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Armenia vs Panama statistics compared

Updated on by Georank team

Armenia has a population of 3.03M (ranked 135/197), compared with 4.52M in Panama (ranked 128/197). Armenia's land area is 10,888 sq mi versus 28,641 sq mi for Panama (ranked 138th vs. 115th).

By GDP, Armenia ranks 116/197 ($25.8B) and Panama ranks 77/197 ($86.3B). By GDP per capita, Armenia ranks 92/197 ($8,501), while Panama ranks 61/197 ($19,103).

Main facts and rankings

Armenia Panama
Population
3011581
4614993
Population rank 136/197 128/197
GDP
$25.8B
2024
$86.3B
2024
GDP rank 116/197 77/197
GDP per capita
$8,501
2024
$19,103
2024
GDP per capita rank 92/197 61/197
GDP per capita, PPP
$22,823
2024
$41,405
2024
Government debt
$13B
2024
$48.8B
2024
Debt-to-GDP ratio
54.5%
2025
58.1%
2025
Government debt per person
$4,276
2024
$10,816
2024
Government debt per person rank 89/185 55/185
Average annual personal income after taxes
$6,696
2025
$10,503
2025
Land area
10,888 sq mi
2025
28,641 sq mi
2025
Population density
278.6 ppl/mi²
2024
157.7 ppl/mi²
2024
Fertility rate
1.9
2023
2.12
2023
Median age
37.1 years
2024
30.9 years
2024
Life expectancy
76 years
2025
80 years
2025

Armenia and Panama: Comparison Charts

Armenia and Panama economies compared

GDP
Armenia

Panama
Year GDP
Armenia Panama
1960 - $537,147,100
1961 - $599,026,300
1962 - $652,120,900
1963 - $722,784,500
1964 - $776,137,500
1965 - $852,485,300
1966 - $928,833,000
1967 - $1,034,376,400
1968 - $1,112,791,100
1969 - $1,221,305,700
1970 - $1,351,006,400
1971 - $1,523,917,200
1972 - $1,673,411,700
1973 - $1,913,793,400
1974 - $2,188,307,600
1975 - $2,435,304,100
1976 - $2,588,106,000
1977 - $2,738,261,900
1978 - $3,244,558,600
1979 - $3,704,551,600
1980 - $4,614,086,400
1981 - $5,222,421,500
1982 - $5,769,767,900
1983 - $5,923,755,900
1984 - $6,183,387,100
1985 - $6,541,517,100
1986 - $6,797,834,200
1987 - $6,827,665,300
1988 - $5,902,783,400
1989 - $5,918,469,800
1990 $2,256,863,449 $6,433,967,000
1991 $2,069,870,130 $7,074,675,500
1992 $1,272,835,453 $8,042,337,700
1993 $1,201,312,829 $8,782,585,400
1994 $1,315,158,637 $9,365,289,800
1995 $1,468,317,435 $9,573,813,700
1996 $1,596,968,946 $9,197,503,300
1997 $1,639,492,445 $10,058,854,400
1998 $1,893,726,437 $11,019,557,700
1999 $1,845,482,173 $11,660,704,800
2000 $1,911,563,669 $11,966,497,000
2001 $2,118,467,913 $12,252,906,300
2002 $2,376,335,048 $12,800,851,300
2003 $2,807,061,009 $13,603,456,000
2004 $3,576,615,240 $15,100,203,400
2005 $4,900,469,511 $16,623,906,700
2006 $6,384,452,067 $18,659,721,500
2007 $9,206,301,270 $21,717,433,800
2008 $11,662,040,714 $25,721,328,000
2009 $8,647,937,081 $27,791,215,500
2010 $9,260,285,756 $30,231,009,500
2011 $10,142,111,825 $35,687,738,300
2012 $10,619,320,683 $41,595,439,700
2013 $11,121,464,437 $46,949,496,500
2014 $11,609,513,247 $51,427,104,900
2015 $10,553,337,518 $55,767,806,100
2016 $10,546,136,236 $59,760,858,700
2017 $11,527,458,709 $64,327,688,800
2018 $12,457,940,695 $67,316,471,200
2019 $13,619,290,539 $69,778,991,200
2020 $12,641,698,583 $57,059,846,500
2021 $13,878,908,629 $67,396,392,500
2022 $19,513,506,553 $76,276,116,700
2023 $24,085,749,592 $83,318,176,900
2024 $25,786,585,950 $86,260,400,000

