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 Spain GouvernementGDP Growth (%) [+]20242.7%2.8%2025GDP Growth (%) [+]8,809K2025Q4Qu. GDP Per Capita [+]Annual GDP [+]2024€79,963M€1,685,783M2025Annual GDP [+]Annual GDP [+]2024$86,524M$1,904,901M2025Annual GDP [+]GDP per capita [+]2024€17,732€34,1902025GDP per capita [+]GDP per capita [+]2024$19,187$38,6102025GDP per capita [+]€434,595M2025Q4Quarterly GDP [+]Debt (M.€.) [+]202445,8831,620,5732024Debt (M.€.) [+]Debt ($M) [+]202449,6481,753,5802024Debt ($M) [+]Debt (%GDP) [+]202457.38%101.60%2024Debt (%GDP) [+]Debt Per Capita [+]2024€10,304€33,0082024Debt Per Capita [+]Debt Per Capita [+]2024$11,149$35,7172024Debt Per Capita [+]Deficit (M.€) [+]2024-5,929-51,2672024Deficit (M.€) [+]Deficit ($M) [+]2024-6,416-54,3052024Deficit ($M) [+]Deficit (%GDP) [+]2024-7.42%-3.22%2024Deficit (%GDP) [+]Expenditure (M.€) [+]202418,508.3725,001.02024Expenditure (M.€) [+]Expenditure ($M) [+]202420,027.0782,158.82024Expenditure ($M) [+]Education Expenditure (M.€) [+]20231,915.863,090.72022Education Expenditure (M.€) [+]Education Expenditure ($M) [+]20232,059.866,329.82022Education Expenditure ($M) [+]Education Expenditure (%Bud.) [+]202416.28%9.88%2022Education Expenditure (%Bud.) [+]Gov. Health Exp. (M.€) [+]20233,290.1106,331,861,000.02024Gov. Health Exp. (M.€) [+]Gov. Health Exp.($M) [+]20233,557.6115,091,479,709.22024Gov. Health Exp.($M) [+]Gov. Health Exp. (%Bud.) [+]202319.85%14.85%2023Gov. Health Exp. (%Bud.) [+]Defence Expenditure (M.€) [+]2020022,832.52024Defence Expenditure (M.€) [+]Defence Expenditure ($M) [+]2020024,713.52024Defence Expenditure ($M) [+]Defence Expenditure (%Bud.) [+]20200%3.20%2024Defence Expenditure (%Bud.) [+]Expenditure (%GDP) [+]202423.15%45.50%2024Expenditure (%GDP) [+]Expenditure Per Capita [+]2024€4,156€14,7672024Expenditure Per Capita [+]Expenditure Per Capita [+]2024$4,497$15,9312024Expenditure Per Capita [+]Education Expenditure P.C [+]2023€430€1,3202022Education Expenditure P.C [+]Education Expenditure P.C [+]2023$465$1,3832022Education Expenditure P.C [+]Gov. Health Exp. P.C. [+]2023€738€2,1872024Gov. Health Exp. P.C. [+]Gov. Health Exp. P.C. [+]2023$798$2,3672024Gov. Health Exp. P.C. [+]Defence Expenditure P.C. [+]2020€0€4672024Defence Expenditure P.C. [+]Defence Expenditure P.C. [+]2020$0$5032024Defence Expenditure P.C. [+]Moody's Rating [+]11/29/2024Baa3A309/26/2025Moody's Rating [+]S&P Rating [+]11/26/2024BBB-A+09/12/2025S&P Rating [+]Fitch Rating [+]02/03/2021BBB-A-12/13/2019Fitch Rating [+]Corruption Index [+]202335602023Corruption Index [+]Competitiveness Ranking [+]201966º23º2019Competitiveness Ranking [+]Fragile States Index [+]202447.744.02024Fragile States Index [+]RTI Raking [+]202456º96º2024RTI Raking [+]Innovation Ranking [+]202482º28º2024Innovation Ranking [+]Labour10.0%December 2025Unemployment Rate [+]Unemployment rate [+]2017Q14.6%9.9%2025Q4Unemployment rate [+]Unemployed [+]2017Q187K2,477K2025Q4Unemployed [+]NMW [+]2024$482.2$1,622.72026NMW [+]NMW [+]2024€436.4€1,381.02026NMW [+]$34,3102024Average Wage [+]€31,6982024Average Wage [+]Human Capital Ranking [+]201756º44º2017Human Capital Ranking [+]Markets0.847902/06/2026US Dollar exchange rate [+]3.22%02/06/202610-Year Bond Yield [+]3802/06/2026Risk Premium [+]Stock ExchangeYTD % [+]02/06/202613.87%4.49%02/06/2026Stock ExchangeYTD % [+]PricesCPI (overall index) [+]August 2025-0.4%2.9%December 2025CPI (overall index) [+]3.0%December 2025HICP [+]-3.0%December 2025PPI Year on Year [+]Money Market2.15%06/11/2025Key rates [+]BusinessDoing Business [+]202086º31º2020Doing Business [+]2.8%December 