AfghanistanAlbaniaAlgeriaAndorraAngolaAntigua and BarbudaArgentinaArmeniaAustraliaAustriaAzerbaijanBahamasBahrainBangladeshBarbadosBelarusBelgiumBelizeBeninBhutanBoliviaBosnia and HerzegovinaBotswanaBrazilBruneiBulgariaBurkina FasoBurundiCabo VerdeCambodiaCameroonCanadaCentral African RepublicChadChileChinaColombiaComorosCosta RicaCôte d'IvoireCroatiaCubaCyprusCzechiaDemocratic Republic of the CongoDenmarkDjiboutiDominicaDominican RepublicEcuadorEgyptEl SalvadorEquatorial GuineaEritreaEstoniaEswatiniEthiopiaEuro zoneFederated States of MicronesiaFijiFinlandFranceGabonGeorgiaGermanyGhanaGreeceGrenadaGuatemalaGuineaGuinea-BissauGuyanaHaitiHondurasHong KongHungaryIcelandIndiaIndonesiaIranIraqIrelandIsraelItalyJamaicaJapanJordanKazakhstanKenyaKiribatiKuwaitKyrgyzstanLaosLatviaLebanonLesothoLiberiaLibyaLiechtensteinLithuaniaLuxembourgMadagascarMalawiMalaysiaMaldivesMaliMaltaMarshall IslandsMauritaniaMauritiusMexicoMoldovaMonacoMongoliaMontenegroMoroccoMozambiqueMyanmarNamibiaNauruNepalNetherlandsNew ZealandNicaraguaNigerNigeriaNorth KoreaNorth MacedoniaNorwayOmanPakistanPalauPanamaPapua New GuineaParaguayPeruPhilippinesPolandPortugalQatarRepublic of the CongoRomaniaRussiaRwandaSaint Kitts and NevisSaint LuciaSaint Vincent and the GrenadinesSamoaSan MarinoSao Tome and PrincipeSaudi ArabiaSenegalSerbiaSeychellesSierra LeoneSingaporeSlovakiaSloveniaSolomon IslandsSomaliaSouth AfricaSouth KoreaSouth SudanSpainSri LankaState of PalestineSudanSurinameSwedenSwitzerlandSyriaTaiwanTajikistanTanzaniaThailandThe GambiaTimor-LesteTogoTongaTrinidad and TobagoTunisiaTürkiyeTurkmenistanTuvaluUgandaUkraineUnited Arab EmiratesUnited KingdomUnited StatesUruguayUzbekistanVanuatuVenezuelaViet NamYemenZambiaZimbabweAfghanistanAlbaniaAlgeriaAndorraAngolaAntigua and BarbudaArgentinaArmeniaAustraliaAustriaAzerbaijanBahamasBahrainBangladeshBarbadosBelarusBelgiumBelizeBeninBhutanBoliviaBosnia and HerzegovinaBotswanaBrazilBruneiBulgariaBurkina FasoBurundiCabo VerdeCambodiaCameroonCanadaCentral African RepublicChadChileChinaColombiaComorosCosta RicaCôte d'IvoireCroatiaCubaCyprusCzechiaDemocratic Republic of the CongoDenmarkDjiboutiDominicaDominican RepublicEcuadorEgyptEl SalvadorEquatorial GuineaEritreaEstoniaEswatiniEthiopiaEuro zoneFederated States of MicronesiaFijiFinlandFranceGabonGeorgiaGermanyGhanaGreeceGrenadaGuatemalaGuineaGuinea-BissauGuyanaHaitiHondurasHong KongHungaryIcelandIndiaIndonesiaIranIraqIrelandIsraelItalyJamaicaJapanJordanKazakhstanKenyaKiribatiKuwaitKyrgyzstanLaosLatviaLebanonLesothoLiberiaLibyaLiechtensteinLithuaniaLuxembourgMadagascarMalawiMalaysiaMaldivesMaliMaltaMarshall IslandsMauritaniaMauritiusMexicoMoldovaMonacoMongoliaMontenegroMoroccoMozambiqueMyanmarNamibiaNauruNepalNetherlandsNew ZealandNicaraguaNigerNigeriaNorth KoreaNorth MacedoniaNorwayOmanPakistanPalauPanamaPapua New GuineaParaguayPeruPhilippinesPolandPortugalQatarRepublic of the CongoRomaniaRussiaRwandaSaint Kitts and NevisSaint LuciaSaint Vincent and the GrenadinesSamoaSan MarinoSao Tome and PrincipeSaudi ArabiaSenegalSerbiaSeychellesSierra LeoneSingaporeSlovakiaSloveniaSolomon IslandsSomaliaSouth AfricaSouth KoreaSouth SudanSpainSri LankaState of PalestineSudanSurinameSwedenSwitzerlandSyriaTaiwanTajikistanTanzaniaThailandThe GambiaTimor-LesteTogoTongaTrinidad and TobagoTunisiaTürkiyeTurkmenistanTuvaluUgandaUkraineUnited Arab EmiratesUnited KingdomUnited StatesUruguayUzbekistanVanuatuVenezuelaViet NamYemenZambiaZimbabweCompare Panama Malta Gouvernement10,034K2025Q1Qu. GDP Per Capita [+]Annual GDP [+]2024€81,038M€22,463M2024Annual GDP [+]Annual GDP [+]2024$87,688M$24,315M2024Annual GDP [+]GDP per capita [+]2024€18,199€39,3302024GDP per capita [+]GDP per capita [+]2024$19,692$43,9922024GDP per capita [+]€5,762M2025Q1Quarterly GDP [+]Debt (M.