Armenia and Panama economies compared

GDP per capita
Armenia

Panama
Year GDP per capita
Armenia Panama
1960 - $477
1961 - $516
1962 - $546
1963 - $587
1964 - $611
1965 - $651
1966 - $689
1967 - $745
1968 - $778
1969 - $830
1970 - $893
1971 - $979
1972 - $1,046
1973 - $1,164
1974 - $1,296
1975 - $1,406
1976 - $1,457
1977 - $1,503
1978 - $1,738
1979 - $1,938
1980 - $2,357
1981 - $2,605
1982 - $2,811
1983 - $2,819
1984 - $2,875
1985 - $2,972
1986 - $3,019
1987 - $2,966
1988 - $2,509
1989 - $2,462
1990 $635 $2,620
1991 $573 $2,821
1992 $356 $3,140
1993 $348 $3,358
1994 $391 $3,508
1995 $444 $3,514
1996 $487 $3,308
1997 $505 $3,546
1998 $590 $3,808
1999 $583 $3,950
2000 $593 $3,975
2001 $660 $3,992
2002 $743 $4,091
2003 $882 $4,265
2004 $1,130 $4,645
2005 $1,557 $5,018
2006 $2,042 $5,529
2007 $2,963 $6,318
2008 $3,778 $7,348
2009 $2,821 $7,797
2010 $3,041 $8,331
2011 $3,350 $9,662
2012 $3,512 $11,065
2013 $3,680 $12,273
2014 $3,852 $13,213
2015 $3,512 $14,083
2016 $3,524 $14,832
2017 $3,869 $15,695
2018 $4,196 $16,151
2019 $4,597 $16,478
2020 $4,269 $13,291
2021 $4,685 $15,510
2022 $6,572 $17,332
2023 $8,125 $18,686
2024 $8,501 $19,103

Armenia vs. Panama life expectancy calculator

Life expectancy
Armenia

Panama
Year Life expectancy, years
Armenia Panama
1950 54.6 55.4
1951 55 55.9
1952 55.5 56.4
1953 56 56.8
1954 56.4 57.2
1955 56.9 57.5
1956 57.4 57.9
1957 57.8 58.3
1958 58.2 58.9
1959 58.7 59.6
1960 59.1 60.3
1961 59.6 60.9
1962 60 61.4
1963 60.4 61.8
1964 60.8 62.1
1965 61.2 62.3
1966 61.6 62.6
1967 61.9 62.9
1968 62.2 63.2
1969 62.5 63.7
1970 62.8 64.1
1971 63 64.7
1972 63.2 65.2
1973 63.5 65.8
1974 63.7 66.6
1975 63.9 67.2
1976 64.1 67.8
1977 64.4 68.3
1978 64.7 68.7
1979 65 69.1
1980 65.4 69.5
1981 65.7 69.8
1982 66.1 69.9
1983 66.5 70.1
1984 66.8 70.4
1985 67.1 70.5
1986 67.4 70.7
1987 67.6 70.8
1988 52.7 70.9
1989 67.7 70.1
1990 67.7 71.3
1991 67.8 71.3
1992 67.9 71.5
1993 68.1 71.8
1994 68.4 71.9
1995 68.8 72
1996 69.2 72.2
1997 69.6 72.5
1998 70 72.8
1999 70.4 73.1
2000 70.8 73.4
2001 71.2 73.8
2002 71.5 74.2
2003 71.7 74.6
2004 71.9 74.8
2005 72.1 75.2
2006 72.2 75.4
2007 72.4 75.7
2008 72.5 75.9
2009 72.7 76.2
2010 72.9 76.4
2011 73.2 76.7
2012 73.4 76.9
2013 73.7 77.1
2014 74 77.4
2015 74.2 77.6
2016 74.5 77.8
2017 74.7 77.9
2018 75 78.3
2019 75.2 78.5
2020 68.9 76.3
2021 72.6 77
2022 74.6 79.3
2023 75.7 79.6
2024 75.8 79.8
2025 76 80

