Montenegro vs Panama: Economic Indicators Comparison
Panama with a GDP of $65.1B ranked the 75th largest economy in the world, while Montenegro ranked 153rd with $5.5B. By GDP 5-years average growth and GDP per capita, Panama and Montenegro ranked 33rd vs 67th and 61st vs 81st, respectively.
Gross Domestic Product & Income
| Stat |  Montenegro |  Panama |
|---|---|---|
| GDP | $5.5B | $65.1B |
| GDP growth, 1 year | 4.5% | 3.9% |
| GDP growth, 5-years average | 3.5% | 5% |
| Population | 622k | 4.1M |
| GDP per capita | $8.8k | $16k |
| GDP per capita growth | 5.08% | 1.94% |
| Purchasing Power Parity conversion factor | 0.36 | 0.61 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.43 | 0.61 |
| GDP per capita, PPP adjusted | $19k | $26k |
| GNI, Atlas method | $5.2B | $60B |
| GNI per capita | $8.4k | $14k |
| GNI, PPP adjusted | $13B | $98.4B |
| GNI per capita, PPP adjusted | $21k | $24k |
Financial system and Human development
| Stat | Montenegro | Panama |
|---|---|---|
| Income Tax Rate | 9% | 25% |
| Corporate Tax Rate | 9% | 25% |
| Inflation, consumer prices | 2.6% | 0.8% |
| Inflation, GDP deflator | 3.2% | 0.7% |
| Unemployment | 15.5% | 3.9% |
| Economic Freedom Index | 61.5 | 67.2 |
| Personal Freedom Index | 8.12 | 7.73 |
| Human Freedom Index | 7.67 | 7.53 |
| Property Rights Index | 59.1 | 58.8 |
| Judical Effectiveness Index | 55.3 | 30 |
| Business Freedom Index | 70.8 | 70.8 |
| Fiscal Health Index | 23.4 | 91.2 |
| Labor Freedom Index | 74.8 | 43.3 |
| Investment Freedom Index | 75 | 75 |
| Financial Freedom Index | 50 | 70 |
| Trade Freedom Index | 83.8 | 79.2 |
| Monetary Freedom Index | 80.3 | 79.4 |
| Government Spending Index | 32.1 | 85.7 |
| Tax Burden Index | 85.4 | 85.3 |
| Government Integrity Index | 47.5 | 37.2 |
| Corruption Perceptions Index | 45 | 37 |
| Life expectancy at birth, years | 76.7 | 78.1 |
| Suicide mortality rate, per 100,000 people | 10.3 | 4.3 |
| Mortality caused by road traffic injury, per 100,000 people | 10.7 | 14.3 |
| Intentional homicides, per 100,000 people | 2.4 | 9.7 |
| International tourism, number of arrivals | 2.1M | 1.8M |
Government debt & reserves
| Stat | Montenegro | Panama |
|---|---|---|
| Central government debt, % of GDP | 72.1% | 39.4% |
| External debt stocks, % of GNI | 144.1% | N/A |
| External debt stocks | $8B | N/A |
| Short-term debt, % of total reserves | 17.2% | N/A |
| Total debt service, % of exports and primary income | 63.7% | N/A |
| Adjusted net savings including particulate emission damage, % of GNI | N/A | 25.3% |
| Gross savings, % of GDP | 14.9% | 29.1% |
| Gross capital formation, % of GDP | 31.9% | 41.7% |
| Total reserves including gold | $1.2B | $2.1B |
| Foreign direct investment net inflows | $485.7M | $5.9B |
Exports, imports and economic structure
| Stat | Montenegro | Panama |
|---|---|---|
| Exports of goods and services, % of GDP | 42.9% | 42.3% |
| Imports of goods and services, % of GDP | 66.7% | 45.3% |
| Current account balance (balance of payments) | -$943M | -$6.8B |
| Revenue excluding grants, % of GDP | N/A | N/A |
| Grants excluding technical cooperation, BoP | $57.7M | $22.3M |
| Personal remittances received | $588.9M | $537.9M |
| Industry including construction value added, % of GDP | 15.9% | 29.2% |
| Agriculture, forestry and fishing value added, % of GDP | 6.7% | 2.2% |
| Charges for the use of intellectual property, payments BoP | $6M | $39.4M |
| Charges for the use of intellectual property, receipts BoP | $432k | $21.7M |
| Expense, % of GDP | N/A | N/A |
| Government Expenditure, % of GDP | 47.6% | 21.8% |
