Enforcing contracts: Cost in Panama
Panama: Enforcing contracts: Cost was 38.0% in 2019. ▼ Falling
Enforcing contracts: Cost in Panama, 2003–2019
Source: World Bank. Measured in % of claim.
Analysis
The most recent figure for enforcing contracts: cost in Panama is 38.0%, measured in 2019. That is the lowest value across all 17 years on record.
Compared with earlier readings it is down 24.0% over ten years.
Over the whole period, enforcing contracts: cost in Panama peaked at 50.0% in 2003 and was at its lowest, 38.0%, in 2010.
Panama ranks 48th of 191 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 17 years of available data.
Enforcing contracts: Cost in Panama, year by year
| Year | % of claim | Change |
|---|---|---|
| 2003 | 50.0% | — |
| 2004 | 50.0% | +0.0% |
| 2005 | 50.0% | +0.0% |
| 2006 | 50.0% | +0.0% |
| 2007 | 50.0% | +0.0% |
| 2008 | 50.0% | +0.0% |
| 2009 | 50.0% | +0.0% |
| 2010 | 38.0% | -24.0% |
| 2011 | 38.0% | +0.0% |
| 2012 | 38.0% | +0.0% |
| 2013 | 38.0% | +0.0% |
| 2014 | 38.0% | +0.0% |
| 2015 | 38.0% | +0.0% |
| 2016 | 38.0% | +0.0% |
| 2017 | 38.0% | +0.0% |
| 2018 | 38.0% | +0.0% |
| 2019 | 38.0% | +0.0% |
Panama compared with similar countries
- Panama's 38.0% is above the median for high income countries, which is 22.8%, 1.7× the median. (62 countries reporting)
- Panama's 38.0% is above the median for Latin America & Caribbean, which is 30.0%, 1.3× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 50.0% | 50.0% | 50.0% | 7 |
| 2010s | 38.0% | 38.0% | 38.0% | 10 |
Countries ranked near Panama
More reference data data for Panama
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.1446 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.6179 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.9793 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0285 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.9793 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.4849 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.2267 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 3.44 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 5.08 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.1553 (2050)
Frequently asked questions
- What is enforcing contracts: cost in Panama?
- Enforcing contracts: cost in Panama was 38.0% in 2019, according to the World Bank.
- What is the highest enforcing contracts: cost recorded in Panama?
- The highest recorded value was 50.0% in 2003.
- What is the lowest enforcing contracts: cost recorded in Panama?
- The lowest recorded value was 38.0% in 2010.
- How does Panama rank for enforcing contracts: cost?
- Panama ranks 48th out of 191 countries with data for 2019.
- Is enforcing contracts: cost rising or falling in Panama?
- Over the last ten years it is down 24.0%. The long-run trend across the full record is falling.
- Where does this Panama data come from?
- The figures come from the World Bank, published as part of Enforcing contracts: Cost (% of claim). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The cost to enforce contracts is recorded as a percentage of the claim value, assumed to be equivalent to 200% of income per capita or $5,000, whichever is greater. Three types of costs are recorded: average attorney fees, court costs and enforcement costs. Bribes are not taken into account.