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

StatMontenegroPanama
GDP$5.5B$65.1B
GDP growth, 1 year4.5%3.9%
GDP growth, 5-years average3.5%5%
Population622k4.1M
GDP per capita$8.8k$16k
GDP per capita growth5.08%1.94%
Purchasing Power Parity conversion factor0.360.61
Price level ratio of PPP conversion factor GDP to market exchange rate0.430.61
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

StatMontenegroPanama
Income Tax Rate9%25%
Corporate Tax Rate9%25%
Inflation, consumer prices2.6%0.8%
Inflation, GDP deflator3.2%0.7%
Unemployment15.5%3.9%
Economic Freedom Index61.567.2
Personal Freedom Index8.127.73
Human Freedom Index7.677.53
Property Rights Index59.158.8
Judical Effectiveness Index55.330
Business Freedom Index70.870.8
Fiscal Health Index23.491.2
Labor Freedom Index74.843.3
Investment Freedom Index7575
Financial Freedom Index5070
Trade Freedom Index83.879.2
Monetary Freedom Index80.379.4
Government Spending Index32.185.7
Tax Burden Index85.485.3
Government Integrity Index47.537.2
Corruption Perceptions Index4537
Life expectancy at birth, years76.778.1
Suicide mortality rate, per 100,000 people10.34.3
Mortality caused by road traffic injury, per 100,000 people10.714.3
Intentional homicides, per 100,000 people2.49.7
International tourism, number of arrivals2.1M1.8M

Government debt & reserves

StatMontenegroPanama
Central government debt, % of GDP72.1%39.4%
External debt stocks, % of GNI144.1%N/A
External debt stocks$8BN/A
Short-term debt, % of total reserves17.2%N/A
Total debt service, % of exports and primary income63.7%N/A
Adjusted net savings including particulate emission damage, % of GNIN/A25.3%
Gross savings, % of GDP14.9%29.1%
Gross capital formation, % of GDP31.9%41.7%
Total reserves including gold$1.2B$2.1B
Foreign direct investment net inflows$485.7M$5.9B

Exports, imports and economic structure

StatMontenegroPanama
Exports of goods and services, % of GDP42.9%42.3%
Imports of goods and services, % of GDP66.7%45.3%
Current account balance (balance of payments)-$943M-$6.8B
Revenue excluding grants, % of GDPN/AN/A
Grants excluding technical cooperation, BoP$57.7M$22.3M
Personal remittances received$588.9M$537.9M
Industry including construction value added, % of GDP15.9%29.2%
Agriculture, forestry and fishing value added, % of GDP6.7%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 GDPN/AN/A
Government Expenditure, % of GDP47.6%21.8%

Compare with countries close by GDP per capita

Montenegro vs

CountryGDP
per capita
Population
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
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
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

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