Panamanian Per Capita Income
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Panamanian
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Per Capita Income
Panamanian Per Capita Income
$42,035
PER CAPITA INCOME
13.9/ 100
METRIC RATING
208th/ 347
METRIC RANK
Panamanian Per Capita Income Correlation Chart
The statistical analysis conducted on geographies consisting of 281,258,630 people shows a mild negative correlation between the proportion of Panamanians and per capita income in the United States with a correlation coefficient (R) of -0.306 and weighted average of $42,035. On average, for every 1% (one percent) increase in Panamanians within a typical geography, there is a decrease of $585 in per capita income.
It is essential to understand that the correlation between the percentage of Panamanians and per capita income does not imply a direct cause-and-effect relationship. It remains uncertain whether the presence of Panamanians influences an upward or downward trend in the level of per capita income within an area, or if Panamanians simply ended up residing in those areas with higher or lower levels of per capita income due to other factors.
Demographics Similar to Panamanians by Per Capita Income
In terms of per capita income, the demographic groups most similar to Panamanians are Venezuelan ($42,074, a difference of 0.090%), Immigrants from Sudan ($41,986, a difference of 0.12%), Ecuadorian ($41,958, a difference of 0.18%), Ghanaian ($42,164, a difference of 0.31%), and White/Caucasian ($42,180, a difference of 0.35%).
| Demographics | Rating | Rank | Per Capita Income |
| Immigrants from Thailand | 17.6 /100 | #201 | Poor $42,289 |
| Immigrants from Bosnia and Herzegovina | 17.5 /100 | #202 | Poor $42,278 |
| Spanish | 17.0 /100 | #203 | Poor $42,249 |
| Aleuts | 16.4 /100 | #204 | Poor $42,210 |
| Whites/Caucasians | 15.9 /100 | #205 | Poor $42,180 |
| Ghanaians | 15.7 /100 | #206 | Poor $42,164 |
| Venezuelans | 14.4 /100 | #207 | Poor $42,074 |
| Panamanians | 13.9 /100 | #208 | Poor $42,035 |
| Immigrants from Sudan | 13.2 /100 | #209 | Poor $41,986 |
| Ecuadorians | 12.9 /100 | #210 | Poor $41,958 |
| Immigrants from Panama | 11.6 /100 | #211 | Poor $41,853 |
| Immigrants from Senegal | 11.3 /100 | #212 | Poor $41,830 |
| Immigrants from Venezuela | 10.2 /100 | #213 | Poor $41,727 |
| Immigrants from Bangladesh | 10.1 /100 | #214 | Poor $41,709 |
| Sudanese | 9.9 /100 | #215 | Tragic $41,695 |
Panamanian Per Capita Income Correlation Summary
| Measurement | Panamanian Data | Per Capita Income Data |
| Minimum | 0.062% | $15,844 |
| Maximum | 41.8% | $86,907 |
| Range | 41.7% | $71,063 |
| Mean | 7.2% | $39,085 |
| Median | 5.3% | $37,643 |
| Interquartile 25% (IQ1) | 2.3% | $29,415 |
| Interquartile 75% (IQ3) | 9.2% | $45,746 |
| Interquartile Range (IQR) | 6.9% | $16,331 |
