Income share of the richest 10% before and after tax in Panama
Panama: Income share of the richest 10% before and after tax was 33.5% in 2019. ▼ Falling
Income share of the richest 10% before and after tax in Panama, 1996–2019
Source: Luxembourg Income Study (2026) – with minor processing by Our World in Data. Measured in %.
Analysis
In 2019, income share of the richest 10% before and after tax in Panama stood at 33.5%.
The figure is up 2.1% on the previous year and down 5.0% over ten years.
Over the whole period, income share of the richest 10% before and after tax in Panama peaked at 39.0% in 2003 and was at its lowest, 32.9%, in 2018.
Panama ranks 6th of 48 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 24 years of available data.
Income share of the richest 10% before and after tax in Panama, year by year
| Year | % | Change |
|---|---|---|
| 1996 | 37.6% | — |
| 1997 | 38.9% | +3.4% |
| 1998 | 38.0% | -2.4% |
| 1999 | 37.3% | -1.8% |
| 2000 | 38.8% | +3.9% |
| 2001 | 38.4% | -0.8% |
| 2002 | 38.9% | +1.3% |
| 2003 | 39.0% | +0.1% |
| 2004 | 37.7% | -3.3% |
| 2005 | 36.7% | -2.7% |
| 2006 | 37.4% | +2.0% |
| 2007 | 35.8% | -4.3% |
| 2008 | 35.6% | -0.6% |
| 2009 | 35.3% | -0.8% |
| 2010 | 35.4% | +0.2% |
| 2011 | 35.7% | +0.9% |
| 2012 | 35.2% | -1.4% |
| 2013 | 34.6% | -1.7% |
| 2014 | 32.9% | -4.7% |
| 2015 | 34.5% | +4.7% |
| 2016 | 33.5% | -2.7% |
| 2017 | 33.1% | -1.3% |
| 2018 | 32.9% | -0.7% |
| 2019 | 33.5% | +2.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 38.0% | 37.3% | 38.9% | 4 |
| 2000s | 37.4% | 35.3% | 39.0% | 10 |
| 2010s | 34.1% | 32.9% | 35.7% | 10 |
Countries ranked near Panama
More economy & growth data for Panama
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.82 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4 Percent per annum (2029)
- Services, value added (constant LCU), per capita 13,098 constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 0.1934 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 4.56 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9754 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 19,303 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 4.56 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.9754 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 19,303 current LCU per person (2025)
Frequently asked questions
- What is income share of the richest 10% before and after tax in Panama?
- Income share of the richest 10% before and after tax in Panama was 33.5% in 2019, according to Luxembourg Income Study (2026) – with minor processing by Our World in Data.
- What is the highest income share of the richest 10% before and after tax recorded in Panama?
- The highest recorded value was 39.0% in 2003.
- What is the lowest income share of the richest 10% before and after tax recorded in Panama?
- The lowest recorded value was 32.9% in 2018.
- How does Panama rank for income share of the richest 10% before and after tax?
- Panama ranks 6th out of 48 countries with data for 2019.
- Is income share of the richest 10% before and after tax rising or falling in Panama?
- Over the last ten years it is down 5.0%. The long-run trend across the full record is falling.
- Where does this Panama data come from?
- The figures come from Luxembourg Income Study (2026) – with minor processing by Our World in Data, published as part of Income share of the richest 10% before and after tax. Statizoid updates them automatically from the source API.
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About this data
Share of income received by the richest decile (tenth of the population).