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

Panama: Benefits incidence in 5th quintile (richest) (%) - All Private was 32.0% in 2023. ▲ Rising

Latest (2023)
32.0%
Change on year
down 27.6%
World rank
29th
of 36 countries
All-time high
45.4%
in 2016
All-time low
15.2%
in 2013
Years of data
14
2008–2023

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

203040502008201520232008: 45.12009: 23.32010: 23.12011: 312012: 16.52013: 15.22014: 15.72015: 45.12016: 45.42017: 43.22018: 39.42019: 41.42021: 44.22023: 32

Source: ASPIRE.

Analysis

Panama recorded 32.0% for benefits incidence in 5th quintile (richest) (%) - all private in 2023.

Compared with earlier readings it is down 27.6% on the previous year and up 110.8% over ten years.

Over the whole period, benefits incidence in 5th quintile (richest) (%) - all private in Panama peaked at 45.4% in 2016 and was at its lowest, 15.2%, in 2013.

Panama ranks 29th of 36 countries on this measure, 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 -urban in Panama, 2008 to 2023.
Year Value Change
2008 45.1%
2009 23.3% -48.2%
2010 23.1% -1.0%
2011 31.0% +34.2%
2012 16.5% -46.8%
2013 15.2% -8.0%
2014 15.7% +3.3%
2015 45.1% +187.4%
2016 45.4% +0.8%
2017 43.2% -4.9%
2018 39.4% -8.8%
2019 41.4% +4.9%
2021 44.2% +6.8%
2023 32.0% -27.6%

Averages by decade

DecadeAverage LowestHighest Years
2000s 34.2% 23.3% 45.1% 2
2010s 31.6% 15.2% 45.4% 10
2020s 38.1% 32.0% 44.2% 2

Countries ranked near Panama

  1. 26 Thailand 33.7% compare
  2. 27 Argentina 33.7% compare
  3. 28 Mexico 32.4% compare
  4. 30 Dominican Republic 30.8% compare
  5. 31 Uruguay 30.4% compare
  6. 32 Costa Rica 29.1% 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 5th quintile (richest) (%) - all private in Panama?
Benefits incidence in 5th quintile (richest) (%) - all private in Panama was 32.0% 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 45.4% in 2016.
What is the lowest benefits incidence in 5th quintile (richest) (%) - all private recorded in Panama?
The lowest recorded value was 15.2% in 2013.
How does Panama rank for benefits incidence in 5th quintile (richest) (%) - all private?
Panama ranks 29th out of 36 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 110.8%. 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 -urban. 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 02 September 2026, from https://reference.statizoid.com/stat/benefits-incidence-in-5th-quintile-richest-percent-all-private-transfers-urban/panama/

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About this data

Indicator
Benefits incidence in 5th quintile (richest) (%) - 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 richestquintile relative to the total benefits going to the population