Coverage in 5th quintile (richest) (%) - Contributory Pensions in Panama

Panama: Coverage in 5th quintile (richest) (%) - Contributory Pensions was 32.5% in 2023. ▲ Rising

Latest (2023)
32.5%
Change on year
up 1.2%
World rank
19th
of 37 countries
All-time high
32.5%
in 2023
All-time low
24.5%
in 2011
Years of data
14
2008–2023

Coverage in 5th quintile (richest) (%) - Contributory Pensions in Panama, 2008–2023

01020302008201520232008: 29.82009: 27.32010: 27.42011: 24.52012: 25.82013: 27.42014: 25.82015: 26.82016: 30.62017: 27.32018: 28.22019: 29.12021: 32.12023: 32.5

Source: ASPIRE.

Analysis

Panama recorded 32.5% for coverage in 5th quintile (richest) (%) - contributory pensions in 2023. That is the highest value across all 14 years on record.

That represents a change of up 1.2% on the previous year and up 18.7% over ten years.

Over the whole period, coverage in 5th quintile (richest) (%) - contributory pensions in Panama peaked at 32.5% in 2023 and was at its lowest, 24.5%, in 2011.

That places Panama 19th out of 37 countries with data for 2023, putting it in the middle of the range.

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

Coverage in 5th quintile (richest) (%) - Contributory Pensions in Panama, year by year

Annual values for Coverage in 5th quintile (richest) (%) - Contributory Pensions in Panama, 2008 to 2023.
Year Value Change
2008 29.8% —
2009 27.3% -8.3%
2010 27.4% +0.2%
2011 24.5% -10.4%
2012 25.8% +5.2%
2013 27.4% +6.2%
2014 25.8% -5.7%
2015 26.8% +3.9%
2016 30.6% +14.1%
2017 27.3% -10.9%
2018 28.2% +3.3%
2019 29.1% +3.3%
2021 32.1% +10.3%
2023 32.5% +1.2%

Panama compared with similar countries

  • Panama's 32.5% is below the median for high income countries, which is 33.6%, 97% of the median. (7 countries reporting)
  • Panama's 32.5% is above the median for Latin America & Caribbean, which is 27.9%, 1.2× the median. (15 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
2000s 28.5% 27.3% 29.8% 2
2010s 27.3% 24.5% 30.6% 10
2020s 32.3% 32.1% 32.5% 2

Countries ranked near Panama

  1. 16 Romania 33.6% compare
  2. 17 Costa Rica 33.4% compare
  3. 18 Ecuador 32.6% compare
  4. 20 Colombia 28.5% compare
  5. 21 Mexico 27.9% compare
  6. 22 Kosovo 27.7% compare
  7. 22 Kosovo (UNSCR 1244) 27.7% compare

See the full ranking of 37 places →

More reference data data for Panama

All data for Panama →

Frequently asked questions

What is coverage in 5th quintile (richest) (%) - contributory pensions in Panama?
Coverage in 5th quintile (richest) (%) - contributory pensions in Panama was 32.5% in 2023, according to ASPIRE.
What is the highest coverage in 5th quintile (richest) (%) - contributory pensions recorded in Panama?
The highest recorded value was 32.5% in 2023.
What is the lowest coverage in 5th quintile (richest) (%) - contributory pensions recorded in Panama?
The lowest recorded value was 24.5% in 2011.
How does Panama rank for coverage in 5th quintile (richest) (%) - contributory pensions?
Panama ranks 19th out of 37 countries with data for 2023.
Is coverage in 5th quintile (richest) (%) - contributory pensions rising or falling in Panama?
Over the last ten years it is up 18.7%. 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 Coverage in 5th quintile (richest) (%) - Contributory Pensions. Statizoid updates them automatically from the source API.

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Coverage in 5th quintile (richest) (%) - Contributory Pensions in Panama. Statizoid, drawing on ASPIRE. Retrieved 25 September 2026, from https://reference.statizoid.com/stat/coverage-in-5th-quintile-richest-percent-contributory-pensions/panama/

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About this data

Indicator
Coverage in 5th quintile (richest) (%) - Contributory Pensions
Source
ASPIRE
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
37 places, 369 data points, 2002–2023
Last refreshed

Percentage of population participating in Contributory Pensions programs (includes direct and indirect beneficiaries)