Poverty Gap reduction (%): Domestic Private Transfers … Domestic 1st in Panama
Panama: Poverty Gap reduction (%): Domestic Private Transfers … Domestic 1st was 10.9% in 2023. ▲ Rising
Poverty Gap reduction (%) - Domestic Private Transfers -1st quintile in Panama, 2008–2023
Source: ASPIRE. Measured in poorest.
Analysis
Panama recorded 10.9% for poverty gap reduction (%) - domestic private transfers -1st quintile in 2023.
The figure is up 6.2% on the previous year and up 97.9% over ten years.
Over the whole period, poverty gap reduction (%) - domestic private transfers -1st quintile in Panama peaked at 13.7% in 2016 and was at its lowest, 4.2%, in 2014.
That places Panama 26th out of 31 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 14 years of available data.
Poverty Gap reduction (%): Domestic Private Transfers … Domestic 1st in Panama, year by year
| Year | poorest | Change |
|---|---|---|
| 2008 | 12.8% | — |
| 2009 | 4.7% | -63.2% |
| 2010 | 5.5% | +16.7% |
| 2011 | 5.2% | -5.7% |
| 2012 | 4.9% | -5.6% |
| 2013 | 5.5% | +12.3% |
| 2014 | 4.2% | -24.0% |
| 2015 | 12.5% | +198.8% |
| 2016 | 13.7% | +9.7% |
| 2017 | 12.9% | -6.2% |
| 2018 | 11.7% | -8.9% |
| 2019 | 13.3% | +13.5% |
| 2021 | 10.2% | -22.9% |
| 2023 | 10.9% | +6.2% |
Panama compared with similar countries
- Panama's 10.9% is below the median for Latin America & Caribbean, which is 16.5%, 66% of the median. (15 countries reporting)
- Panama's 10.9% is below the median for high income countries, which is 17.0%, 64% of the median. (6 countries reporting)
Biggest year-on-year movements
Years where Poverty Gap reduction (%): Domestic Private Transfers … Domestic 1st 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.
| Year | Change | From | To |
|---|---|---|---|
| 2015 | +198.8% | 4.2% | 12.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.8% | 4.7% | 12.8% | 2 |
| 2010s | 8.9% | 4.2% | 13.7% | 10 |
| 2020s | 10.6% | 10.2% | 10.9% | 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 (%) - domestic private transfers -1st quintile in Panama?
- Poverty gap reduction (%) - domestic private transfers -1st quintile in Panama was 10.9% in 2023, according to ASPIRE.
- What is the highest poverty gap reduction (%) - domestic private transfers -1st quintile recorded in Panama?
- The highest recorded value was 13.7% in 2016.
- What is the lowest poverty gap reduction (%) - domestic private transfers -1st quintile recorded in Panama?
- The lowest recorded value was 4.2% in 2014.
- How does Panama rank for poverty gap reduction (%) - domestic private transfers -1st quintile?
- Panama ranks 26th out of 31 countries with data for 2023.
- Is poverty gap reduction (%) - domestic private transfers -1st quintile rising or falling in Panama?
- Over the last ten years it is up 97.9%. 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 (%) - Domestic Private Transfers -1st quintile (poorest). 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 Domestic Private Transfers programs as % of pre-transfer poverty gap