Poverty: Share of population living on less than $8.30 a day in Panama
Panama: Poverty: Share of population living on less than $8.30 a day was 19.8% in 2024. ▼ Falling
Poverty: Share of population living on less than $8.30 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
The most recent figure for poverty: share of population living on less than $8.30 a day in Panama is 19.8%, measured in 2024.
Compared with earlier readings it is down 0.1% on the previous year and down 18.8% over ten years.
Over the whole period, poverty: share of population living on less than $8.30 a day in Panama peaked at 59.9% in 1989 and was at its lowest, 17.8%, in 2019.
That places Panama 64th out of 120 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: Share of population living on less than $8.30 a day in Panama, year by year
| Year | % | Change |
|---|---|---|
| 1979 | 51.8% | — |
| 1989 | 59.9% | +15.5% |
| 1991 | 59.2% | -1.1% |
| 1995 | 48.9% | -17.4% |
| 1997 | 49.7% | +1.6% |
| 1998 | 50.2% | +1.0% |
| 1999 | 47.7% | -4.9% |
| 2000 | 46.3% | -3.0% |
| 2001 | 50.6% | +9.3% |
| 2002 | 47.9% | -5.4% |
| 2003 | 46.8% | -2.3% |
| 2004 | 45.3% | -3.1% |
| 2005 | 44.5% | -1.8% |
| 2006 | 44.5% | -0.1% |
| 2007 | 41.2% | -7.4% |
| 2008 | 33.2% | -19.4% |
| 2009 | 32.3% | -2.9% |
| 2010 | 30.2% | -6.3% |
| 2011 | 27.1% | -10.3% |
| 2012 | 26.6% | -1.7% |
| 2013 | 26.0% | -2.4% |
| 2014 | 24.4% | -6.2% |
| 2015 | 22.0% | -9.9% |
| 2016 | 20.6% | -6.0% |
| 2017 | 20.7% | +0.2% |
| 2018 | 18.5% | -10.8% |
| 2019 | 17.8% | -3.7% |
| 2021 | 20.3% | +14.1% |
| 2023 | 19.8% | -2.3% |
| 2024 | 19.8% | -0.1% |
Panama compared with similar countries
- Panama's 19.8% is above the median for high income countries, which is 1.5%, 13.3× the median. (42 countries reporting)
- Panama's 19.8% is below the median for Latin America & Caribbean, which is 22.1%, 89% of the median. (18 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 51.8% | 51.8% | 51.8% | 1 |
| 1980s | 59.9% | 59.9% | 59.9% | 1 |
| 1990s | 51.1% | 47.7% | 59.2% | 5 |
| 2000s | 43.3% | 32.3% | 50.6% | 10 |
| 2010s | 23.4% | 17.8% | 30.2% | 10 |
| 2020s | 20.0% | 19.8% | 20.3% | 3 |
Countries ranked near Panama
More poverty & inequality data for Panama
- Number of income/consumption surveys in the past decade available via the World Bank 7 surveys (2025)
- Number of income/consumption surveys in the past decade available via 0 surveys per person (2025)
- Number of income/consumption surveys in the past decade available via 0 surveys per US$ 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: share of population living on less than $8.30 a day in Panama?
- Poverty: share of population living on less than $8.30 a day in Panama was 19.8% in 2024, according to World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data.
- What is the highest poverty: share of population living on less than $8.30 a day recorded in Panama?
- The highest recorded value was 59.9% in 1989.
- What is the lowest poverty: share of population living on less than $8.30 a day recorded in Panama?
- The lowest recorded value was 17.8% in 2019.
- How does Panama rank for poverty: share of population living on less than $8.30 a day?
- Panama ranks 64th out of 120 countries with data for 2024.
- Is poverty: share of population living on less than $8.30 a day rising or falling in Panama?
- Over the last ten years it is down 18.8%. 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 (2026) – with major processing by Our World in Data, published as part of Poverty: Share of population living on less than $8.30 a day. Statizoid updates them automatically from the source API.
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About this data
Percentage of population living in households with an income or consumption below $8.30 per day.