Adequacy of benefits in 3rd quintile (%) - Contributory Pensions in Panama

Panama: Adequacy of benefits in 3rd quintile (%) - Contributory Pensions was 35.6% in 2023. ▼ Falling

Latest (2023)
35.6%
Change on year
up 2.0%
World rank
23rd
of 31 countries
All-time high
47.0%
in 2008
All-time low
28.7%
in 2012
Years of data
14
2008–2023

Adequacy of benefits in 3rd quintile (%) - Contributory Pensions in Panama, 2008–2023

010203040502008201520232008: 472009: 392010: 32.12011: 32.52012: 28.72013: 32.32014: 33.32015: 40.62016: 30.92017: 38.22018: 40.82019: 32.62021: 34.92023: 35.6

Source: ASPIRE.

Analysis

In 2023, adequacy of benefits in 3rd quintile (%) - contributory pensions in Panama stood at 35.6%.

That represents a change of up 2.0% on the previous year and up 10.5% over ten years.

Over the whole period, adequacy of benefits in 3rd quintile (%) - contributory pensions in Panama peaked at 47.0% in 2008 and was at its lowest, 28.7%, in 2012.

That places Panama 23rd out of 31 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 3rd quintile (%) - Contributory Pensions in Panama, year by year

Annual values for Adequacy of benefits in 3rd quintile (%) - Contributory Pensions -rural in Panama, 2008 to 2023.
Year Value Change
2008 47.0%
2009 39.0% -17.0%
2010 32.1% -17.6%
2011 32.5% +1.0%
2012 28.7% -11.6%
2013 32.3% +12.4%
2014 33.3% +3.4%
2015 40.6% +21.8%
2016 30.9% -23.8%
2017 38.2% +23.5%
2018 40.8% +6.7%
2019 32.6% -20.0%
2021 34.9% +7.1%
2023 35.6% +2.0%

Averages by decade

DecadeAverage LowestHighest Years
2000s 43.0% 39.0% 47.0% 2
2010s 34.2% 28.7% 40.8% 10
2020s 35.3% 34.9% 35.6% 2

Countries ranked near Panama

  1. 20 Viet Nam 44.8% compare
  2. 21 Kyrgyzstan 41.9% compare
  3. 22 Dominican Republic 41.1% compare
  4. 24 Peru 34.3% compare
  5. 25 Armenia 33.6% compare
  6. 26 Côte d'Ivoire 33.6% 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 3rd quintile (%) - contributory pensions in Panama?
Adequacy of benefits in 3rd quintile (%) - contributory pensions in Panama was 35.6% in 2023, according to ASPIRE.
What is the highest adequacy of benefits in 3rd quintile (%) - contributory pensions recorded in Panama?
The highest recorded value was 47.0% in 2008.
What is the lowest adequacy of benefits in 3rd quintile (%) - contributory pensions recorded in Panama?
The lowest recorded value was 28.7% in 2012.
How does Panama rank for adequacy of benefits in 3rd quintile (%) - contributory pensions?
Panama ranks 23rd out of 31 countries with data for 2023.
Is adequacy of benefits in 3rd quintile (%) - contributory pensions rising or falling in Panama?
Over the last ten years it is up 10.5%. 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 3rd quintile (%) - Contributory Pensions -rural. Statizoid updates them automatically from the source API.

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Adequacy of benefits in 3rd quintile (%) - Contributory Pensions in Panama. Statizoid, drawing on ASPIRE. Retrieved 26 August 2026, from https://reference.statizoid.com/stat/adequacy-of-benefits-in-3rd-quintile-percent-contributory-pensions-rural/panama/

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About this data

Indicator
Adequacy of benefits in 3rd quintile (%) - Contributory Pensions -rural
Source
ASPIRE
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
31 places, 292 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