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Panama vs Serbia statistics compared

Updated on by Georank team

Panama has a population of 4.52M (ranked 128/197), compared with 6.59M in Serbia (ranked 109/197). Panama's land area is 28,641 sq mi versus 32,467 sq mi for Serbia (ranked 115th vs. 111th).

By GDP, Panama ranks 78/197 ($86.5B) and Serbia ranks 76/197 ($90.1B). By GDP per capita, Panama ranks 60/197 ($19,161), while Serbia ranks 73/197 ($13,679).

Main facts and rankings

Panama Serbia
Population
4642198
6494521
Population rank 128/197 110/197
GDP
$86.5B
2024
$90.1B
2024
GDP rank 78/197 76/197
GDP per capita
$19,161
2024
$13,679
2024
GDP per capita rank 60/197 73/197
GDP per capita, PPP
$41,369
2024
$32,832
2024
Government debt
$49.6B
2024
$40.1B
2024
Debt-to-GDP ratio
57.4%
2024
44.5%
2024
Government debt per person
$10,995
2024
$6,084
2024
Government debt per person rank 51/185 73/185
Average annual personal income after taxes
$10,196
2026
$12,252
2026
Land area 28,641 sq mi 32,467 sq mi
Population density
161.6 ppl/mi²
2026
200 ppl/mi²
2026
Fertility rate
2.12
2023
1.61
2023
Median age
30.9 years
2024
45.1 years
2024
Life expectancy
80.1 years
2026
77.3 years
2026

Panama and Serbia: Comparison Charts

Panama and Serbia economies compared

GDP
Panama

Serbia
1x
Year GDP
Panama Serbia
2024 $86,523,959,132 $90,097,765,959
2023 $83,812,155,244 $81,343,999,280
2022 $76,479,304,471 $66,809,895,701
2021 $67,396,392,506 $66,159,884,073
2020 $57,059,846,522 $55,874,017,669
2019 $69,778,991,193 $53,864,693,665
2018 $67,316,471,181 $52,787,520,249
2017 $64,327,688,826 $45,972,834,714
2016 $59,760,858,718 $42,225,495,910
2015 $55,767,806,073 $41,297,410,635
2014 $51,427,104,882 $49,114,321,280
2013 $46,949,496,479 $50,455,529,604
2012 $41,595,439,721 $45,103,269,969
2011 $35,687,738,252 $51,251,098,408
2010 $30,231,009,533 $43,536,629,233
2009 $27,791,215,547 $46,955,984,410
2008 $25,721,327,955 $54,220,641,202
2007 $21,717,433,808 $44,888,028,946
2006 $18,659,721,513 $33,298,057,362
2005 $16,623,906,739 $28,334,256,181
2004 $15,100,203,362 $26,845,632,342
2003 $13,603,456,003 $23,593,044,418
2002 $12,800,851,271 $17,930,583,571
2001 $12,252,906,341 $13,599,378,662
2000 $11,966,497,049 $7,326,373,882
1999 $11,660,704,777 $20,878,694,851
1998 $11,019,557,689 $21,004,077,441
1997 $10,058,854,386 $27,153,408,995
1996 $9,197,503,323 $23,277,430,168
1995 $9,573,813,700 $17,921,892,655
1994 $9,365,289,800 -
1993 $8,782,585,400 -
1992 $8,042,337,700 -
1991 $7,074,675,500 -
1990 $6,433,967,000 -
1989 $5,918,469,800 -
1988 $5,902,783,400 -
1987 $6,827,665,300 -
1986 $6,797,834,200 -
1985 $6,541,517,100 -
1984 $6,183,387,100 -
1983 $5,923,755,900 -
1982 $5,769,767,900 -
1981 $5,222,421,500 -
1980 $4,614,086,400 -
1979 $3,704,551,600 -
1978 $3,244,558,600 -
1977 $2,738,261,900 -
1976 $2,588,106,000 -
1975 $2,435,304,100 -
1974 $2,188,307,600 -
1973 $1,913,793,400 -
1972 $1,673,411,700 -
1971 $1,523,917,200 -
1970 $1,351,006,400 -
1969 $1,221,305,700 -
1968 $1,112,791,100 -
1967 $1,034,376,400 -
1966 $928,833,000 -
1965 $852,485,300 -
1964 $776,137,500 -
1963 $722,784,500 -
1962 $652,120,900 -
1961 $599,026,300 -
1960 $537,147,100 -

