Curacao vs Panama: Economic Indicators Comparison

Panama with a GDP of $65.1B ranked the 75th largest economy in the world, while Curacao ranked 166th with $3.1B. By GDP per capita, Panama and Curacao ranked 61st vs 46th, respectively.

Gross Domestic Product & Income

Stat	Curacao	Panama
GDP	$3.1B	$65.1B
GDP growth, 1 year	-2.17%	3.9%
GDP growth, 5-years average	N/A	5%
Population	160k	4.1M
GDP per capita	$20k	$16k
GDP per capita growth	-1.97%	1.94%
Purchasing Power Parity conversion factor	1.26	0.61
Price level ratio of PPP conversion factor GDP to market exchange rate	0.71	0.61
GDP per capita, PPP adjusted	$28k	$26k
GNI, Atlas method	$3.1B	$60B
GNI per capita	$19k	$14k
GNI, PPP adjusted	$4.5B	$98.4B
GNI per capita, PPP adjusted	$28k	$24k

Financial system and Human development

Stat	Curacao	Panama
Income Tax Rate	N/A	25%
Corporate Tax Rate	N/A	25%
Inflation, consumer prices	1.6%	0.8%
Inflation, GDP deflator	2.6%	0.7%
Unemployment	13.4%	3.9%
Economic Freedom Index	78	67.2
Personal Freedom Index	7.3	7.73
Human Freedom Index	7.2	7.53
Property Rights Index	N/A	58.8
Judical Effectiveness Index	N/A	30
Business Freedom Index	N/A	70.8
Fiscal Health Index	N/A	91.2
Labor Freedom Index	N/A	43.3
Investment Freedom Index	N/A	75
Financial Freedom Index	N/A	70
Trade Freedom Index	N/A	79.2
Monetary Freedom Index	N/A	79.4
Government Spending Index	N/A	85.7
Tax Burden Index	N/A	85.3
Government Integrity Index	N/A	37.2
Corruption Perceptions Index	72	37
Life expectancy at birth, years	78	78.1
Suicide mortality rate, per 100,000 people	0.5	4.3
Mortality caused by road traffic injury, per 100,000 people	17	14.3
Intentional homicides, per 100,000 people	19.2	9.7
International tourism, number of arrivals	432k	1.8M

Government debt & reserves

Stat	Curacao	Panama
Central government debt, % of GDP	N/A	39.4%
External debt stocks, % of GNI	N/A	N/A
External debt stocks	N/A	N/A
Short-term debt, % of total reserves	N/A	N/A
Total debt service, % of exports and primary income	N/A	N/A
Adjusted net savings including particulate emission damage, % of GNI	N/A	25.3%
Gross savings, % of GDP	22.3%	29.1%
Gross capital formation, % of GDP	N/A	41.7%
Total reserves including gold	N/A	$2.1B
Foreign direct investment net inflows	$126.9M	$5.9B

Exports, imports and economic structure

Stat	Curacao	Panama
Exports of goods and services, % of GDP	72.2%	42.3%
Imports of goods and services, % of GDP	85.3%	45.3%
Current account balance (balance of payments)	-$897.8M	-$6.8B
Revenue excluding grants, % of GDP	N/A	N/A
Grants excluding technical cooperation, BoP	N/A	$22.3M
Personal remittances received	$155.3M	$537.9M
Industry including construction value added, % of GDP	16.8%	29.2%
Agriculture, forestry and fishing value added, % of GDP	0.4%	2.2%
Charges for the use of intellectual property, payments BoP	$26.7M	$39.4M
Charges for the use of intellectual property, receipts BoP	$4.4M	$21.7M
Expense, % of GDP	N/A	N/A
Government Expenditure, % of GDP	N/A	21.8%