Adequacy of benefits in 2nd quintile (%) - Contributory Pensions in Panama

Panama: Adequacy of benefits in 2nd quintile (%) - Contributory Pensions was 27.4% in 2023. ▼ Falling

Latest (2023)
27.4%
Change on year
down 27.2%
World rank
29th
of 31 countries
All-time high
46.7%
in 2010
All-time low
27.4%
in 2023
Years of data
14
2008–2023

Adequacy of benefits in 2nd quintile (%) - Contributory Pensions in Panama, 2008–2023

010203040502008201520232008: 41.72009: 41.72010: 46.72011: 31.62012: 35.82013: 35.32014: 39.12015: 43.62016: 36.72017: 38.62018: 332019: 35.22021: 37.62023: 27.4

Source: ASPIRE.

Analysis

The most recent figure for adequacy of benefits in 2nd quintile (%) - contributory pensions in Panama is 27.4%, measured in 2023. That is the lowest value across all 14 years on record.

The figure is down 27.2% on the previous year and down 22.5% over ten years.

Over the whole period, adequacy of benefits in 2nd quintile (%) - contributory pensions in Panama peaked at 46.7% in 2010 and was at its lowest, 27.4%, in 2023.

Panama ranks 29th of 31 countries on this measure, in the bottom quarter.

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

Adequacy of benefits in 2nd quintile (%) - Contributory Pensions in Panama, year by year

Annual values for Adequacy of benefits in 2nd quintile (%) - Contributory Pensions -rural in Panama, 2008 to 2023.
Year Value Change
2008 41.7%
2009 41.7% -0.0%
2010 46.7% +12.0%
2011 31.6% -32.4%
2012 35.8% +13.4%
2013 35.3% -1.3%
2014 39.1% +10.7%
2015 43.6% +11.3%
2016 36.7% -15.9%
2017 38.6% +5.2%
2018 33.0% -14.4%
2019 35.2% +6.5%
2021 37.6% +6.9%
2023 27.4% -27.2%

Averages by decade

DecadeAverage LowestHighest Years
2000s 41.7% 41.7% 41.7% 2
2010s 37.6% 31.6% 46.7% 10
2020s 32.5% 27.4% 37.6% 2

Countries ranked near Panama

  1. 27 Mexico 29.0% compare
  2. 28 South Africa 28.3% compare
  3. 30 Cote d'Ivoire 20.6% compare
  4. 31 El Salvador 19.2% compare

See the full ranking of 31 places →

More reference data data for Panama

All data for Panama →

Frequently asked questions

What is adequacy of benefits in 2nd quintile (%) - contributory pensions in Panama?
Adequacy of benefits in 2nd quintile (%) - contributory pensions in Panama was 27.4% in 2023, according to ASPIRE.
What is the highest adequacy of benefits in 2nd quintile (%) - contributory pensions recorded in Panama?
The highest recorded value was 46.7% in 2010.
What is the lowest adequacy of benefits in 2nd quintile (%) - contributory pensions recorded in Panama?
The lowest recorded value was 27.4% in 2023.
How does Panama rank for adequacy of benefits in 2nd quintile (%) - contributory pensions?
Panama ranks 29th out of 31 countries with data for 2023.
Is adequacy of benefits in 2nd quintile (%) - contributory pensions rising or falling in Panama?
Over the last ten years it is down 22.5%. The long-run trend across the full record is falling.
Where does this Panama data come from?
The figures come from ASPIRE, published as part of Adequacy of benefits in 2nd quintile (%) - Contributory Pensions -rural. Statizoid updates them automatically from the source API.

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Adequacy of benefits in 2nd quintile (%) - Contributory Pensions in Panama. Statizoid, drawing on ASPIRE. Retrieved 29 August 2026, from https://reference.statizoid.com/stat/adequacy-of-benefits-in-2nd-quintile-percent-contributory-pensions-rural/panama/

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About this data

Indicator
Adequacy of benefits in 2nd quintile (%) - Contributory Pensions -rural
Source
ASPIRE
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
31 places, 291 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