Croatia vs Panama: Economic Indicators Comparison

Panama with a GDP of $65.1B ranked the 75th largest economy in the world, while Croatia ranked 76th with $61B. By GDP 5-years average growth and GDP per capita, Panama and Croatia ranked 33rd vs 118th and 61st vs 63rd, respectively.

Gross Domestic Product & Income

StatCroatiaPanama
GDP$61B$65.1B
GDP growth, 1 year2.7%3.9%
GDP growth, 5-years average2.3%5%
Population4.1M4.1M
GDP per capita$15k$16k
GDP per capita growth3.51%1.94%
Purchasing Power Parity conversion factor3.390.61
Price level ratio of PPP conversion factor GDP to market exchange rate0.540.61
GDP per capita, PPP adjusted$26k$26k
GNI, Atlas method$57.2B$60B
GNI per capita$14k$14k
GNI, PPP adjusted$111.1B$98.4B
GNI per capita, PPP adjusted$27k$24k

Financial system and Human development

StatCroatiaPanama
Income Tax Rate40%25%
Corporate Tax Rate18%25%
Inflation, consumer prices1.5%0.8%
Inflation, GDP deflator1.8%0.7%
Unemployment8.9%3.9%
Economic Freedom Index62.267.2
Personal Freedom Index8.087.73
Human Freedom Index7.467.53
Property Rights Index69.958.8
Judical Effectiveness Index39.630
Business Freedom Index53.670.8
Fiscal Health Index89.191.2
Labor Freedom Index4443.3
Investment Freedom Index7575
Financial Freedom Index6070
Trade Freedom Index86.479.2
Monetary Freedom Index77.679.4
Government Spending Index34.785.7
Tax Burden Index65.985.3
Government Integrity Index5137.2
Corruption Perceptions Index4837
Life expectancy at birth, years77.878.1
Suicide mortality rate, per 100,000 people16.54.3
Mortality caused by road traffic injury, per 100,000 people8.114.3
Intentional homicides, per 100,000 people1.19.7
International tourism, number of arrivals16.6M1.8M

Government debt & reserves

StatCroatiaPanama
Central government debt, % of GDP73.9%39.4%
External debt stocks, % of GNIN/AN/A
External debt stocksN/AN/A
Short-term debt, % of total reservesN/AN/A
Total debt service, % of exports and primary incomeN/AN/A
Adjusted net savings including particulate emission damage, % of GNI10.8%25.3%
Gross savings, % of GDP24.2%29.1%
Gross capital formation, % of GDP23.1%41.7%
Total reserves including gold$20B$2.1B
Foreign direct investment net inflows$1.3B$5.9B

Exports, imports and economic structure

StatCroatiaPanama
Exports of goods and services, % of GDP50.5%42.3%
Imports of goods and services, % of GDP51.4%45.3%
Current account balance (balance of payments)$1.5B-$6.8B
Revenue excluding grants, % of GDP39.7%N/A
Grants excluding technical cooperation, BoP$260k$22.3M
Personal remittances received$2.9B$537.9M
Industry including construction value added, % of GDP20.4%29.2%
Agriculture, forestry and fishing value added, % of GDP2.9%2.2%
Charges for the use of intellectual property, payments BoP$309.7M$39.4M
Charges for the use of intellectual property, receipts BoP$63.2M$21.7M
Expense, % of GDP38.5%N/A
Government Expenditure, % of GDP46.6%21.8%

Compare with countries close by GDP per capita

Croatia vs

CountryGDP
per capita
Population
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
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
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M

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
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
Mexico
$9.7k
131M