East Timor vs Panama: Economic Indicators Comparison

Panama with a GDP of $65.1B ranked the 75th largest economy in the world, while East Timor ranked 171st with $2.6B. By GDP 5-years average growth and GDP per capita, Panama and East Timor ranked 33rd vs 137th and 61st vs 146th, respectively.

Gross Domestic Product & Income

Stat	East Timor	Panama
GDP	$2.6B	$65.1B
GDP growth, 1 year	0.8%	3.9%
GDP growth, 5-years average	1.9%	5%
Population	1.3M	4.1M
GDP per capita	$2k	$16k
GDP per capita growth	0.81%	1.94%
Purchasing Power Parity conversion factor	0.27	0.61
Price level ratio of PPP conversion factor GDP to market exchange rate	0.27	0.61
GDP per capita, PPP adjusted	$5.2k	$26k
GNI, Atlas method	$2.3B	$60B
GNI per capita	$1.8k	$14k
GNI, PPP adjusted	$8.9B	$98.4B
GNI per capita, PPP adjusted	$7k	$24k

Financial system and Human development

Stat	East Timor	Panama
Income Tax Rate	10%	25%
Corporate Tax Rate	10%	25%
Inflation, consumer prices	2.3%	0.8%
Inflation, GDP deflator	0.9%	0.7%
Unemployment	3%	3.9%
Economic Freedom Index	45.9	67.2
Personal Freedom Index	7.19	7.73
Human Freedom Index	6.41	7.53
Property Rights Index	45.2	58.8
Judical Effectiveness Index	12.6	30
Business Freedom Index	64	70.8
Fiscal Health Index	19.9	91.2
Labor Freedom Index	58.9	43.3
Investment Freedom Index	45	75
Financial Freedom Index	20	70
Trade Freedom Index	75	79.2
Monetary Freedom Index	76.5	79.4
Government Spending Index	5.3	85.7
Tax Burden Index	96.3	85.3
Government Integrity Index	32.5	37.2
Corruption Perceptions Index	35	37
Life expectancy at birth, years	69	78.1
Suicide mortality rate, per 100,000 people	4.6	4.3
Mortality caused by road traffic injury, per 100,000 people	12.7	14.3
Intentional homicides, per 100,000 people	4	9.7
International tourism, number of arrivals	75k	1.8M

Government debt & reserves

Stat	East Timor	Panama
Central government debt, % of GDP	5.4%	39.4%
External debt stocks, % of GNI	6.7%	N/A
External debt stocks	$158.1M	N/A
Short-term debt, % of total reserves	0.4%	N/A
Total debt service, % of exports and primary income	0.3%	N/A
Adjusted net savings including particulate emission damage, % of GNI	-14.6%	25.3%
Gross savings, % of GDP	12.3%	29.1%
Gross capital formation, % of GDP	22.5%	41.7%
Total reserves including gold	$673.9M	$2.1B
Foreign direct investment net inflows	$47.9M	$5.9B

Exports, imports and economic structure

Stat	East Timor	Panama
Exports of goods and services, % of GDP	61.1%	42.3%
Imports of goods and services, % of GDP	59.9%	45.3%
Current account balance (balance of payments)	-$191.1M	-$6.8B
Revenue excluding grants, % of GDP	38.4%	N/A
Grants excluding technical cooperation, BoP	$119.1M	$22.3M
Personal remittances received	$96.3M	$537.9M
Industry including construction value added, % of GDP	45.8%	29.2%
Agriculture, forestry and fishing value added, % of GDP	10.4%	2.2%
Charges for the use of intellectual property, payments BoP	$33k	$39.4M
Charges for the use of intellectual property, receipts BoP	N/A	$21.7M
Expense, % of GDP	36.4%	N/A
Government Expenditure, % of GDP	56.2%	21.8%