Prosperity gap (average shortfall from a prosperity standard) in Panama
Panama: Prosperity gap (average shortfall from a prosperity standard) 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
66th
of 123 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
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 66th of 123 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.
Prosperity gap (average shortfall from a prosperity standard) in Panama, year by year
| Year | average shortfall from a prosperity standard of $28/day | Change |
|---|---|---|
| 1979 | 5.1 average shortfall from a prosperity standard of $28/day | — |
| 1989 | 17.7 average shortfall from a prosperity standard of $28/day | +247.1% |
| 1991 | 15.2 average shortfall from a prosperity standard of $28/day | -14.1% |
| 1995 | 12.8 average shortfall from a prosperity standard of $28/day | -15.8% |
| 1997 | 10.9 average shortfall from a prosperity standard of $28/day | -14.8% |
| 1998 | 11.6 average shortfall from a prosperity standard of $28/day | +6.4% |
| 1999 | 10.5 average shortfall from a prosperity standard of $28/day | -9.5% |
| 2000 | 8.3 average shortfall from a prosperity standard of $28/day | -21.0% |
| 2001 | 9.3 average shortfall from a prosperity standard of $28/day | +12.0% |
| 2002 | 6.5 average shortfall from a prosperity standard of $28/day | -30.1% |
| 2003 | 6.5 average shortfall from a prosperity standard of $28/day | +0.0% |
| 2004 | 6 average shortfall from a prosperity standard of $28/day | -7.7% |
| 2005 | 5.9 average shortfall from a prosperity standard of $28/day | -1.7% |
| 2006 | 6.3 average shortfall from a prosperity standard of $28/day | +6.8% |
| 2007 | 5 average shortfall from a prosperity standard of $28/day | -20.6% |
| 2008 | 3.8 average shortfall from a prosperity standard of $28/day | -24.0% |
| 2009 | 3.5 average shortfall from a prosperity standard of $28/day | -7.9% |
| 2010 | 3.6 average shortfall from a prosperity standard of $28/day | +2.9% |
| 2011 | 3.2 average shortfall from a prosperity standard of $28/day | -11.1% |
| 2012 | 3.4 average shortfall from a prosperity standard of $28/day | +6.2% |
| 2013 | 3.1 average shortfall from a prosperity standard of $28/day | -8.8% |
| 2014 | 3.2 average shortfall from a prosperity standard of $28/day | +3.2% |
| 2015 | 2.8 average shortfall from a prosperity standard of $28/day | -12.5% |
| 2016 | 2.7 average shortfall from a prosperity standard of $28/day | -3.6% |
| 2017 | 2.9 average shortfall from a prosperity standard of $28/day | +7.4% |
| 2018 | 2.5 average shortfall from a prosperity standard of $28/day | -13.8% |
| 2019 | 2.4 average shortfall from a prosperity standard of $28/day | -4.0% |
| 2021 | 2.7 average shortfall from a prosperity standard of $28/day | +12.5% |
| 2023 | 2.6 average shortfall from a prosperity standard of $28/day | -3.7% |
| 2024 | 2.4 average shortfall from a prosperity standard of $28/day | -7.7% |
Panama compared with similar countries
- Panama's 2.4 average shortfall from a prosperity standard of $28/day is above the median for high income countries, which is 1.05 average shortfall from a prosperity standard of $28/day, 2.3× the median. (42 countries reporting)
- Panama's 2.4 average shortfall from a prosperity standard of $28/day is below the median for Latin America & Caribbean, which is 2.55 average shortfall from a prosperity standard of $28/day, 94% of the median. (20 countries reporting)
Biggest year-on-year movements
Years where Prosperity gap (average shortfall from a prosperity standard) 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 | +247.1% | 5.1 average shortfall from a prosperity standard of $28/day | 17.7 average shortfall from a prosperity standard of $28/day |
Averages by decade
| Decade | Average | Lowest | Highest | 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
- 66 Belize 2.4 average shortfall from a prosperity standard of $28/day compare
- 66 Bolivia 2.4 average shortfall from a prosperity standard of $28/day compare
- 66 China 2.4 average shortfall from a prosperity standard of $28/day compare
- 66 Kazakhstan 2.4 average shortfall from a prosperity standard of $28/day compare
- 66 Uzbekistan 2.4 average shortfall from a prosperity standard of $28/day compare
More poverty & inequality data for Panama
- Number of income/consumption surveys in the past decade available via the World Bank 7 surveys (2025)
- Number of income/consumption surveys in the past decade available via 0 surveys per person (2025)
- Number of income/consumption surveys in the past decade available via 0 surveys per US$ 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 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 66th out of 123 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.
Download this data
CSV · JSON — 30 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
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.