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Montenegro vs Panama statistics compared

Updated on by Georank team

Montenegro has a population of 624K (ranked 166/197), compared with 4.52M in Panama (ranked 128/197). Montenegro's land area is 5,193 sq mi versus 28,641 sq mi for Panama (ranked 156th vs. 115th).

By GDP, Montenegro ranks 156/197 ($8.07B) and Panama ranks 77/197 ($86.3B). By GDP per capita, Montenegro ranks 78/197 ($12,935), while Panama ranks 61/197 ($19,103).

Main facts and rankings

Montenegro Panama
Population
618209
4614993
Population rank 166/197 128/197
GDP
$8.07B
2024
$86.3B
2024
GDP rank 156/197 77/197
GDP per capita
$12,935
2024
$19,103
2024
GDP per capita rank 78/197 61/197
GDP per capita, PPP
$33,380
2024
$41,405
2024
Government debt
$5.05B
2024
$48.8B
2024
Debt-to-GDP ratio
60.3%
2025
58.1%
2025
Government debt per person
$8,103
2024
$10,816
2024
Government debt per person rank 65/185 55/185
Average annual personal income after taxes
$12,008
2025
$10,503
2025
Land area
5,193 sq mi
2025
28,641 sq mi
2025
Population density
120.1 ppl/mi²
2024
157.7 ppl/mi²
2024
Fertility rate
1.74
2023
2.12
2023
Median age
40.6 years
2024
30.9 years
2024
Life expectancy
77.4 years
2025
80 years
2025

Montenegro and Panama: Comparison Charts

Montenegro and Panama economies compared

GDP
Montenegro

Panama
Year GDP
Montenegro 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 - $6,433,967,000
1991 - $7,074,675,500
1992 - $8,042,337,700
1993 - $8,782,585,400
1994 - $9,365,289,800
1995 - $9,573,813,700
1996 - $9,197,503,300
1997 $838,288,806 $10,058,854,400
1998 $854,261,161 $11,019,557,700
1999 $828,950,327 $11,660,704,800
2000 $984,293,044 $11,966,497,000
2001 $1,159,869,246 $12,252,906,300
2002 $1,284,685,051 $12,800,851,300
2003 $1,707,710,053 $13,603,456,000
2004 $2,073,234,418 $15,100,203,400
2005 $2,257,174,481 $16,623,906,700
2006 $2,721,903,149 $18,659,721,500
2007 $3,680,711,744 $21,717,433,800
2008 $4,545,674,528 $25,721,328,000
2009 $4,159,330,370 $27,791,215,500
2010 $4,142,983,843 $30,231,009,500
2011 $4,544,428,421 $35,687,738,300
2012 $4,087,526,242 $41,595,439,700
2013 $4,465,772,400 $46,949,496,500
2014 $4,593,853,291 $51,427,104,900
2015 $4,054,730,078 $55,767,806,100
2016 $4,376,930,578 $59,760,858,700
2017 $4,856,599,481 $64,327,688,800
2018 $5,506,942,238 $67,316,471,200
2019 $5,542,054,181 $69,778,991,200
2020 $4,769,996,866 $57,059,846,500
2021 $5,861,427,505 $67,396,392,500
2022 $6,229,801,581 $76,276,116,700
2023 $7,530,593,375 $83,318,176,900
2024 $8,069,536,126 $86,260,400,000

Montenegro and Panama economies compared

GDP per capita
Montenegro

Panama
Year GDP per capita
Montenegro 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 - $2,620
1991 - $2,821
1992 - $3,140
1993 - $3,358
1994 - $3,508
1995 - $3,514
1996 - $3,308
1997 $1,375 $3,546
1998 $1,406 $3,808
1999 $1,368 $3,950
2000 $1,627 $3,975
2001 $1,910 $3,992
2002 $2,107 $4,091
2003 $2,789 $4,265
2004 $3,380 $4,645
2005 $3,675 $5,018
2006 $4,426 $5,529
2007 $5,976 $6,318
2008 $7,368 $7,348
2009 $6,727 $7,797
2010 $6,688 $8,331
2011 $7,326 $9,662
2012 $6,578 $11,065
2013 $7,173 $12,273
2014 $7,365 $13,213
2015 $6,491 $14,083
2016 $6,999 $14,832
2017 $7,758 $15,695
2018 $8,791 $16,151
2019 $8,842 $16,478
2020 $7,613 $13,291
2021 $9,377 $15,510
2022 $9,990 $17,332
2023 $12,077 $18,686
2024 $12,935 $19,103

