Income share held by second 20% in Panama
Panama: Income share held by second 20% was 8.0% in 2024. ▲ Rising
Income share held by second 20% in Panama, 1979–2024
Source: World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income econ.
Analysis
In 2024, income share held by second 20% in Panama stood at 8.0%.
That represents a change of down 4.8% on the previous year and down 1.2% over ten years.
Over the whole period, income share held by second 20% in Panama peaked at 8.4% in 2023 and was at its lowest, 5.6%, in 1989.
That places Panama 117th out of 121 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 30 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.9% | 7.9% | 7.9% | 1 |
| 1980s | 5.6% | 5.6% | 5.6% | 1 |
| 1990s | 6.3% | 5.9% | 6.6% | 5 |
| 2000s | 6.9% | 6.3% | 7.6% | 10 |
| 2010s | 8.0% | 7.7% | 8.3% | 10 |
| 2020s | 8.1% | 7.9% | 8.4% | 3 |
Countries ranked near Panama
More poverty & inequality data for Panama
- Poverty headcount ratio at $8.30 a day (2021 PPP) 19.8% (2024)
- Poverty headcount ratio at $4.20 a day (2021 PPP) 6.8% (2024)
- Poverty headcount ratio at $3.00 a day (2021 PPP) 3.1% (2024)
- Poverty gap at $3.00 a day (2021 PPP) 0.8% (2024)
- Prosperity gap 2.4 average shortfall from a prosperity standard of $28/day (2024)
- Poverty gap at $8.30 a day (2021 PPP) 7.5% (2024)
- Poverty headcount ratio at societal poverty line 27.0% (2024)
- Poverty gap at $4.20 a day (2021 PPP) 2.0% (2024)
- Population living in slums 16.3% (2022)
- Income share held by third 20% 13.0% (2024)
Frequently asked questions
- What is income share held by second 20% in Panama?
- Income share held by second 20% in Panama was 8.0% in 2024, according to World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income econ.
- What is the highest income share held by second 20% recorded in Panama?
- The highest recorded value was 8.4% in 2023.
- What is the lowest income share held by second 20% recorded in Panama?
- The lowest recorded value was 5.6% in 1989.
- How does Panama rank for income share held by second 20%?
- Panama ranks 117th out of 121 countries with data for 2024.
- Is income share held by second 20% rising or falling in Panama?
- Over the last ten years it is down 1.2%. 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. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income econ, published as part of Income share held by second 20%. Statizoid updates them automatically from the source API.
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About this data
Percentage share of income or consumption is the share that accrues to subgroups of population indicated by deciles or quintiles. Percentage shares by quintile may not sum to 100 because of rounding.