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

StatEl SalvadorPanama
GDP$26.1B$65.1B
GDP growth, 1 year2.5%3.9%
GDP growth, 5-years average2.3%5%
Population6.4M4.1M
GDP per capita$4.1k$16k
GDP per capita growth2.02%1.94%
Purchasing Power Parity conversion factor0.490.61
Price level ratio of PPP conversion factor GDP to market exchange rate0.490.61
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

StatEl SalvadorPanama
Income Tax Rate30%25%
Corporate Tax Rate30%25%
Inflation, consumer prices1.1%0.8%
Inflation, GDP deflator1.9%0.7%
Unemployment4.4%3.9%
Economic Freedom Index61.667.2
Personal Freedom Index7.277.73
Human Freedom Index7.47.53
Property Rights Index41.658.8
Judical Effectiveness Index30.130
Business Freedom Index53.670.8
Fiscal Health Index8091.2
Labor Freedom Index52.343.3
Investment Freedom Index7075
Financial Freedom Index6070
Trade Freedom Index80.879.2
Monetary Freedom Index78.679.4
Government Spending Index82.885.7
Tax Burden Index77.885.3
Government Integrity Index31.637.2
Corruption Perceptions Index3537
Life expectancy at birth, years72.978.1
Suicide mortality rate, per 100,000 people13.74.3
Mortality caused by road traffic injury, per 100,000 people22.214.3
Intentional homicides, per 100,000 people61.89.7
International tourism, number of arrivals1.7M1.8M

Government debt & reserves

StatEl SalvadorPanama
Central government debt, % of GDP67.1%39.4%
External debt stocks, % of GNI71.1%N/A
External debt stocks$17.5BN/A
Short-term debt, % of total reserves58%N/A
Total debt service, % of exports and primary income45.8%N/A
Adjusted net savings including particulate emission damage, % of GNI6.4%25.3%
Gross savings, % of GDP15.7%29.1%
Gross capital formation, % of GDP20.4%41.7%
Total reserves including gold$3.6B$2.1B
Foreign direct investment net inflows$426.8M$5.9B

Exports, imports and economic structure

StatEl SalvadorPanama
Exports of goods and services, % of GDP28.9%42.3%
Imports of goods and services, % of GDP48.6%45.3%
Current account balance (balance of payments)-$1.2B-$6.8B
Revenue excluding grants, % of GDP25.1%N/A
Grants excluding technical cooperation, BoP$263.7M$22.3M
Personal remittances received$5.4B$537.9M
Industry including construction value added, % of GDP25.3%29.2%
Agriculture, forestry and fishing value added, % of GDP4.9%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 GDP24.9%N/A
Government Expenditure, % of GDP23.9%21.8%

Compare with countries close by GDP per capita

El Salvador vs

CountryGDP
per capita
Population
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k

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
Croatia
$15k
4.11M
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