Grenada vs Panama: Economic Indicators Comparison
Gross Domestic Product & Income
| Stat |  Grenada |  Panama |
|---|---|---|
| GDP | $1.2B | $65.1B |
| GDP growth, 1 year | 4.18% | 3.9% |
| GDP growth, 5-years average | N/A | 5% |
| Population | 108k | 4.1M |
| GDP per capita | $11k | $16k |
| GDP per capita growth | 3.64% | 1.94% |
| Purchasing Power Parity conversion factor | 1.85 | 0.61 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.68 | 0.61 |
| GDP per capita, PPP adjusted | $16k | $26k |
| GNI, Atlas method | $1.1B | $60B |
| GNI per capita | $9.7k | $14k |
| GNI, PPP adjusted | $1.6B | $98.4B |
| GNI per capita, PPP adjusted | $14k | $24k |
Financial system and Human development
| Stat | Grenada | Panama |
|---|---|---|
| Income Tax Rate | N/A | 25% |
| Corporate Tax Rate | N/A | 25% |
| Inflation, consumer prices | 0.8% | 0.8% |
| Inflation, GDP deflator | 1% | 0.7% |
| Unemployment | 22.9% | 3.9% |
| Economic Freedom Index | 63 | 67.2 |
| Personal Freedom Index | 6 | 7.73 |
| Human Freedom Index | 6 | 7.53 |
| Property Rights Index | N/A | 58.8 |
| Judical Effectiveness Index | N/A | 30 |
| Business Freedom Index | N/A | 70.8 |
| Fiscal Health Index | N/A | 91.2 |
| Labor Freedom Index | N/A | 43.3 |
| Investment Freedom Index | N/A | 75 |
| Financial Freedom Index | N/A | 70 |
| Trade Freedom Index | N/A | 79.2 |
| Monetary Freedom Index | N/A | 79.4 |
| Government Spending Index | N/A | 85.7 |
| Tax Burden Index | N/A | 85.3 |
| Government Integrity Index | N/A | 37.2 |
| Corruption Perceptions Index | 52 | 37 |
| Life expectancy at birth, years | 72.4 | 78.1 |
| Suicide mortality rate, per 100,000 people | 1.7 | 4.3 |
| Mortality caused by road traffic injury, per 100,000 people | 9.3 | 14.3 |
| Intentional homicides, per 100,000 people | 11.1 | 9.7 |
| International tourism, number of arrivals | 185k | 1.8M |
Government debt & reserves
| Stat | Grenada | Panama |
|---|---|---|
| Central government debt, % of GDP | N/A | 39.4% |
| External debt stocks, % of GNI | 58.8% | N/A |
| External debt stocks | $644.9M | N/A |
| Short-term debt, % of total reserves | 50.4% | N/A |
| Total debt service, % of exports and primary income | 8.4% | N/A |
| Adjusted net savings including particulate emission damage, % of GNI | N/A | 25.3% |
| Gross savings, % of GDP | N/A | 29.1% |
| Gross capital formation, % of GDP | N/A | 41.7% |
| Total reserves including gold | $233.8M | $2.1B |
| Foreign direct investment net inflows | $153.7M | $5.9B |
Exports, imports and economic structure
| Stat | Grenada | Panama |
|---|---|---|
| Exports of goods and services, % of GDP | 54.2% | 42.3% |
| Imports of goods and services, % of GDP | 55.2% | 45.3% |
| Current account balance (balance of payments) | -$116.3M | -$6.8B |
| Revenue excluding grants, % of GDP | N/A | N/A |
| Grants excluding technical cooperation, BoP | $250k | $22.3M |
| Personal remittances received | $48.5M | $537.9M |
| Industry including construction value added, % of GDP | 13.3% | 29.2% |
| Agriculture, forestry and fishing value added, % of GDP | 5.2% | 2.2% |
| Charges for the use of intellectual property, payments BoP | $9.3M | $39.4M |
| Charges for the use of intellectual property, receipts BoP | $56k | $21.7M |
| Expense, % of GDP | N/A | N/A |
| Government Expenditure, % of GDP | N/A | 21.8% |
