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

Panama: Benefits incidence in 2nd quintile (%) - All Private Transfers was 15.3% in 2023. β–Ό Falling

Latest (2023)
15.3%
Change on year
up 8.4%
World rank
16th
of 35 countries
All-time high
24.3%
in 2014
All-time low
12.2%
in 2008
Years of data
14
2008–2023

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

05101520252008201520232008: 12.22009: 15.42010: 17.72011: 14.22012: 22.52013: 23.12014: 24.32015: 12.42016: 12.62017: 12.62018: 14.12019: 13.82021: 14.12023: 15.3

Source: ASPIRE.

Analysis

In 2023, benefits incidence in 2nd quintile (%) - all private transfers in Panama stood at 15.3%.

The figure is up 8.4% on the previous year and down 33.9% over ten years.

Over the whole period, benefits incidence in 2nd quintile (%) - all private transfers in Panama peaked at 24.3% in 2014 and was at its lowest, 12.2%, in 2008.

Panama ranks 16th of 35 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.

Averages by decade

DecadeAverage LowestHighest Years
2000s 13.8% 12.2% 15.4% 2
2010s 16.7% 12.4% 24.3% 10
2020s 14.7% 14.1% 15.3% 2

Countries ranked near Panama

  1. 13 Dominican Republic 15.8% compare
  2. 14 Belarus 15.8% compare
  3. 15 Chile 15.6% compare
  4. 17 Colombia 14.6% compare
  5. 18 Georgia 14.5% compare
  6. 19 El Salvador 14.2% compare

See the full ranking of 35 places β†’

More reference data data for Panama

All data for Panama β†’

Frequently asked questions

What is benefits incidence in 2nd quintile (%) - all private transfers in Panama?
Benefits incidence in 2nd quintile (%) - all private transfers in Panama was 15.3% in 2023, according to ASPIRE.
What is the highest benefits incidence in 2nd quintile (%) - all private transfers recorded in Panama?
The highest recorded value was 24.3% in 2014.
What is the lowest benefits incidence in 2nd quintile (%) - all private transfers recorded in Panama?
The lowest recorded value was 12.2% in 2008.
How does Panama rank for benefits incidence in 2nd quintile (%) - all private transfers?
Panama ranks 16th out of 35 countries with data for 2023.
Is benefits incidence in 2nd quintile (%) - all private transfers rising or falling in Panama?
Over the last ten years it is down 33.9%. 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. Statizoid updates them automatically from the source API.

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Benefits incidence in 2nd quintile (%) - All Private Transfers in Panama. Statizoid, drawing on ASPIRE. Retrieved 20 August 2026, from https://reference.statizoid.com/stat/benefits-incidence-in-2nd-quintile-percent-all-private-transfers/panama/

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About this data

Indicator
Benefits incidence in 2nd quintile (%) - All Private Transfers
Source
ASPIRE
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
35 places, 346 data points, 2002–2023
Last refreshed

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