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Armenia vs Panama statistics compared

Updated on by Georank team

Armenia has a population of 3.03M (ranked 135/197), compared with 4.52M in Panama (ranked 128/197). Armenia's land area is 10,888 sq mi versus 28,641 sq mi for Panama (ranked 138th vs. 115th).

By GDP, Armenia ranks 114/197 ($26B) and Panama ranks 78/197 ($86.5B). By GDP per capita, Armenia ranks 90/197 ($8,556), while Panama ranks 60/197 ($19,161).

Main facts and rankings

Armenia Panama
Population
2989841
4642198
Population rank 137/197 128/197
GDP
$26B
2024
$86.5B
2024
GDP rank 114/197 78/197
GDP per capita
$8,556
2024
$19,161
2024
GDP per capita rank 90/197 60/197
GDP per capita, PPP
$22,823
2024
$41,369
2024
Government debt
$13B
2024
$49.6B
2024
Debt-to-GDP ratio
50%
2024
57.4%
2024
Government debt per person
$4,275
2024
$10,995
2024
Government debt per person rank 89/185 51/185
Average annual personal income after taxes
$6,687
2026
$10,196
2026
Land area 10,888 sq mi 28,641 sq mi
Population density
274.6 ppl/mi²
2026
161.6 ppl/mi²
2026
Fertility rate
1.9
2023
2.12
2023
Median age
37.1 years
2024
30.9 years
2024
Life expectancy
76.2 years
2026
80.1 years
2026

Armenia and Panama: Comparison Charts

Armenia and Panama economies compared

GDP
Armenia

Panama
1x
Year GDP
Armenia Panama
2024 $25,955,275,380 $86,523,959,132
2023 $24,185,982,216 $83,812,155,244
2022 $19,513,506,553 $76,479,304,471
2021 $13,878,908,629 $67,396,392,506
2020 $12,641,698,583 $57,059,846,522
2019 $13,619,290,539 $69,778,991,193
2018 $12,457,940,695 $67,316,471,181
2017 $11,527,458,709 $64,327,688,826
2016 $10,546,136,236 $59,760,858,718
2015 $10,553,337,518 $55,767,806,073
2014 $11,609,513,247 $51,427,104,882
2013 $11,121,464,437 $46,949,496,479
2012 $10,619,320,683 $41,595,439,721
2011 $10,142,111,825 $35,687,738,252
2010 $9,260,285,756 $30,231,009,533
2009 $8,647,937,081 $27,791,215,547
2008 $11,662,040,714 $25,721,327,955
2007 $9,206,301,270 $21,717,433,808
2006 $6,384,452,067 $18,659,721,513
2005 $4,900,469,511 $16,623,906,739
2004 $3,576,615,240 $15,100,203,362
2003 $2,807,061,009 $13,603,456,003
2002 $2,376,335,048 $12,800,851,271
2001 $2,118,467,913 $12,252,906,341
2000 $1,911,563,669 $11,966,497,049
1999 $1,845,482,173 $11,660,704,777
1998 $1,893,726,437 $11,019,557,689
1997 $1,639,492,445 $10,058,854,386
1996 $1,596,968,946 $9,197,503,323
1995 $1,468,317,435 $9,573,813,700
1994 $1,315,158,637 $9,365,289,800
1993 $1,201,312,829 $8,782,585,400
1992 $1,272,835,453 $8,042,337,700
1991 $2,069,870,130 $7,074,675,500
1990 $2,256,863,449 $6,433,967,000
1989 - $5,918,469,800
1988 - $5,902,783,400
1987 - $6,827,665,300
1986 - $6,797,834,200
1985 - $6,541,517,100
1984 - $6,183,387,100
1983 - $5,923,755,900
1982 - $5,769,767,900
1981 - $5,222,421,500
1980 - $4,614,086,400
1979 - $3,704,551,600
1978 - $3,244,558,600
1977 - $2,738,261,900
1976 - $2,588,106,000
1975 - $2,435,304,100
1974 - $2,188,307,600
1973 - $1,913,793,400
1972 - $1,673,411,700
1971 - $1,523,917,200
1970 - $1,351,006,400
1969 - $1,221,305,700
1968 - $1,112,791,100
1967 - $1,034,376,400
1966 - $928,833,000
1965 - $852,485,300
1964 - $776,137,500
1963 - $722,784,500
1962 - $652,120,900
1961 - $599,026,300
1960 - $537,147,100

