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Mean income or consumption per day (2011 prices) in Panama

Panama: Mean income or consumption per day (2011 prices) was 24.1 international-$ in 2011 prices in 2023. ▲ Rising

Latest (2023)
24.1 international-$ in 2011 prices
Change on year
down 2.4%
World rank
42nd
of 119 countries
All-time high
26.79 international-$ in 2011 prices
in 2019
All-time low
9.53 international-$ in 2011 prices
in 1989
Years of data
29
1979–2023

Mean income or consumption per day (2011 prices) in Panama, 1979–2023

01020301979200120231979: 10.8 international-$ in 2011 prices1989: 9.5 international-$ in 2011 prices1991: 10.2 international-$ in 2011 prices1995: 13 international-$ in 2011 prices1997: 13.5 international-$ in 2011 prices1998: 12.9 international-$ in 2011 prices1999: 13.5 international-$ in 2011 prices2000: 14.4 international-$ in 2011 prices2001: 12.7 international-$ in 2011 prices2002: 13.8 international-$ in 2011 prices2003: 14.1 international-$ in 2011 prices2004: 14.3 international-$ in 2011 prices2005: 14.1 international-$ in 2011 prices2006: 14.3 international-$ in 2011 prices2007: 14.9 international-$ in 2011 prices2008: 18 international-$ in 2011 prices2009: 18 international-$ in 2011 prices2010: 18.5 international-$ in 2011 prices2011: 20.4 international-$ in 2011 prices2012: 20.7 international-$ in 2011 prices2013: 21.4 international-$ in 2011 prices2014: 21.5 international-$ in 2011 prices2015: 23.5 international-$ in 2011 prices2016: 24.7 international-$ in 2011 prices2017: 24.6 international-$ in 2011 prices2018: 25.9 international-$ in 2011 prices2019: 26.8 international-$ in 2011 prices2021: 24.7 international-$ in 2011 prices2023: 24.1 international-$ in 2011 prices

Source: World Bank Poverty and Inequality Platform (2024) – with major processing by Our World in Data. Measured in international-$ in 2011 prices.

Analysis

Panama recorded 24.1 international-$ in 2011 prices for mean income or consumption per day (2011 prices) in 2023.

That represents a change of down 2.4% on the previous year and up 12.5% over ten years.

Over the whole period, mean income or consumption per day (2011 prices) in Panama peaked at 26.79 international-$ in 2011 prices in 2019 and was at its lowest, 9.53 international-$ in 2011 prices, in 1989.

That places Panama 42nd out of 119 countries with data for 2023, putting it in the middle of the range.

The long-run direction has been consistently rising across the 29 years of available data.

Mean income or consumption per day (2011 prices) in Panama, year by year

Year international-$ in 2011 prices Change
1979 10.81 international-$ in 2011 prices —
1989 9.53 international-$ in 2011 prices -11.8%
1991 10.18 international-$ in 2011 prices +6.8%
1995 13 international-$ in 2011 prices +27.7%
1997 13.46 international-$ in 2011 prices +3.6%
1998 12.9 international-$ in 2011 prices -4.2%
1999 13.55 international-$ in 2011 prices +5.1%
2000 14.39 international-$ in 2011 prices +6.2%
2001 12.66 international-$ in 2011 prices -12.0%
2002 13.83 international-$ in 2011 prices +9.2%
2003 14.08 international-$ in 2011 prices +1.8%
2004 14.32 international-$ in 2011 prices +1.7%
2005 14.09 international-$ in 2011 prices -1.6%
2006 14.28 international-$ in 2011 prices +1.3%
2007 14.92 international-$ in 2011 prices +4.5%
2008 17.98 international-$ in 2011 prices +20.5%
2009 18.03 international-$ in 2011 prices +0.3%
2010 18.46 international-$ in 2011 prices +2.4%
2011 20.43 international-$ in 2011 prices +10.7%
2012 20.68 international-$ in 2011 prices +1.2%
2013 21.42 international-$ in 2011 prices +3.6%
2014 21.52 international-$ in 2011 prices +0.5%
2015 23.51 international-$ in 2011 prices +9.2%
2016 24.71 international-$ in 2011 prices +5.1%
2017 24.57 international-$ in 2011 prices -0.6%
2018 25.9 international-$ in 2011 prices +5.4%
2019 26.79 international-$ in 2011 prices +3.4%
2021 24.69 international-$ in 2011 prices -7.8%
2023 24.1 international-$ in 2011 prices -2.4%

