Total shortfall from extreme poverty in Panama
Panama: Total shortfall from extreme poverty was 39.84 million international-$ in 2021 prices in 2024. ◆ Volatile
Total shortfall from extreme poverty in Panama, 1979–2024
Source: World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
In 2024, total shortfall from extreme poverty in Panama stood at 39.84 million international-$ in 2021 prices. That is the lowest value across all 30 years on record.
The figure is down 25.4% on the previous year and down 57.2% over ten years.
Over the whole period, total shortfall from extreme poverty in Panama peaked at 483.64 million international-$ in 2021 prices in 1989 and was at its lowest, 39.84 million international-$ in 2021 prices, in 2024.
Panama ranks 66th of 120 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 95.20 million international-$ in 2021 prices | 95.20 million international-$ in 2021 prices | 95.20 million international-$ in 2021 prices | 1 |
| 1980s | 483.64 million international-$ in 2021 prices | 483.64 million international-$ in 2021 prices | 483.64 million international-$ in 2021 prices | 1 |
| 1990s | 372.82 million international-$ in 2021 prices | 323.73 million international-$ in 2021 prices | 448.09 million international-$ in 2021 prices | 5 |
| 2000s | 221.44 million international-$ in 2021 prices | 75.27 million international-$ in 2021 prices | 356.96 million international-$ in 2021 prices | 10 |
| 2010s | 73.20 million international-$ in 2021 prices | 40.08 million international-$ in 2021 prices | 104.88 million international-$ in 2021 prices | 10 |
| 2020s | 47.76 million international-$ in 2021 prices | 39.84 million international-$ in 2021 prices | 53.40 million international-$ in 2021 prices | 3 |
Countries ranked near Panama
- 63 Poland 54.00 million international-$ in 2021 prices compare
- 64 Romania 52.81 million international-$ in 2021 prices compare
- 65 Hungary 50.24 million international-$ in 2021 prices compare
- 67 Turkey 39.66 million international-$ in 2021 prices compare
- 68 Austria 39.26 million international-$ in 2021 prices compare
- 69 Georgia 37.23 million international-$ in 2021 prices compare
More poverty & inequality data for Panama
- Number of income/consumption surveys in the past decade available via the World Bank 7 surveys (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)
- Tax revenue as share of GDP vs. income inequality 12.5% (2023)
- Gender Inequality Index 0.374 (2023)
- Lifespan inequality: Gini coefficient in women 0.1014 (2023)
- Lifespan inequality: Gini coefficient by sex 0.1014 (2023)
- Lifespan inequality: Gini coefficient in men 0.1243 (2023)
- Share of government consumption in GDP vs. share of population living in extreme poverty 14.3% (2023)
- Income inequality: Atkinson index 0.3887 (2023)
Frequently asked questions
- What is total shortfall from extreme poverty in Panama?
- Total shortfall from extreme poverty in Panama was 39.84 million international-$ in 2021 prices in 2024, according to World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data.
- What is the highest total shortfall from extreme poverty recorded in Panama?
- The highest recorded value was 483.64 million international-$ in 2021 prices in 1989.
- What is the lowest total shortfall from extreme poverty recorded in Panama?
- The lowest recorded value was 39.84 million international-$ in 2021 prices in 2024.
- How does Panama rank for total shortfall from extreme poverty?
- Panama ranks 66th out of 120 countries with data for 2024.
- Is total shortfall from extreme poverty rising or falling in Panama?
- Over the last ten years it is down 57.2%. 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 Total shortfall from extreme poverty. Statizoid updates them automatically from the source API.
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About this data
This is the amount of money that would be theoretically needed to lift the income or consumption of all people in poverty up to $3 per day. However, this is not a measure of the actual cost of eliminating poverty, since it does not take into account the costs involved in making the necessary transfers nor any changes in behavior they would bring about.