Panama: Poverty at 1.90 USD per day

The latest value from 2024 is 3.1 percent, a decline from 3.7 percent in 2023. In comparison, the world average is 4.23 percent, based on data from 13 countries. Historically, the average for Panama from 1979 to 2024 is 12.02 percent. The minimum value, 2.9 percent, was reached in 2019 while the maximum of 29.8 percent 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: Poverty headcount ratio at $2.15 a day is the percentage of the population living on less than $2.15 a day at 2017 purchasing power adjusted prices. As a result of revisions in PPP exchange rates, poverty rates for individual countries cannot be compared with poverty rates reported in earlier editions.