Montenegro vs. Panama life expectancy calculator

Life expectancy
Montenegro

Panama
Year Life expectancy, years
Montenegro Panama
1950 58 55.4
1951 58.5 55.9
1952 59.1 56.4
1953 59.7 56.8
1954 60.8 57.2
1955 60.9 57.5
1956 62 57.9
1957 63 58.3
1958 63.8 58.9
1959 64.7 59.6
1960 65.7 60.3
1961 66.1 60.9
1962 66.4 61.4
1963 66.8 61.8
1964 67.4 62.1
1965 68.1 62.3
1966 68.6 62.6
1967 69.3 62.9
1968 69.8 63.2
1969 70.2 63.7
1970 70.4 64.1
1971 70.8 64.7
1972 71.2 65.2
1973 71.6 65.8
1974 71.6 66.6
1975 71.9 67.2
1976 72.1 67.8
1977 71.8 68.3
1978 71.9 68.7
1979 71.5 69.1
1980 72.2 69.5
1981 72.1 69.8
1982 72.3 69.9
1983 72.3 70.1
1984 72.3 70.4
1985 72.4 70.5
1986 72.8 70.7
1987 73.2 70.8
1988 73.4 70.9
1989 73.8 70.1
1990 73.9 71.3
1991 74 71.3
1992 73.8 71.5
1993 73.9 71.8
1994 73.8 71.9
1995 73.7 72
1996 73.6 72.2
1997 73.5 72.5
1998 73.4 72.8
1999 73.3 73.1
2000 73.6 73.4
2001 73.7 73.8
2002 74.1 74.2
2003 74.2 74.6
2004 74.4 74.8
2005 74.4 75.2
2006 74.7 75.4
2007 74.7 75.7
2008 75 75.9
2009 75.4 76.2
2010 75.7 76.4
2011 76 76.7
2012 76.2 76.9
2013 76.4 77.1
2014 76.5 77.4
2015 76.6 77.6
2016 76.6 77.8
2017 76.6 77.9
2018 76.9 78.3
2019 76.6 78.5
2020 75.9 76.3
2021 73.8 77
2022 75.9 79.3
2023 77.1 79.6
2024 77.3 79.8
2025 77.4 80

Montenegro and Panama population clocks and comparison

Population
Montenegro

Panama
Year Population
Montenegro Panama
1960 480,579 1,126,005
1961 491,140 1,159,870
1962 502,558 1,195,301
1963 513,409 1,232,124
1964 521,753 1,270,065
1965 526,327 1,308,835
1966 526,419 1,348,388
1967 522,796 1,388,628
1968 517,481 1,429,447
1969 513,340 1,470,886
1970 512,407 1,513,070
1971 515,449 1,556,081
1972 521,785 1,599,723
1973 530,220 1,643,690
1974 538,902 1,687,926
1975 546,487 1,732,389
1976 552,562 1,776,935
1977 557,576 1,821,543
1978 562,065 1,866,311
1979 566,888 1,911,552
1980 572,608 1,957,534
1981 579,445 2,004,418
1982 587,001 2,052,271
1983 594,506 2,101,106
1984 600,884 2,150,782
1985 605,398 2,200,915
1986 607,711 2,251,325
1987 608,144 2,301,970
1988 607,413 2,352,848
1989 606,571 2,403,820
1990 606,372 2,455,583
1991 607,105 2,508,265
1992 608,516 2,561,336
1993 610,170 2,615,099
1994 611,389 2,669,546
1995 611,712 2,724,557
1996 611,003 2,780,227
1997 609,520 2,836,695
1998 607,662 2,893,914
1999 606,001 2,951,822
2000 604,950 3,010,369
2001 607,389 3,069,537
2002 609,828 3,129,344
2003 612,267 3,189,807
2004 613,353 3,251,155
2005 614,261 3,313,026
2006 615,025 3,375,024
2007 615,875 3,437,490
2008 616,969 3,500,648
2009 618,294 3,564,381
2010 619,428 3,628,535
2011 620,345 3,693,505
2012 621,418 3,759,256
2013 622,587 3,825,329
2014 623,744 3,892,101
2015 624,651 3,960,035
2016 625,353 4,029,086
2017 625,982 4,098,707
2018 626,438 4,167,860
2019 626,753 4,234,700
2020 626,590 4,293,261
2021 625,053 4,345,405
2022 623,591 4,400,773
2023 623,529 4,458,759
2024 623,831 4,515,577

