Ethiopia vs Panama: Economic Indicators Comparison

Ethiopia with a GDP of $84.4B ranked the 68th largest economy in the world, while Panama ranked 75th with $65.1B. By GDP 5-years average growth and GDP per capita, Ethiopia and Panama ranked 2nd vs 33rd and 181st vs 61st, respectively.

Gross Domestic Product & Income

StatEthiopiaPanama
GDP$84.4B$65.1B
GDP growth, 1 year7.7%3.9%
GDP growth, 5-years average9.3%5%
Population105M4.1M
GDP per capita$772$16k
GDP per capita growth4.05%1.94%
Purchasing Power Parity conversion factor9.970.61
Price level ratio of PPP conversion factor GDP to market exchange rate0.380.61
GDP per capita, PPP adjusted$2.3k$26k
GNI, Atlas method$86.7B$60B
GNI per capita$790$14k
GNI, PPP adjusted$219.4B$98.4B
GNI per capita, PPP adjusted$2k$24k

Financial system and Human development

StatEthiopiaPanama
Income Tax Rate35%25%
Corporate Tax Rate30%25%
Inflation, consumer prices13.8%0.8%
Inflation, GDP deflator12.5%0.7%
Unemployment1.8%3.9%
Economic Freedom Index53.667.2
Personal Freedom Index5.447.73
Human Freedom Index5.337.53
Property Rights Index36.558.8
Judical Effectiveness Index45.130
Business Freedom Index48.670.8
Fiscal Health Index79.291.2
Labor Freedom Index57.643.3
Investment Freedom Index3575
Financial Freedom Index2070
Trade Freedom Index60.879.2
Monetary Freedom Index62.779.4
Government Spending Index90.885.7
Tax Burden Index77.485.3
Government Integrity Index29.437.2
Corruption Perceptions Index3437
Life expectancy at birth, years65.978.1
Suicide mortality rate, per 100,000 people7.24.3
Mortality caused by road traffic injury, per 100,000 people26.714.3
Intentional homicides, per 100,000 people7.69.7
International tourism, number of arrivals849k1.8M

Government debt & reserves

StatEthiopiaPanama
Central government debt, % of GDP61.1%39.4%
External debt stocks, % of GNI33.4%N/A
External debt stocks$28BN/A
Short-term debt, % of total reserves18.8%N/A
Total debt service, % of exports and primary income20.8%N/A
Adjusted net savings including particulate emission damage, % of GNI9.3%25.3%
Gross savings, % of GDP33.2%29.1%
Gross capital formation, % of GDP34.1%41.7%
Total reserves including gold$4B$2.1B
Foreign direct investment net inflows$3.4B$5.9B

Exports, imports and economic structure

StatEthiopiaPanama
Exports of goods and services, % of GDP8.4%42.3%
Imports of goods and services, % of GDP22.8%45.3%
Current account balance (balance of payments)-$4.6B-$6.8B
Revenue excluding grants, % of GDP9%N/A
Grants excluding technical cooperation, BoP$2.4B$22.3M
Personal remittances received$436.3M$537.9M
Industry including construction value added, % of GDP27.3%29.2%
Agriculture, forestry and fishing value added, % of GDP31.2%2.2%
Charges for the use of intellectual property, payments BoP$26.7M$39.4M
Charges for the use of intellectual property, receipts BoP$7.8M$21.7M
Expense, % of GDP10.8%N/A
Government Expenditure, % of GDP17.5%21.8%

Compare with countries close by GDP per capita

Ethiopia vs

CountryGDP
per capita
Population
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
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
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
Niger
$414
21.5M
Malawi
$389
18.6M
Somalia
$315
11M

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