Poverty: Share of population living on less than $1 a day in Panama

Panama: Poverty: Share of population living on less than $1 a day was 0.2% in 2024. ◆ Volatile

Latest (2024)
0.2%
Change on year
down 29.4%
World rank
53rd
of 120 countries
All-time high
16.1%
in 1989
All-time low
0.0%
in 1979
Years of data
30
1979–2024

Poverty: Share of population living on less than $1 a day in Panama, 1979–2024

0510151979200120241979: 0 %1989: 16.1 %1991: 13.6 %1995: 10.8 %1997: 8.8 %1998: 9.6 %1999: 8 %2000: 5.7 %2001: 7.6 %2002: 3.3 %2003: 3.6 %2004: 2.8 %2005: 2.4 %2006: 3.4 %2007: 1.6 %2008: 0.375 %2009: 0.256 %2010: 0.593 %2011: 0.42 %2012: 0.657 %2013: 0.31 %2014: 0.534 %2015: 0.243 %2016: 0.205 %2017: 0.443 %2018: 0.22 %2019: 0.332 %2021: 0.361 %2023: 0.26 %2024: 0.184 %

Source: World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data. Measured in %.

Analysis

In 2024, poverty: share of population living on less than $1 a day in Panama stood at 0.2%.

The figure is down 29.4% on the previous year and down 65.6% over ten years.

Over the whole period, poverty: share of population living on less than $1 a day in Panama peaked at 16.1% in 1989 and was at its lowest, 0.0%, in 1979.

Panama ranks 53rd of 120 countries on this measure, in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
1970s 0.0% 0.0% 0.0% 1
1980s 16.1% 16.1% 16.1% 1
1990s 10.2% 8.0% 13.6% 5
2000s 3.1% 0.3% 7.6% 10
2010s 0.4% 0.2% 0.7% 10
2020s 0.3% 0.2% 0.4% 3

Countries ranked near Panama

  1. 50 Chile 0.2% compare
  2. 51 Nicaragua 0.2% compare
  3. 52 Israel 0.2% compare
  4. 54 Slovakia 0.2% compare
  5. 55 Cote d'Ivoire 0.2% compare
  6. 56 Guinea 0.2% compare

See the full ranking of 120 places →

More reference data data for Panama

All data for Panama →

Frequently asked questions

What is poverty: share of population living on less than $1 a day in Panama?
Poverty: share of population living on less than $1 a day in Panama was 0.2% in 2024, according to World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data.
What is the highest poverty: share of population living on less than $1 a day recorded in Panama?
The highest recorded value was 16.1% in 1989.
What is the lowest poverty: share of population living on less than $1 a day recorded in Panama?
The lowest recorded value was 0.0% in 1979.
How does Panama rank for poverty: share of population living on less than $1 a day?
Panama ranks 53rd out of 120 countries with data for 2024.
Is poverty: share of population living on less than $1 a day rising or falling in Panama?
Over the last ten years it is down 65.6%. The long-run trend across the full record is volatile.
Where does this Panama data come from?
The figures come from World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data, published as part of Poverty: Share of population living on less than $1 a day. Statizoid updates them automatically from the source API.

Download this data

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About this data

Indicator
Poverty: Share of population living on less than $1 a day
Unit
%
Source
World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
120 places, 2,148 data points, 1963–2025
Last refreshed

Percentage of population living in households with an income or consumption below $1 per day.