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Madagascar vs Panama statistics compared

Updated on by Georank team

Madagascar has a population of 32M (ranked 49/197), compared with 4.52M in Panama (ranked 128/197). Madagascar's land area is 224,634 sq mi versus 28,641 sq mi for Panama (ranked 44th vs. 115th).

By GDP, Madagascar ranks 136/197 ($17.4B) and Panama ranks 78/197 ($86.5B). By GDP per capita, Madagascar ranks 193/197 ($545), while Panama ranks 60/197 ($19,161).

Main facts and rankings

Madagascar Panama
Population
33750171
4642198
Population rank 49/197 128/197
GDP
$17.4B
2024
$86.5B
2024
GDP rank 136/197 78/197
GDP per capita
$545
2024
$19,161
2024
GDP per capita rank 193/197 60/197
GDP per capita, PPP
$1,884
2024
$41,369
2024
Government debt
$8.77B
2024
$49.6B
2024
Debt-to-GDP ratio
50.3%
2024
57.4%
2024
Government debt per person
$274.3
2024
$10,995
2024
Government debt per person rank 180/185 51/185
Average annual personal income after taxes
$1,268
2026
$10,196
2026
Land area 224,634 sq mi 28,641 sq mi
Population density
149.3 ppl/mi²
2026
161.6 ppl/mi²
2026
Fertility rate
3.97
2023
2.12
2023
Median age
20 years
2024
30.9 years
2024
Life expectancy
64.3 years
2026
80.1 years
2026

Madagascar and Panama: Comparison Charts

Madagascar and Panama economies compared

GDP
Madagascar

Panama
1x
Year GDP
Madagascar Panama
2024 $17,420,501,490 $86,523,959,132
2023 $15,869,945,478 $83,812,155,244
2022 $15,325,603,273 $76,479,304,471
2021 $14,354,731,964 $67,396,392,506
2020 $13,051,441,204 $57,059,846,522
2019 $14,104,664,679 $69,778,991,193
2018 $13,760,033,282 $67,316,471,181
2017 $13,176,313,594 $64,327,688,826
2016 $11,848,613,858 $59,760,858,718
2015 $11,323,020,701 $55,767,806,073
2014 $12,522,957,399 $51,427,104,882
2013 $12,423,555,455 $46,949,496,479
2012 $11,578,975,062 $41,595,439,721
2011 $11,551,819,618 $35,687,738,252
2010 $9,982,711,338 $30,231,009,533
2009 $9,616,879,409 $27,791,215,547
2008 $10,725,137,724 $25,721,327,955
2007 $8,524,620,890 $21,717,433,808
2006 $6,395,712,491 $18,659,721,513
2005 $5,859,269,753 $16,623,906,739
2004 $5,064,732,626 $15,100,203,362
2003 $6,372,498,890 $13,603,456,003
2002 $5,351,701,663 $12,800,851,271
2001 $5,438,332,602 $12,252,906,341
2000 $4,629,247,204 $11,966,497,049
1999 $4,277,903,780 $11,660,704,777
1998 $4,401,967,633 $11,019,557,689
1997 $4,262,965,420 $10,058,854,386
1996 $4,931,861,039 $9,197,503,323
1995 $3,838,100,904 $9,573,813,700
1994 $3,522,227,092 $9,365,289,800
1993 $4,063,298,919 $8,782,585,400
1992 $3,714,966,678 $8,042,337,700
1991 $3,254,713,056 $7,074,675,500
1990 $3,931,334,875 $6,433,967,000
1989 $3,175,638,333 $5,918,469,800
1988 $3,189,456,965 $5,902,783,400
1987 $3,212,900,556 $6,827,665,300
1986 $4,347,989,788 $6,797,834,200
1985 $3,802,557,895 $6,541,517,100
1984 $3,905,938,481 $6,183,387,100
1983 $4,686,457,031 $5,923,755,900
1982 $4,784,977,326 $5,769,767,900
1981 $4,759,333,998 $5,222,421,500
1980 $5,201,818,348 $4,614,086,400
1979 $3,463,565,854 $3,704,551,600
1978 $2,669,755,115 $3,244,558,600
1977 $2,358,930,406 $2,738,261,900
1976 $2,181,844,179 $2,588,106,000
1975 $2,283,049,215 $2,435,304,100
1974 $1,917,508,190 $2,188,307,600
1973 $1,653,062,335 $1,913,793,400
1972 $1,341,590,690 $1,673,411,700
1971 $1,199,507,631 $1,523,917,200
1970 $1,111,859,571 $1,351,006,400
1969 $1,056,391,056 $1,221,305,700
1968 $1,031,669,637 $1,112,791,100
1967 $956,436,932 $1,034,376,400
1966 $900,264,585 $928,833,000
1965 $833,563,473 $852,485,300
1964 $802,482,184 $776,137,500
1963 $759,345,864 $722,784,500
1962 $739,286,908 $652,120,900
1961 $699,161,945 $599,026,300
1960 $673,081,725 $537,147,100

