Benefits incidence in 3rd quintile (%) - All Private Transfers in Panama

Panama: Benefits incidence in 3rd quintile (%) - All Private Transfers was 21.6% in 2023. β–Ό Falling

Latest (2023)
21.6%
Change on year
up 33.0%
World rank
2nd
of 35 countries
All-time high
25.5%
in 2013
All-time low
13.1%
in 2015
Years of data
14
2008–2023

Benefits incidence in 3rd quintile (%) - All Private Transfers in Panama, 2008–2023

01020302008201520232008: 14.52009: 21.82010: 22.32011: 19.52012: 24.22013: 25.52014: 22.82015: 13.12016: 15.92017: 17.32018: 18.82019: 182021: 16.22023: 21.6

Source: ASPIRE.

Analysis

Panama recorded 21.6% for benefits incidence in 3rd quintile (%) - all private transfers in 2023.

Compared with earlier readings it is up 33.0% on the previous year and down 15.5% over ten years.

Over the whole period, benefits incidence in 3rd quintile (%) - all private transfers in Panama peaked at 25.5% in 2013 and was at its lowest, 13.1%, in 2015.

Panama ranks 2nd of 35 countries on this measure, in the top 10%.

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

Averages by decade

DecadeAverage LowestHighest Years
2000s 18.2% 14.5% 21.8% 2
2010s 19.7% 13.1% 25.5% 10
2020s 18.9% 16.2% 21.6% 2

Countries ranked near Panama

  1. 1 South Africa 31.5% compare
  2. 3 Armenia, Republic of 21.1% compare
  3. 4 Thailand 20.8% compare
  4. 5 Vietnam 19.8% 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 3rd quintile (%) - all private transfers in Panama?
Benefits incidence in 3rd quintile (%) - all private transfers in Panama was 21.6% in 2023, according to ASPIRE.
What is the highest benefits incidence in 3rd quintile (%) - all private transfers recorded in Panama?
The highest recorded value was 25.5% in 2013.
What is the lowest benefits incidence in 3rd quintile (%) - all private transfers recorded in Panama?
The lowest recorded value was 13.1% in 2015.
How does Panama rank for benefits incidence in 3rd quintile (%) - all private transfers?
Panama ranks 2nd out of 35 countries with data for 2023.
Is benefits incidence in 3rd quintile (%) - all private transfers rising or falling in Panama?
Over the last ten years it is down 15.5%. 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 3rd quintile (%) - All Private Transfers. Statizoid updates them automatically from the source API.

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Benefits incidence in 3rd quintile (%) - All Private Transfers in Panama. Statizoid, drawing on ASPIRE. Retrieved 18 August 2026, from https://reference.statizoid.com/stat/benefits-incidence-in-3rd-quintile-percent-all-private-transfers/panama/

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About this data

Indicator
Benefits incidence in 3rd 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 third quintile relative to the total benefits going to the population