Armenia and Panama population clocks and comparison

Population
Armenia

Panama
Year Population
Armenia Panama
1960 1,863,705 1,126,005
1961 1,927,484 1,159,870
1962 1,991,689 1,195,301
1963 2,056,023 1,232,124
1964 2,120,135 1,270,065
1965 2,183,635 1,308,835
1966 2,246,159 1,348,388
1967 2,307,492 1,388,628
1968 2,367,319 1,429,447
1969 2,424,030 1,470,886
1970 2,475,633 1,513,070
1971 2,525,345 1,556,081
1972 2,577,079 1,599,723
1973 2,630,860 1,643,690
1974 2,686,445 1,687,926
1975 2,743,660 1,732,389
1976 2,818,165 1,776,935
1977 2,912,827 1,821,543
1978 3,012,807 1,866,311
1979 3,078,501 1,911,552
1980 3,107,415 1,957,534
1981 3,135,349 2,004,418
1982 3,163,144 2,052,271
1983 3,191,539 2,101,106
1984 3,224,547 2,150,782
1985 3,260,432 2,200,915
1986 3,294,847 2,251,325
1987 3,328,520 2,301,970
1988 3,355,125 2,352,848
1989 3,443,100 2,403,820
1990 3,552,128 2,455,583
1991 3,613,977 2,508,265
1992 3,571,861 2,561,336
1993 3,453,332 2,615,099
1994 3,364,610 2,669,546
1995 3,307,581 2,724,557
1996 3,278,735 2,780,227
1997 3,246,289 2,836,695
1998 3,208,401 2,893,914
1999 3,167,286 2,951,822
2000 3,221,100 3,010,369
2001 3,211,800 3,069,537
2002 3,199,800 3,129,344
2003 3,182,500 3,189,807
2004 3,164,900 3,251,155
2005 3,146,400 3,313,026
2006 3,127,100 3,375,024
2007 3,107,400 3,437,490
2008 3,087,100 3,500,648
2009 3,066,000 3,564,381
2010 3,044,800 3,628,535
2011 3,027,900 3,693,505
2012 3,024,100 3,759,256
2013 3,022,000 3,825,329
2014 3,013,800 3,892,101
2015 3,004,600 3,960,035
2016 2,992,300 4,029,086
2017 2,979,400 4,098,707
2018 2,969,000 4,167,860
2019 2,962,500 4,234,700
2020 2,961,500 4,293,261
2021 2,962,300 4,345,405
2022 2,969,200 4,400,773
2023 2,964,300 4,458,759
2024 3,033,500 4,515,577

