Brazil vs Panama: Economic Indicators Comparison

Brazil with a GDP of $1.9T ranked the 9th largest economy in the world, while Panama ranked 75th with $65.1B. By GDP 5-years average growth and GDP per capita, Brazil and Panama ranked 171st vs 33rd and 80th vs 61st, respectively.

Gross Domestic Product & Income

Stat	Brazil	Panama
GDP	$1.9T	$65.1B
GDP growth, 1 year	1.1%	3.9%
GDP growth, 5-years average	-0.8%	5%
Population	210.1M	4.1M
GDP per capita	$8.9k	$16k
GDP per capita growth	0.33%	1.94%
Purchasing Power Parity conversion factor	2.02	0.61
Price level ratio of PPP conversion factor GDP to market exchange rate	0.55	0.61
GDP per capita, PPP adjusted	$16k	$26k
GNI, Atlas method	$1.9T	$60B
GNI per capita	$9.1k	$14k
GNI, PPP adjusted	$3.3T	$98.4B
GNI per capita, PPP adjusted	$16k	$24k

Financial system and Human development

Stat	Brazil	Panama
Income Tax Rate	27.5%	25%
Corporate Tax Rate	34%	25%
Inflation, consumer prices	3.7%	0.8%
Inflation, GDP deflator	3%	0.7%
Unemployment	12.5%	3.9%
Economic Freedom Index	53.7	67.2
Personal Freedom Index	7.72	7.73
Human Freedom Index	7.05	7.53
Property Rights Index	57.3	58.8
Judical Effectiveness Index	46.7	30
Business Freedom Index	60.5	70.8
Fiscal Health Index	4.6	91.2
Labor Freedom Index	49.5	43.3
Investment Freedom Index	60	75
Financial Freedom Index	50	70
Trade Freedom Index	67.8	79.2
Monetary Freedom Index	77.2	79.4
Government Spending Index	54.6	85.7
Tax Burden Index	70.4	85.3
Government Integrity Index	45.6	37.2
Corruption Perceptions Index	35	37
Life expectancy at birth, years	75.5	78.1
Suicide mortality rate, per 100,000 people	6.5	4.3
Mortality caused by road traffic injury, per 100,000 people	19.7	14.3
Intentional homicides, per 100,000 people	30.5	9.7
International tourism, number of arrivals	6.6M	1.8M

Government debt & reserves

Stat	Brazil	Panama
Central government debt, % of GDP	87.9%	39.4%
External debt stocks, % of GNI	30.3%	N/A
External debt stocks	$557.8B	N/A
Short-term debt, % of total reserves	17.8%	N/A
Total debt service, % of exports and primary income	31.7%	N/A
Adjusted net savings including particulate emission damage, % of GNI	6.1%	25.3%
Gross savings, % of GDP	14.4%	29.1%
Gross capital formation, % of GDP	15.4%	41.7%
Total reserves including gold	$374.7B	$2.1B
Foreign direct investment net inflows	$78.2B	$5.9B

Exports, imports and economic structure

Stat	Brazil	Panama
Exports of goods and services, % of GDP	14.8%	42.3%
Imports of goods and services, % of GDP	14.3%	45.3%
Current account balance (balance of payments)	-$41.5B	-$6.8B
Revenue excluding grants, % of GDP	27.2%	N/A
Grants excluding technical cooperation, BoP	$241.7M	$22.3M
Personal remittances received	$2.9B	$537.9M
Industry including construction value added, % of GDP	18.4%	29.2%
Agriculture, forestry and fishing value added, % of GDP	4.4%	2.2%
Charges for the use of intellectual property, payments BoP	$5.1B	$39.4M
Charges for the use of intellectual property, receipts BoP	$825.5M	$21.7M
Expense, % of GDP	34.9%	N/A
Government Expenditure, % of GDP	38.9%	21.8%