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/facts/armenia/panama | CC BY

Armenia and Panama economies compared

GDP per capita
Armenia

Panama
1x
Year GDP per capita
Armenia Panama
2024 $8,556 $19,161
2023 $8,159 $18,797
2022 $6,572 $17,379
2021 $4,685 $15,510
2020 $4,269 $13,291
2019 $4,597 $16,478
2018 $4,196 $16,151
2017 $3,869 $15,695
2016 $3,524 $14,832
2015 $3,512 $14,083
2014 $3,852 $13,213
2013 $3,680 $12,273
2012 $3,512 $11,065
2011 $3,350 $9,662
2010 $3,041 $8,331
2009 $2,821 $7,797
2008 $3,778 $7,348
2007 $2,963 $6,318
2006 $2,042 $5,529
2005 $1,557 $5,018
2004 $1,130 $4,645
2003 $882 $4,265
2002 $743 $4,091
2001 $660 $3,992
2000 $593 $3,975
1999 $583 $3,950
1998 $590 $3,808
1997 $505 $3,546
1996 $487 $3,308
1995 $444 $3,514
1994 $391 $3,508
1993 $348 $3,358
1992 $356 $3,140
1991 $573 $2,821
1990 $635 $2,620
1989 - $2,462
1988 - $2,509
1987 - $2,966
1986 - $3,019
1985 - $2,972
1984 - $2,875
1983 - $2,819
1982 - $2,811
1981 - $2,605
1980 - $2,357
1979 - $1,938
1978 - $1,738
1977 - $1,503
1976 - $1,457
1975 - $1,406
1974 - $1,296
1973 - $1,164
1972 - $1,046
1971 - $979
1970 - $893
1969 - $830
1968 - $778
1967 - $745
1966 - $689
1965 - $651
1964 - $611
1963 - $587
1962 - $546
1961 - $516
1960 - $477

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/facts/armenia/panama | CC BY

Armenia vs. Panama life expectancy calculator

Life expectancy
Armenia

Panama
1x
Year Life expectancy, years
Armenia Panama
2026 76.2 80.1
2025 76 80
2024 75.8 79.8
2023 75.7 79.6
2022 74.6 79.3
2021 72.6 77
2020 68.9 76.3
2019 75.2 78.5
2018 75 78.3
2017 74.7 77.9
2016 74.5 77.8
2015 74.2 77.6
2014 74 77.4
2013 73.7 77.1
2012 73.4 76.9
2011 73.2 76.7
2010 72.9 76.4
2009 72.7 76.2
2008 72.5 75.9
2007 72.4 75.7
2006 72.2 75.4
2005 72.1 75.2
2004 71.9 74.8
2003 71.7 74.6
2002 71.5 74.2
2001 71.2 73.8
2000 70.8 73.4
1999 70.4 73.1
1998 70 72.8
1997 69.6 72.5
1996 69.2 72.2
1995 68.8 72
1994 68.4 71.9
1993 68.1 71.8
1992 67.9 71.5
1991 67.8 71.3
1990 67.7 71.3
1989 67.7 70.1
1988 52.7 70.9
1987 67.6 70.8
1986 67.4 70.7
1985 67.1 70.5
1984 66.8 70.4
1983 66.5 70.1
1982 66.1 69.9
1981 65.7 69.8
1980 65.4 69.5
1979 65 69.1
1978 64.7 68.7
1977 64.4 68.3
1976 64.1 67.8
1975 63.9 67.2
1974 63.7 66.6
1973 63.5 65.8
1972 63.2 65.2
1971 63 64.7
1970 62.8 64.1
1969 62.5 63.7
1968 62.2 63.2
1967 61.9 62.9
1966 61.6 62.6
1965 61.2 62.3
1964 60.8 62.1
1963 60.4 61.8
1962 60 61.4
1961 59.6 60.9
1960 59.1 60.3
1959 58.7 59.6
1958 58.2 58.9
1957 57.8 58.3
1956 57.4 57.9
1955 56.9 57.5
1954 56.4 57.2
1953 56 56.8
1952 55.5 56.4
1951 55 55.9
1950 54.6 55.4

Data sources: United Nations | World Population Prospects (1950–2026, retrieved 2026-03-10).

