Myanmar vs Panama: Economic Indicators Comparison

Myanmar with a GDP of $71.2B ranked the 71st largest economy in the world, while Panama ranked 75th with $65.1B. By GDP 5-years average growth and GDP per capita, Myanmar and Panama ranked 13th vs 33rd and 164th vs 61st, respectively.

Gross Domestic Product & Income

StatMyanmarPanama
GDP$71.2B$65.1B
GDP growth, 1 year6.7%3.9%
GDP growth, 5-years average6.8%5%
Population53.4M4.1M
GDP per capita$1.3k$16k
GDP per capita growth5.56%1.94%
Purchasing Power Parity conversion factor290.170.61
Price level ratio of PPP conversion factor GDP to market exchange rate0.290.61
GDP per capita, PPP adjusted$6.2k$26k
GNI, Atlas method$70.2B$60B
GNI per capita$1.3k$14k
GNI, PPP adjusted$348.9B$98.4B
GNI per capita, PPP adjusted$6.5k$24k

Financial system and Human development

StatMyanmarPanama
Income Tax Rate20%25%
Corporate Tax Rate30%25%
Inflation, consumer prices5.9%0.8%
Inflation, GDP deflator8.3%0.7%
Unemployment1.6%3.9%
Economic Freedom Index5467.2
Personal Freedom Index5.967.73
Human Freedom Index4.817.53
Property Rights Index32.558.8
Judical Effectiveness Index14.330
Business Freedom Index53.170.8
Fiscal Health Index84.691.2
Labor Freedom Index59.943.3
Investment Freedom Index3075
Financial Freedom Index2070
Trade Freedom Index70.879.2
Monetary Freedom Index77.579.4
Government Spending Index87.585.7
Tax Burden Index86.685.3
Government Integrity Index31.537.2
Corruption Perceptions Index2937
Life expectancy at birth, years66.678.1
Suicide mortality rate, per 100,000 people7.84.3
Mortality caused by road traffic injury, per 100,000 people19.914.3
Intentional homicides, per 100,000 people2.39.7
International tourism, number of arrivals3.6M1.8M

Government debt & reserves

StatMyanmarPanama
Central government debt, % of GDP38.2%39.4%
External debt stocks, % of GNI21.5%N/A
External debt stocks$14.9BN/A
Short-term debt, % of total reserves15.6%N/A
Total debt service, % of exports and primary income4.9%N/A
Adjusted net savings including particulate emission damage, % of GNI23.1%25.3%
Gross savings, % of GDP29.2%29.1%
Gross capital formation, % of GDP32.8%41.7%
Total reserves including gold$5.6B$2.1B
Foreign direct investment net inflows$1.3B$5.9B

Exports, imports and economic structure

StatMyanmarPanama
Exports of goods and services, % of GDP20%42.3%
Imports of goods and services, % of GDP28%45.3%
Current account balance (balance of payments)-$2.1B-$6.8B
Revenue excluding grants, % of GDP15.8%N/A
Grants excluding technical cooperation, BoP$886.7M$22.3M
Personal remittances received$2.8B$537.9M
Industry including construction value added, % of GDP32.3%29.2%
Agriculture, forestry and fishing value added, % of GDP24.6%2.2%
Charges for the use of intellectual property, payments BoP$47.3M$39.4M
Charges for the use of intellectual property, receipts BoP$2.6M$21.7M
Expense, % of GDP16.8%N/A
Government Expenditure, % of GDP20.4%21.8%

Compare with countries close by GDP per capita

Myanmar vs

CountryGDP
per capita
Population
Nigeria
$2k
191M
India
$2k
1.33B
Sao Tome and Principe
$2k
204k
Ivory Coast
$1.7k
24.3M
Kenya
$1.7k
48.5M
North Korea
$1.7k
25.5M
Bangladesh
$1.7k
165M
Kiribati
$1.6k
116k
Zambia
$1.5k
17.1M
Cameroon
$1.5k
24.1M
Uzbekistan
$1.5k
32.4M
Senegal
$1.5k
15.9M
Cambodia
$1.5k
16M
Pakistan
$1.5k
197M
Comoros
$1.4k
824k
Lesotho
$1.3k
2.23M
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

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