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 NamYemenZambiaZimbabweCompareStandard VAT Rate Panama vs Netherlands comparison Panama Netherlands Gouvernement15,084K2024Q1Qu. GDP Per Capita [+]Annual GDP [+]2022€72,611M€1,034,086M2023Annual GDP [+]Annual GDP [+]2022$76,523M$1,118,125M2023Annual GDP [+]GDP per capita [+]2022€16,520€57,8402023GDP per capita [+]GDP per capita [+]2022$17,410$62,7762023GDP per capita [+]€268,673M2024Q1Quarterly GDP [+]Debt (M.€.) [+]202238,976480,6712023Debt (M.€.) [+]Debt ($M) [+]202241,076519,7502023Debt ($M) [+]Debt (%GDP) [+]202253.68%46.50%2023Debt (%GDP) [+]Debt Per Capita [+]2022€8,868€26,9872023Debt Per Capita [+]Debt Per Capita [+]2022$9,346$29,1812023Debt Per Capita [+]Deficit (M.€) [+]2022-2,852-3,5492023Deficit (M.€) [+]Deficit ($M) [+]2022-3,006-3,8382023Deficit ($M) [+]Deficit (%GDP) [+]2022-3.93%-0.30%2023Deficit (%GDP) [+]Expenditure (M.€) [+]202215,446.8449,450.02023Expenditure (M.€) [+]Expenditure ($M) [+]202216,279.0485,990.32023Expenditure ($M) [+]Education Expenditure (M.€) [+]20222,822.443,964.62021Education Expenditure (M.€) [+]Education Expenditure ($M) [+]20222,974.451,998.82021Education Expenditure ($M) [+]Education Expenditure (%Bud.) [+]202311.92%11.02%2021Education Expenditure (%Bud.) [+]Gov. Health Exp. (M.€) [+]20212,892.780,944,000,000.02022Gov. Health Exp. (M.€) [+]Gov. Health Exp.($M) [+]20213,421.285,234,032,000.02022Gov. Health Exp.($M) [+]Gov. Health Exp. (%Bud.) [+]202121.66%16.86%2021Gov. Health Exp. (%Bud.) [+]Defence Expenditure (M.€) [+]2020015,176.52022Defence Expenditure (M.€) [+]Defence Expenditure ($M) [+]2020015,981.62022Defence Expenditure ($M) [+]Defence Expenditure (%Bud.) [+]20200%3.67%2022Defence Expenditure (%Bud.) [+]Expenditure (%GDP) [+]202221.27%43.50%2023Expenditure (%GDP) [+]Expenditure Per Capita [+]2022€3,515€25,2342023Expenditure Per Capita [+]Expenditure Per Capita [+]2022$3,704$27,2862023Expenditure Per Capita [+]Education Expenditure P.C [+]2022€642€2,5072021Education Expenditure P.C [+]Education Expenditure P.C [+]2022$677$2,9292021Education Expenditure P.C [+]Gov. Health Exp. P.C. [+]2021€665€4,6022022Gov. Health Exp. P.C. [+]Gov. Health Exp. P.C. [+]2021$786$4,8452022Gov. Health Exp. P.C. [+]Defence Expenditure P.C. [+]2020€0€8572022Defence Expenditure P.C. [+]Defence Expenditure P.C. [+]2020$0$9092022Defence Expenditure P.C. [+]Moody's Rating [+]10/31/2023Baa3Aaa01/27/2023Moody's Rating [+]S&P Rating [+]11/07/2023BBBAAA11/20/2015S&P Rating [+]Fitch Rating [+]02/03/2021BBB-AAA04/24/2020Fitch Rating [+]Corruption Index [+]202236802022Corruption Index [+]Competitiveness Ranking [+]201966º4º2019Competitiveness Ranking [+]Fragile States Index [+]201849.526.22018Fragile States Index [+]RTI Raking [+]202241º75º2022RTI Raking [+]Innovation Ranking [+]201870º2º2018Innovation Ranking [+]Labour3.7%April 2024Unemployment Rate [+]Unemployment rate [+]2017Q14.6%3.4%2023Q4Unemployment rate [+]Unemployed [+]2017Q187K349K2023Q4Unemployed [+]NMW [+]2013$366.1$2,287.52024NMW [+]NMW [+]2013€277.4€2,070.12024NMW [+]$67,3442023Average Wage [+]€62,2812023Average Wage [+]Human Capital Ranking [+]201756º13º2017Human Capital Ranking [+]Markets0.929706/10/2024US Dollar exchange rate [+]2.99%06/10/202410-Year Bond Yield [+]3106/10/2024Risk Premium [+]Stock ExchangeYTD % [+]11/18/20220%17.52%06/10/2024Stock ExchangeYTD % [+]PricesCPI (overall index) [+]April 20241.7%2.7%April 2024CPI (overall index) [+]2.7%May 2024HICP [+]-5.6%April 2024PPI Year on Year [+]Money Market4.50%09/20/2023Key rates [+]BusinessDoing