Ghana vs Panama: Economic Indicators Comparison

Ghana with a GDP of $65.6B ranked the 73rd largest economy in the world, while Panama ranked 75th with $65.1B. By GDP 5-years average growth and GDP per capita, Ghana and Panama ranked 46th vs 33rd and 142nd vs 61st, respectively.

Gross Domestic Product & Income

StatGhanaPanama
GDP$65.6B$65.1B
GDP growth, 1 year5.6%3.9%
GDP growth, 5-years average4.5%5%
Population26.9M4.1M
GDP per capita$2.2k$16k
GDP per capita growth3.96%1.94%
Purchasing Power Parity conversion factor2.130.61
Price level ratio of PPP conversion factor GDP to market exchange rate0.460.61
GDP per capita, PPP adjusted$6.5k$26k
GNI, Atlas method$63.4B$60B
GNI per capita$2.1k$14k
GNI, PPP adjusted$138.5B$98.4B
GNI per capita, PPP adjusted$4.7k$24k

Financial system and Human development

StatGhanaPanama
Income Tax Rate35%25%
Corporate Tax Rate25%25%
Inflation, consumer prices9.8%0.8%
Inflation, GDP deflator10.2%0.7%
Unemployment6.7%3.9%
Economic Freedom Index59.467.2
Personal Freedom Index7.647.73
Human Freedom Index7.217.53
Property Rights Index52.558.8
Judical Effectiveness Index46.130
Business Freedom Index58.470.8
Fiscal Health Index35.691.2
Labor Freedom Index59.343.3
Investment Freedom Index7075
Financial Freedom Index6070
Trade Freedom Index63.879.2
Monetary Freedom Index68.979.4
Government Spending Index88.185.7
Tax Burden Index78.485.3
Government Integrity Index32.237.2
Corruption Perceptions Index4137
Life expectancy at birth, years63.578.1
Suicide mortality rate, per 100,000 people5.44.3
Mortality caused by road traffic injury, per 100,000 people24.914.3
Intentional homicides, per 100,000 people2.19.7
International tourism, number of arrivals897k1.8M

Government debt & reserves

StatGhanaPanama
Central government debt, % of GDP59.6%39.4%
External debt stocks, % of GNI36.3%N/A
External debt stocks$23.3BN/A
Short-term debt, % of total reserves57.7%N/A
Total debt service, % of exports and primary income9.4%N/A
Adjusted net savings including particulate emission damage, % of GNI-8.4%25.3%
Gross savings, % of GDP21%29.1%
Gross capital formation, % of GDP14.9%41.7%
Total reserves including gold$6.3B$2.1B
Foreign direct investment net inflows$3B$5.9B

Exports, imports and economic structure

StatGhanaPanama
Exports of goods and services, % of GDP35.3%42.3%
Imports of goods and services, % of GDP36.4%45.3%
Current account balance (balance of payments)-$2B-$6.8B
Revenue excluding grants, % of GDP27.2%N/A
Grants excluding technical cooperation, BoP$713.6M$22.3M
Personal remittances received$3.5B$537.9M
Industry including construction value added, % of GDP31.5%29.2%
Agriculture, forestry and fishing value added, % of GDP18.3%2.2%
Charges for the use of intellectual property, payments BoP$700k$39.4M
Charges for the use of intellectual property, receipts BoPN/A$21.7M
Expense, % of GDP30.5%N/A
Government Expenditure, % of GDP20%21.8%

Compare with countries close by GDP per capita

Ghana vs

CountryGDP
per capita
Population
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
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M
Honduras
$2.5k
9.27M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
Solomon Islands
$2.1k
611k
East Timor
$2k
1.3M
Syria
$2k
18.3M
Nicaragua
$2k
6.22M
Nigeria
$2k
191M
India
$2k
1.33B
Sao Tome and Principe
$2k
204k
Ivory Coast
$1.7k
24.3M
Kenya
$1.7k
48.5M
North Korea
$1.7k
25.5M
Bangladesh
$1.7k
165M
Kiribati
$1.6k
116k
Zambia
$1.5k
17.1M

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