Poverty gap at $8.30 a day (2021 PPP) in Panama
Panama: Poverty gap at $8.30 a day (2021 PPP) was 7.5% in 2024. ▼ Falling
Poverty gap at $8.30 a day (2021 PPP) 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. Measured in %.
Analysis
In 2024, poverty gap at $8.30 a day (2021 ppp) in Panama stood at 7.5%.
Compared with earlier readings it is down 2.6% on the previous year and down 28.6% over ten years.
Over the whole period, poverty gap at $8.30 a day (2021 ppp) in Panama peaked at 36.2% in 1989 and was at its lowest, 7.0%, in 2019.
That places Panama 53rd out of 121 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 30 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 24.2% | 24.2% | 24.2% | 1 |
| 1980s | 36.2% | 36.2% | 36.2% | 1 |
| 1990s | 28.0% | 24.9% | 34.1% | 5 |
| 2000s | 21.1% | 13.3% | 27.2% | 10 |
| 2010s | 9.8% | 7.0% | 13.3% | 10 |
| 2020s | 7.6% | 7.5% | 7.7% | 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 gap at $3.00 a day (2021 PPP) 0.8% (2024)
- Poverty headcount ratio at $3.00 a day (2021 PPP) 3.1% (2024)
- Prosperity gap 2.4 average shortfall from a prosperity standard of $28/day (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 second 20% 8.0% (2024)
- Gini index 49.7 (2024)
Frequently asked questions
- What is poverty gap at $8.30 a day (2021 ppp) in Panama?
- Poverty gap at $8.30 a day (2021 ppp) in Panama was 7.5% 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 poverty gap at $8.30 a day (2021 ppp) recorded in Panama?
- The highest recorded value was 36.2% in 1989.
- What is the lowest poverty gap at $8.30 a day (2021 ppp) recorded in Panama?
- The lowest recorded value was 7.0% in 2019.
- How does Panama rank for poverty gap at $8.30 a day (2021 ppp)?
- Panama ranks 53rd out of 121 countries with data for 2024.
- Is poverty gap at $8.30 a day (2021 ppp) rising or falling in Panama?
- Over the last ten years it is down 28.6%. The long-run trend across the full record is falling.
- 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 Poverty gap at $8.30 a day (2021 PPP) (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Poverty gap at $8.30 a day (2021 PPP) is the mean shortfall in income or consumption from the poverty line $8.30 a day (counting the nonpoor as having zero shortfall), expressed as a percentage of the poverty line. This measure reflects the depth of poverty as well as its incidence.