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Prosperity gap in Panama

Panama: Prosperity gap was 2.4 average shortfall from a prosperity standard of $28/day in 2024. ◆ Volatile

Latest (2024)
2.4 average shortfall from a prosperity standard of $28/day
Change on year
down 7.7%
World rank
64th
of 121 countries
All-time high
17.7 average shortfall from a prosperity standard of $28/day
in 1989
All-time low
2.4 average shortfall from a prosperity standard of $28/day
in 2019
Years of data
30
1979–2024

Prosperity gap in Panama, 1979–2024

051015201979200120241979: 5.1 average shortfall from a prosperity standard of $28/day1989: 17.7 average shortfall from a prosperity standard of $28/day1991: 15.2 average shortfall from a prosperity standard of $28/day1995: 12.8 average shortfall from a prosperity standard of $28/day1997: 10.9 average shortfall from a prosperity standard of $28/day1998: 11.6 average shortfall from a prosperity standard of $28/day1999: 10.5 average shortfall from a prosperity standard of $28/day2000: 8.3 average shortfall from a prosperity standard of $28/day2001: 9.3 average shortfall from a prosperity standard of $28/day2002: 6.5 average shortfall from a prosperity standard of $28/day2003: 6.5 average shortfall from a prosperity standard of $28/day2004: 6 average shortfall from a prosperity standard of $28/day2005: 5.9 average shortfall from a prosperity standard of $28/day2006: 6.3 average shortfall from a prosperity standard of $28/day2007: 5 average shortfall from a prosperity standard of $28/day2008: 3.8 average shortfall from a prosperity standard of $28/day2009: 3.5 average shortfall from a prosperity standard of $28/day2010: 3.6 average shortfall from a prosperity standard of $28/day2011: 3.2 average shortfall from a prosperity standard of $28/day2012: 3.4 average shortfall from a prosperity standard of $28/day2013: 3.1 average shortfall from a prosperity standard of $28/day2014: 3.2 average shortfall from a prosperity standard of $28/day2015: 2.8 average shortfall from a prosperity standard of $28/day2016: 2.7 average shortfall from a prosperity standard of $28/day2017: 2.9 average shortfall from a prosperity standard of $28/day2018: 2.5 average shortfall from a prosperity standard of $28/day2019: 2.4 average shortfall from a prosperity standard of $28/day2021: 2.7 average shortfall from a prosperity standard of $28/day2023: 2.6 average shortfall from a prosperity standard of $28/day2024: 2.4 average shortfall from a prosperity standard of $28/day

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 average shortfall from a prosperity standard of $28/day.

Analysis

Panama recorded 2.4 average shortfall from a prosperity standard of $28/day for prosperity gap in 2024. That is the lowest value across all 30 years on record.

That represents a change of down 7.7% on the previous year and down 25.0% over ten years.

Over the whole period, prosperity gap in Panama peaked at 17.7 average shortfall from a prosperity standard of $28/day in 1989 and was at its lowest, 2.4 average shortfall from a prosperity standard of $28/day, in 2019.

Panama ranks 64th of 121 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 5.1 average shortfall from a prosperity standard of $28/day 5.1 average shortfall from a prosperity standard of $28/day 5.1 average shortfall from a prosperity standard of $28/day 1
1980s 17.7 average shortfall from a prosperity standard of $28/day 17.7 average shortfall from a prosperity standard of $28/day 17.7 average shortfall from a prosperity standard of $28/day 1
1990s 12.2 average shortfall from a prosperity standard of $28/day 10.5 average shortfall from a prosperity standard of $28/day 15.2 average shortfall from a prosperity standard of $28/day 5
2000s 6.11 average shortfall from a prosperity standard of $28/day 3.5 average shortfall from a prosperity standard of $28/day 9.3 average shortfall from a prosperity standard of $28/day 10
2010s 2.98 average shortfall from a prosperity standard of $28/day 2.4 average shortfall from a prosperity standard of $28/day 3.6 average shortfall from a prosperity standard of $28/day 10
2020s 2.57 average shortfall from a prosperity standard of $28/day 2.4 average shortfall from a prosperity standard of $28/day 2.7 average shortfall from a prosperity standard of $28/day 3

Countries ranked near Panama

  1. 64 Belize 2.4 average shortfall from a prosperity standard of $28/day compare
  2. 64 Bolivia 2.4 average shortfall from a prosperity standard of $28/day compare
  3. 64 China 2.4 average shortfall from a prosperity standard of $28/day compare
  4. 64 Kazakhstan 2.4 average shortfall from a prosperity standard of $28/day compare
  5. 64 Uzbekistan 2.4 average shortfall from a prosperity standard of $28/day compare

See the full ranking of 136 places →

More poverty & inequality data for Panama

All data for Panama →

Frequently asked questions

What is prosperity gap in Panama?
Prosperity gap in Panama was 2.4 average shortfall from a prosperity standard of $28/day 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 prosperity gap recorded in Panama?
The highest recorded value was 17.7 average shortfall from a prosperity standard of $28/day in 1989.
What is the lowest prosperity gap recorded in Panama?
The lowest recorded value was 2.4 average shortfall from a prosperity standard of $28/day in 2019.
How does Panama rank for prosperity gap?
Panama ranks 64th out of 121 countries with data for 2024.
Is prosperity gap rising or falling in Panama?
Over the last ten years it is down 25.0%. 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. 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 Prosperity gap (average shortfall from a prosperity standard of $28/day). Statizoid updates them automatically from the source API.

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About this data

Indicator
Prosperity gap (average shortfall from a prosperity standard of $28/day)
Unit
average shortfall from a prosperity standard of $28/day
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
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
136 places, 2,849 data points, 1963–2025
Last refreshed

The average shortfall from a prosperity standard of $28 per day (adjusted for differences in purchasing power parity across countries). It is measured as the average factor by which incomes fall short of $28.