Adequacy of benefits in 2nd quintile (%) - All Private Transfers in Panama

Panama: Adequacy of benefits in 2nd quintile (%) - All Private Transfers was 17.1% in 2023. ▲ Rising

Latest (2023)
17.1%
Change on year
down 2.7%
World rank
25th
of 35 countries
All-time high
23.1%
in 2016
All-time low
15.0%
in 2009
Years of data
14
2008–2023

Adequacy of benefits in 2nd quintile (%) - All Private Transfers in Panama, 2008–2023

05101520252008201520232008: 15.92009: 152010: 16.62011: 17.22012: 20.72013: 21.12014: 19.42015: 21.72016: 23.12017: 19.52018: 18.82019: 19.42021: 17.62023: 17.1

Source: ASPIRE.

Analysis

Panama recorded 17.1% for adequacy of benefits in 2nd quintile (%) - all private transfers in 2023.

The figure is down 2.7% on the previous year and down 19.2% over ten years.

Over the whole period, adequacy of benefits in 2nd quintile (%) - all private transfers in Panama peaked at 23.1% in 2016 and was at its lowest, 15.0%, in 2009.

That places Panama 25th out of 35 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.

Adequacy of benefits in 2nd quintile (%) - All Private Transfers in Panama, year by year

Annual values for Adequacy of benefits in 2nd quintile (%) - All Private Transfers -rural in Panama, 2008 to 2023.
Year Value Change
2008 15.9%
2009 15.0% -5.1%
2010 16.6% +10.5%
2011 17.2% +3.7%
2012 20.7% +19.9%
2013 21.1% +2.2%
2014 19.4% -8.2%
2015 21.7% +12.0%
2016 23.1% +6.5%
2017 19.5% -15.7%
2018 18.8% -3.6%
2019 19.4% +3.2%
2021 17.6% -9.5%
2023 17.1% -2.7%

Averages by decade

DecadeAverage LowestHighest Years
2000s 15.4% 15.0% 15.9% 2
2010s 19.8% 16.6% 23.1% 10
2020s 17.3% 17.1% 17.6% 2

Countries ranked near Panama

  1. 22 Mongolia 22.0% compare
  2. 23 Uruguay 21.2% compare
  3. 24 Brazil 19.2% compare
  4. 26 Türkiye 17.0% compare
  5. 27 Peru 16.2% compare
  6. 28 Georgia 16.0% compare

See the full ranking of 35 places →

More reference data data for Panama

All data for Panama →

Frequently asked questions

What is adequacy of benefits in 2nd quintile (%) - all private transfers in Panama?
Adequacy of benefits in 2nd quintile (%) - all private transfers in Panama was 17.1% in 2023, according to ASPIRE.
What is the highest adequacy of benefits in 2nd quintile (%) - all private transfers recorded in Panama?
The highest recorded value was 23.1% in 2016.
What is the lowest adequacy of benefits in 2nd quintile (%) - all private transfers recorded in Panama?
The lowest recorded value was 15.0% in 2009.
How does Panama rank for adequacy of benefits in 2nd quintile (%) - all private transfers?
Panama ranks 25th out of 35 countries with data for 2023.
Is adequacy of benefits in 2nd quintile (%) - all private transfers rising or falling in Panama?
Over the last ten years it is down 19.2%. 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 Adequacy of benefits in 2nd quintile (%) - All Private Transfers -rural. Statizoid updates them automatically from the source API.

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Adequacy of benefits in 2nd quintile (%) - All Private Transfers in Panama. Statizoid, drawing on ASPIRE. Retrieved 03 September 2026, from https://reference.statizoid.com/stat/adequacy-of-benefits-in-2nd-quintile-percent-all-private-transfers-rural/panama/

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About this data

Indicator
Adequacy of benefits in 2nd quintile (%) - All Private Transfers -rural
Source
ASPIRE
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
35 places, 334 data points, 2002–2023
Last refreshed

Total transfer amount received by all beneficiaries in a population group as a share of the total welfare of beneficiaries in that group