Share of population living in extreme poverty (2017 prices) in Panama
Panama: Share of population living in extreme poverty (2017 prices) was 1.3% in 2023. ◆ Volatile
Share of population living in extreme poverty (2017 prices) in Panama, 1979–2023
Source: World Bank Poverty and Inequality Platform (2024) – with major processing by Our World in Data. Measured in %.
Analysis
In 2023, share of population living in extreme poverty (2017 prices) in Panama stood at 1.3%.
The figure is up 16.2% on the previous year and down 42.6% over ten years.
Over the whole period, share of population living in extreme poverty (2017 prices) in Panama peaked at 22.4% in 1989 and was at its lowest, 1.0%, in 2019.
That places Panama 54th out of 119 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Share of population living in extreme poverty (2017 prices) in Panama, year by year
| Year | % | Change |
|---|---|---|
| 1979 | 6.2% | — |
| 1989 | 22.4% | +261.7% |
| 1991 | 20.1% | -10.3% |
| 1995 | 15.2% | -24.4% |
| 1997 | 14.2% | -6.5% |
| 1998 | 14.5% | +1.8% |
| 1999 | 12.3% | -15.1% |
| 2000 | 11.1% | -9.8% |
| 2001 | 14.0% | +26.9% |
| 2002 | 9.6% | -31.9% |
| 2003 | 9.9% | +3.3% |
| 2004 | 8.7% | -11.5% |
| 2005 | 8.6% | -2.1% |
| 2006 | 9.4% | +9.6% |
| 2007 | 6.7% | -29.0% |
| 2008 | 4.1% | -38.9% |
| 2009 | 2.5% | -37.9% |
| 2010 | 3.4% | +34.2% |
| 2011 | 2.5% | -27.7% |
| 2012 | 3.5% | +41.3% |
| 2013 | 2.2% | -35.2% |
| 2014 | 2.9% | +28.9% |
| 2015 | 1.5% | -47.7% |
| 2016 | 1.5% | +0.2% |
| 2017 | 2.1% | +38.2% |
| 2018 | 1.4% | -33.0% |
| 2019 | 1.0% | -28.6% |
| 2021 | 1.1% | +10.4% |
| 2023 | 1.3% | +16.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.2% | 6.2% | 6.2% | 1 |
| 1980s | 22.4% | 22.4% | 22.4% | 1 |
| 1990s | 15.2% | 12.3% | 20.1% | 5 |
| 2000s | 8.5% | 2.5% | 14.0% | 10 |
| 2010s | 2.2% | 1.0% | 3.5% | 10 |
| 2020s | 1.2% | 1.1% | 1.3% | 2 |
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 share of population living in extreme poverty (2017 prices) in Panama?
- Share of population living in extreme poverty (2017 prices) in Panama was 1.3% in 2023, according to World Bank Poverty and Inequality Platform (2024) – with major processing by Our World in Data.
- What is the highest share of population living in extreme poverty (2017 prices) recorded in Panama?
- The highest recorded value was 22.4% in 1989.
- What is the lowest share of population living in extreme poverty (2017 prices) recorded in Panama?
- The lowest recorded value was 1.0% in 2019.
- How does Panama rank for share of population living in extreme poverty (2017 prices)?
- Panama ranks 54th out of 119 countries with data for 2023.
- Is share of population living in extreme poverty (2017 prices) rising or falling in Panama?
- Over the last ten years it is down 42.6%. 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 (2024) – with major processing by Our World in Data, published as part of Share of population living in extreme poverty (2017 prices). 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 $2.15 per day.