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

Panama: Adequacy of benefits in 3rd quintile (%) - Contributory Pensions was 29.2% in 2023. ▼ Falling

Latest (2023)
29.2%
Change on year
down 11.8%
World rank
30th
of 34 countries
All-time high
39.0%
in 2011
All-time low
26.6%
in 2019
Years of data
14
2008–2023

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

0102030402008201520232008: 34.52009: 36.72010: 34.22011: 392012: 32.62013: 32.12014: 35.32015: 28.92016: 28.12017: 30.92018: 28.42019: 26.62021: 33.12023: 29.2

Source: ASPIRE.

Analysis

In 2023, adequacy of benefits in 3rd quintile (%) - contributory pensions in Panama stood at 29.2%.

The figure is down 11.8% on the previous year and down 8.9% over ten years.

Over the whole period, adequacy of benefits in 3rd quintile (%) - contributory pensions in Panama peaked at 39.0% in 2011 and was at its lowest, 26.6%, in 2019.

Panama ranks 30th 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 3rd quintile (%) - Contributory Pensions in Panama, year by year

Annual values for Adequacy of benefits in 3rd quintile (%) - Contributory Pensions -urban in Panama, 2008 to 2023.
Year Value Change
2008 34.5%
2009 36.7% +6.2%
2010 34.2% -6.8%
2011 39.0% +13.9%
2012 32.6% -16.3%
2013 32.1% -1.7%
2014 35.3% +10.0%
2015 28.9% -18.0%
2016 28.1% -2.8%
2017 30.9% +9.8%
2018 28.4% -7.9%
2019 26.6% -6.3%
2021 33.1% +24.3%
2023 29.2% -11.8%

Averages by decade

DecadeAverage LowestHighest Years
2000s 35.6% 34.5% 36.7% 2
2010s 31.6% 26.6% 39.0% 10
2020s 31.2% 29.2% 33.1% 2

Countries ranked near Panama

  1. 27 Kosovo 32.6% compare
  2. 27 Kosovo (UNSCR 1244) 32.6% compare
  3. 29 Ecuador 32.5% compare
  4. 31 Mexico 28.7% compare
  5. 32 Peru 25.0% compare
  6. 33 El Salvador 21.3% 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 3rd quintile (%) - contributory pensions in Panama?
Adequacy of benefits in 3rd quintile (%) - contributory pensions in Panama was 29.2% 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 39.0% in 2011.
What is the lowest adequacy of benefits in 3rd quintile (%) - contributory pensions recorded in Panama?
The lowest recorded value was 26.6% in 2019.
How does Panama rank for adequacy of benefits in 3rd quintile (%) - contributory pensions?
Panama ranks 30th out of 34 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 down 8.9%. 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 -urban. 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 27 August 2026, from https://reference.statizoid.com/stat/adequacy-of-benefits-in-3rd-quintile-percent-contributory-pensions-urban/panama/

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About this data

Indicator
Adequacy of benefits in 3rd 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