Panama vs the United Arab Emirates: Economic Indicators Comparison

The United Arab Emirates with a GDP of $414.2B ranked the 31st largest economy in the world, while Panama ranked 75th with $65.1B. By GDP 5-years average growth and GDP per capita, the United Arab Emirates and Panama ranked 92nd vs 33rd and 22nd vs 61st, respectively.

Gross Domestic Product & Income

StatPanamaUnited Arab Emirates
GDP$65.1B$414.2B
GDP growth, 1 year3.9%1.7%
GDP growth, 5-years average5%3%
Population4.1M9.4M
GDP per capita$16k$43k
GDP per capita growth1.94%0.21%
Purchasing Power Parity conversion factor0.612.1
Price level ratio of PPP conversion factor GDP to market exchange rate0.610.57
GDP per capita, PPP adjusted$26k$69k
GNI, Atlas method$60B$393.7B
GNI per capita$14k$41k
GNI, PPP adjusted$98.4B$726.5B
GNI per capita, PPP adjusted$24k$75k

Financial system and Human development

StatPanamaUnited Arab Emirates
Income Tax Rate25%0%
Corporate Tax Rate25%0%
Inflation, consumer prices0.8%3.1%
Inflation, GDP deflator0.7%7.8%
Unemployment3.9%2.6%
Economic Freedom Index67.276.2
Personal Freedom Index7.735.58
Human Freedom Index7.536.56
Property Rights Index58.880.3
Judical Effectiveness Index3084.6
Business Freedom Index70.878.6
Fiscal Health Index91.294.1
Labor Freedom Index43.381.3
Investment Freedom Index7540
Financial Freedom Index7060
Trade Freedom Index79.280.4
Monetary Freedom Index79.479.6
Government Spending Index85.772.1
Tax Burden Index85.399.2
Government Integrity Index37.264.6
Corruption Perceptions Index3770
Life expectancy at birth, years78.177.6
Suicide mortality rate, per 100,000 people4.32.8
Mortality caused by road traffic injury, per 100,000 people14.318.1
Intentional homicides, per 100,000 people9.70.5
International tourism, number of arrivals1.8M21.3M

Government debt & reserves

StatPanamaUnited Arab Emirates
Central government debt, % of GDP39.4%18.7%
External debt stocks, % of GNIN/AN/A
External debt stocksN/AN/A
Short-term debt, % of total reservesN/AN/A
Total debt service, % of exports and primary incomeN/AN/A
Adjusted net savings including particulate emission damage, % of GNI25.3%N/A
Gross savings, % of GDP29.1%N/A
Gross capital formation, % of GDP41.7%22.4%
Total reserves including gold$2.1B$99.5B
Foreign direct investment net inflows$5.9B$10.4B

Exports, imports and economic structure

StatPanamaUnited Arab Emirates
Exports of goods and services, % of GDP42.3%93.9%
Imports of goods and services, % of GDP45.3%68%
Current account balance (balance of payments)-$6.8BN/A
Revenue excluding grants, % of GDPN/A3.5%
Grants excluding technical cooperation, BoP$22.3M$950k
Personal remittances received$537.9MN/A
Industry including construction value added, % of GDP29.2%46.8%
Agriculture, forestry and fishing value added, % of GDP2.2%0.7%
Charges for the use of intellectual property, payments BoP$39.4MN/A
Charges for the use of intellectual property, receipts BoP$21.7MN/A
Expense, % of GDPN/A4%
Government Expenditure, % of GDP21.8%30.5%

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

United Arab Emirates vs

CountryGDP
per capita
Population
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M