Monaco vs Panama: Economic Indicators Comparison

Panama with a GDP of $65.1B ranked the 75th largest economy in the world, while Monaco ranked 149th with $7.2B. By GDP per capita, Panama and Monaco ranked 61st vs 1st, respectively.

Gross Domestic Product & Income

StatMonacoPanama
GDP$7.2B$65.1B
GDP growth, 1 year6.1%3.9%
GDP growth, 5-years averageN/A5%
Population39k4.1M
GDP per capita$186k$16k
GDP per capita growth5.3%1.94%
Purchasing Power Parity conversion factorN/A0.61
Price level ratio of PPP conversion factor GDP to market exchange rateN/A0.61
GDP per capita, PPP adjusted$98k$26k
GNI, Atlas methodN/A$60B
GNI per capitaN/A$14k
GNI, PPP adjustedN/A$98.4B
GNI per capita, PPP adjustedN/A$24k

Financial system and Human development

StatMonacoPanama
Income Tax RateN/A25%
Corporate Tax RateN/A25%
Inflation, consumer pricesN/A0.8%
Inflation, GDP deflator0.8%0.7%
Unemployment6.3%3.9%
Economic Freedom Index8367.2
Personal Freedom Index8.77.73
Human Freedom Index8.77.53
Property Rights IndexN/A58.8
Judical Effectiveness IndexN/A30
Business Freedom IndexN/A70.8
Fiscal Health IndexN/A91.2
Labor Freedom IndexN/A43.3
Investment Freedom IndexN/A75
Financial Freedom IndexN/A70
Trade Freedom IndexN/A79.2
Monetary Freedom IndexN/A79.4
Government Spending IndexN/A85.7
Tax Burden IndexN/A85.3
Government Integrity IndexN/A37.2
Corruption Perceptions Index8237
Life expectancy at birth, years89.778.1
Suicide mortality rate, per 100,000 people0.24.3
Mortality caused by road traffic injury, per 100,000 people014.3
Intentional homicides, per 100,000 people09.7
International tourism, number of arrivals347k1.8M

Government debt & reserves

StatMonacoPanama
Central government debt, % of GDPN/A39.4%
External debt stocks, % of GNIN/AN/A
External debt stocksN/AN/A
Short-term debt, % of total reservesN/AN/A
Total debt service, % of exports and primary incomeN/AN/A
Adjusted net savings including particulate emission damage, % of GNIN/A25.3%
Gross savings, % of GDPN/A29.1%
Gross capital formation, % of GDPN/A41.7%
Total reserves including goldN/A$2.1B
Foreign direct investment net inflowsN/A$5.9B

Exports, imports and economic structure

StatMonacoPanama
Exports of goods and services, % of GDPN/A42.3%
Imports of goods and services, % of GDPN/A45.3%
Current account balance (balance of payments)N/A-$6.8B
Revenue excluding grants, % of GDPN/AN/A
Grants excluding technical cooperation, BoPN/A$22.3M
Personal remittances receivedN/A$537.9M
Industry including construction value added, % of GDP13.1%29.2%
Agriculture, forestry and fishing value added, % of GDPN/A2.2%
Charges for the use of intellectual property, payments BoPN/A$39.4M
Charges for the use of intellectual property, receipts BoPN/A$21.7M
Expense, % of GDPN/AN/A
Government Expenditure, % of GDPN/A21.8%

Compare with countries close by GDP per capita

Monaco vs

CountryGDP
per capita
Population
Liechtenstein
$165k
37.9k
Luxembourg
$117k
626k
Switzerland
$83k
8.47M
Norway
$82k
5.37M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k

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