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/facts/madagascar/panama | CC BY

Madagascar and Panama economies compared

GDP per capita
Madagascar

Panama
1x
Year GDP per capita
Madagascar Panama
2024 $545 $19,161
2023 $509 $18,797
2022 $504 $17,379
2021 $483 $15,510
2020 $451 $13,291
2019 $500 $16,478
2018 $500 $16,151
2017 $492 $15,695
2016 $454 $14,832
2015 $445 $14,083
2014 $506 $13,213
2013 $515 $12,273
2012 $494 $11,065
2011 $506 $9,662
2010 $450 $8,331
2009 $446 $7,797
2008 $513 $7,348
2007 $420 $6,318
2006 $324 $5,529
2005 $306 $5,018
2004 $272.2 $4,645
2003 $353 $4,265
2002 $305 $4,091
2001 $319 $3,992
2000 $280.3 $3,975
1999 $267.4 $3,950
1998 $284.2 $3,808
1997 $284.4 $3,546
1996 $340 $3,308
1995 $273.1 $3,514
1994 $258.7 $3,508
1993 $308 $3,358
1992 $290.2 $3,140
1991 $262 $2,821
1990 $326 $2,620
1989 $271.3 $2,462
1988 $280.5 $2,509
1987 $290.8 $2,966
1986 $405 $3,019
1985 $364 $2,972
1984 $385 $2,875
1983 $476 $2,819
1982 $501 $2,811
1981 $513 $2,605
1980 $578 $2,357
1979 $396 $1,938
1978 $315 $1,738
1977 $286.9 $1,503
1976 $273.5 $1,457
1975 $295 $1,406
1974 $255.3 $1,296
1973 $226.8 $1,164
1972 $189.6 $1,046
1971 $174.6 $979
1970 $166.6 $893
1969 $162.9 $830
1968 $163.6 $778
1967 $155.9 $745
1966 $150.7 $689
1965 $143.2 $651
1964 $141.5 $611
1963 $137.4 $587
1962 $137.3 $546
1961 $133.3 $516
1960 $131.7 $477

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/facts/madagascar/panama | CC BY

Madagascar vs. Panama life expectancy calculator

Life expectancy
Madagascar

Panama
1x
Year Life expectancy, years
Madagascar Panama
2026 64.3 80.1
2025 64 80
2024 63.8 79.8
2023 63.6 79.6
2022 63.1 79.3
2021 62.5 77
2020 62.7 76.3
2019 63.5 78.5
2018 63.5 78.3
2017 63.4 77.9
2016 63.4 77.8
2015 63.4 77.6
2014 63.3 77.4
2013 63.2 77.1
2012 63 76.9
2011 62.9 76.7
2010 62.6 76.4
2009 62.3 76.2
2008 62 75.9
2007 61.5 75.7
2006 61.1 75.4
2005 60.7 75.2
2004 60.2 74.8
2003 59.7 74.6
2002 59.2 74.2
2001 58.7 73.8
2000 58 73.4
1999 57.4 73.1
1998 56.8 72.8
1997 56.1 72.5
1996 55.5 72.2
1995 54.8 72
1994 54.2 71.9
1993 53.7 71.8
1992 52.9 71.5
1991 52.6 71.3
1990 52.1 71.3
1989 51.8 70.1
1988 51.4 70.9
1987 51.1 70.8
1986 50.7 70.7
1985 50.4 70.5
1984 50.2 70.4
1983 50.1 70.1
1982 50 69.9
1981 49.8 69.8
1980 50 69.5
1979 50.1 69.1
1978 50 68.7
1977 49.9 68.3
1976 49.8 67.8
1975 49.6 67.2
1974 49.3 66.6
1973 48.9 65.8
1972 48.5 65.2
1971 48.2 64.7
1970 47.9 64.1
1969 47.3 63.7
1968 46.9 63.2
1967 46.5 62.9
1966 46 62.6
1965 45.4 62.3
1964 45 62.1
1963 44.6 61.8
1962 44.2 61.4
1961 43.8 60.9
1960 43.3 60.3
1959 43 59.6
1958 42.5 58.9
1957 42.1 58.3
1956 41.7 57.9
1955 41.3 57.5
1954 40.9 57.2
1953 40.7 56.8
1952 40.3 56.4
1951 39.9 55.9
1950 39.7 55.4