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

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

Panama and Serbia economies compared

GDP per capita
Panama

Serbia
1x
Year GDP per capita
Panama Serbia
2024 $19,161 $13,679
2023 $18,797 $12,282
2022 $17,379 $10,025
2021 $15,510 $9,681
2020 $13,291 $8,099
2019 $16,478 $7,756
2018 $16,151 $7,560
2017 $15,695 $6,548
2016 $14,832 $5,982
2015 $14,083 $5,820
2014 $13,213 $6,887
2013 $12,273 $7,040
2012 $11,065 $6,263
2011 $9,662 $7,082
2010 $8,331 $5,971
2009 $7,797 $6,414
2008 $7,348 $7,377
2007 $6,318 $6,081
2006 $5,529 $4,493
2005 $5,018 $3,808
2004 $4,645 $3,597
2003 $4,265 $3,154
2002 $4,091 $2,391
2001 $3,992 $1,812
2000 $3,975 $975
1999 $3,950 $2,769
1998 $3,808 $2,775
1997 $3,546 $3,574
1996 $3,308 $3,054
1995 $3,514 $2,349
1994 $3,508 -
1993 $3,358 -
1992 $3,140 -
1991 $2,821 -
1990 $2,620 -
1989 $2,462 -
1988 $2,509 -
1987 $2,966 -
1986 $3,019 -
1985 $2,972 -
1984 $2,875 -
1983 $2,819 -
1982 $2,811 -
1981 $2,605 -
1980 $2,357 -
1979 $1,938 -
1978 $1,738 -
1977 $1,503 -
1976 $1,457 -
1975 $1,406 -
1974 $1,296 -
1973 $1,164 -
1972 $1,046 -
1971 $979 -
1970 $893 -
1969 $830 -
1968 $778 -
1967 $745 -
1966 $689 -
1965 $651 -
1964 $611 -
1963 $587 -
1962 $546 -
1961 $516 -
1960 $477 -

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

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

Panama vs. Serbia life expectancy calculator

Life expectancy
Panama

Serbia
1x
Year Life expectancy, years
Panama Serbia
2026 80.1 77.3
2025 80 77.1
2024 79.8 76.9
2023 79.6 76.8
2022 79.3 75.5
2021 77 72.9
2020 76.3 74.5
2019 78.5 76.1
2018 78.3 76
2017 77.9 75.8
2016 77.8 75.7
2015 77.6 75.7
2014 77.4 75.5
2013 77.1 75.3
2012 76.9 75.1
2011 76.7 74.7
2010 76.4 74.4
2009 76.2 74.1
2008 75.9 73.9
2007 75.7 73.7
2006 75.4 73.4
2005 75.2 73.1
2004 74.8 72.9
2003 74.6 72.7
2002 74.2 72.6
2001 73.8 72.3
2000 73.4 72.3
1999 73.1 70
1998 72.8 72.3
1997 72.5 72.9
1996 72.2 72.9
1995 72 72.7
1994 71.9 72.3
1993 71.8 71.9
1992 71.5 71.6
1991 71.3 71.9
1990 71.3 72.2
1989 70.1 72.3
1988 70.9 72
1987 70.8 71.9
1986 70.7 71.6
1985 70.5 71.4
1984 70.4 71.2
1983 70.1 71.1
1982 69.9 71
1981 69.8 71.1
1980 69.5 71.1
1979 69.1 71.2
1978 68.7 71.4
1977 68.3 71.8
1976 67.8 71.9
1975 67.2 71.6
1974 66.6 71.1
1973 65.8 70.5
1972 65.2 70
1971 64.7 69.7
1970 64.1 69.7
1969 63.7 70
1968 63.2 70.1
1967 62.9 70.1
1966 62.6 69.4
1965 62.3 68.7
1964 62.1 68
1963 61.8 67.4
1962 61.4 67
1961 60.9 66.3
1960 60.3 65.7
1959 59.6 65.2
1958 58.9 64.3
1957 58.3 63.2
1956 57.9 61.9
1955 57.5 61.3
1954 57.2 60.7
1953 56.8 59.8
1952 56.4 57.4
1951 55.9 55.6
1950 55.4 55.1

