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

Panama: Adequacy of benefits in 2nd quintile (%) - Contributory Pensions was 31.5% in 2023. ▼ Falling

Latest (2023)
31.5%
Change on year
down 9.2%
World rank
29th
of 34 countries
All-time high
41.1%
in 2011
All-time low
31.3%
in 2019
Years of data
14
2008–2023

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

0102030402008201520232008: 37.52009: 36.42010: 34.82011: 41.12012: 39.32013: 34.72014: 32.82015: 36.52016: 34.22017: 33.52018: 34.62019: 31.32021: 34.72023: 31.5

Source: ASPIRE.

Analysis

The most recent figure for adequacy of benefits in 2nd quintile (%) - contributory pensions in Panama is 31.5%, measured in 2023.

That represents a change of down 9.2% on the previous year and down 9.2% over ten years.

Over the whole period, adequacy of benefits in 2nd quintile (%) - contributory pensions in Panama peaked at 41.1% in 2011 and was at its lowest, 31.3%, in 2019.

Panama ranks 29th of 34 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 -urban in Panama, 2008 to 2023.
Year Value Change
2008 37.5%
2009 36.4% -3.1%
2010 34.8% -4.4%
2011 41.1% +18.1%
2012 39.3% -4.3%
2013 34.7% -11.8%
2014 32.8% -5.5%
2015 36.5% +11.2%
2016 34.2% -6.2%
2017 33.5% -2.1%
2018 34.6% +3.3%
2019 31.3% -9.6%
2021 34.7% +10.9%
2023 31.5% -9.2%

Averages by decade

DecadeAverage LowestHighest Years
2000s 37.0% 36.4% 37.5% 2
2010s 35.3% 31.3% 41.1% 10
2020s 33.1% 31.5% 34.7% 2

Countries ranked near Panama

  1. 26 Pakistan 34.6% compare
  2. 27 Bolivia, Plurinational State of 34.4% compare
  3. 28 Paraguay 32.4% compare
  4. 30 Dominican Republic 29.9% compare
  5. 31 Mexico 28.9% compare
  6. 32 Peru 27.7% compare

See the full ranking of 34 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 31.5% 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 41.1% in 2011.
What is the lowest adequacy of benefits in 2nd quintile (%) - contributory pensions recorded in Panama?
The lowest recorded value was 31.3% in 2019.
How does Panama rank for adequacy of benefits in 2nd quintile (%) - contributory pensions?
Panama ranks 29th out of 34 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 9.2%. 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 -urban. 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 30 August 2026, from https://reference.statizoid.com/stat/adequacy-of-benefits-in-2nd-quintile-percent-contributory-pensions-urban/panama/

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About this data

Indicator
Adequacy of benefits in 2nd quintile (%) - Contributory Pensions -urban
Source
ASPIRE
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
34 places, 347 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