Adequacy of benefits (%) - Contributory Pensions -urban in Panama

Panama: Adequacy of benefits (%) - Contributory Pensions -urban was 31.1% in 2023. β–Ό Falling

Latest (2023)
31.1%
Change on year
down 2.0%
World rank
25th
of 33 countries
All-time high
37.7%
in 2010
All-time low
26.8%
in 2019
Years of data
14
2008–2023

Adequacy of benefits (%) - Contributory Pensions -urban in Panama, 2008–2023

0102030402008201520232008: 35.42009: 36.52010: 37.72011: 37.32012: 35.62013: 34.82014: 32.22015: 27.62016: 29.42017: 28.82018: 28.32019: 26.82021: 31.72023: 31.1

Source: ASPIRE.

Analysis

In 2023, adequacy of benefits (%) - contributory pensions -urban in Panama stood at 31.1%.

Compared with earlier readings it is down 2.0% on the previous year and down 10.6% over ten years.

Over the whole period, adequacy of benefits (%) - contributory pensions -urban in Panama peaked at 37.7% in 2010 and was at its lowest, 26.8%, in 2019.

That places Panama 25th out of 33 countries with data for 2023, putting it in the bottom quarter.

The long-run direction has been consistently falling across the 14 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2000s 35.9% 35.4% 36.5% 2
2010s 31.9% 26.8% 37.7% 10
2020s 31.4% 31.1% 31.7% 2

Countries ranked near Panama

  1. 22 Dominican Republic 35.2% compare
  2. 23 Ecuador 35.2% compare
  3. 24 Paraguay 32.6% compare
  4. 26 Kosovo 30.2% compare
  5. 27 Chile 29.4% compare
  6. 28 Viet Nam 29.0% compare

See the full ranking of 33 places β†’

More reference data data for Panama

All data for Panama β†’

Frequently asked questions

What is adequacy of benefits (%) - contributory pensions -urban in Panama?
Adequacy of benefits (%) - contributory pensions -urban in Panama was 31.1% in 2023, according to ASPIRE.
What is the highest adequacy of benefits (%) - contributory pensions -urban recorded in Panama?
The highest recorded value was 37.7% in 2010.
What is the lowest adequacy of benefits (%) - contributory pensions -urban recorded in Panama?
The lowest recorded value was 26.8% in 2019.
How does Panama rank for adequacy of benefits (%) - contributory pensions -urban?
Panama ranks 25th out of 33 countries with data for 2023.
Is adequacy of benefits (%) - contributory pensions -urban rising or falling in Panama?
Over the last ten years it is down 10.6%. 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 (%) - Contributory Pensions -urban. Statizoid updates them automatically from the source API.

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Adequacy of benefits (%) - Contributory Pensions -urban in Panama. Statizoid, drawing on ASPIRE. Retrieved 20 August 2026, from https://reference.statizoid.com/stat/adequacy-of-benefits-percent-contributory-pensions-urban/panama/

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About this data

Indicator
Adequacy of benefits (%) - Contributory Pensions -urban
Source
ASPIRE
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
33 places, 342 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