In 2019, Panama ranked fifth in digital readiness among Latin American and Caribbean countries, with an index score of 12.74 out of 25. Of the seven components analyzed, the one with the highest score in the South American country was the ability to meet the inhabitants' basic needs, in which it obtained 3.57 index points out of a total of four possible. The ease of doing business came in second, with a score of 2.68 out of four, followed by the country's human capital, with 2.49 points out of four.
The digital readiness index was analyzed using multiple components, from fulfilling an inhabitant’s basic needs and improving their education to achieving a good business and start-up environment and investing in progressive technology infrastructure.
Digital readiness index score in Panama in 2019, by type of component
Seven different components were analyzed to build a complete picture of a country’s digital readiness, including: technology infrastructure and technology adoption, ease of doing business, human capital development, business and government investment, basic human needs, and start-up environment. Each country’s score provides insight into its overall progress towards digital readiness with a possible maximum score of 25.
"Activate" stage averaged a digital readiness score of 6.24. It means that the country is in the earliest steps of their digital journey.
"Accelerate" stage averaged a digital readiness score of 11.82. It means that the country that had taken some steps forward, but had significant opportunities to accelerate or improve in their digital readiness.
"Amplify" stage averaged a digital readiness score of 17.89. However, this stage is no guarantee of ongoing digital readiness leadership.
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Cisco Systems. (January 15, 2020). Digital readiness index score in Panama in 2019, by type of component [Graph]. In Statista. Retrieved November 05, 2024, from https://www.statista.com/statistics/1147377/panama-digital-readiness-index/
Cisco Systems. "Digital readiness index score in Panama in 2019, by type of component." Chart. January 15, 2020. Statista. Accessed November 05, 2024. https://www.statista.com/statistics/1147377/panama-digital-readiness-index/
Cisco Systems. (2020). Digital readiness index score in Panama in 2019, by type of component. Statista. Statista Inc.. Accessed: November 05, 2024. https://www.statista.com/statistics/1147377/panama-digital-readiness-index/
Cisco Systems. "Digital Readiness Index Score in Panama in 2019, by Type of Component." Statista, Statista Inc., 15 Jan 2020, https://www.statista.com/statistics/1147377/panama-digital-readiness-index/
Cisco Systems, Digital readiness index score in Panama in 2019, by type of component Statista, https://www.statista.com/statistics/1147377/panama-digital-readiness-index/ (last visited November 05, 2024)
Digital readiness index score in Panama in 2019, by type of component [Graph], Cisco Systems, January 15, 2020. [Online]. Available: https://www.statista.com/statistics/1147377/panama-digital-readiness-index/