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

Stat	Monaco	Panama
GDP	$7.2B	$65.1B
GDP growth, 1 year	6.1%	3.9%
GDP growth, 5-years average	N/A	5%
Population	39k	4.1M
GDP per capita	$186k	$16k
GDP per capita growth	5.3%	1.94%
Purchasing Power Parity conversion factor	N/A	0.61
Price level ratio of PPP conversion factor GDP to market exchange rate	N/A	0.61
GDP per capita, PPP adjusted	$98k	$26k
GNI, Atlas method	N/A	$60B
GNI per capita	N/A	$14k
GNI, PPP adjusted	N/A	$98.4B
GNI per capita, PPP adjusted	N/A	$24k

Financial system and Human development

Stat	Monaco	Panama
Income Tax Rate	N/A	25%
Corporate Tax Rate	N/A	25%
Inflation, consumer prices	N/A	0.8%
Inflation, GDP deflator	0.8%	0.7%
Unemployment	6.3%	3.9%
Economic Freedom Index	83	67.2
Personal Freedom Index	8.7	7.73
Human Freedom Index	8.7	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	82	37
Life expectancy at birth, years	89.7	78.1
Suicide mortality rate, per 100,000 people	0.2	4.3
Mortality caused by road traffic injury, per 100,000 people	0	14.3
Intentional homicides, per 100,000 people	0	9.7
International tourism, number of arrivals	347k	1.8M

Government debt & reserves

Stat	Monaco	Panama
Central government debt, % of GDP	N/A	39.4%
External debt stocks, % of GNI	N/A	N/A
External debt stocks	N/A	N/A
Short-term debt, % of total reserves	N/A	N/A
Total debt service, % of exports and primary income	N/A	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	N/A	$2.1B
Foreign direct investment net inflows	N/A	$5.9B

Exports, imports and economic structure

Stat	Monaco	Panama
Exports of goods and services, % of GDP	N/A	42.3%
Imports of goods and services, % of GDP	N/A	45.3%
Current account balance (balance of payments)	N/A	-$6.8B
Revenue excluding grants, % of GDP	N/A	N/A
Grants excluding technical cooperation, BoP	N/A	$22.3M
Personal remittances received	N/A	$537.9M
Industry including construction value added, % of GDP	13.1%	29.2%
Agriculture, forestry and fishing value added, % of GDP	N/A	2.2%
Charges for the use of intellectual property, payments BoP	N/A	$39.4M
Charges for the use of intellectual property, receipts BoP	N/A	$21.7M
Expense, % of GDP	N/A	N/A
Government Expenditure, % of GDP	N/A	21.8%