2025IPI Year on Year [+]Passengers vehicles Year [+]December 201939,0491,148,581December 2025Passengers vehicles Year [+]Annual Vehicles/ 1,000 p. [+]December 201911.1227.66December 2025Annual Vehicles/ 1,000 p. [+]2,451,2212023Motor vehicle production [+]Vehicles / 1,000 people [+]2015170.40629.132021Vehicles / 1,000 people [+]TaxesTax Revenue (%GDP) [+]202213.1%37.1%2024Tax Revenue (%GDP) [+]Standard VAT [+]01/01/20107.00%21.00%09/01/2012Standard VAT [+]Top tax rate + SSC [+]202025.0%45.0%2022Top tax rate + SSC [+]TradeAnnual arrivals [+]20221,488,00096,770,5152025Annual arrivals [+]Exports [+]2023€15,479.8M€392,122.8M2024Exports [+]Exports [+]2023$16,738.3M$424,425.9M2024Exports [+]Exports % GDP [+]202319.98%24.59%2024Exports % GDP [+]Imports [+]2023€31,706.8M€436,191.0M2024Imports [+]Imports [+]2023$34,284.5M$472,124.4M2024Imports [+]Imports % GDP [+]202340.92%27.36%2024Imports % GDP [+]Trade balance [+]2023€-16,227.0M€-44,068.2M2024Trade balance [+]Trade balance [+]2023$-19,382.1M$-47,698.5M2024Trade balance [+]Trade balance % GDP [+]2023-20.94%-2.76%2024Trade balance % GDP [+]4.7%December 2025Retail Sales YoY [+]Socio-DemographyGlobal AgeWatch Ranking [+]201520º25º2015Global AgeWatch Ranking [+]Density [+]202359982025Density [+]Global Peace Ranking [+]202496º23º2024Global Peace Ranking [+]1.70‰2024Crude divorce rate [+]Remittance received ($M) [+]2017533.010,692.02017Remittance received ($M) [+]% Immigrant [+]20207.32%14.44%2020% Immigrant [+]% Emigrant [+]20203.26%3.14%2020% Emigrant [+]Birth Rate [+]202316.03‰6.49‰2024Birth Rate [+]Remittance sent ($M) [+]2017451.217,874.02017Remittance sent ($M) [+]Crude death rate [+]20234.77‰8.87‰2024Crude death rate [+]Fertility Rate [+]20232.121.102024Fertility Rate [+]3.57‰2024Crude marriage rate [+]% risk of poverty [+]202321.7%19.7%2024% risk of poverty [+]Population [+]20234,453,00049,337,3562025Population [+]Immigrant stock [+]2020313,1656,842,2022020Immigrant stock [+]Emigrant stock [+]2020139,5201,489,8232020Emigrant stock [+]HDI [+]20220.8200.9112022HDI [+]Gender Gap Ranking [+]202450º10º2024Gender Gap Ranking [+]Life expectancy [+]202379.5984.012024Life expectancy [+]Suicides [+]20152163,9532024Suicides [+]Suicide rate [+]20155.448.052024Suicide rate [+]Number of homicides [+]20235223312023Number of homicides [+]Rate Homicides per 100.000 [+]202311.710.692023Rate Homicides per 100.000 [+]Energy and EnvironmentCO2 Tons per capita [+]20233.294.682023CO2 Tons per capita [+]02024Annual crude oil production [+]150.02021Crude Oil Reserves [+]Consumption GWh [+]202311,777256,0842025Consumption GWh [+]Generation GWh [+]202312,872272,1992025Generation GWh [+]OthersCOVID-19 - Deaths [+]01/04/20268,830121,88001/04/2026COVID-19 - Deaths [+]COVID-19 - Confirmed [+]01/04/20261,045,65213,980,34001/04/2026COVID-19 - Confirmed [+]Fully vaccinated [+]12/29/20233,178,70040,739,12305/24/2023Fully vaccinated [+]COVID-19 - Deaths per million population [+]01/04/20261,982.932,470.3401/04/2026COVID-19 - Deaths per million population [+]Doses administered [+]12/29/20239,201,276119,228,50412/23/2023Doses administered [+]PanamaCountrySubcontinentContinentWorldCapital: Panama CityPopulation: 4,453,000Surface Area: 75,320 km2Currency: BalboasReligion: Mostly Christianity Belongs to: IMF, OAS, UN, SICASpainCountrySubcontinentContinentWorldCapital: MadridPopulation: 49,337,356Surface Area: 505,978 km2Currency: EurosReligion: Mostly Christianity Belongs to: CoE, EA, EEA, IMF, NATO, OECD, 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 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