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

Panama: Adequacy of benefits in 2nd quintile (%) - Contributory Pensions was 38.7% in 2023. ▼ Falling

Latest (2023)
38.7%
Change on year
up 11.9%
World rank
23rd
of 34 countries
All-time high
41.4%
in 2008
All-time low
33.5%
in 2013
Years of data
14
2008–2023

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

0102030402008201520232008: 41.42009: 412010: 402011: 40.62012: 39.32013: 33.52014: 38.62015: 402016: 33.72017: 362018: 36.32019: 34.52021: 34.62023: 38.7

Source: ASPIRE.

Analysis

Panama recorded 38.7% for adequacy of benefits in 2nd quintile (%) - contributory pensions in 2023.

Compared with earlier readings it is up 11.9% on the previous year and up 15.7% over ten years.

Over the whole period, adequacy of benefits in 2nd quintile (%) - contributory pensions in Panama peaked at 41.4% in 2008 and was at its lowest, 33.5%, in 2013.

That places Panama 23rd out of 34 countries with data for 2023, putting it in the middle of the range.

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 in Panama, 2008 to 2023.
Year Value Change
2008 41.4%
2009 41.0% -0.9%
2010 40.0% -2.6%
2011 40.6% +1.6%
2012 39.3% -3.2%
2013 33.5% -14.8%
2014 38.6% +15.3%
2015 40.0% +3.7%
2016 33.7% -15.8%
2017 36.0% +6.9%
2018 36.3% +0.8%
2019 34.5% -5.0%
2021 34.6% +0.4%
2023 38.7% +11.9%

Averages by decade

DecadeAverage LowestHighest Years
2000s 41.2% 41.0% 41.4% 2
2010s 37.3% 33.5% 40.6% 10
2020s 36.7% 34.6% 38.7% 2

Countries ranked near Panama

  1. 20 Pakistan 42.2% compare
  2. 21 Costa Rica 40.5% compare
  3. 22 Bolivia, Plurinational State of 39.6% compare
  4. 24 Chile 38.5% compare
  5. 25 Argentina 37.8% compare
  6. 26 Kosovo 34.3% compare
  7. 26 Kosovo (UNSCR 1244) 34.3% 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 38.7% 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 41.4% in 2008.
What is the lowest adequacy of benefits in 2nd quintile (%) - contributory pensions recorded in Panama?
The lowest recorded value was 33.5% in 2013.
How does Panama rank for adequacy of benefits in 2nd quintile (%) - contributory pensions?
Panama ranks 23rd 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 up 15.7%. 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. 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 24 August 2026, from https://reference.statizoid.com/stat/adequacy-of-benefits-in-2nd-quintile-percent-contributory-pensions/panama/

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About this data

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