Panama compared with similar countries

  • Panama's 24.1 international-$ in 2011 prices is below the median for high income countries, which is 45.91 international-$ in 2011 prices, 52% of the median. (41 countries reporting)
  • Panama's 24.1 international-$ in 2011 prices is above the median for Latin America & Caribbean, which is 14.25 international-$ in 2011 prices, 1.7× the median. (19 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
1970s 10.81 international-$ in 2011 prices 10.81 international-$ in 2011 prices 10.81 international-$ in 2011 prices 1
1980s 9.53 international-$ in 2011 prices 9.53 international-$ in 2011 prices 9.53 international-$ in 2011 prices 1
1990s 12.62 international-$ in 2011 prices 10.18 international-$ in 2011 prices 13.55 international-$ in 2011 prices 5
2000s 14.86 international-$ in 2011 prices 12.66 international-$ in 2011 prices 18.03 international-$ in 2011 prices 10
2010s 22.8 international-$ in 2011 prices 18.46 international-$ in 2011 prices 26.79 international-$ in 2011 prices 10
2020s 24.39 international-$ in 2011 prices 24.1 international-$ in 2011 prices 24.69 international-$ in 2011 prices 2

Countries ranked near Panama

  1. 39 Slovakia 24.56 international-$ in 2011 prices compare
  2. 40 Turkey 24.48 international-$ in 2011 prices compare
  3. 41 Romania 24.47 international-$ in 2011 prices compare
  4. 43 Costa Rica 23.63 international-$ in 2011 prices compare
  5. 44 Belarus 21.4 international-$ in 2011 prices compare
  6. 45 Brazil 20.6 international-$ in 2011 prices compare

See the full ranking of 119 places →

More reference data data for Panama

All data for Panama →

Frequently asked questions

What is mean income or consumption per day (2011 prices) in Panama?
Mean income or consumption per day (2011 prices) in Panama was 24.1 international-$ in 2011 prices in 2023, according to World Bank Poverty and Inequality Platform (2024) – with major processing by Our World in Data.
What is the highest mean income or consumption per day (2011 prices) recorded in Panama?
The highest recorded value was 26.79 international-$ in 2011 prices in 2019.
What is the lowest mean income or consumption per day (2011 prices) recorded in Panama?
The lowest recorded value was 9.53 international-$ in 2011 prices in 1989.
How does Panama rank for mean income or consumption per day (2011 prices)?
Panama ranks 42nd out of 119 countries with data for 2023.
Is mean income or consumption per day (2011 prices) rising or falling in Panama?
Over the last ten years it is up 12.5%. The long-run trend across the full record is rising.
Where does this Panama data come from?
The figures come from World Bank Poverty and Inequality Platform (2024) – with major processing by Our World in Data, published as part of Mean income or consumption per day (2011 prices). Statizoid updates them automatically from the source API.

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Mean income or consumption per day (2011 prices) in Panama. Statizoid, drawing on World Bank Poverty and Inequality Platform (2024) – with major processing by Our World in Data. Retrieved 25 September 2026, from https://reference.statizoid.com/stat/daily-mean-income-2011-ppp/panama/

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About this data

Indicator
Mean income or consumption per day (2011 prices)
Unit
international-$ in 2011 prices
Source
World Bank Poverty and Inequality Platform (2024) – with major processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
119 places, 2,016 data points, 1963–2023
Last refreshed

The mean is the average income or consumption of the population.