Data sources: United Nations | World Population Prospects (1950–2026, retrieved 2026-03-10).

GeoRank.org/facts/madagascar/panama | CC BY

Madagascar and Panama population clocks and comparison

Population
Madagascar

Panama
1x
Year Population
Madagascar Panama
2024 31,964,956 4,515,577
2023 31,195,932 4,458,759
2022 30,437,261 4,400,773
2021 29,691,083 4,345,405
2020 28,953,556 4,293,261
2019 28,219,554 4,234,700
2018 27,494,926 4,167,860
2017 26,788,375 4,098,707
2016 26,099,952 4,029,086
2015 25,426,702 3,960,035
2014 24,764,348 3,892,101
2013 24,109,290 3,825,329
2012 23,462,438 3,759,256
2011 22,822,300 3,693,505
2010 22,183,340 3,628,535
2009 21,547,280 3,564,381
2008 20,923,840 3,500,648
2007 20,318,583 3,437,490
2006 19,730,909 3,375,024
2005 19,159,707 3,313,026
2004 18,606,608 3,251,155
2003 18,071,854 3,189,807
2002 17,549,913 3,129,344
2001 17,032,939 3,069,537
2000 16,516,338 3,010,369
1999 16,000,506 2,951,822
1998 15,489,364 2,893,914
1997 14,990,814 2,836,695
1996 14,510,711 2,780,227
1995 14,051,275 2,724,557
1994 13,613,850 2,669,546
1993 13,197,345 2,615,099
1992 12,800,870 2,561,336
1991 12,421,412 2,508,265
1990 12,055,639 2,455,583
1989 11,704,998 2,403,820
1988 11,369,462 2,352,848
1987 11,047,291 2,301,970
1986 10,736,857 2,251,325
1985 10,433,142 2,200,915
1984 10,134,550 2,150,782
1983 9,843,044 2,101,106
1982 9,557,671 2,052,271
1981 9,279,011 2,004,418
1980 9,006,032 1,957,534
1979 8,737,581 1,911,552
1978 8,475,864 1,866,311
1977 8,222,240 1,821,543
1976 7,976,831 1,776,935
1975 7,739,336 1,732,389
1974 7,509,726 1,687,926
1973 7,288,048 1,643,690
1972 7,074,398 1,599,723
1971 6,868,868 1,556,081
1970 6,672,003 1,513,070
1969 6,484,716 1,470,886
1968 6,306,493 1,429,447
1967 6,136,486 1,388,628
1966 5,974,279 1,348,388
1965 5,819,116 1,308,835
1964 5,669,863 1,270,065
1963 5,525,185 1,232,124
1962 5,384,150 1,195,301
1961 5,246,158 1,159,870
1960 5,111,029 1,126,005

Data sources: World Bank | Health (1960–2024, retrieved 2026-04-06).

