Adequacy of benefits in 4th quintile (%) - Contributory Pensions in Panama

Panama: Adequacy of benefits in 4th quintile (%) - Contributory Pensions was 33.9% in 2023. ▼ Falling

Latest (2023)
33.9%
Change on year
down 0.5%
World rank
22nd
of 34 countries
All-time high
39.5%
in 2008
All-time low
26.8%
in 2017
Years of data
14
2008–2023

Adequacy of benefits in 4th quintile (%) - Contributory Pensions in Panama, 2008–2023

0102030402008201520232008: 39.52009: 36.52010: 35.62011: 35.32012: 36.52013: 35.42014: 32.42015: 28.52016: 30.32017: 26.82018: 29.22019: 28.92021: 34.12023: 33.9

Source: ASPIRE.

Analysis

In 2023, adequacy of benefits in 4th quintile (%) - contributory pensions in Panama stood at 33.9%.

That represents a change of down 0.5% on the previous year and down 4.1% over ten years.

Over the whole period, adequacy of benefits in 4th quintile (%) - contributory pensions in Panama peaked at 39.5% in 2008 and was at its lowest, 26.8%, in 2017.

Panama ranks 22nd of 34 countries on this measure, 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 4th quintile (%) - Contributory Pensions in Panama, year by year

Annual values for Adequacy of benefits in 4th quintile (%) - Contributory Pensions -urban in Panama, 2008 to 2023.
Year Value Change
2008 39.5%
2009 36.5% -7.8%
2010 35.6% -2.3%
2011 35.3% -1.0%
2012 36.5% +3.4%
2013 35.4% -3.1%
2014 32.4% -8.3%
2015 28.5% -12.2%
2016 30.3% +6.6%
2017 26.8% -11.8%
2018 29.2% +9.3%
2019 28.9% -1.3%
2021 34.1% +18.1%
2023 33.9% -0.5%

Averages by decade

DecadeAverage LowestHighest Years
2000s 38.0% 36.5% 39.5% 2
2010s 31.9% 26.8% 36.5% 10
2020s 34.0% 33.9% 34.1% 2

Countries ranked near Panama

  1. 19 Bolivia, Plurinational State of 39.5% compare
  2. 20 Costa Rica 37.0% compare
  3. 21 Paraguay 36.7% compare
  4. 23 Dominican Republic 33.8% compare
  5. 24 Viet Nam 32.2% compare
  6. 25 Sri Lanka 32.1% 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 4th quintile (%) - contributory pensions in Panama?
Adequacy of benefits in 4th quintile (%) - contributory pensions in Panama was 33.9% in 2023, according to ASPIRE.
What is the highest adequacy of benefits in 4th quintile (%) - contributory pensions recorded in Panama?
The highest recorded value was 39.5% in 2008.
What is the lowest adequacy of benefits in 4th quintile (%) - contributory pensions recorded in Panama?
The lowest recorded value was 26.8% in 2017.
How does Panama rank for adequacy of benefits in 4th quintile (%) - contributory pensions?
Panama ranks 22nd out of 34 countries with data for 2023.
Is adequacy of benefits in 4th quintile (%) - contributory pensions rising or falling in Panama?
Over the last ten years it is down 4.1%. 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 4th quintile (%) - Contributory Pensions -urban. Statizoid updates them automatically from the source API.

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Adequacy of benefits in 4th quintile (%) - Contributory Pensions in Panama. Statizoid, drawing on ASPIRE. Retrieved 29 August 2026, from https://reference.statizoid.com/stat/adequacy-of-benefits-in-4th-quintile-percent-contributory-pensions-urban/panama/

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About this data

Indicator
Adequacy of benefits in 4th 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