Panama vs San Marino: Economic Indicators Comparison

Panama with a GDP of $65.1B ranked the 75th largest economy in the world, while San Marino ranked 177th with $1.6B. By GDP per capita, Panama and San Marino ranked 61st vs 18th, respectively.

Gross Domestic Product & Income

Stat	Panama	San Marino
GDP	$65.1B	$1.6B
GDP growth, 1 year	3.9%	1.5%
GDP growth, 5-years average	5%	N/A
Population	4.1M	33k
GDP per capita	$16k	$48k
GDP per capita growth	1.94%	1%
Purchasing Power Parity conversion factor	0.61	0.68
Price level ratio of PPP conversion factor GDP to market exchange rate	0.61	0.77
GDP per capita, PPP adjusted	$26k	$63k
GNI, Atlas method	$60B	N/A
GNI per capita	$14k	N/A
GNI, PPP adjusted	$98.4B	N/A
GNI per capita, PPP adjusted	$24k	N/A

Financial system and Human development

Stat	Panama	San Marino
Income Tax Rate	25%	N/A
Corporate Tax Rate	25%	N/A
Inflation, consumer prices	0.8%	1%
Inflation, GDP deflator	0.7%	0.9%
Unemployment	3.9%	6.4%
Economic Freedom Index	67.2	76
Personal Freedom Index	7.73	8.1
Human Freedom Index	7.53	8.2
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	80
Life expectancy at birth, years	78.1	85.4
Suicide mortality rate, per 100,000 people	4.3	0.5
Mortality caused by road traffic injury, per 100,000 people	14.3	0
Intentional homicides, per 100,000 people	9.7	0
International tourism, number of arrivals	1.8M	84k

Government debt & reserves

Stat	Panama	San Marino
Central government debt, % of GDP	39.4%	53.8%
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	$339M
Foreign direct investment net inflows	$5.9B	$390k

Exports, imports and economic structure

Stat	Panama	San Marino
Exports of goods and services, % of GDP	42.3%	N/A
Imports of goods and services, % of GDP	45.3%	N/A
Current account balance (balance of payments)	-$6.8B	N/A
Revenue excluding grants, % of GDP	N/A	39.8%
Grants excluding technical cooperation, BoP	$22.3M	N/A
Personal remittances received	$537.9M	N/A
Industry including construction value added, % of GDP	29.2%	N/A
Agriculture, forestry and fishing value added, % of GDP	2.2%	N/A
Charges for the use of intellectual property, payments BoP	$39.4M	N/A
Charges for the use of intellectual property, receipts BoP	$21.7M	N/A
Expense, % of GDP	N/A	42.2%
Government Expenditure, % of GDP	21.8%	N/A