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

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

Panama and Serbia population clocks and comparison

Population
Panama

Serbia
1x
Year Population
Panama Serbia
2024 4,515,577 6,586,476
2023 4,458,759 6,623,183
2022 4,400,773 6,664,449
2021 4,345,405 6,834,326
2020 4,293,261 6,899,126
2019 4,234,700 6,945,235
2018 4,167,860 6,982,604
2017 4,098,707 7,020,858
2016 4,029,086 7,058,322
2015 3,960,035 7,095,383
2014 3,892,101 7,131,787
2013 3,825,329 7,166,553
2012 3,759,256 7,201,497
2011 3,693,505 7,236,519
2010 3,628,535 7,291,436
2009 3,564,381 7,320,807
2008 3,500,648 7,350,222
2007 3,437,490 7,381,579
2006 3,375,024 7,411,569
2005 3,313,026 7,440,769
2004 3,251,155 7,463,157
2003 3,189,807 7,480,591
2002 3,129,344 7,500,031
2001 3,069,537 7,503,433
2000 3,010,369 7,516,346
1999 2,951,822 7,540,401
1998 2,893,914 7,567,745
1997 2,836,695 7,598,538
1996 2,780,227 7,622,185
1995 2,724,557 7,628,264
1994 2,669,546 7,622,711
1993 2,615,099 7,614,328
1992 2,561,336 7,604,063
1991 2,508,265 7,595,636
1990 2,455,583 7,897,937
1989 2,403,820 7,893,787
1988 2,352,848 7,884,218
1987 2,301,970 7,868,027
1986 2,251,325 7,853,824
1985 2,200,915 7,835,902
1984 2,150,782 7,813,549
1983 2,101,106 7,788,100
1982 2,052,271 7,763,335
1981 2,004,418 7,736,787
1980 1,957,534 7,709,544
1979 1,911,552 7,541,997
1978 1,866,311 7,504,017
1977 1,821,543 7,462,783
1976 1,776,935 7,418,973
1975 1,732,389 7,368,717
1974 1,687,926 7,326,043
1973 1,643,690 7,283,902
1972 1,599,723 7,252,012
1971 1,556,081 7,211,716
1970 1,513,070 7,164,993
1969 1,470,886 7,123,249
1968 1,429,447 7,007,586
1967 1,388,628 6,966,522
1966 1,348,388 6,927,969
1965 1,308,835 6,876,624
1964 1,270,065 6,832,855
1963 1,232,124 6,787,950
1962 1,195,301 6,740,264
1961 1,159,870 6,689,077
1960 1,126,005 6,638,992