GeoRank.org/facts/madagascar/panama | CC BY

Fertility rates in Madagascar and Panama

Fertility rate
Madagascar

Panama
1x
Year Fertility rate
Madagascar Panama
2023 3.97 2.12
2022 4.04 2.14
2021 4.1 2.15
2020 4.17 2.18
2019 4.22 2.29
2018 4.25 2.4
2017 4.26 2.46
2016 4.29 2.5
2015 4.34 2.53
2014 4.42 2.55
2013 4.53 2.57
2012 4.61 2.59
2011 4.74 2.6
2010 4.9 2.59
2009 5 2.59
2008 5.04 2.61
2007 5.08 2.61
2006 5.13 2.62
2005 5.2 2.64
2004 5.26 2.68
2003 5.33 2.68
2002 5.41 2.7
2001 5.53 2.72
2000 5.67 2.74
1999 5.84 2.77
1998 5.99 2.79
1997 6.02 2.81
1996 6.03 2.83
1995 6.04 2.85
1994 6.04 2.88
1993 6.06 2.91
1992 6.08 2.95
1991 6.12 3
1990 6.14 3.07
1989 6.15 3.12
1988 6.18 3.17
1987 6.24 3.25
1986 6.34 3.34
1985 6.46 3.43
1984 6.55 3.52
1983 6.63 3.6
1982 6.7 3.66
1981 6.77 3.72
1980 6.84 3.8
1979 6.87 3.88
1978 6.9 3.98
1977 6.93 4.12
1976 6.95 4.26
1975 6.97 4.41
1974 6.99 4.58
1973 7.01 4.74
1972 7.04 4.91
1971 7.07 5.05
1970 7.1 5.18
1969 7.12 5.29
1968 7.13 5.41
1967 7.14 5.53
1966 7.16 5.65
1965 7.17 5.73
1964 7.19 5.81
1963 7.21 5.87
1962 7.26 5.87
1961 7.3 5.87
1960 7.34 5.83

Data sources: World Bank | Health (1960–2023, retrieved 2026-04-06).

GeoRank.org/facts/madagascar/panama | CC BY

Madagascar and Panama demographics compared

Median age
Madagascar

Panama
1x
Year Median age, years
Madagascar Panama
2024 20 30.9
2023 19.9 30.6
2022 19.7 30.3
2021 19.6 30
2020 19.4 29.7
2019 19.3 29.4
2018 19.1 29.1
2017 18.9 28.8
2016 18.7 28.5
2015 18.6 28.3
2014 18.4 28
2013 18.2 27.8
2012 18.1 27.5
2011 17.9 27.2
2010 17.8 27
2009 17.7 26.7
2008 17.6 26.4
2007 17.5 26.1
2006 17.4 25.9
2005 17.3 25.6
2004 17.3 25.3
2003 17.2 25.1
2002 17.2 24.8
2001 17.2 24.5
2000 17.2 24.3
1999 17.2 24
1998 17.2 23.7
1997 17.1 23.5
1996 17.1 23.2
1995 17.1 22.9
1994 17.1 22.7
1993 17 22.4
1992 17 22.1
1991 16.9 21.8
1990 16.9 21.5
1989 16.8 21.3
1988 16.7 21
1987 16.6 20.7
1986 16.6 20.4
1985 16.5 20.2
1984 16.5 19.9
1983 16.4 19.7
1982 16.4 19.5
1981 16.4 19.2
1980 16.4 19
1979 16.5 18.8
1978 16.5 18.6
1977 16.5 18.4
1976 16.6 18.3
1975 16.6 18.1
1974 16.6 18
1973 16.6 17.8
1972 16.6 17.7
1971 16.7 17.7
1970 16.7 17.6
1969 16.6 17.6
1968 16.7 17.5
1967 16.7 17.5
1966 16.7 17.5
1965 16.8 17.5
1964 16.8 17.6
1963 17 17.6
1962 17.2 17.7
1961 17.5 17.8
1960 17.9 17.8

Data sources: World Bank | Health (1960–2024, retrieved 2026-04-06).

GeoRank.org/facts/madagascar/panama | CC BY

Interactive Maps

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National statistics comparison

Finance

Madagascar Panama
GNI, Atlas method
$16.4B
2024
$81.3B
2024
Government expenditure, % of GDP
16.2%
2024
23.1%
2024
Education expenditure, % of GDP
3.05%
2023
2.47%
2023
Military expenditure, % of GDP
0.71%
2024
0.97%
1999
Armed forces personnel
22,000
2020
28,000
2020
Deficit/surplus, % of GDP
-2.48%
2024
-7.42%
2024
Unemployment rate
3.19%
2022
8.61%
2024
Services, % of GDP
47.7%
2024
69.3%
2024
Industry, % of GDP
22.8%
2024
25.5%
2024
Economic freedom index
57
2026
64.9
2026
Income share by richest 10%
29.6%
2021
37.6%
2024
Income share by poorest 10%
2.9%
2021
1.2%
2024
Number of billionaires n/a
0
2025
Percentage of billionaires n/a
0%
2025
Listed domestic companies n/a
36
2024
Market capitalization of domestic companies n/a
$18.3B
2024
Total reserves including gold
$2.78B
2024
$6.86B
2024
Personal remittances received
$406M
2024
$532M
2024
International tourist arrivals
87,099
2020
647,000
2020
International tourism as share of exports
7.8%
2020
9.3%
2020
Banked people share
24.5%
2024
64.1%
2024