€.) [+]202339,69810,6482024Debt (M.€.) [+]Debt ($M) [+]202342,93711,5262024Debt ($M) [+]Debt (%GDP) [+]202351.49%47.40%2024Debt (%GDP) [+]Debt Per Capita [+]2023€8,915€18,5432024Debt Per Capita [+]Debt Per Capita [+]2023$9,642$20,0712024Debt Per Capita [+]Deficit (M.€) [+]2023-3,024-8252024Deficit (M.€) [+]Deficit ($M) [+]2023-3,271-8932024Deficit ($M) [+]Deficit (%GDP) [+]2023-3.92%-3.70%2024Deficit (%GDP) [+]Expenditure (M.€) [+]202316,571.18,609.52024Expenditure (M.€) [+]Expenditure ($M) [+]202317,923.09,318.82024Expenditure ($M) [+]Education Expenditure (M.€) [+]20222,822.4901.22021Education Expenditure (M.€) [+]Education Expenditure ($M) [+]20222,576.5972.32021Education Expenditure ($M) [+]Education Expenditure (%Bud.) [+]202311.92%12.66%2021Education Expenditure (%Bud.) [+]Gov. Health Exp. (M.€) [+]20223,457.51,112,994,000.02022Gov. Health Exp. (M.€) [+]Gov. Health Exp.($M) [+]20223,640.81,170.52022Gov. Health Exp.($M) [+]Gov. Health Exp. (%Bud.) [+]202222.23%16.21%2022Gov. Health Exp. (%Bud.) [+]Defence Expenditure (M.€) [+]20200114.82023Defence Expenditure (M.€) [+]Defence Expenditure ($M) [+]20200124.12023Defence Expenditure ($M) [+]Defence Expenditure (%Bud.) [+]20200%1.38%2023Defence Expenditure (%Bud.) [+]Expenditure (%GDP) [+]202321.49%38.30%2024Expenditure (%GDP) [+]Expenditure Per Capita [+]2023€3,721€14,9932024Expenditure Per Capita [+]Expenditure Per Capita [+]2023$4,025$16,2282024Expenditure Per Capita [+]Education Expenditure P.C [+]2022€642€1,7392021Education Expenditure P.C [+]Education Expenditure P.C [+]2022$677$2,0662021Education Expenditure P.C [+]Gov. Health Exp. P.C. [+]2022€786€2,0962022Gov. Health Exp. P.C. [+]Gov. Health Exp. P.C. [+]2022$827$2,2472022Gov. Health Exp. P.C. [+]Defence Expenditure P.C. [+]2020€0€2072023Defence Expenditure P.C. [+]Defence Expenditure P.C. [+]2020$0$2292023Defence Expenditure P.C. [+]Moody's Rating [+]11/29/2024Baa3A211/22/2024Moody's Rating [+]S&P Rating [+]11/26/2024BBB-A-10/14/2016S&P Rating [+]Fitch Rating [+]02/03/2021BBB-A+04/17/2020Fitch Rating [+]Corruption Index [+]202335512023Corruption Index [+]Competitiveness Ranking [+]201966º38º2019Competitiveness Ranking [+]Fragile States Index [+]202447.731.12024Fragile States Index [+]RTI Raking [+]202456º83º2024RTI Raking [+]Innovation Ranking [+]202482º29º2024Innovation Ranking [+]Labour2.7%May 2025Unemployment Rate [+]Unemployment rate [+]2017Q14.6%2.7%2025Q1Unemployment rate [+]Unemployed [+]2017Q187K9K2025Q1Unemployed [+]NMW [+]2024$482.2$998.42025NMW [+]NMW [+]2024€436.4€961.02025NMW [+]$33,0522024Average Wage [+]€30,5362024Average Wage [+]Human Capital Ranking [+]201756º41º2017Human Capital Ranking [+]Markets0.855407/14/2025US Dollar exchange rate [+]Stock ExchangeYTD % [+]07/14/20255.09%-0.05%07/11/2025Stock ExchangeYTD % [+]PricesCPI (overall index) [+]December 2024-0.2%2.5%June 2025HICP [+]0.9%May 2025PPI Year on Year [+]Money Market2.15%06/11/2025Key rates [+]BusinessDoing Business [+]202086º88º2020Doing Business [+]3.7%May 2025IPI Year on Year [+]Passengers vehicles Year [+]December 201939,04915,058December 2024Passengers vehicles Year [+]Annual Vehicles/ 1,000 p. [+]December 201911.1216.50December 2019Annual Vehicles/ 1,000 p. [+]Vehicles / 1,000 people [+]2015170.40721.732015Vehicles / 1,000 people [+]TaxesTax Revenue (%GDP) [+]202213.1%26.9%2023Tax Revenue (%GDP) [+]Standard VAT [+]01/01/20107.00%18.00%01/01/2011Standard VAT [+]Top tax rate + SSC [+]202025.0%35.0%2020Top tax rate + SSC [+]TradeAnnual arrivals [+]20221,488,0002,286,6002022Annual arrivals [+]Exports [+]2023€15,479.8M€3,495.2M2024Exports [+]Exports [+]2023$16,738.3M$3,783.1M2024Exports [+]Exports % GDP [+]202320.08%15.56%2024Exports % GDP [+]Imports [+]2023€31,706.8M€8,729.8M2024Imports [+]Imports [+]2023$34,284.5M$9,449.0M2024Imports [+]Imports % GDP [+]202341.13%38.86%2024Imports % GDP [+]Trade balance [+]2023€-16,227.0M€-5,234.6M2024Trade balance [+]Trade balance [+]2023$-19,382.1M$-5,665.8M2024Trade balance [+]Trade balance % GDP [+]2023-21.05%-23.30%2024Trade balance % GDP [+]0.6%May 2025Retail Sales YoY [+]Socio-DemographyGlobal AgeWatch Ranking [+]201520º47º2015Global AgeWatch Ranking [+]Density [+]2023591,7952024Density [+]Global Peace Ranking [+]202496º-1º2023Global Peace Ranking [+]0.90‰2022Crude divorce rate [+]Remittance received ($M) [+]2017533.0215.52017Remittance received ($M) [+]% Immigrant [+]20207.32%22.23%2020% Immigrant [+]% Emigrant [+]20203.26%19.92%2020% Emigrant [+]Birth Rate [+]202316.03‰7.70‰2024Birth Rate [+]Remittance sent ($M) [+]2017451.280.32017Remittance sent ($M) [+]Crude death rate [+]20234.77‰7.30‰2024Crude death rate [+]Fertility Rate [+]20232.121.062023Fertility Rate [+]4.20‰2023Crude marriage rate [+]% risk of poverty [+]202121.8%16.8%2024% risk of poverty [+]Population [+]20234,453,000574,2502024Population [+]Immigrant stock [+]2020313,165114,7602020Immigrant stock [+]Emigrant stock [+]2020139,520102,7932020Emigrant stock [+]HDI [+]20220.8200.9152022HDI [+]Gender Gap Ranking [+]202450º62º2024Gender Gap Ranking [+]Life expectancy [+]202379.5983.402023Life expectancy [+]Suicides [+]2015216302022Suicides [+]Suicide rate [+]20155.445.082022Suicide rate [+]Number of homicides [+]202352232023Number of homicides [+]Rate Homicides per 100.000 [+]202311.710.562023Rate Homicides per 100.000 [+]Energy and EnvironmentCO2 Tons per capita [+]20233.293.852023CO2 Tons per capita [+]Consumption GWh [+]202311,7772,7662023Consumption GWh [+]Generation GWh [+]202312,8722,3452023Generation GWh [+]OthersCOVID-19 - Deaths [+]08/04/20248,74892208/04/2024COVID-19 - Deaths [+]COVID-19 - Confirmed [+]08/04/20241,044,821122,79608/04/2024COVID-19 - Confirmed [+]Fully vaccinated [+]05/12/20233,174,155471,56503/19/2024Fully vaccinated [+]COVID-19 - Deaths per million population [+]08/04/20241,964.521,636.3708/04/2024COVID-19 - Deaths per million population [+]Doses administered [+]05/12/20238,893,0011,408,79303/19/2024Doses administered [+]PanamaCountrySubcontinentContinentWorldCapital: Panama CityPopulation: 4,453,000Surface Area: 75,320 km2Currency: BalboasReligion: Mostly Christianity Belongs to: IMF, OAS, UN, SICAMaltaCountrySubcontinentContinentWorldCapital: VallettaPopulation: 574,250Surface Area: 320 km2Currency: EurosReligion: Mostly Christianity Belongs to: CoE, EA, EEA, IMF, UN, OSCE, EU Compare Afghanistan Panama Compare Albania Panama Compare Algeria Panama Compare Andorra Panama Compare Angola Panama Compare Antigua and Barbuda Panama Compare Argentina Panama Compare Armenia Panama Compare Australia Panama Compare Austria Panama Compare Azerbaijan Panama Compare Bahamas Panama Compare Bahrain Panama Compare Bangladesh Panama Compare Barbados Panama Compare Belarus Panama Compare Belgium Panama Compare Belize Panama Compare Benin Panama Compare Bhutan Panama Compare Bolivia Panama Compare Bosnia and Herzegovina Panama Compare Botswana Panama Compare Brazil Panama Compare Brunei Panama Compare Bulgaria Panama Compare Burkina Faso Panama Compare Burundi Panama Compare Cabo Verde Panama Compare Cambodia Panama Compare Cameroon Panama Compare Canada Panama Compare Central African Republic Panama Compare Chad Panama Compare Chile Panama Compare China Panama 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