GeoRank.org/facts/armenia/panama | CC BY

Armenia and Panama population clocks and comparison

Population
Armenia

Panama
1x
Year Population
Armenia Panama
2024 3,033,500 4,515,577
2023 2,964,300 4,458,759
2022 2,969,200 4,400,773
2021 2,962,300 4,345,405
2020 2,961,500 4,293,261
2019 2,962,500 4,234,700
2018 2,969,000 4,167,860
2017 2,979,400 4,098,707
2016 2,992,300 4,029,086
2015 3,004,600 3,960,035
2014 3,013,800 3,892,101
2013 3,022,000 3,825,329
2012 3,024,100 3,759,256
2011 3,027,900 3,693,505
2010 3,044,800 3,628,535
2009 3,066,000 3,564,381
2008 3,087,100 3,500,648
2007 3,107,400 3,437,490
2006 3,127,100 3,375,024
2005 3,146,400 3,313,026
2004 3,164,900 3,251,155
2003 3,182,500 3,189,807
2002 3,199,800 3,129,344
2001 3,211,800 3,069,537
2000 3,221,100 3,010,369
1999 3,167,286 2,951,822
1998 3,208,401 2,893,914
1997 3,246,289 2,836,695
1996 3,278,735 2,780,227
1995 3,307,581 2,724,557
1994 3,364,610 2,669,546
1993 3,453,332 2,615,099
1992 3,571,861 2,561,336
1991 3,613,977 2,508,265
1990 3,552,128 2,455,583
1989 3,443,100 2,403,820
1988 3,355,125 2,352,848
1987 3,328,520 2,301,970
1986 3,294,847 2,251,325
1985 3,260,432 2,200,915
1984 3,224,547 2,150,782
1983 3,191,539 2,101,106
1982 3,163,144 2,052,271
1981 3,135,349 2,004,418
1980 3,107,415 1,957,534
1979 3,078,501 1,911,552
1978 3,012,807 1,866,311
1977 2,912,827 1,821,543
1976 2,818,165 1,776,935
1975 2,743,660 1,732,389
1974 2,686,445 1,687,926
1973 2,630,860 1,643,690
1972 2,577,079 1,599,723
1971 2,525,345 1,556,081
1970 2,475,633 1,513,070
1969 2,424,030 1,470,886
1968 2,367,319 1,429,447
1967 2,307,492 1,388,628
1966 2,246,159 1,348,388
1965 2,183,635 1,308,835
1964 2,120,135 1,270,065
1963 2,056,023 1,232,124
1962 1,991,689 1,195,301
1961 1,927,484 1,159,870
1960 1,863,705 1,126,005

Data sources: World Bank | Health (1960–2024, retrieved 2026-04-06).

GeoRank.org/facts/armenia/panama | CC BY

Fertility rates in Armenia and Panama

Fertility rate
Armenia

Panama
1x
Year Fertility rate
Armenia Panama
2023 1.9 2.12
2022 1.7 2.14
2021 1.7 2.15
2020 1.7 2.18
2019 1.6 2.29
2018 1.6 2.4
2017 1.6 2.46
2016 1.6 2.5
2015 1.6 2.53
2014 1.7 2.55
2013 1.6 2.57
2012 1.6 2.59
2011 1.5 2.6
2010 1.5 2.59
2009 1.5 2.59
2008 1.4 2.61
2007 1.4 2.61
2006 1.3 2.62
2005 1.3 2.64
2004 1.4 2.68
2003 1.3 2.68
2002 1.2 2.7
2001 1.2 2.72
2000 1.3 2.74
1999 1.53 2.77
1998 1.81 2.79
1997 1.9 2.81
1996 2.06 2.83
1995 2.07 2.85
1994 2.08 2.88
1993 2.29 2.91
1992 2.5 2.95
1991 2.64 3
1990 2.71 3.07
1989 2.71 3.12
1988 2.68 3.17
1987 2.66 3.25
1986 2.66 3.34
1985 2.64 3.43
1984 2.6 3.52
1983 2.56 3.6
1982 2.5 3.66
1981 2.48 3.72
1980 2.48 3.8
1979 2.53 3.88
1978 2.62 3.98
1977 2.74 4.12
1976 2.84 4.26
1975 2.92 4.41
1974 2.98 4.58
1973 3.08 4.74
1972 3.2 4.91
1971 3.29 5.05
1970 3.33 5.18
1969 3.49 5.29
1968 3.62 5.41
1967 3.73 5.53
1966 3.83 5.65
1965 3.99 5.73
1964 4.15 5.81
1963 4.35 5.87
1962 4.52 5.87
1961 4.67 5.87
1960 4.79 5.83

