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 NamYemenZambiaZimbabweCompareGovernment Education expenditure Per Capita Panama vs South Korea comparison Panama South Korea Gouvernement7,625K2023Q3Qu. GDP Per Capita [+]Annual GDP [+]2022€72,611M€1,582,816M2023Annual GDP [+]Annual GDP [+]2022$76,523M$1,713,120M2023Annual GDP [+]GDP per capita [+]2022€16,520€30,5942023GDP per capita [+]GDP per capita [+]2022$17,410$33,1282023GDP per capita [+]€394,507M2023Q3Quarterly GDP [+]Debt (M.€.) [+]202238,976854,5822022Debt (M.€.) [+]Debt ($M) [+]202241,076900,6252022Debt ($M) [+]Debt (%GDP) [+]202253.68%53.80%2022Debt (%GDP) [+]Debt Per Capita [+]2022€8,868€16,5182022Debt Per Capita [+]Debt Per Capita [+]2022$9,346$17,4082022Debt Per Capita [+]Deficit (M.€) [+]2022-2,852-25,4702022Deficit (M.€) [+]Deficit ($M) [+]2022-3,006-26,8422022Deficit ($M) [+]Deficit (%GDP) [+]2022-3.93%-1.60%2022Deficit (%GDP) [+]Expenditure (M.€) [+]202215,446.8455,531.92022Expenditure (M.€) [+]Expenditure ($M) [+]202216,279.0480,075.02022Expenditure ($M) [+]Education Expenditure (M.€) [+]20201,847.465,103.02018Education Expenditure (M.€) [+]Education Expenditure ($M) [+]20202,108.476,909.02018Education Expenditure ($M) [+]Education Expenditure (%Bud.) [+]202111.97%24.98%2011Education Expenditure (%Bud.) [+]Gov. Health Exp. (M.€) [+]20172,415.773,633,906,941.52022Gov. Health Exp. (M.€) [+]Gov. Health Exp.($M) [+]20172,728.17,350,863,487.91998Gov. Health Exp.($M) [+]Gov. Health Exp. (%Bud.) [+]201720.08%13.42%2017Gov. Health Exp. (%Bud.) [+]Defence Expenditure (M.€) [+]2020043,167.12022Defence Expenditure (M.€) [+]Defence Expenditure ($M) [+]2020045,475.02022Defence Expenditure ($M) [+]Defence Expenditure (%Bud.) [+]20200%10.57%2022Defence Expenditure (%Bud.) [+]Expenditure (%GDP) [+]202221.27%28.68%2022Expenditure (%GDP) [+]Expenditure Per Capita [+]2022€3,515€8,8052022Expenditure Per Capita [+]Expenditure Per Capita [+]2022$3,704$9,2792022Expenditure Per Capita [+]Education Expenditure P.C [+]2020€432€1,2622018Education Expenditure P.C [+]Education Expenditure P.C [+]2020$493$1,4902018Education Expenditure P.C [+]Gov. Health Exp. P.C. [+]2017€590€1,8692022Gov. Health Exp. P.C. [+]Gov. Health Exp. P.C. [+]2017$666$1,3102017Gov. Health Exp. P.C. [+]Defence Expenditure P.C. [+]2020€0€8342022Defence Expenditure P.C. [+]Defence Expenditure P.C. [+]2020$0$8812022Defence Expenditure P.C. [+]Moody's Rating [+]10/31/2023Baa3Aa204/21/2022Moody's Rating [+]S&P Rating [+]11/07/2023BBBAA08/07/2016S&P Rating [+]Fitch Rating [+]02/03/2021BBB-AA-02/11/2020Fitch Rating [+]Corruption Index [+]202236632022Corruption Index [+]Competitiveness Ranking [+]201966º13º2019Competitiveness Ranking [+]Fragile States Index [+]201849.535.72018Fragile States Index [+]RTI Raking [+]202241º45º2022RTI Raking [+]Innovation Ranking [+]201870º12º2018Innovation Ranking [+]LabourUnemployment rate [+]2017Q14.6%3.3%2024Q1Unemployment rate [+]Unemployed [+]2017Q187K958K2024Q1Unemployed [+]NMW [+]2013$366.1$1,482.42022NMW [+]NMW [+]2013€277.4€1,421.92022NMW [+]$37,2292015Average Wage [+]€36,6512022Average Wage [+]Human Capital Ranking [+]201756º27º2017Human Capital Ranking [+]Markets1,472.720005/10/2024Euro / South Korean won [+]1,367.900005/10/2024US Dollar exchange rate [+]Stock ExchangeYTD % [+]11/18/20220%2.71%05/13/2024Stock ExchangeYTD % [+]PricesCPI (overall index) [+]March 20241.7%3.1%March 2024CPI (overall index) [+]Money Market3.50%01/13/2023Key rates [+]BusinessDoing Business [+]202086º5º2020Doing Business [+]Passengers vehicles Year [+]December 201939,0491,420,486December 2022Passengers vehicles Year [+]Annual Vehicles/ 1,000 p. [+]December 201911.1232.54December 2022Annual Vehicles/ 1,000 p. [+]3,757,0492022Motor vehicle production [+]Vehicles / 1,000 people [+]2015170.40457.802020Vehicles / 1,000 people [+]TaxesTax Revenue (%GDP) [+]202112.7%32.0%2022Tax Revenue (%GDP) [+]Standard VAT [+]01/01/20107.00%10.00%01/01/2006Standard VAT [+]Top tax rate + SSC [+]202025.0%51.9%2022Top tax rate + SSC [+]TradeAnnual arrivals [+]20191,752,64517,502,7562019Annual arrivals [+]Exports [+]2023€14,531.4M€584,690.5M2023Exports [+]Exports [+]2023$15,712.8M$632,225.8M2023Exports [+]Exports % GDP [+]202219.98%36.94%2023Exports % GDP [+]Imports [+]2023€32,456.2M€594,258.9M2023Imports [+]Imports [+]2023$35,094.9M$642,572.1M2023Imports [+]Imports % GDP [+]202238.25%37.54%2023Imports % GDP [+]Trade balance [+]2023€-17,924.8M€-9,568.4M2023Trade balance [+]Trade balance [+]2023$-19,382.1M$-10,346.3M2023Trade balance [+]Trade balance % GDP [+]2022-18.27%-0.60%2023Trade balance % GDP [+]Socio-DemographyGlobal AgeWatch Ranking [+]201520º60º2015Global AgeWatch Ranking [+]Density [+]2022585152021Density [+]Global Peace Ranking [+]202368º43º2023Global Peace Ranking [+]1.80‰2023Crude divorce rate [+]Remittance received ($M) [+]2017533.06,331.82017Remittance received ($M) [+]% Immigrant [+]20207.32%3.33%2020% Immigrant [+]% Emigrant [+]20203.26%4.25%2020% Emigrant [+]Birth Rate [+]202117.69‰4.50‰2023Birth Rate [+]Remittance sent ($M) [+]2017451.25,989.12017Remittance sent ($M) [+]Crude death rate [+]20216.07‰6.90‰2023Crude death rate [+]Fertility Rate [+]20212.330.722023Fertility Rate [+]3.80‰2023Crude marriage rate [+]% risk of poverty [+]202121.8%Population [+]20224,395,00051,736,0002021Population [+]Immigrant stock [+]2020313,1651,728,1822020Immigrant stock [+]Emigrant stock [+]2020139,5202,204,5542020Emigrant stock [+]HDI [+]20210.8050.9252021HDI [+]Gender Gap Ranking [+]202358º105º2023Gender Gap Ranking [+]Life expectancy [+]202176.2282.702022Life expectancy [+]Suicides [+]201521613,1952020Suicides [+]Suicide rate [+]20155.4425.502020Suicide rate [+]Number of homicides [+]20224992752022Number of homicides [+]Rate Homicides per 100.000 [+]202211.320.532022Rate Homicides per 100.000 [+]Energy and EnvironmentCO2 Tons per capita [+]20222.5812.262022CO2 Tons per capita [+]Consumption GWh [+]202211,608586,7662022Consumption GWh [+]Generation GWh [+]202213,355606,7602022Generation GWh [+]OthersCOVID-19 - Deaths [+]04/28/20248,70435,93404/28/2024COVID-19 - Deaths [+]COVID-19 - Confirmed [+]04/28/20241,044,33634,571,87304/28/2024COVID-19 - Confirmed [+]Fully vaccinated [+]05/12/20233,174,15544,372,67905/26/2023Fully vaccinated [+]COVID-19 - Deaths per million population [+]04/28/20241,980.43694.5604/28/2024COVID-19 - Deaths per million population [+]Doses administered [+]05/12/20238,893,001129,647,78212/12/2022Doses administered [+]PanamaCountrySubcontinentContinentWorldCapital: Panama CityPopulation: 4,395,000Surface Area: 75,320 km2Currency: BalboasReligion: Mostly Christianity Belongs to: IMF, OAS, UN, SICASouth KoreaCountrySubcontinentContinentWorldCapital: SeoulPopulation: 51,736,000Surface Area: 100,410 km2Currency: South Korean won (1 EUR=1,472.7200 KRW)Religion: Mostly Non-Religious Belongs to: ACD, G20, IMF, OECD, UN 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 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