Fertility rates in Montenegro and Panama

Fertility rate
Montenegro

Panama
Year Fertility rate
Montenegro Panama
1960 3.53 5.83
1961 3.49 5.87
1962 3.44 5.87
1963 3.38 5.87
1964 3.28 5.81
1965 3.19 5.73
1966 3.09 5.65
1967 2.91 5.53
1968 2.8 5.41
1969 2.79 5.29
1970 2.69 5.18
1971 2.67 5.05
1972 2.61 4.91
1973 2.51 4.74
1974 2.43 4.58
1975 2.38 4.41
1976 2.35 4.26
1977 2.31 4.12
1978 2.25 3.98
1979 2.2 3.88
1980 2.22 3.8
1981 2.19 3.72
1982 2.19 3.66
1983 2.17 3.6
1984 2.14 3.52
1985 2.13 3.43
1986 2.09 3.34
1987 2.07 3.25
1988 2.01 3.17
1989 1.94 3.12
1990 1.95 3.07
1991 2.02 3
1992 2.01 2.95
1993 1.96 2.91
1994 1.94 2.88
1995 1.96 2.85
1996 1.92 2.83
1997 1.89 2.81
1998 1.89 2.79
1999 1.88 2.77
2000 1.9 2.74
2001 1.86 2.72
2002 1.81 2.7
2003 1.8 2.68
2004 1.73 2.68
2005 1.69 2.64
2006 1.73 2.62
2007 1.8 2.61
2008 1.89 2.61
2009 1.98 2.59
2010 1.7 2.59
2011 1.65 2.6
2012 1.72 2.59
2013 1.73 2.57
2014 1.75 2.55
2015 1.7 2.53
2016 1.8 2.5
2017 1.8 2.46
2018 1.8 2.4
2019 1.8 2.29
2020 1.75 2.18
2021 1.75 2.15
2022 1.8 2.14
2023 1.74 2.12

Montenegro and Panama demographics compared

Median age
Montenegro

Panama
Year Median age, years
Montenegro Panama
1960 22.7 17.8
1961 22.8 17.8
1962 22.9 17.7
1963 23.1 17.6
1964 23.2 17.6
1965 23.4 17.5
1966 23.5 17.5
1967 23.6 17.5
1968 23.7 17.5
1969 23.8 17.6
1970 23.9 17.6
1971 23.9 17.7
1972 24.1 17.7
1973 24.4 17.8
1974 24.7 18
1975 25 18.1
1976 25.3 18.3
1977 25.7 18.4
1978 26 18.6
1979 26.3 18.8
1980 26.5 19
1981 26.8 19.2
1982 27.2 19.5
1983 27.5 19.7
1984 27.9 19.9
1985 28.2 20.2
1986 28.6 20.4
1987 28.9 20.7
1988 29.2 21
1989 29.5 21.3
1990 29.7 21.5
1991 30.1 21.8
1992 30.4 22.1
1993 30.8 22.4
1994 31.2 22.7
1995 31.6 22.9
1996 31.9 23.2
1997 32.3 23.5
1998 32.7 23.7
1999 33 24
2000 33.3 24.3
2001 33.6 24.5
2002 33.9 24.8
2003 34.2 25.1
2004 34.4 25.3
2005 34.7 25.6
2006 35 25.9
2007 35.4 26.1
2008 35.7 26.4
2009 36 26.7
2010 36.3 27
2011 36.6 27.2
2012 36.9 27.5
2013 37.1 27.8
2014 37.5 28
2015 37.8 28.3
2016 38.2 28.5
2017 38.6 28.8
2018 39 29.1
2019 39.4 29.4
2020 39.7 29.7
2021 39.9 30
2022 40.1 30.3
2023 40.3 30.6
2024 40.6 30.9

