Benefits incidence in 5th quintile (richest) (%) - All Private in Panama

Panama: Benefits incidence in 5th quintile (richest) (%) - All Private was 30.2% in 2023. ▲ Rising

Latest (2023)
30.2%
Change on year
down 6.8%
World rank
27th
of 35 countries
All-time high
54.3%
in 2015
All-time low
22.4%
in 2012
Years of data
14
2008–2023

Benefits incidence in 5th quintile (richest) (%) - All Private in Panama, 2008–2023

02040602008201520232008: 34.92009: 31.72010: 27.22011: 34.92012: 22.42013: 26.22014: 27.12015: 54.32016: 36.82017: 432018: 40.22019: 36.92021: 32.42023: 30.2

Source: ASPIRE.

Analysis

The most recent figure for benefits incidence in 5th quintile (richest) (%) - all private in Panama is 30.2%, measured in 2023.

The figure is down 6.8% on the previous year and up 15.2% over ten years.

Over the whole period, benefits incidence in 5th quintile (richest) (%) - all private in Panama peaked at 54.3% in 2015 and was at its lowest, 22.4%, in 2012.

That places Panama 27th out of 35 countries with data for 2023, putting it in the bottom quarter.

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

Benefits incidence in 5th quintile (richest) (%) - All Private in Panama, year by year

Annual values for Benefits incidence in 5th quintile (richest) (%) - All Private Transfers -rural in Panama, 2008 to 2023.
Year Value Change
2008 34.9%
2009 31.7% -9.1%
2010 27.2% -14.3%
2011 34.9% +28.3%
2012 22.4% -35.7%
2013 26.2% +17.1%
2014 27.1% +3.2%
2015 54.3% +100.8%
2016 36.8% -32.2%
2017 43.0% +16.8%
2018 40.2% -6.6%
2019 36.9% -8.2%
2021 32.4% -12.1%
2023 30.2% -6.8%

Averages by decade

DecadeAverage LowestHighest Years
2000s 33.3% 31.7% 34.9% 2
2010s 34.9% 22.4% 54.3% 10
2020s 31.3% 30.2% 32.4% 2

Countries ranked near Panama

  1. 24 Republic of Moldova 35.2% compare
  2. 25 Peru 34.2% compare
  3. 26 Colombia 32.1% compare
  4. 28 Brazil 29.2% compare
  5. 29 Armenia 28.9% compare
  6. 30 Serbia 25.7% compare

See the full ranking of 35 places →

More reference data data for Panama

All data for Panama →

Frequently asked questions

What is benefits incidence in 5th quintile (richest) (%) - all private in Panama?
Benefits incidence in 5th quintile (richest) (%) - all private in Panama was 30.2% in 2023, according to ASPIRE.
What is the highest benefits incidence in 5th quintile (richest) (%) - all private recorded in Panama?
The highest recorded value was 54.3% in 2015.
What is the lowest benefits incidence in 5th quintile (richest) (%) - all private recorded in Panama?
The lowest recorded value was 22.4% in 2012.
How does Panama rank for benefits incidence in 5th quintile (richest) (%) - all private?
Panama ranks 27th out of 35 countries with data for 2023.
Is benefits incidence in 5th quintile (richest) (%) - all private rising or falling in Panama?
Over the last ten years it is up 15.2%. The long-run trend across the full record is rising.
Where does this Panama data come from?
The figures come from ASPIRE, published as part of Benefits incidence in 5th quintile (richest) (%) - All Private Transfers -rural. Statizoid updates them automatically from the source API.

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Benefits incidence in 5th quintile (richest) (%) - All Private in Panama. Statizoid, drawing on ASPIRE. Retrieved 31 August 2026, from https://reference.statizoid.com/stat/benefits-incidence-in-5th-quintile-richest-percent-all-private-transfers-rural/panama/

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About this data

Indicator
Benefits incidence in 5th quintile (richest) (%) - All Private Transfers -rural
Source
ASPIRE
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
35 places, 334 data points, 2002–2023
Last refreshed

Percentage of benefits going to the richestquintile relative to the total benefits going to the population