Jamaica vs Panama: Economic Indicators Comparison

Panama with a GDP of $65.1B ranked the 75th largest economy in the world, while Jamaica ranked 122nd with $15.7B. By GDP 5-years average growth and GDP per capita, Panama and Jamaica ranked 33rd vs 153rd and 61st vs 106th, respectively.

Gross Domestic Product & Income

StatJamaicaPanama
GDP$15.7B$65.1B
GDP growth, 1 year1.4%3.9%
GDP growth, 5-years average1%5%
Population2.9M4.1M
GDP per capita$5.4k$16k
GDP per capita growth1.45%1.94%
Purchasing Power Parity conversion factor73.980.61
Price level ratio of PPP conversion factor GDP to market exchange rate0.570.61
GDP per capita, PPP adjusted$9.4k$26k
GNI, Atlas method$14.6B$60B
GNI per capita$5k$14k
GNI, PPP adjusted$26.1B$98.4B
GNI per capita, PPP adjusted$8.9k$24k

Financial system and Human development

StatJamaicaPanama
Income Tax Rate25%25%
Corporate Tax Rate25%25%
Inflation, consumer prices3.7%0.8%
Inflation, GDP deflator4.8%0.7%
Unemployment9.5%3.9%
Economic Freedom Index68.567.2
Personal Freedom Index7.297.73
Human Freedom Index7.167.53
Property Rights Index62.158.8
Judical Effectiveness Index50.530
Business Freedom Index77.770.8
Fiscal Health Index80.291.2
Labor Freedom Index7443.3
Investment Freedom Index8075
Financial Freedom Index5070
Trade Freedom Index68.479.2
Monetary Freedom Index77.779.4
Government Spending Index74.885.7
Tax Burden Index8085.3
Government Integrity Index46.837.2
Corruption Perceptions Index4437
Life expectancy at birth, years74.378.1
Suicide mortality rate, per 100,000 people2.24.3
Mortality caused by road traffic injury, per 100,000 people13.614.3
Intentional homicides, per 100,000 people579.7
International tourism, number of arrivals2.5M1.8M

Government debt & reserves

StatJamaicaPanama
Central government debt, % of GDP99.4%39.4%
External debt stocks, % of GNI108%N/A
External debt stocks$16.3BN/A
Short-term debt, % of total reserves56.4%N/A
Total debt service, % of exports and primary income20.4%N/A
Adjusted net savings including particulate emission damage, % of GNI15.9%25.3%
Gross savings, % of GDP21.3%29.1%
Gross capital formation, % of GDP23.3%41.7%
Total reserves including gold$3.5B$2.1B
Foreign direct investment net inflows$774.6M$5.9B

Exports, imports and economic structure

StatJamaicaPanama
Exports of goods and services, % of GDP38%42.3%
Imports of goods and services, % of GDP51.1%45.3%
Current account balance (balance of payments)-$287.6M-$6.8B
Revenue excluding grants, % of GDP29.3%N/A
Grants excluding technical cooperation, BoP$96.8M$22.3M
Personal remittances received$2.5B$537.9M
Industry including construction value added, % of GDP20.3%29.2%
Agriculture, forestry and fishing value added, % of GDP6.6%2.2%
Charges for the use of intellectual property, payments BoP$50.8M$39.4M
Charges for the use of intellectual property, receipts BoP$5.3M$21.7M
Expense, % of GDP26.7%N/A
Government Expenditure, % of GDP29%21.8%

Compare with countries close by GDP per capita

Jamaica vs

CountryGDP
per capita
Population
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
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
El Salvador
$4.1k
6.42M

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