Country fact sheet

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Panama

  • Basic country data

  • Population over 60 in 2010:
  • 430,206 (10%)
  • Projected population over 60 in 2050:
  • 1,414,873 (26%)
  • Poverty rate of total population:
  • 9%
  • Income of country:
  • Upper middle income
  • Social pension?
  • Yes
  • Scheme information

  • Scheme information: 120 a los 65
  • Year introduced:
  • 2009
  • Monthly pension benefit:
  • 120 Balboas (120 US$)
  • 12.15 % of average income
  • 358 % of international poverty line
  • Age of eligiblity:
  • 65.0
  • Targeting:
  • Pensions-tested
  • % of population over 60 covered:
  • 22%
  • Total cost:
  • 0.17% of GDP

Resources on the pension in Panama

Pension calculator

Calculate the cost of a universal social pension in Panama .

Visit the Pension Calculator

Notes