| Standard Deviation (Sample) | 7.6% | $14,450 |
| Standard Deviation (Population) | 7.5% | $14,333 |
Correlation Details
| Panamanian Percentile | Sample Size | Per Capita Income |
[ 0.0% - 0.5% ] 0.062% | 200,184,779 | $42,356 |
[ 0.0% - 0.5% ] 0.22% | 51,433,858 | $42,985 |
[ 0.0% - 0.5% ] 0.36% | 14,332,242 | $41,575 |
[ 0.5% - 1.0% ] 0.52% | 6,352,127 | $39,104 |
[ 0.5% - 1.0% ] 0.67% | 3,220,964 | $41,874 |
[ 0.5% - 1.0% ] 0.83% | 1,903,703 | $38,888 |
[ 0.5% - 1.0% ] 0.97% | 1,416,258 | $37,817 |
[ 1.0% - 1.5% ] 1.12% | 613,930 | $48,898 |
[ 1.0% - 1.5% ] 1.27% | 556,852 | $48,982 |
[ 1.0% - 1.5% ] 1.43% | 350,072 | $38,239 |
[ 1.5% - 2.0% ] 1.55% | 430,612 | $38,045 |
[ 1.5% - 2.0% ] 1.70% | 128,561 | $41,283 |
[ 1.5% - 2.0% ] 1.91% | 44,469 | $49,006 |
[ 2.0% - 2.5% ] 2.03% | 53,753 | $56,659 |
[ 2.0% - 2.5% ] 2.23% | 19,518 | $35,151 |
[ 2.0% - 2.5% ] 2.33% | 42,195 | $43,853 |
[ 2.5% - 3.0% ] 2.50% | 9,621 | $49,168 |
[ 2.5% - 3.0% ] 2.65% | 15,381 | $48,620 |
[ 2.5% - 3.0% ] 2.78% | 36,578 | $36,960 |
[ 2.5% - 3.0% ] 2.95% | 9,502 | $58,723 |
[ 3.0% - 3.5% ] 3.11% | 30,267 | $45,043 |
[ 3.0% - 3.5% ] 3.27% | 8,559 | $32,962 |
[ 3.0% - 3.5% ] 3.37% | 13,798 | $63,291 |
[ 3.5% - 4.0% ] 3.52% | 654 | $32,027 |
[ 3.5% - 4.0% ] 3.66% | 1,258 | $30,261 |
[ 4.0% - 4.5% ] 4.15% | 4,550 | $30,509 |
[ 4.0% - 4.5% ] 4.36% | 482 | $42,021 |
[ 4.0% - 4.5% ] 4.41% | 5,009 | $29,415 |
[ 4.5% - 5.0% ] 4.60% | 631 | $26,234 |
[ 4.5% - 5.0% ] 4.71% | 4,033 | $21,671 |
[ 5.0% - 5.5% ] 5.26% | 171 | $16,737 |
[ 5.0% - 5.5% ] 5.39% | 7,901 | $55,352 |
[ 5.0% - 5.5% ] 5.42% | 166 | $31,958 |
[ 5.5% - 6.0% ] 5.58% | 807 | $24,739 |
[ 5.5% - 6.0% ] 5.75% | 991 | $23,619 |
[ 5.5% - 6.0% ] 5.99% | 7,779 | $75,950 |
[ 6.0% - 6.5% ] 6.29% | 874 | $86,907 |
[ 6.5% - 7.0% ] 6.60% | 1,439 | $29,104 |
[ 6.5% - 7.0% ] 6.90% | 507 | $27,550 |
[ 7.0% - 7.5% ] 7.06% | 1,841 | $27,323 |
[ 7.0% - 7.5% ] 7.28% | 1,072 | $77,972 |
[ 7.0% - 7.5% ] 7.43% | 323 | $28,880 |
[ 7.5% - 8.0% ] 7.58% | 396 | $67,083 |
[ 7.5% - 8.0% ] 7.89% | 2,724 | $29,917 |
[ 8.0% - 8.5% ] 8.02% | 1,047 | $31,026 |
[ 8.0% - 8.5% ] 8.49% | 318 | $32,348 |
[ 9.0% - 9.5% ] 9.24% | 357 | $15,844 |
[ 9.0% - 9.5% ] 9.41% | 202 | $27,524 |
[ 9.5% - 10.0% ] 9.73% | 514 | $45,917 |
[ 9.5% - 10.0% ] 9.84% | 183 | $28,326 |
[ 10.0% - 10.5% ] 10.00% | 740 | $30,566 |
[ 11.5% - 12.0% ] 11.58% | 1,002 | $37,469 |
[ 12.5% - 13.0% ] 12.59% | 135 | $45,746 |
[ 13.5% - 14.0% ] 13.58% | 972 | $45,981 |
[ 14.5% - 15.0% ] 14.61% | 219 | $42,589 |
[ 15.5% - 16.0% ] 15.70% | 414 | $41,627 |
[ 16.5% - 17.0% ] 16.89% | 296 | $34,965 |
[ 18.0% - 18.5% ] 18.29% | 175 | $33,659 |
[ 22.5% - 23.0% ] 22.97% | 74 | $33,918 |
[ 23.0% - 23.5% ] 23.10% | 381 | $23,284 |
[ 30.0% - 30.5% ] 30.08% | 133 | $20,282 |
[ 41.5% - 42.0% ] 41.76% | 261 | $17,513 |