Fertility rates in Armenia and Panama

Fertility rate
Armenia

Panama
Year Fertility rate
Armenia Panama
1960 4.79 5.83
1961 4.67 5.87
1962 4.52 5.87
1963 4.35 5.87
1964 4.15 5.81
1965 3.99 5.73
1966 3.83 5.65
1967 3.73 5.53
1968 3.62 5.41
1969 3.49 5.29
1970 3.33 5.18
1971 3.29 5.05
1972 3.2 4.91
1973 3.08 4.74
1974 2.98 4.58
1975 2.92 4.41
1976 2.84 4.26
1977 2.74 4.12
1978 2.62 3.98
1979 2.53 3.88
1980 2.48 3.8
1981 2.48 3.72
1982 2.5 3.66
1983 2.56 3.6
1984 2.6 3.52
1985 2.64 3.43
1986 2.66 3.34
1987 2.66 3.25
1988 2.68 3.17
1989 2.71 3.12
1990 2.71 3.07
1991 2.64 3
1992 2.5 2.95
1993 2.29 2.91
1994 2.08 2.88
1995 2.07 2.85
1996 2.06 2.83
1997 1.9 2.81
1998 1.81 2.79
1999 1.53 2.77
2000 1.3 2.74
2001 1.2 2.72
2002 1.2 2.7
2003 1.3 2.68
2004 1.4 2.68
2005 1.3 2.64
2006 1.3 2.62
2007 1.4 2.61
2008 1.4 2.61
2009 1.5 2.59
2010 1.5 2.59
2011 1.5 2.6
2012 1.6 2.59
2013 1.6 2.57
2014 1.7 2.55
2015 1.6 2.53
2016 1.6 2.5
2017 1.6 2.46
2018 1.6 2.4
2019 1.6 2.29
2020 1.7 2.18
2021 1.7 2.15
2022 1.7 2.14
2023 1.9 2.12

Armenia and Panama demographics compared

Median age
Armenia

Panama
Year Median age, years
Armenia Panama
1960 23 17.8
1961 22.9 17.8
1962 22.7 17.7
1963 22.5 17.6
1964 22.2 17.6
1965 21.8 17.5
1966 21.4 17.5
1967 21.1 17.5
1968 21.1 17.5
1969 21.1 17.6
1970 21.2 17.6
1971 21.4 17.7
1972 21.5 17.7
1973 21.7 17.8
1974 21.9 18
1975 22.2 18.1
1976 22.4 18.3
1977 22.5 18.4
1978 22.7 18.6
1979 23 18.8
1980 23.3 19
1981 23.7 19.2
1982 24 19.5
1983 24.4 19.7
1984 24.7 19.9
1985 25.1 20.2
1986 25.4 20.4
1987 25.7 20.7
1988 26 21
1989 26.3 21.3
1990 26.5 21.5
1991 26.7 21.8
1992 26.9 22.1
1993 27.2 22.4
1994 27.5 22.7
1995 27.8 22.9
1996 28.1 23.2
1997 28.3 23.5
1998 28.7 23.7
1999 29.1 24
2000 29.6 24.3
2001 30 24.5
2002 30.3 24.8
2003 30.6 25.1
2004 30.8 25.3
2005 31 25.6
2006 31.3 25.9
2007 31.5 26.1
2008 31.8 26.4
2009 32.1 26.7
2010 32.4 27
2011 32.7 27.2
2012 33 27.5
2013 33.2 27.8
2014 33.5 28
2015 33.8 28.3
2016 34.1 28.5
2017 34.5 28.8
2018 34.9 29.1
2019 35.6 29.4
2020 36.1 29.7
2021 36.6 30
2022 36.9 30.3
2023 36.9 30.6
2024 37.1 30.9

Interactive Maps

Use the buttons below to switch between world maps comparing statistics for Armenia and Panama.

