Adequacy of benefits (%) - Contributory Pensions in Panama

Panama: Adequacy of benefits (%) - Contributory Pensions was 31.3% in 2023. ▼ Falling

Latest (2023)
31.3%
Change on year
down 2.6%
World rank
26th
of 32 countries
All-time high
37.9%
in 2010
All-time low
27.3%
in 2019
Years of data
14
2008–2023

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

0102030402008201520232008: 36.12009: 372010: 37.92011: 36.82012: 35.12013: 34.82014: 32.52015: 28.32016: 302017: 29.62018: 292019: 27.32021: 32.22023: 31.3

Source: ASPIRE.

Analysis

In 2023, adequacy of benefits (%) - contributory pensions in Panama stood at 31.3%.

Compared with earlier readings it is down 2.6% on the previous year and down 10.0% over ten years.

Over the whole period, adequacy of benefits (%) - contributory pensions in Panama peaked at 37.9% in 2010 and was at its lowest, 27.3%, in 2019.

Panama ranks 26th of 32 countries on this measure, 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 36.5% 36.1% 37.0% 2
2010s 32.1% 27.3% 37.9% 10
2020s 31.8% 31.3% 32.2% 2

Countries ranked near Panama

  1. 23 Ecuador 34.4% compare
  2. 24 Sri Lanka 33.6% compare
  3. 25 Paraguay 33.5% compare
  4. 27 Vietnam 30.9% compare
  5. 28 Chile 30.4% compare
  6. 29 Honduras 27.6% compare

See the full ranking of 33 places →

More reference data data for Panama

All data for Panama →

Frequently asked questions

What is adequacy of benefits (%) - contributory pensions in Panama?
Adequacy of benefits (%) - contributory pensions in Panama was 31.3% in 2023, according to ASPIRE.
What is the highest adequacy of benefits (%) - contributory pensions recorded in Panama?
The highest recorded value was 37.9% in 2010.
What is the lowest adequacy of benefits (%) - contributory pensions recorded in Panama?
The lowest recorded value was 27.3% in 2019.
How does Panama rank for adequacy of benefits (%) - contributory pensions?
Panama ranks 26th out of 32 countries with data for 2023.
Is adequacy of benefits (%) - contributory pensions rising or falling in Panama?
Over the last ten years it is down 10.0%. 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. Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 14 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Adequacy of benefits (%) - Contributory Pensions
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