Poverty Gap reduction (%) - Contributory Pensions -extreme poor in Panama

Panama: Poverty Gap reduction (%) - Contributory Pensions -extreme poor was 28.8% in 2023. ▲ Rising

Latest (2023)
28.8%
Change on year
down 29.7%
World rank
24th
of 34 countries
All-time high
41.0%
in 2021
All-time low
14.8%
in 2008
Years of data
14
2008–2023

Poverty Gap reduction (%) - Contributory Pensions -extreme poor in Panama, 2008–2023

0102030402008201520232008: 14.8 <$2.15 a day2009: 26.9 <$2.15 a day2010: 23.5 <$2.15 a day2011: 22.7 <$2.15 a day2012: 17.2 <$2.15 a day2013: 24.5 <$2.15 a day2014: 16.1 <$2.15 a day2015: 19 <$2.15 a day2016: 27 <$2.15 a day2017: 23.6 <$2.15 a day2018: 27.9 <$2.15 a day2019: 29.1 <$2.15 a day2021: 41 <$2.15 a day2023: 28.8 <$2.15 a day

Source: ASPIRE. Measured in <$2.15 a day.

Analysis

The most recent figure for poverty gap reduction (%) - contributory pensions -extreme poor in Panama is 28.8%, measured in 2023.

The figure is down 29.7% on the previous year and up 17.7% over ten years.

Over the whole period, poverty gap reduction (%) - contributory pensions -extreme poor in Panama peaked at 41.0% in 2021 and was at its lowest, 14.8%, in 2008.

That places Panama 24th out of 34 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.

Poverty Gap reduction (%) - Contributory Pensions -extreme poor in Panama, year by year

Annual values for Poverty Gap reduction (%) - Contributory Pensions -extreme poor (<$2.15 a day) in Panama, 2008 to 2023.
Year <$2.15 a day Change
2008 14.8% —
2009 26.9% +82.2%
2010 23.5% -12.5%
2011 22.7% -3.5%
2012 17.2% -24.3%
2013 24.5% +42.4%
2014 16.1% -34.2%
2015 19.0% +18.0%
2016 27.0% +42.0%
2017 23.6% -12.5%
2018 27.9% +18.4%
2019 29.1% +4.2%
2021 41.0% +40.7%
2023 28.8% -29.7%

Panama compared with similar countries

  • Panama's 28.8% is below the median for high income countries, which is 93.2%, 31% of the median. (6 countries reporting)
  • Panama's 28.8% is above the median for Latin America & Caribbean, which is 24.9%, 1.2× the median. (15 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
2000s 20.8% 14.8% 26.9% 2
2010s 23.1% 16.1% 29.1% 10
2020s 34.9% 28.8% 41.0% 2

Countries ranked near Panama

  1. 21 Costa Rica 54.6% compare
  2. 22 Pakistan 47.5% compare
  3. 23 Mexico 31.2% compare
  4. 25 Dominican Republic 24.9% compare
  5. 26 Ecuador 15.8% compare
  6. 27 South Africa 12.6% compare

See the full ranking of 34 places →

More reference data data for Panama

All data for Panama →

Frequently asked questions

What is poverty gap reduction (%) - contributory pensions -extreme poor in Panama?
Poverty gap reduction (%) - contributory pensions -extreme poor in Panama was 28.8% in 2023, according to ASPIRE.
What is the highest poverty gap reduction (%) - contributory pensions -extreme poor recorded in Panama?
The highest recorded value was 41.0% in 2021.
What is the lowest poverty gap reduction (%) - contributory pensions -extreme poor recorded in Panama?
The lowest recorded value was 14.8% in 2008.
How does Panama rank for poverty gap reduction (%) - contributory pensions -extreme poor?
Panama ranks 24th out of 34 countries with data for 2023.
Is poverty gap reduction (%) - contributory pensions -extreme poor rising or falling in Panama?
Over the last ten years it is up 17.7%. 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 Poverty Gap reduction (%) - Contributory Pensions -extreme poor (<$2.15 a day). Statizoid updates them automatically from the source API.

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Poverty Gap reduction (%) - Contributory Pensions -extreme poor in Panama. Statizoid, drawing on ASPIRE. Retrieved 25 September 2026, from https://reference.statizoid.com/stat/poverty-gap-reduction-percent-contributory-pensions-extreme-poor-2-15-a-day/panama/

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About this data

Indicator
Poverty Gap reduction (%) - Contributory Pensions -extreme poor (<$2.15 a day)
Unit
<$2.15 a day
Source
ASPIRE
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
34 places, 346 data points, 2002–2023
Last refreshed

Poverty gap reduction due to Contributory Pensions programs as % of pre-transfer poverty gap