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

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

Fertility rates in Panama and Serbia

Fertility rate
Panama

Serbia
1x
Year Fertility rate
Panama Serbia
2023 2.12 1.61
2022 2.14 1.59
2021 2.15 1.52
2020 2.18 1.48
2019 2.29 1.52
2018 2.4 1.49
2017 2.46 1.49
2016 2.5 1.46
2015 2.53 1.46
2014 2.55 1.46
2013 2.57 1.43
2012 2.59 1.45
2011 2.6 1.4
2010 2.59 1.4
2009 2.59 1.44
2008 2.61 1.4
2007 2.61 1.38
2006 2.62 1.43
2005 2.64 1.45
2004 2.68 1.57
2003 2.68 1.59
2002 2.7 1.57
2001 2.72 1.58
2000 2.74 1.48
1999 2.77 1.35
1998 2.79 1.37
1997 2.81 1.4
1996 2.83 1.44
1995 2.85 1.47
1994 2.88 1.51
1993 2.91 1.54
1992 2.95 1.57
1991 3 1.61
1990 3.07 1.65
1989 3.12 1.69
1988 3.17 1.72
1987 3.25 1.75
1986 3.34 1.78
1985 3.43 1.8
1984 3.52 1.81
1983 3.6 1.83
1982 3.66 1.84
1981 3.72 1.85
1980 3.8 1.86
1979 3.88 1.88
1978 3.98 1.89
1977 4.12 1.9
1976 4.26 1.91
1975 4.41 1.92
1974 4.58 1.93
1973 4.74 1.94
1972 4.91 1.95
1971 5.05 1.96
1970 5.18 1.97
1969 5.29 1.99
1968 5.41 2.01
1967 5.53 2.02
1966 5.65 2.04
1965 5.73 2.06
1964 5.81 2.07
1963 5.87 2.08
1962 5.87 2.11
1961 5.87 2.13
1960 5.83 2.15

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

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

Panama and Serbia demographics compared

Median age
Panama

Serbia
1x
Year Median age, years
Panama Serbia
2024 30.9 45.1
2023 30.6 44.9
2022 30.3 44.7
2021 30 44.5
2020 29.7 44.4
2019 29.4 44.2
2018 29.1 44
2017 28.8 43.7
2016 28.5 43.5
2015 28.3 43.3
2014 28 43
2013 27.8 42.8
2012 27.5 42.6
2011 27.2 42.4
2010 27 42.1
2009 26.7 41.9
2008 26.4 41.7
2007 26.1 41.5
2006 25.9 41.3
2005 25.6 41.1
2004 25.3 40.9
2003 25.1 40.7
2002 24.8 40.5
2001 24.5 40.3
2000 24.3 40.1
1999 24 39.8
1998 23.7 39.5
1997 23.5 39.2
1996 23.2 38.9
1995 22.9 38.5
1994 22.7 38.2
1993 22.4 37.8
1992 22.1 37.5
1991 21.8 37.1
1990 21.5 36.8
1989 21.3 36.5
1988 21 36.1
1987 20.7 35.7
1986 20.4 35.4
1985 20.2 35
1984 19.9 34.7
1983 19.7 34.4
1982 19.5 34.1
1981 19.2 33.9
1980 19 33.8
1979 18.8 33.7
1978 18.6 33.5
1977 18.4 33.4
1976 18.3 33.2
1975 18.1 33
1974 18 32.8
1973 17.8 32.7
1972 17.7 32.5
1971 17.7 32.2
1970 17.6 32
1969 17.6 31.7
1968 17.5 31.4
1967 17.5 31.1
1966 17.5 30.8
1965 17.5 30.5
1964 17.6 30.2
1963 17.6 29.8
1962 17.7 29.4
1961 17.8 29.1
1960 17.8 28.7

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

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

Interactive Maps

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National statistics comparison