Interactive Maps

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

GDP per capita

GDP

Life expectancy

Population

Population density

Fertility rate

Median age

Land area

National statistics comparison

Finance

Montenegro Panama
GNI, Atlas method
$7.5B
2024
$81.1B
2024
Government expenditure, % of GDP
44%
2025
21.8%
2025
Education expenditure, % of GDP n/a
2.47%
2023
Military expenditure, % of GDP
1.63%
2023
0.97%
1999
Armed forces personnel
12,000
2020
28,000
2020
Deficit/surplus, % of GDP
-3.38%
2025
-3.95%
2025
Unemployment rate
13.1%
2023
8.61%
2024
Services, % of GDP
62.1%
2024
68.8%
2024
Industry, % of GDP
11.6%
2024
26.3%
2024
Economic freedom index
63.8
2025
65.5
2025
Income share by richest 10%
24.7%
2021
37.6%
2024
Income share by poorest 10%
2.1%
2021
1.2%
2024
Number of billionaires n/a
0
2025
Percentage of billionaires n/a
0%
2025
Listed domestic companies
112
2012
36
2024
Market capitalization of domestic companies
$3.79B
2012
$18.3B
2024
Total reserves including gold
$1.74B
2024
$6.86B
2024
Personal remittances received
$855M
2024
$532M
2024
International tourist arrivals
351,000
2020
647,000
2020
International tourism as share of exports
14.4%
2020
9.3%
2020
Banked people share
75.4%
2024
64.1%
2024

Energy

Montenegro Panama
Energy use, kg of oil equivalent per capita
1,722 kg
2023
1,063 kg
2022
GDP PPP per kg equivalent of energy use
$17.8
2023
$34.1
2022
Carbon dioxide (CO2) emissions n/a
14.7 megatons
2023
CO2 emissions per capita n/a
3.3 tons
2023
Fossil fuel energy use share
72.2%
2022
76.5%
2022
Renewable energy use share
39.6%
2021
28%
2021
Alternative and nuclear energy use share
20.6%
2023
17.3%
2022
Net energy imports use share
24.4%
2023
171.2%
2022
Electric power consumption per capita
4,564 kWh
2023
2,546 kWh
2022
Renewable electricity output share
61.8%
2021
79.3%
2021
Hydroelectric share
53.1%
2023
66.3%
2022
Nuclear share
0%
2021
0%
2021
Electricity access
100%
2023
97%
2023

Society

Montenegro Panama
% of world population
0.008%
2024
0.06%
2024
Annual migration change
-1,686
2024
+6,706
2024
Urban population
68.8%
2024
69.9%
2024
Male:Female ratio
50:50
2024
50:50
2024
Average male height
6.01 ft
2025
5.58 ft
2025
Average female height
5.58 ft
2025
5.19 ft
2025
Quality of life index
64.3
2025
60
2025
Corruption Perceptions Index
46
2024
33
2024
Higher education index
60
2025
43
2025
Homicides per 100K people
0.79
2023
11.3
2022
Road traffic mortality per 100K people
7.6
2019
13.9
2019
Visa free countries
130
2025
140
2025
Adult literacy rate
99%
2021
96.3%
2024
English speaking
26%
2025
14%
2023
People using the Internet
88.9%
2024
68.5%
2023

Health

Montenegro Panama
Government health expenditure per capita
$1,107
2022
$1,472
2022
Out-of-pocket health expenditure per capita
$407
2022
$547
2022
Life expectancy
77.4 years
2025
80 years
2025
Foreign aid share of health expenditure n/a
0.41%
2022
Physicians per 1,000 people
2.75
2022
1.73
2021
Age at first childbirth
26.3 years
2010
n/a
Maternal mortality per 100K births
6
2023
37
2023
Mortality rate before reaching 5 years of age, per 1,000 live births
2.6
2023
13.3
2023
Obesity rate
18.7%
2022
37.1%
2022
Diabetes prevalence
10.7%
2024
11.1%
2024
Air quality index
48
2025
79
2025
Tobacco use prevalence
32%
2022
5.2%
2022
Pure alcohol consumption per capita
10.3 liters
2019
4.66 liters
2020

Territory

Montenegro Panama
% of world land
0.009%
2025
0.05%
2025
Land area per capita
8,324 sq mi
2024
6,343 sq mi
2024
Agricultural land area
1,017 sq mi
2025
8,456 sq mi
2025
Forest area
3,193 sq mi
2025
16,138 sq mi
2025
Roads length
4,823 mi
2010
n/a

In-depth comparisons

Facts comparisons

Facts vs Montenegro vs Panama
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