Panama: Gini inequality index

The latest value from 2023 is 48.9 index points, a decline from 50.9 index points in 2021. In comparison, the world average is 44.08 index points, based on data from 4 countries. Historically, the average for Panama from 1979 to 2023 is 53.34 index points. The minimum value, 48.7 index points, was reached in 1979 while the maximum of 58.6 index points was recorded in 1989. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

Definition: Gini index measures the extent to which the distribution of income (or, in some cases, consumption expenditure) among individuals or households within an economy deviates from a perfectly equal distribution. A Lorenz curve plots the cumulative percentages of total income received against the cumulative number of recipients, starting with the poorest individual or household. The Gini index measures the area between the Lorenz curve and a hypothetical line of absolute equality, expressed as a percentage of the maximum area under the line. Thus a Gini index of 0 represents perfect equality, while an index of 100 implies perfect inequality.