Data sources: World Bank | Health (1960–2023, retrieved 2026-04-06).

GeoRank.org/facts/armenia/panama | CC BY

Armenia and Panama demographics compared

Median age
Armenia

Panama
1x
Year Median age, years
Armenia Panama
2024 37.1 30.9
2023 36.9 30.6
2022 36.9 30.3
2021 36.6 30
2020 36.1 29.7
2019 35.6 29.4
2018 34.9 29.1
2017 34.5 28.8
2016 34.1 28.5
2015 33.8 28.3
2014 33.5 28
2013 33.2 27.8
2012 33 27.5
2011 32.7 27.2
2010 32.4 27
2009 32.1 26.7
2008 31.8 26.4
2007 31.5 26.1
2006 31.3 25.9
2005 31 25.6
2004 30.8 25.3
2003 30.6 25.1
2002 30.3 24.8
2001 30 24.5
2000 29.6 24.3
1999 29.1 24
1998 28.7 23.7
1997 28.3 23.5
1996 28.1 23.2
1995 27.8 22.9
1994 27.5 22.7
1993 27.2 22.4
1992 26.9 22.1
1991 26.7 21.8
1990 26.5 21.5
1989 26.3 21.3
1988 26 21
1987 25.7 20.7
1986 25.4 20.4
1985 25.1 20.2
1984 24.7 19.9
1983 24.4 19.7
1982 24 19.5
1981 23.7 19.2
1980 23.3 19
1979 23 18.8
1978 22.7 18.6
1977 22.5 18.4
1976 22.4 18.3
1975 22.2 18.1
1974 21.9 18
1973 21.7 17.8
1972 21.5 17.7
1971 21.4 17.7
1970 21.2 17.6
1969 21.1 17.6
1968 21.1 17.5
1967 21.1 17.5
1966 21.4 17.5
1965 21.8 17.5
1964 22.2 17.6
1963 22.5 17.6
1962 22.7 17.7
1961 22.9 17.8
1960 23 17.8

Data sources: World Bank | Health (1960–2024, retrieved 2026-04-06).

GeoRank.org/facts/armenia/panama | CC BY

Interactive Maps

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National statistics comparison

Finance

Armenia Panama
GNI, Atlas method
$23.7B
2024
$81.3B
2024
Government expenditure, % of GDP
29%
2024
23.1%
2024
Education expenditure, % of GDP
2.44%
2023
2.47%
2023
Military expenditure, % of GDP
5.48%
2024
0.97%
1999
Armed forces personnel
47,000
2020
28,000
2020
Deficit/surplus, % of GDP
-3.69%
2024
-7.42%
2024
Unemployment rate
8.3%
2023
8.61%
2024
Services, % of GDP
62%
2024
69.3%
2024
Industry, % of GDP
22.9%
2024
25.5%
2024
Economic freedom index
67.1
2026
64.9
2026
Income share by richest 10%
22.9%
2023
37.6%
2024
Income share by poorest 10%
4%
2023
1.2%
2024
Number of billionaires
1
2025
0
2025
Percentage of billionaires
0.00004%
2025
0%
2025
Listed domestic companies
12
2024
36
2024
Market capitalization of domestic companies
$4.85B
2024
$18.3B
2024
Total reserves including gold
$3.69B
2024
$6.86B
2024
Personal remittances received
$1.28B
2024
$532M
2024
International tourist arrivals
375,000
2020
647,000
2020
International tourism as share of exports
7.97%
2020
9.3%
2020
Banked people share
71.4%
2024
64.1%
2024