Energy

Madagascar Panama
Energy use, kg of oil equivalent per capita
309 kg
2022
1,063 kg
2022
GDP PPP per kg equivalent of energy use
$5.56
2022
$34.2
2022
Carbon dioxide (CO2) emissions
4.68 megatons
2024
12.4 megatons
2024
CO2 emissions per capita
0.15 tons
2024
2.74 tons
2024
Fossil fuel energy use share
0%
2022
76.5%
2022
Renewable energy use share
83.1%
2022
28%
2021
Alternative and nuclear energy use share
0.8%
2022
17.3%
2022
Net energy imports use share
13.7%
2017
171.2%
2022
Electric power consumption per capita
81.3 kWh
2022
2,546 kWh
2022
Renewable electricity output share
34%
2021
79.3%
2021
Hydroelectric share
31.5%
2022
66.3%
2022
Nuclear share
0%
2021
0%
2021
Electricity access
39.4%
2023
97%
2023

Society

Madagascar Panama
% of world population
0.39%
2024
0.06%
2024
Annual migration change
-2,227
2025
+6,151
2025
Urban population
32.4%
2024
66%
2024
Male:Female ratio
50.2:49.8
2024
50:50
2024
Average male height
5.42 ft
2025
5.58 ft
2025
Average female height
5.02 ft
2025
5.19 ft
2025
Quality of life index
22.6
2026
60.2
2026
Corruption Perceptions Index
25
2025
33
2025
Higher education index
31
2026
40
2026
Homicides per 100K people
7.69
2015
11.3
2022
Road traffic mortality per 100K people
29.2
2019
13.9
2019
Visa free countries
67
2025
138
2025
Adult literacy rate
77.5%
2022
96.3%
2024
English speaking
18%
2023
14%
2023
People using the Internet
20.4%
2023
68.5%
2023

Health

Madagascar Panama
Government health expenditure per capita
$17.4
2023
$1,558
2023
Out-of-pocket health expenditure per capita
$4.78
2023
$630
2023
Life expectancy
64.3 years
2026
80.1 years
2026
Foreign aid share of health expenditure
38.1%
2023
0.76%
2023
Physicians per 1,000 people
0.17
2022
1.63
2022
Age at first childbirth
19.5 years
2025
n/a
Maternal mortality per 100K births
445
2023
37
2023
Mortality rate before reaching 5 years of age
64.8
2023
13.3
2023
Obesity rate
4.45%
2022
37.1%
2022
Diabetes prevalence
4.6%
2024
11.1%
2024
Air quality index
38
2026
79
2026
Tobacco use prevalence
26.8%
2022
5.2%
2022
Pure alcohol consumption per capita
0.99 liters
2020
4.66 liters
2020

Territory

Madagascar Panama
% of world land
0.39%
2026
0.05%
2026
Land area per capita
7,028 sq mi
2024
6,343 sq mi
2024
Agricultural land area
157,896 sq mi
2026
8,456 sq mi
2026
Forest area
47,839 sq mi
2026
16,138 sq mi
2026
Roads length
19,660 mi
2018
n/a

In-depth comparisons

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Data sources:

  1. World Bank | Health (1960–2025, retrieved 2026-04-06)
  2. United Nations | World Population Prospects (1950–2026, retrieved 2026-03-10)
  3. U.S. Census Bureau (1960–2025, retrieved 2026-02-08)
  4. Central Intelligence Agency (CIA) (2000–2025, retrieved 2026-02-20)
  5. International Monetary Fund (IMF) | Fiscal Monitor (2024, retrieved 2026-02-20)
  6. LivingCost (2026, retrieved 2025-10-14)
  7. World Obesity Federation (2022, retrieved 2026-02-08)
  8. Passport Index (2025, retrieved 2026-02-08)
  9. Transparency International (2025, retrieved 2026-02-10)
  10. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  11. EduRank (2026, retrieved 2025-10-13)

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