El Salvador vs Panama: Economic Indicators Comparison

Panama with a GDP of $65.1B ranked the 75th largest economy in the world, while El Salvador ranked 107th with $26.1B. By GDP 5-years average growth and GDP per capita, Panama and El Salvador ranked 33rd vs 119th and 61st vs 121st, respectively.

Gross Domestic Product & Income

Stat	El Salvador	Panama
GDP	$26.1B	$65.1B
GDP growth, 1 year	2.5%	3.9%
GDP growth, 5-years average	2.3%	5%
Population	6.4M	4.1M
GDP per capita	$4.1k	$16k
GDP per capita growth	2.02%	1.94%
Purchasing Power Parity conversion factor	0.49	0.61
Price level ratio of PPP conversion factor GDP to market exchange rate	0.49	0.61
GDP per capita, PPP adjusted	$8k	$26k
GNI, Atlas method	$24.5B	$60B
GNI per capita	$3.8k	$14k
GNI, PPP adjusted	$50.5B	$98.4B
GNI per capita, PPP adjusted	$7.9k	$24k

Financial system and Human development

Stat	El Salvador	Panama
Income Tax Rate	30%	25%
Corporate Tax Rate	30%	25%
Inflation, consumer prices	1.1%	0.8%
Inflation, GDP deflator	1.9%	0.7%
Unemployment	4.4%	3.9%
Economic Freedom Index	61.6	67.2
Personal Freedom Index	7.27	7.73
Human Freedom Index	7.4	7.53
Property Rights Index	41.6	58.8
Judical Effectiveness Index	30.1	30
Business Freedom Index	53.6	70.8
Fiscal Health Index	80	91.2
Labor Freedom Index	52.3	43.3
Investment Freedom Index	70	75
Financial Freedom Index	60	70
Trade Freedom Index	80.8	79.2
Monetary Freedom Index	78.6	79.4
Government Spending Index	82.8	85.7
Tax Burden Index	77.8	85.3
Government Integrity Index	31.6	37.2
Corruption Perceptions Index	35	37
Life expectancy at birth, years	72.9	78.1
Suicide mortality rate, per 100,000 people	13.7	4.3
Mortality caused by road traffic injury, per 100,000 people	22.2	14.3
Intentional homicides, per 100,000 people	61.8	9.7
International tourism, number of arrivals	1.7M	1.8M

Government debt & reserves

Stat	El Salvador	Panama
Central government debt, % of GDP	67.1%	39.4%
External debt stocks, % of GNI	71.1%	N/A
External debt stocks	$17.5B	N/A
Short-term debt, % of total reserves	58%	N/A
Total debt service, % of exports and primary income	45.8%	N/A
Adjusted net savings including particulate emission damage, % of GNI	6.4%	25.3%
Gross savings, % of GDP	15.7%	29.1%
Gross capital formation, % of GDP	20.4%	41.7%
Total reserves including gold	$3.6B	$2.1B
Foreign direct investment net inflows	$426.8M	$5.9B

Exports, imports and economic structure

Stat	El Salvador	Panama
Exports of goods and services, % of GDP	28.9%	42.3%
Imports of goods and services, % of GDP	48.6%	45.3%
Current account balance (balance of payments)	-$1.2B	-$6.8B
Revenue excluding grants, % of GDP	25.1%	N/A
Grants excluding technical cooperation, BoP	$263.7M	$22.3M
Personal remittances received	$5.4B	$537.9M
Industry including construction value added, % of GDP	25.3%	29.2%
Agriculture, forestry and fishing value added, % of GDP	4.9%	2.2%
Charges for the use of intellectual property, payments BoP	$98.8M	$39.4M
Charges for the use of intellectual property, receipts BoP	$23M	$21.7M
Expense, % of GDP	24.9%	N/A
Government Expenditure, % of GDP	23.9%	21.8%