Finance

Panama Serbia
GNI, Atlas method
$81.3B
2024
$76.5B
2024
Government expenditure, % of GDP
23.1%
2024
42.7%
2024
Education expenditure, % of GDP
2.47%
2023
3.4%
2023
Military expenditure, % of GDP
0.97%
1999
2.6%
2024
Armed forces personnel
28,000
2020
32,000
2020
Deficit/surplus, % of GDP
-7.42%
2024
-1.75%
2024
Unemployment rate
8.61%
2024
7.24%
2024
Services, % of GDP
69.3%
2024
58.8%
2024
Industry, % of GDP
25.5%
2024
23.1%
2024
Economic freedom index
64.9
2026
65
2026
Income share by richest 10%
37.6%
2024
24.7%
2022
Income share by poorest 10%
1.2%
2024
2.4%
2022
Number of billionaires
0
2025
n/a
Percentage of billionaires
0%
2025
n/a
Listed domestic companies
36
2024
n/a
Market capitalization of domestic companies
$18.3B
2024
$4.06B
2011
Total reserves including gold
$6.86B
2024
$30.5B
2024
Personal remittances received
$532M
2024
$5.76B
2024
International tourist arrivals
647,000
2020
446,000
2020
International tourism as share of exports
9.3%
2020
5.58%
2020
Banked people share
64.1%
2024
83.3%
2024

Energy

Panama Serbia
Energy use, kg of oil equivalent per capita
1,063 kg
2022
2,378 kg
2023
GDP PPP per kg equivalent of energy use
$34.2
2022
$12.5
2023
Carbon dioxide (CO2) emissions
12.4 megatons
2024
n/a
CO2 emissions per capita
2.74 tons
2024
n/a
Fossil fuel energy use share
76.5%
2022
83%
2022
Renewable energy use share
28%
2021
27.2%
2021
Alternative and nuclear energy use share
17.3%
2022
7.3%
2023
Net energy imports use share
171.2%
2022
42.6%
2023
Electric power consumption per capita
2,546 kWh
2022
5,090 kWh
2023
Renewable electricity output share
79.3%
2021
35%
2021
Hydroelectric share
66.3%
2022
32.7%
2023
Nuclear share
0%
2021
0%
2021
Electricity access
97%
2023
100%
2023

Society

Panama Serbia
% of world population
0.06%
2024
0.08%
2024
Annual migration change
+6,151
2025
-13,086
2025
Urban population
66%
2024
62.4%
2024
Male:Female ratio
50:50
2024
47.4:52.6
2024
Average male height
5.58 ft
2025
5.93 ft
2025
Average female height
5.19 ft
2025
5.52 ft
2025
Quality of life index
60.2
2026
63.9
2026
Corruption Perceptions Index
33
2025
33
2025
Higher education index
40
2026
82
2026
Homicides per 100K people
11.3
2022
1.31
2023
Road traffic mortality per 100K people
13.9
2019
7.5
2019
Visa free countries
138
2025
134
2025
Adult literacy rate
96.3%
2024
99.3%
2022
English speaking
14%
2023
55%
2025
People using the Internet
68.5%
2023
87.7%
2024

Health

Panama Serbia
Government health expenditure per capita
$1,558
2023
$984
2023
Out-of-pocket health expenditure per capita
$630
2023
$316
2023
Life expectancy
80.1 years
2026
77.3 years
2026
Foreign aid share of health expenditure
0.76%
2023
0.0002%
2023
Physicians per 1,000 people
1.63
2022
3.1
2022
Age at first childbirth n/a
28.4 years
2023
Maternal mortality per 100K births
37
2023
11
2023
Mortality rate before reaching 5 years of age
13.3
2023
5.2
2023
Obesity rate
37.1%
2022
23.1%
2022
Diabetes prevalence
11.1%
2024
10.5%
2024
Air quality index
79
2026
40
2026
Tobacco use prevalence
5.2%
2022
39.5%
2022
Pure alcohol consumption per capita
4.66 liters
2020
7.89 liters
2019

Territory

Panama Serbia
% of world land
0.05%
2026
0.06%
2026
Land area per capita
6,343 sq mi
2024
4,929 sq mi
2024
Agricultural land area
8,456 sq mi
2026
13,112 sq mi
2026
Forest area
16,138 sq mi
2026
10,516 sq mi
2026
Roads length n/a
28,222 mi
2024

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) (2000–2019, 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)
  12. United Nations Economic Commission for Europe (UNECE) (2023, retrieved 2026-03-10)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.