Panama vs South Africa: Economic Indicators Comparison

South Africa with a GDP of $368.3B ranked the 35th largest economy in the world, while Panama ranked 75th with $65.1B. By GDP 5-years average growth and GDP per capita, South Africa and Panama ranked 151st vs 33rd and 95th vs 61st, respectively.

Gross Domestic Product & Income

StatPanamaSouth Africa
GDP$65.1B$368.3B
GDP growth, 1 year3.9%0.8%
GDP growth, 5-years average5%1.1%
Population4.1M57.7M
GDP per capita$16k$6.4k
GDP per capita growth1.94%-0.57%
Purchasing Power Parity conversion factor0.616.16
Price level ratio of PPP conversion factor GDP to market exchange rate0.610.47
GDP per capita, PPP adjusted$26k$14k
GNI, Atlas method$60B$332.3B
GNI per capita$14k$5.8k
GNI, PPP adjusted$98.4B$765.8B
GNI per capita, PPP adjusted$24k$13k

Financial system and Human development

StatPanamaSouth Africa
Income Tax Rate25%45%
Corporate Tax Rate25%28%
Inflation, consumer prices0.8%4.6%
Inflation, GDP deflator0.7%3.9%
Unemployment3.9%27%
Economic Freedom Index67.258.8
Personal Freedom Index7.736.92
Human Freedom Index7.536.78
Property Rights Index58.858.4
Judical Effectiveness Index3038
Business Freedom Index70.862
Fiscal Health Index91.264
Labor Freedom Index43.358.8
Investment Freedom Index7545
Financial Freedom Index7050
Trade Freedom Index79.275.8
Monetary Freedom Index79.475.9
Government Spending Index85.767.4
Tax Burden Index85.363.7
Government Integrity Index37.246.6
Corruption Perceptions Index3743
Life expectancy at birth, years78.163.5
Suicide mortality rate, per 100,000 people4.311.6
Mortality caused by road traffic injury, per 100,000 people14.325.9
Intentional homicides, per 100,000 people9.735.9
International tourism, number of arrivals1.8M10.5M

Government debt & reserves

StatPanamaSouth Africa
Central government debt, % of GDP39.4%56.7%
External debt stocks, % of GNIN/A50.6%
External debt stocksN/A$179.3B
Short-term debt, % of total reservesN/A70.9%
Total debt service, % of exports and primary incomeN/A19.9%
Adjusted net savings including particulate emission damage, % of GNI25.3%0.6%
Gross savings, % of GDP29.1%14.9%
Gross capital formation, % of GDP41.7%17.9%
Total reserves including gold$2.1B$51.6B
Foreign direct investment net inflows$5.9B$5.5B

Exports, imports and economic structure

StatPanamaSouth Africa
Exports of goods and services, % of GDP42.3%29.9%
Imports of goods and services, % of GDP45.3%29.6%
Current account balance (balance of payments)-$6.8B-$13.4B
Revenue excluding grants, % of GDPN/A30.9%
Grants excluding technical cooperation, BoP$22.3M$817.9M
Personal remittances received$537.9M$929M
Industry including construction value added, % of GDP29.2%25.9%
Agriculture, forestry and fishing value added, % of GDP2.2%2.2%
Charges for the use of intellectual property, payments BoP$39.4M$1.8B
Charges for the use of intellectual property, receipts BoP$21.7M$120.7M
Expense, % of GDPN/A34.4%
Government Expenditure, % of GDP21.8%33%

Compare with countries close by GDP per capita

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

South Africa vs

CountryGDP
per capita
Population
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
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
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M