Poverty gap index at $3 a day in Panama
Panama: Poverty gap index at $3 a day was 0.8% in 2024. ◆ Volatile
Poverty gap index at $3 a day in Panama, 1979–2024
Source: World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data. Measured in %.
Analysis
In 2024, poverty gap index at $3 a day in Panama stood at 0.8%. That is the lowest value across all 30 years on record.
That represents a change of down 26.3% on the previous year and down 63.1% over ten years.
Over the whole period, poverty gap index at $3 a day in Panama peaked at 18.4% in 1989 and was at its lowest, 0.8%, in 2024.
That places Panama 47th out of 120 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Poverty gap index at $3 a day in Panama, year by year
| Year | % | Change |
|---|---|---|
| 1979 | 4.5% | — |
| 1989 | 18.4% | +304.0% |
| 1991 | 16.3% | -11.2% |
| 1995 | 12.6% | -22.6% |
| 1997 | 11.2% | -11.1% |
| 1998 | 11.6% | +3.2% |
| 1999 | 10.0% | -13.5% |
| 2000 | 8.5% | -15.1% |
| 2001 | 10.6% | +24.9% |
| 2002 | 7.1% | -32.9% |
| 2003 | 7.2% | +1.0% |
| 2004 | 6.4% | -10.6% |
| 2005 | 6.1% | -4.6% |
| 2006 | 6.9% | +12.5% |
| 2007 | 4.8% | -30.1% |
| 2008 | 3.0% | -37.0% |
| 2009 | 1.9% | -36.7% |
| 2010 | 2.6% | +35.6% |
| 2011 | 1.9% | -26.8% |
| 2012 | 2.5% | +33.1% |
| 2013 | 1.8% | -31.0% |
| 2014 | 2.2% | +24.2% |
| 2015 | 1.3% | -39.5% |
| 2016 | 1.4% | +2.4% |
| 2017 | 1.6% | +16.3% |
| 2018 | 1.1% | -28.2% |
| 2019 | 0.9% | -23.4% |
| 2021 | 1.1% | +21.7% |
| 2023 | 1.1% | +4.0% |
| 2024 | 0.8% | -26.3% |
Panama compared with similar countries
- Panama's 0.8% is above the median for high income countries, which is 0.2%, 4.1× the median. (42 countries reporting)
- Panama's 0.8% is below the median for Latin America & Caribbean, which is 0.9%, 90% of the median. (18 countries reporting)
Biggest year-on-year movements
Years where Poverty gap index at $3 a day in Panama changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1989 | +304.0% | 4.5% | 18.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.5% | 4.5% | 4.5% | 1 |
| 1980s | 18.4% | 18.4% | 18.4% | 1 |
| 1990s | 12.4% | 10.0% | 16.3% | 5 |
| 2000s | 6.3% | 1.9% | 10.6% | 10 |
| 2010s | 1.7% | 0.9% | 2.6% | 10 |
| 2020s | 1.0% | 0.8% | 1.1% | 3 |
Countries ranked near Panama
More poverty & inequality data for Panama
- Number of income/consumption surveys in the past decade available via the World Bank 7 surveys (2025)
- Number of income/consumption surveys in the past decade available via 0 surveys per person (2025)
- Number of income/consumption surveys in the past decade available via 0 surveys per US$ of GDP (2025)
- Fertility rate vs. share living in extreme poverty 2.12 live births per woman (2023)
- Cereal yield vs. share in extreme poverty 4,226 kg per hectare (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 revenue as share of GDP vs. income inequality 12.5% (2023)
- Tax revenues vs income inequality, per unit of GDP 0 units per US$ of GDP (2023)
Frequently asked questions
- What is poverty gap index at $3 a day in Panama?
- Poverty gap index at $3 a day in Panama was 0.8% in 2024, according to World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data.
- What is the highest poverty gap index at $3 a day recorded in Panama?
- The highest recorded value was 18.4% in 1989.
- What is the lowest poverty gap index at $3 a day recorded in Panama?
- The lowest recorded value was 0.8% in 2024.
- How does Panama rank for poverty gap index at $3 a day?
- Panama ranks 47th out of 120 countries with data for 2024.
- Is poverty gap index at $3 a day rising or falling in Panama?
- Over the last ten years it is down 63.1%. 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 gap index at $3 a day. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
The poverty gap index is a poverty measure that reflects both the prevalence and the depth of poverty. It is calculated as the share of population in poverty multiplied by the average shortfall from the poverty line (expressed as a % of the poverty line).