Benefits incidence in 2nd quintile (%) - All Private Transfers -urban in Panama

Panama: Benefits incidence in 2nd quintile (%) - All Private Transfers -urban was 17.8% in 2023. ▼ Falling

Latest (2023)
17.8%
Change on year
up 33.4%
World rank
3rd
of 36 countries
All-time high
25.1%
in 2012
All-time low
10.8%
in 2015
Years of data
14
2008–2023

Benefits incidence in 2nd quintile (%) - All Private Transfers -urban in Panama, 2008–2023

01020302008201520232008: 10.82009: 19.22010: 19.92011: 15.52012: 25.12013: 24.72014: 24.12015: 10.82016: 12.72017: 12.62018: 15.32019: 14.52021: 13.32023: 17.8

Source: ASPIRE.

Analysis

The most recent figure for benefits incidence in 2nd quintile (%) - all private transfers -urban in Panama is 17.8%, measured in 2023.

Compared with earlier readings it is up 33.4% on the previous year and down 28.0% over ten years.

Over the whole period, benefits incidence in 2nd quintile (%) - all private transfers -urban in Panama peaked at 25.1% in 2012 and was at its lowest, 10.8%, in 2015.

Panama ranks 3rd of 36 countries on this measure, in the top 10%.

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

Benefits incidence in 2nd quintile (%) - All Private Transfers -urban in Panama, year by year

Annual values for Benefits incidence in 2nd quintile (%) - All Private Transfers -urban in Panama, 2008 to 2023.
Year Value Change
2008 10.8%
2009 19.2% +76.8%
2010 19.9% +4.1%
2011 15.5% -22.1%
2012 25.1% +61.3%
2013 24.7% -1.4%
2014 24.1% -2.7%
2015 10.8% -54.9%
2016 12.7% +16.8%
2017 12.6% -0.6%
2018 15.3% +21.6%
2019 14.5% -5.1%
2021 13.3% -8.1%
2023 17.8% +33.4%

Averages by decade

DecadeAverage LowestHighest Years
2000s 15.0% 10.8% 19.2% 2
2010s 17.5% 10.8% 25.1% 10
2020s 15.6% 13.3% 17.8% 2

Countries ranked near Panama

  1. 1 Vietnam 22.2% compare
  2. 2 South Africa 21.0% compare
  3. 4 Uruguay 17.1% compare
  4. 5 Costa Rica 16.9% compare
  5. 6 Belarus 16.8% compare

See the full ranking of 36 places →

More reference data data for Panama

All data for Panama →

Frequently asked questions

What is benefits incidence in 2nd quintile (%) - all private transfers -urban in Panama?
Benefits incidence in 2nd quintile (%) - all private transfers -urban in Panama was 17.8% in 2023, according to ASPIRE.
What is the highest benefits incidence in 2nd quintile (%) - all private transfers -urban recorded in Panama?
The highest recorded value was 25.1% in 2012.
What is the lowest benefits incidence in 2nd quintile (%) - all private transfers -urban recorded in Panama?
The lowest recorded value was 10.8% in 2015.
How does Panama rank for benefits incidence in 2nd quintile (%) - all private transfers -urban?
Panama ranks 3rd out of 36 countries with data for 2023.
Is benefits incidence in 2nd quintile (%) - all private transfers -urban rising or falling in Panama?
Over the last ten years it is down 28.0%. 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 Benefits incidence in 2nd quintile (%) - All Private Transfers -urban. Statizoid updates them automatically from the source API.

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Benefits incidence in 2nd quintile (%) - All Private Transfers -urban in Panama. Statizoid, drawing on ASPIRE. Retrieved 27 August 2026, from https://reference.statizoid.com/stat/benefits-incidence-in-2nd-quintile-percent-all-private-transfers-urban/panama/

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About this data

Indicator
Benefits incidence in 2nd quintile (%) - All Private Transfers -urban
Source
ASPIRE
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
36 places, 350 data points, 2002–2023
Last refreshed

Percentage of benefits going to the second quintile relative to the total benefits going to the population