Panama vs Saint Kitts and Nevis: Economic Indicators Comparison

Panama with a GDP of $65.1B ranked the 75th largest economy in the world, while Saint Kitts and Nevis ranked 185th with $1B. By GDP per capita, Panama and Saint Kitts and Nevis ranked 61st vs 48th, respectively.

Gross Domestic Product & Income

Stat	Panama	Saint Kitts and Nevis
GDP	$65.1B	$1B
GDP growth, 1 year	3.9%	2.92%
GDP growth, 5-years average	5%	N/A
Population	4.1M	55k
GDP per capita	$16k	$19k
GDP per capita growth	1.94%	2.15%
Purchasing Power Parity conversion factor	0.61	1.72
Price level ratio of PPP conversion factor GDP to market exchange rate	0.61	0.64
GDP per capita, PPP adjusted	$26k	$30k
GNI, Atlas method	$60B	$961.5M
GNI per capita	$14k	$18k
GNI, PPP adjusted	$98.4B	$1.5B
GNI per capita, PPP adjusted	$24k	$29k

Financial system and Human development

Stat	Panama	Saint Kitts and Nevis
Income Tax Rate	25%	N/A
Corporate Tax Rate	25%	N/A
Inflation, consumer prices	0.8%	-1%
Inflation, GDP deflator	0.7%	-1.5%
Unemployment	3.9%	5.1%
Economic Freedom Index	67.2	62
Personal Freedom Index	7.73	6.2
Human Freedom Index	7.53	6.2
Property Rights Index	58.8	N/A
Judical Effectiveness Index	30	N/A
Business Freedom Index	70.8	N/A
Fiscal Health Index	91.2	N/A
Labor Freedom Index	43.3	N/A
Investment Freedom Index	75	N/A
Financial Freedom Index	70	N/A
Trade Freedom Index	79.2	N/A
Monetary Freedom Index	79.4	N/A
Government Spending Index	85.7	N/A
Tax Burden Index	85.3	N/A
Government Integrity Index	37.2	N/A
Corruption Perceptions Index	37	60
Life expectancy at birth, years	78.1	71.3
Suicide mortality rate, per 100,000 people	4.3	1
Mortality caused by road traffic injury, per 100,000 people	14.3	2
Intentional homicides, per 100,000 people	9.7	34.2
International tourism, number of arrivals	1.8M	125k

Government debt & reserves

Stat	Panama	Saint Kitts and Nevis
Central government debt, % of GDP	39.4%	59.9%
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	25.3%	N/A
Gross savings, % of GDP	29.1%	N/A
Gross capital formation, % of GDP	41.7%	N/A
Total reserves including gold	$2.1B	$363.2M
Foreign direct investment net inflows	$5.9B	$93.6M

Exports, imports and economic structure

Stat	Panama	Saint Kitts and Nevis
Exports of goods and services, % of GDP	42.3%	59.9%
Imports of goods and services, % of GDP	45.3%	58.8%
Current account balance (balance of payments)	-$6.8B	-$72.4M
Revenue excluding grants, % of GDP	N/A	27.9%
Grants excluding technical cooperation, BoP	$22.3M	$15.6M
Personal remittances received	$537.9M	$25.9M
Industry including construction value added, % of GDP	29.2%	25.7%
Agriculture, forestry and fishing value added, % of GDP	2.2%	1.2%
Charges for the use of intellectual property, payments BoP	$39.4M	$1.8M
Charges for the use of intellectual property, receipts BoP	$21.7M	$100k
Expense, % of GDP	N/A	24.3%
Government Expenditure, % of GDP	21.8%	N/A