Madagascar vs Panama: Economic Indicators Comparison

Panama with a GDP of $65.1B ranked the 75th largest economy in the world, while Madagascar ranked 130th with $13.9B. By GDP 5-years average growth and GDP per capita, Panama and Madagascar ranked 33rd vs 55th and 61st vs 190th, respectively.

Gross Domestic Product & Income

StatMadagascarPanama
GDP$13.9B$65.1B
GDP growth, 1 year5.2%3.9%
GDP growth, 5-years average4%5%
Population25.6M4.1M
GDP per capita$528$16k
GDP per capita growth1.81%1.94%
Purchasing Power Parity conversion factor929.90.61
Price level ratio of PPP conversion factor GDP to market exchange rate0.280.61
GDP per capita, PPP adjusted$1.6k$26k
GNI, Atlas method$13.3B$60B
GNI per capita$510$14k
GNI, PPP adjusted$48.2B$98.4B
GNI per capita, PPP adjusted$1.8k$24k

Financial system and Human development

StatMadagascarPanama
Income Tax Rate20%25%
Corporate Tax Rate20%25%
Inflation, consumer prices7.3%0.8%
Inflation, GDP deflator7.6%0.7%
Unemployment1.7%3.9%
Economic Freedom Index60.567.2
Personal Freedom Index7.297.73
Human Freedom Index6.697.53
Property Rights Index45.658.8
Judical Effectiveness Index39.630
Business Freedom Index47.370.8
Fiscal Health Index90.691.2
Labor Freedom Index44.643.3
Investment Freedom Index5575
Financial Freedom Index5070
Trade Freedom Index73.679.2
Monetary Freedom Index72.779.4
Government Spending Index91.585.7
Tax Burden Index90.785.3
Government Integrity Index2537.2
Corruption Perceptions Index2537
Life expectancy at birth, years66.378.1
Suicide mortality rate, per 100,000 people3.94.3
Mortality caused by road traffic injury, per 100,000 people28.614.3
Intentional homicides, per 100,000 people7.79.7
International tourism, number of arrivals291k1.8M

Government debt & reserves

StatMadagascarPanama
Central government debt, % of GDP39.7%39.4%
External debt stocks, % of GNI31.8%N/A
External debt stocks$3.7BN/A
Short-term debt, % of total reserves15.6%N/A
Total debt service, % of exports and primary income2.7%N/A
Adjusted net savings including particulate emission damage, % of GNI7.7%25.3%
Gross savings, % of GDP18.6%29.1%
Gross capital formation, % of GDP19.6%41.7%
Total reserves including gold$1.7B$2.1B
Foreign direct investment net inflows$612M$5.9B

Exports, imports and economic structure

StatMadagascarPanama
Exports of goods and services, % of GDP28.7%42.3%
Imports of goods and services, % of GDP33.8%45.3%
Current account balance (balance of payments)$80.1M-$6.8B
Revenue excluding grants, % of GDP11.4%N/A
Grants excluding technical cooperation, BoP$373.7M$22.3M
Personal remittances received$425.5M$537.9M
Industry including construction value added, % of GDP23.1%29.2%
Agriculture, forestry and fishing value added, % of GDP23.8%2.2%
Charges for the use of intellectual property, payments BoP$17.1M$39.4M
Charges for the use of intellectual property, receipts BoP$4.5M$21.7M
Expense, % of GDP9.8%N/A
Government Expenditure, % of GDP16.8%21.8%

Compare with countries close by GDP per capita

Madagascar 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
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
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