Business [+]202086º42º2020Doing Business [+]-4.9%March 2024IPI Year on Year [+]Passengers vehicles Year [+]December 201939,049313,609December 2022Passengers vehicles Year [+]Annual Vehicles/ 1,000 p. [+]December 201911.1221.73December 2022Annual Vehicles/ 1,000 p. [+]157,2802017Motor vehicle production [+]Vehicles / 1,000 people [+]2015170.40589.332021Vehicles / 1,000 people [+]TaxesTax Revenue (%GDP) [+]202112.7%38.5%2022Tax Revenue (%GDP) [+]Standard VAT [+]01/01/20107.00%21.00%10/01/2012Standard VAT [+]Top tax rate + SSC [+]202025.0%51.1%2022Top tax rate + SSC [+]TradeAnnual arrivals [+]20191,752,64520,128,0002019Annual arrivals [+]Exports [+]2023€14,531.4M€866,167.5M2023Exports [+]Exports [+]2023$15,712.8M$934,567.9M2023Exports [+]Exports % GDP [+]202219.98%83.76%2023Exports % GDP [+]Imports [+]2023€32,456.2M€779,011.9M2023Imports [+]Imports [+]2023$35,094.9M$842,051.4M2023Imports [+]Imports % GDP [+]202238.25%75.33%2023Imports % GDP [+]Trade balance [+]2023€-17,924.8M€87,155.5M2023Trade balance [+]Trade balance [+]2023$-19,382.1M$92,516.5M2023Trade balance [+]Trade balance % GDP [+]2022-18.27%8.43%2023Trade balance % GDP [+]-2.5%December 2023Retail Sales YoY [+]Socio-DemographyGlobal AgeWatch Ranking [+]201520º6º2015Global AgeWatch Ranking [+]Density [+]2022584292022Density [+]Global Peace Ranking [+]202368º16º2023Global Peace Ranking [+]1.30‰2022Crude divorce rate [+]Remittance received ($M) [+]2017533.01,405.72017Remittance received ($M) [+]% Immigrant [+]20207.32%13.50%2020% Immigrant [+]% Emigrant [+]20203.26%5.55%2020% Emigrant [+]Birth Rate [+]202217.40‰9.50‰2022Birth Rate [+]Remittance sent ($M) [+]2017451.25,615.02017Remittance sent ($M) [+]Crude death rate [+]20225.90‰9.60‰2022Crude death rate [+]Fertility Rate [+]20222.301.492022Fertility Rate [+]4.00‰2022Crude marriage rate [+]% risk of poverty [+]202121.8%15.0%2023% risk of poverty [+]Population [+]20224,395,00017,811,2912022Population [+]Immigrant stock [+]2020313,1652,358,3332020Immigrant stock [+]Emigrant stock [+]2020139,520970,4032020Emigrant stock [+]HDI [+]20210.8050.9412021HDI [+]Gender Gap Ranking [+]202358º28º2023Gender Gap Ranking [+]Life expectancy [+]202276.8382.002023Life expectancy [+]Suicides [+]20152161,9602021Suicides [+]Suicide rate [+]20155.4410.692021Suicide rate [+]Number of homicides [+]20224991422022Number of homicides [+]Rate Homicides per 100.000 [+]202211.320.812022Rate Homicides per 100.000 [+]Energy and EnvironmentCO2 Tons per capita [+]20222.587.792022CO2 Tons per capita [+]272023Annual crude oil production [+]137.72021Crude Oil Reserves [+]Consumption GWh [+]202211,608111,7572022Consumption GWh [+]Generation GWh [+]202213,355120,8402022Generation GWh [+]OthersCOVID-19 - Deaths [+]05/26/20248,70622,98605/26/2024COVID-19 - Deaths [+]COVID-19 - Confirmed [+]05/26/20241,044,3758,636,44605/26/2024COVID-19 - Confirmed [+]Fully vaccinated [+]05/12/20233,174,15511,768,64409/29/2023Fully vaccinated [+]COVID-19 - Deaths per million population [+]05/26/20241,980.891,290.5305/26/2024COVID-19 - Deaths per million population [+]Doses administered [+]05/12/20238,893,00139,764,18209/29/2023Doses administered [+]PanamaCountrySubcontinentContinentWorldCapital: Panama CityPopulation: 4,395,000Surface Area: 75,320 km2Currency: BalboasReligion: Mostly Christianity Belongs to: IMF, OAS, UN, SICANetherlandsCountrySubcontinentContinentWorldCapital: AmsterdamPopulation: 17,811,291Surface Area: 41,540 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 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