Energy

Armenia Panama
Energy use, kg of oil equivalent per capita
1,348 kg
2022
1,063 kg
2022
GDP PPP per kg equivalent of energy use
$14.2
2022
$34.2
2022
Carbon dioxide (CO2) emissions
7.49 megatons
2024
12.4 megatons
2024
CO2 emissions per capita
2.47 tons
2024
2.74 tons
2024
Fossil fuel energy use share
75.8%
2022
76.5%
2022
Renewable energy use share
9.1%
2021
28%
2021
Alternative and nuclear energy use share
24.3%
2022
17.3%
2022
Net energy imports use share
76.9%
2022
171.2%
2022
Electric power consumption per capita
2,404 kWh
2022
2,546 kWh
2022
Renewable electricity output share
30%
2021
79.3%
2021
Hydroelectric share
21.1%
2022
66.3%
2022
Nuclear share
31%
2022
0%
2021
Electricity access
100%
2023
97%
2023

Society

Armenia Panama
% of world population
0.04%
2024
0.06%
2024
Annual migration change
-29,013
2025
+6,151
2025
Urban population
65.8%
2024
66%
2024
Male:Female ratio
46.4:53.6
2024
50:50
2024
Average male height
5.7 ft
2025
5.58 ft
2025
Average female height
5.25 ft
2025
5.19 ft
2025
Quality of life index
58.5
2026
60.2
2026
Corruption Perceptions Index
46
2025
33
2025
Higher education index
46
2026
40
2026
Homicides per 100K people
2.19
2021
11.3
2022
Road traffic mortality per 100K people
20
2019
13.9
2019
Visa free countries
79
2025
138
2025
Adult literacy rate
99.8%
2023
96.3%
2024
English speaking
8%
2025
14%
2023
People using the Internet
80%
2023
68.5%
2023

Health

Armenia Panama
Government health expenditure per capita
$767
2023
$1,558
2023
Out-of-pocket health expenditure per capita
$617
2023
$630
2023
Life expectancy
76.2 years
2026
80.1 years
2026
Foreign aid share of health expenditure
0.39%
2023
0.76%
2023
Physicians per 1,000 people
3.36
2022
1.63
2022
Age at first childbirth
25.7 years
2021
n/a
Maternal mortality per 100K births
19
2023
37
2023
Mortality rate before reaching 5 years of age
10
2023
13.3
2023
Obesity rate
25.1%
2022
37.1%
2022
Diabetes prevalence
7.7%
2024
11.1%
2024
Air quality index
28
2026
79
2026
Tobacco use prevalence
24.9%
2022
5.2%
2022
Pure alcohol consumption per capita
4.28 liters
2020
4.66 liters
2020

Territory

Armenia Panama
% of world land
0.02%
2026
0.05%
2026
Land area per capita
3,589 sq mi
2024
6,343 sq mi
2024
Agricultural land area
6,380 sq mi
2026
8,456 sq mi
2026
Forest area
1,265 sq mi
2026
16,138 sq mi
2026
Roads length
4,785 mi
2019
n/a

In-depth comparisons

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Data sources:

  1. World Bank | Health (1960–2025, retrieved 2026-04-06)
  2. United Nations | World Population Prospects (1950–2026, retrieved 2026-03-10)
  3. U.S. Census Bureau (1960–2025, retrieved 2026-02-08)
  4. Central Intelligence Agency (CIA) (2000–2019, retrieved 2026-02-20)
  5. International Monetary Fund (IMF) | Fiscal Monitor (2024, retrieved 2026-02-20)
  6. LivingCost (2026, retrieved 2025-10-14)
  7. World Obesity Federation (2022, retrieved 2026-02-08)
  8. Passport Index (2025, retrieved 2026-02-08)
  9. Transparency International (2025, retrieved 2026-02-10)
  10. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  11. EduRank (2026, retrieved 2025-10-13)
  12. United Nations Economic Commission for Europe (UNECE) (2021, retrieved 2026-03-10)

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