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 55th out of 123 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.
Poverty gap at $8.30 a day (2021 PPP) in Panama, year by year
| Year | % | Change |
|---|---|---|
| 1979 | 24.2% | — |
| 1989 | 36.2% | +49.6% |
| 1991 | 34.1% | -5.8% |
| 1995 | 27.5% | -19.4% |
| 1997 | 26.6% | -3.3% |
| 1998 | 26.9% | +1.1% |
| 1999 | 24.9% | -7.4% |
| 2000 | 23.4% | -6.0% |
| 2001 | 27.2% | +16.2% |
| 2002 | 24.0% | -11.8% |
| 2003 | 23.3% | -2.9% |
| 2004 | 22.3% | -4.3% |
| 2005 | 21.7% | -2.7% |
| 2006 | 22.0% | +1.4% |
| 2007 | 19.2% | -12.7% |
| 2008 | 14.4% | -25.0% |
| 2009 | 13.3% | -7.6% |
| 2010 | 13.3% | +0.0% |
| 2011 | 11.2% | -15.8% |
| 2012 | 11.7% | +4.5% |
| 2013 | 10.8% | -7.7% |
| 2014 | 10.5% | -2.8% |
| 2015 | 9.0% | -14.3% |
| 2016 | 8.7% | -3.3% |
| 2017 | 8.5% | -2.3% |
| 2018 | 7.4% | -12.9% |
| 2019 | 7.0% | -5.4% |
| 2021 | 7.6% | +8.6% |
| 2023 | 7.7% | +1.3% |
| 2024 | 7.5% | -2.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 24.2% | 24.2% | 24.2% | 1 |
| 1980s | 36.2% | 36.2% | 36.2% | 1 |
| 1990s | 28.0% | 24.9% | 34.1% | 5 |
| 2000s | 21.1% | 13.3% | 27.2% | 10 |
| 2010s | 9.8% | 7.0% | 13.3% | 10 |
| 2020s | 7.6% | 7.5% | 7.7% | 3 |
Countries ranked near Panama
- 52 Ecuador 10.1% compare
- 53 Palestine, State of 8.9% compare
- 54 North Macedonia 7.9% compare
- 55 Brazil 7.5% compare
- 57 Jamaica 7.0% compare
- 58 Azerbaijan 6.5% compare
- 58 Viet Nam 6.5% compare
More poverty & inequality data for Panama
- Data deprivation poverty surveys per decade 7 (2025)
- Fertility rate vs the share living in extreme poverty 2.12 (2023)
- Cereal yield vs extreme poverty 4,226 (2024)
- Cereal yield vs extreme poverty, per unit of GDP 0 units per US$ of GDP (2024)
- Cereal yield vs extreme poverty, annual growth rate -5.59 % change on previous year (2024)
- Tax revenues vs income inequality, gaps filled 12.5 (2023)
- Tax revenues vs income inequality 12.5 (2023)
- Tax revenues vs income inequality, per unit of GDP 0 units per US$ of GDP (2023)
- Tax revenues vs income inequality, annual growth rate -0.7937 % change on previous year (2023)
- Gender inequality index from the human development report 0.374 (2023)
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 55th out of 123 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.
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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.