Extreme poverty rate — all countries

Extreme poverty rate — Panama

Extreme poverty rate in Panama in 2024 — 3.1%. Ranked 15 in the world out of 25. Since 1979, the indicator has fallen by 12.5 pp.

2024 3.1% −0.6 pp vs 2023
World rank 15of 25
Period maximum 29.8%1989
Period minimum 2.9%2019

Trend over time

1979–2024 · % of population

Extreme poverty rate — Panama, 1979–2024010203019791984198919941999200420092014201920241979: 15.6%1989: 29.8%1991: 27.1%1995: 21.1%1997: 19.9%1998: 19.8%1999: 17.7%2000: 16.3%2001: 20.8%2002: 17.2%2003: 16.8%2004: 15.5%2005: 14.5%2006: 15.7%2007: 13%2008: 9%2009: 6.6%2010: 7.7%2011: 6.1%2012: 7.4%2013: 5.9%2014: 6.4%2015: 4.8%2016: 4.8%2017: 4.3%2018: 3.7%2019: 2.9%2021: 3.3%2023: 3.7%2024: 3.1%
Change over the period: −12.5 pp Annual average: -0.28 pp

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Panama

Panama 3.1%
World 10.4%
Extreme poverty rate — Panama, by year Panama All countries CSV XLSX
Year % Change, pp
2024 3.1 −0.6 pp
2023 3.7
2021 3.3
2019 2.9 −0.8 pp
2018 3.7 −0.6 pp
2017 4.3 −0.5 pp
2016 4.8 +0 pp
2015 4.8 −1.6 pp
2014 6.4 +0.5 pp
2013 5.9 −1.5 pp
2012 7.4 +1.3 pp
2011 6.1 −1.6 pp
2010 7.7 +1.1 pp
2009 6.6 −2.4 pp
2008 9 −4 pp
2007 13 −2.7 pp
2006 15.7 +1.2 pp
2005 14.5 −1 pp
2004 15.5 −1.3 pp
2003 16.8 −0.4 pp
2002 17.2 −3.6 pp
2001 20.8 +4.5 pp
2000 16.3 −1.4 pp
1999 17.7 −2.1 pp
1998 19.8 −0.1 pp
1997 19.9
1995 21.1
1991 27.1
1989 29.8
1979 15.6

Central America, 2024

The same indicator for neighboring countries — with links to their pages

About the indicator

The share of the population whose consumption or income falls below the international extreme poverty line — $2.15 a day in 2017 prices at purchasing power parity. This is the very indicator by which the first UN Sustainable Development Goal is tracked. The line is revised as the PPP conversion factors are updated, so historical values are recalculated retrospectively.

Important: The estimates are built on household surveys held once every few years; between surveys the values are interpolated.

Source: World Development Indicators (World Bank), license CC BY 4.0.