Eritrea vs Panama: Economic Indicators Comparison

Panama with a GDP of $65.1B ranked the 75th largest economy in the world, while Eritrea ranked 170th with $2.6B. By GDP 5-years average growth and GDP per capita, Panama and Eritrea ranked 33rd vs 79th and 61st vs 178th, respectively.

Gross Domestic Product & Income

StatEritreaPanama
GDP$2.6B$65.1B
GDP growth, 1 year4.2%3.9%
GDP growth, 5-years average3.3%5%
Population3.5M4.1M
GDP per capita$811$16k
GDP per capita growth7.21%1.94%
Purchasing Power Parity conversion factor5.930.61
Price level ratio of PPP conversion factor GDP to market exchange rate0.390.61
GDP per capita, PPP adjusted$1.7k$26k
GNI, Atlas method$2.3B$60B
GNI per capita$720$14k
GNI, PPP adjusted$6.7B$98.4B
GNI per capita, PPP adjusted$2.1k$24k

Financial system and Human development

StatEritreaPanama
Income Tax Rate30%25%
Corporate Tax Rate30%25%
Inflation, consumer prices9%0.8%
Inflation, GDP deflator13.3%0.7%
Unemployment6.5%3.9%
Economic Freedom Index38.567.2
Personal Freedom Index4.87.73
Human Freedom Index4.87.53
Property Rights Index32.558.8
Judical Effectiveness Index14.330
Business Freedom Index18.270.8
Fiscal Health Index091.2
Labor Freedom Index69.743.3
Investment Freedom Index075
Financial Freedom Index2070
Trade Freedom Index69.279.2
Monetary Freedom Index6179.4
Government Spending Index74.785.7
Tax Burden Index81.485.3
Government Integrity Index21.437.2
Corruption Perceptions Index2437
Life expectancy at birth, years65.578.1
Suicide mortality rate, per 100,000 people7.94.3
Mortality caused by road traffic injury, per 100,000 people25.314.3
Intentional homicides, per 100,000 people89.7
International tourism, number of arrivals142k1.8M

Government debt & reserves

StatEritreaPanama
Central government debt, % of GDP129.4%39.4%
External debt stocks, % of GNI40.8%N/A
External debt stocks$791.2MN/A
Short-term debt, % of total reserves16%N/A
Total debt service, % of exports and primary income4.3%N/A
Adjusted net savings including particulate emission damage, % of GNI0.5%25.3%
Gross savings, % of GDP15.8%29.1%
Gross capital formation, % of GDP10%41.7%
Total reserves including gold$114.8M$2.1B
Foreign direct investment net inflows$61M$5.9B

Exports, imports and economic structure

StatEritreaPanama
Exports of goods and services, % of GDP14.4%42.3%
Imports of goods and services, % of GDP23.2%45.3%
Current account balance (balance of payments)-$104.7M-$6.8B
Revenue excluding grants, % of GDPN/AN/A
Grants excluding technical cooperation, BoP$82M$22.3M
Personal remittances received$3.3M$537.9M
Industry including construction value added, % of GDP21.8%29.2%
Agriculture, forestry and fishing value added, % of GDP14.1%2.2%
Charges for the use of intellectual property, payments BoP$281k$39.4M
Charges for the use of intellectual property, receipts BoP$94k$21.7M
Expense, % of GDPN/AN/A
Government Expenditure, % of GDP29.1%21.8%

Compare with countries close by GDP per capita

Eritrea vs

CountryGDP
per capita
Population
Comoros
$1.4k
824k
Myanmar
$1.3k
53.4M
Lesotho
$1.3k
2.23M
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M
Togo
$679
7.8M
Liberia
$677
4.73M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Madagascar
$528
25.6M
Afghanistan
$521
34.9M
Mozambique
$499
29.7M
Central African Republic
$476
4.66M

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