Azerbaijan vs Panama: Economic Indicators Comparison

Panama with a GDP of $65.1B ranked the 75th largest economy in the world, while Azerbaijan ranked 88th with $46.9B. By GDP 5-years average growth and GDP per capita, Panama and Azerbaijan ranked 33rd vs 164th and 61st vs 110th, respectively.

Gross Domestic Product & Income

StatAzerbaijanPanama
GDP$46.9B$65.1B
GDP growth, 1 year1.4%3.9%
GDP growth, 5-years average0.4%5%
Population10M4.1M
GDP per capita$4.7k$16k
GDP per capita growth0.51%1.94%
Purchasing Power Parity conversion factor0.440.61
Price level ratio of PPP conversion factor GDP to market exchange rate0.260.61
GDP per capita, PPP adjusted$18k$26k
GNI, Atlas method$40.3B$60B
GNI per capita$4.1k$14k
GNI, PPP adjusted$170B$98.4B
GNI per capita, PPP adjusted$17k$24k

Financial system and Human development

StatAzerbaijanPanama
Income Tax Rate25%25%
Corporate Tax Rate20%25%
Inflation, consumer prices2.3%0.8%
Inflation, GDP deflator11.9%0.7%
Unemployment5.2%3.9%
Economic Freedom Index69.367.2
Personal Freedom Index6.737.73
Human Freedom Index6.447.53
Property Rights Index67.158.8
Judical Effectiveness Index53.930
Business Freedom Index80.870.8
Fiscal Health Index99.291.2
Labor Freedom Index66.243.3
Investment Freedom Index7075
Financial Freedom Index6070
Trade Freedom Index74.679.2
Monetary Freedom Index69.879.4
Government Spending Index6385.7
Tax Burden Index8885.3
Government Integrity Index38.737.2
Corruption Perceptions Index2537
Life expectancy at birth, years72.778.1
Suicide mortality rate, per 100,000 people2.64.3
Mortality caused by road traffic injury, per 100,000 people8.714.3
Intentional homicides, per 100,000 people29.7
International tourism, number of arrivals2.6M1.8M

Government debt & reserves

StatAzerbaijanPanama
Central government debt, % of GDP19.4%39.4%
External debt stocks, % of GNI36.4%N/A
External debt stocks$16.2BN/A
Short-term debt, % of total reserves8.5%N/A
Total debt service, % of exports and primary income10.5%N/A
Adjusted net savings including particulate emission damage, % of GNI9.5%25.3%
Gross savings, % of GDP33%29.1%
Gross capital formation, % of GDP20.1%41.7%
Total reserves including gold$6.7B$2.1B
Foreign direct investment net inflows$1.4B$5.9B

Exports, imports and economic structure

StatAzerbaijanPanama
Exports of goods and services, % of GDP54.3%42.3%
Imports of goods and services, % of GDP37.7%45.3%
Current account balance (balance of payments)$6.1B-$6.8B
Revenue excluding grants, % of GDP35.1%N/A
Grants excluding technical cooperation, BoP$45.7M$22.3M
Personal remittances received$1.2B$537.9M
Industry including construction value added, % of GDP52.2%29.2%
Agriculture, forestry and fishing value added, % of GDP5.3%2.2%
Charges for the use of intellectual property, payments BoP$28.2M$39.4M
Charges for the use of intellectual property, receipts BoP$28k$21.7M
Expense, % of GDP28%N/A
Government Expenditure, % of GDP35.1%21.8%

Compare with countries close by GDP per capita

Azerbaijan vs

CountryGDP
per capita
Population
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k

Panama vs

CountryGDP
per capita
Population
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
21.7k
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B