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.7% | 7.4% | 7.9% | 2 |
| 2010s | 5.8% | 3.5% | 9.3% | 10 |
| 2020s | 7.9% | 6.6% | 9.2% | 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 poverty gap reduction (%) - all social insurance -1st quintile in Panama?
- Poverty gap reduction (%) - all social insurance -1st quintile in Panama was 6.6% in 2023, according to ASPIRE.
- What is the highest poverty gap reduction (%) - all social insurance -1st quintile recorded in Panama?
- The highest recorded value was 9.3% in 2017.
- What is the lowest poverty gap reduction (%) - all social insurance -1st quintile recorded in Panama?
- The lowest recorded value was 3.5% in 2014.
- How does Panama rank for poverty gap reduction (%) - all social insurance -1st quintile?
- Panama ranks 23rd out of 31 countries with data for 2023.
- Is poverty gap reduction (%) - all social insurance -1st quintile rising or falling in Panama?
- Over the last ten years it is up 65.3%. 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 Poverty Gap reduction (%) - All Social Insurance -1st quintile (poorest) -rural. 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
Poverty gap reduction due to Social Insurance programs as % of pre-transfer poverty gap