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Adequacy of social insurance programs in Panama

Panama: Adequacy of social insurance programs was 31.0% in 2023. ▼ Falling

Latest (2023)
31.0%
Change on year
down 2.1%
World rank
26th
of 32 countries
All-time high
36.1%
in 2010
All-time low
26.2%
in 2019
Years of data
14
2008–2023

Adequacy of social insurance programs in Panama, 2008–2023

0102030402008201520232008: 36.1 % of total welfare of beneficiary households2009: 35.8 % of total welfare of beneficiary households2010: 36.1 % of total welfare of beneficiary households2011: 35.3 % of total welfare of beneficiary households2012: 34.1 % of total welfare of beneficiary households2013: 34 % of total welfare of beneficiary households2014: 31.5 % of total welfare of beneficiary households2015: 27.6 % of total welfare of beneficiary households2016: 29.4 % of total welfare of beneficiary households2017: 28.7 % of total welfare of beneficiary households2018: 27.8 % of total welfare of beneficiary households2019: 26.2 % of total welfare of beneficiary households2021: 31.7 % of total welfare of beneficiary households2023: 31 % of total welfare of beneficiary households

Source: ASPIRE: The Atlas of Social Protection, World Bank (2026) – processed by Our World in Data. Measured in % of total welfare of beneficiary households.

Analysis

In 2023, adequacy of social insurance programs in Panama stood at 31.0%.

Compared with earlier readings it is down 2.1% on the previous year and down 8.8% over ten years.

Over the whole period, adequacy of social insurance programs in Panama peaked at 36.1% in 2010 and was at its lowest, 26.2%, in 2019.

That places Panama 26th out of 32 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 36.0% 35.8% 36.1% 2
2010s 31.1% 26.2% 36.1% 10
2020s 31.4% 31.0% 31.7% 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 32 places →

More reference data data for Panama

All data for Panama →

Frequently asked questions

What is adequacy of social insurance programs in Panama?
Adequacy of social insurance programs in Panama was 31.0% in 2023, according to ASPIRE: The Atlas of Social Protection, World Bank (2026) – processed by Our World in Data.
What is the highest adequacy of social insurance programs recorded in Panama?
The highest recorded value was 36.1% in 2010.
What is the lowest adequacy of social insurance programs recorded in Panama?
The lowest recorded value was 26.2% in 2019.
How does Panama rank for adequacy of social insurance programs?
Panama ranks 26th out of 32 countries with data for 2023.
Is adequacy of social insurance programs rising or falling in Panama?
Over the last ten years it is down 8.8%. The long-run trend across the full record is falling.
Where does this Panama data come from?
The figures come from ASPIRE: The Atlas of Social Protection, World Bank (2026) – processed by Our World in Data, published as part of Adequacy of social insurance programs. Statizoid updates them automatically from the source API.

Download this data

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

About this data

Indicator
Adequacy of social insurance programs
Unit
% of total welfare of beneficiary households
Source
ASPIRE: The Atlas of Social Protection, World Bank (2026) – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
32 places, 337 data points, 2002–2023
Last refreshed

Adequacy of social insurance programs is measured as the total transfer amount received by those participating in social insurance programs as a share of their total welfare/income.