GDP per capita

GDP

Life expectancy

Population

Population density

Fertility rate

Median age

Land area

National statistics comparison

Finance

Armenia Panama
GNI, Atlas method
$23.6B
2024
$81.1B
2024
Government expenditure, % of GDP
30.7%
2025
21.8%
2025
Education expenditure, % of GDP
2.44%
2023
2.47%
2023
Military expenditure, % of GDP
5.45%
2023
0.97%
1999
Armed forces personnel
47,000
2020
28,000
2020
Deficit/surplus, % of GDP
-5.5%
2025
-3.95%
2025
Unemployment rate
8.3%
2023
8.61%
2024
Services, % of GDP
61.5%
2024
68.8%
2024
Industry, % of GDP
23.2%
2024
26.3%
2024
Economic freedom index
65.4
2025
65.5
2025
Income share by richest 10%
22.9%
2023
37.6%
2024
Income share by poorest 10%
4%
2023
1.2%
2024
Number of billionaires
1
2025
0
2025
Percentage of billionaires
0.00004%
2025
0%
2025
Listed domestic companies
12
2024
36
2024
Market capitalization of domestic companies
$4.85B
2024
$18.3B
2024
Total reserves including gold
$3.69B
2024
$6.86B
2024
Personal remittances received
$1.28B
2024
$532M
2024
International tourist arrivals
375,000
2020
647,000
2020
International tourism as share of exports
7.97%
2020
9.3%
2020
Banked people share
71.4%
2024
64.1%
2024

Energy

Armenia Panama
Energy use, kg of oil equivalent per capita
1,348 kg
2022
1,063 kg
2022
GDP PPP per kg equivalent of energy use
$14.2
2022
$34.1
2022
Carbon dioxide (CO2) emissions
7.73 megatons
2023
14.7 megatons
2023
CO2 emissions per capita
2.61 tons
2023
3.3 tons
2023
Fossil fuel energy use share
75.8%
2022
76.5%
2022
Renewable energy use share
9.1%
2021
28%
2021
Alternative and nuclear energy use share
24.3%
2022
17.3%
2022
Net energy imports use share
76.9%
2022
171.2%
2022
Electric power consumption per capita
2,404 kWh
2022
2,546 kWh
2022
Renewable electricity output share
30%
2021
79.3%
2021
Hydroelectric share
21.1%
2022
66.3%
2022
Nuclear share
31%
2022
0%
2021
Electricity access
100%
2023
97%
2023

Society

Armenia Panama
% of world population
0.04%
2024
0.06%
2024
Annual migration change
-29,966
2024
+6,706
2024
Urban population
63.9%
2024
69.9%
2024
Male:Female ratio
50:50
2024
50:50
2024
Average male height
5.7 ft
2025
5.58 ft
2025
Average female height
5.25 ft
2025
5.19 ft
2025
Quality of life index
57.6
2025
60
2025
Corruption Perceptions Index
47
2024
33
2024
Higher education index
45
2025
43
2025
Homicides per 100K people
2.19
2021
11.3
2022
Road traffic mortality per 100K people
20
2019
13.9
2019
Visa free countries
82
2025
140
2025
Adult literacy rate
99.8%
2023
96.3%
2024
English speaking
8%
2025
14%
2023
People using the Internet
80%
2023
68.5%
2023

Health

Armenia Panama
Government health expenditure per capita
$675
2022
$1,472
2022
Out-of-pocket health expenditure per capita
$534
2022
$547
2022
Life expectancy
76 years
2025
80 years
2025
Foreign aid share of health expenditure
0.51%
2022
0.41%
2022
Physicians per 1,000 people
3.12
2019
1.73
2021
Age at first childbirth
25.7 years
2021
n/a
Maternal mortality per 100K births
19
2023
37
2023
Mortality rate before reaching 5 years of age, per 1,000 live births
10
2023
13.3
2023
Obesity rate
25.1%
2022
37.1%
2022
Diabetes prevalence
7.7%
2024
11.1%
2024
Air quality index
28
2025
79
2025
Tobacco use prevalence
24.9%
2022
5.2%
2022
Pure alcohol consumption per capita
4.28 liters
2020
4.66 liters
2020

Territory

Armenia Panama
% of world land
0.02%
2025
0.05%
2025
Land area per capita
3,589 sq mi
2024
6,343 sq mi
2024
Agricultural land area
6,380 sq mi
2025
8,456 sq mi
2025
Forest area
1,265 sq mi
2025
16,138 sq mi
2025
Roads length
4,785 mi
2019
n/a

In-depth comparisons

Facts comparisons

Facts vs Armenia vs Panama
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