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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 77/197 ($86.3B) and Serbia ranks 75/197 ($89.1B). By GDP per capita, Panama ranks 61/197 ($19,103), while Serbia ranks 74/197 ($13,524).

Main facts and rankings

Panama Serbia
Population
4614993
6541064
Population rank 128/197 110/197
GDP
$86.3B
2024
$89.1B
2024
GDP rank 77/197 75/197
GDP per capita
$19,103
2024
$13,524
2024
GDP per capita rank 61/197 74/197
GDP per capita, PPP
$41,405
2024
$31,867
2024
Government debt
$48.8B
2024
$39.6B
2024
Debt-to-GDP ratio
58.1%
2025
44.4%
2025
Government debt per person
$10,816
2024
$6,015
2024
Government debt per person rank 55/185 74/185
Average annual personal income after taxes
$10,503
2025
$11,469
2025
Land area
28,641 sq mi
2025
32,467 sq mi
2025
Population density
157.7 ppl/mi²
2024
202.9 ppl/mi²
2024
Fertility rate
2.12
2023
1.61
2023
Median age
30.9 years
2024
45.1 years
2024
Life expectancy
80 years
2025
77.1 years
2025

Panama and Serbia: Comparison Charts

Panama and Serbia economies compared

GDP
Panama

Serbia
Year GDP
Panama Serbia
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 $17,921,892,655
1996 $9,197,503,300 $23,277,430,168
1997 $10,058,854,400 $27,153,408,995
1998 $11,019,557,700 $21,004,077,441
1999 $11,660,704,800 $20,878,694,851
2000 $11,966,497,000 $7,326,373,882
2001 $12,252,906,300 $13,599,378,662
2002 $12,800,851,300 $17,930,583,571
2003 $13,603,456,000 $23,593,044,418
2004 $15,100,203,400 $26,845,632,342
2005 $16,623,906,700 $28,334,256,181
2006 $18,659,721,500 $33,298,057,362
2007 $21,717,433,800 $44,888,028,946
2008 $25,721,328,000 $54,220,641,202
2009 $27,791,215,500 $46,955,984,410
2010 $30,231,009,500 $43,536,629,233
2011 $35,687,738,300 $51,251,098,408
2012 $41,595,439,700 $45,103,269,969
2013 $46,949,496,500 $50,455,529,604
2014 $51,427,104,900 $49,114,321,280
2015 $55,767,806,100 $41,297,410,635
2016 $59,760,858,700 $42,225,495,910
2017 $64,327,688,800 $45,972,834,714
2018 $67,316,471,200 $52,787,520,249
2019 $69,778,991,200 $53,864,693,665
2020 $57,059,846,500 $55,874,017,669
2021 $67,396,392,500 $66,159,884,073
2022 $76,276,116,700 $66,797,564,758
2023 $83,318,176,900 $81,342,660,752
2024 $86,260,400,000 $89,083,506,277

Panama and Serbia economies compared

GDP per capita
Panama

Serbia
Year GDP per capita
Panama Serbia
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 $2,349
1996 $3,308 $3,054
1997 $3,546 $3,574
1998 $3,808 $2,775
1999 $3,950 $2,769
2000 $3,975 $975
2001 $3,992 $1,812
2002 $4,091 $2,391
2003 $4,265 $3,154
2004 $4,645 $3,597
2005 $5,018 $3,808
2006 $5,529 $4,493
2007 $6,318 $6,081
2008 $7,348 $7,377
2009 $7,797 $6,414
2010 $8,331 $5,971
2011 $9,662 $7,082
2012 $11,065 $6,263
2013 $12,273 $7,040
2014 $13,213 $6,887
2015 $14,083 $5,820
2016 $14,832 $5,982
2017 $15,695 $6,548
2018 $16,151 $7,560
2019 $16,478 $7,756
2020 $13,291 $8,099
2021 $15,510 $9,681
2022 $17,332 $10,023
2023 $18,686 $12,282
2024 $19,103 $13,524

Panama vs. Serbia life expectancy calculator

Life expectancy
Panama

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

Panama and Serbia population clocks and comparison

Population
Panama

Serbia
Year Population
Panama Serbia
1960 1,126,005 6,638,992
1961 1,159,870 6,689,077
1962 1,195,301 6,740,264
1963 1,232,124 6,787,950
1964 1,270,065 6,832,855
1965 1,308,835 6,876,624
1966 1,348,388 6,927,969
1967 1,388,628 6,966,522
1968 1,429,447 7,007,586
1969 1,470,886 7,123,249
1970 1,513,070 7,164,993
1971 1,556,081 7,211,716
1972 1,599,723 7,252,012
1973 1,643,690 7,283,902
1974 1,687,926 7,326,043
1975 1,732,389 7,368,717
1976 1,776,935 7,418,973
1977 1,821,543 7,462,783
1978 1,866,311 7,504,017
1979 1,911,552 7,541,997
1980 1,957,534 7,709,544
1981 2,004,418 7,736,787
1982 2,052,271 7,763,335
1983 2,101,106 7,788,100
1984 2,150,782 7,813,549
1985 2,200,915 7,835,902
1986 2,251,325 7,853,824
1987 2,301,970 7,868,027
1988 2,352,848 7,884,218
1989 2,403,820 7,893,787
1990 2,455,583 7,897,937
1991 2,508,265 7,595,636
1992 2,561,336 7,604,063
1993 2,615,099 7,614,328
1994 2,669,546 7,622,711
1995 2,724,557 7,628,264
1996 2,780,227 7,622,185
1997 2,836,695 7,598,538
1998 2,893,914 7,567,745
1999 2,951,822 7,540,401
2000 3,010,369 7,516,346
2001 3,069,537 7,503,433
2002 3,129,344 7,500,031
2003 3,189,807 7,480,591
2004 3,251,155 7,463,157
2005 3,313,026 7,440,769
2006 3,375,024 7,411,569
2007 3,437,490 7,381,579
2008 3,500,648 7,350,222
2009 3,564,381 7,320,807
2010 3,628,535 7,291,436
2011 3,693,505 7,236,519
2012 3,759,256 7,201,497
2013 3,825,329 7,166,553
2014 3,892,101 7,131,787
2015 3,960,035 7,095,383
2016 4,029,086 7,058,322
2017 4,098,707 7,020,858
2018 4,167,860 6,982,604
2019 4,234,700 6,945,235
2020 4,293,261 6,899,126
2021 4,345,405 6,834,326
2022 4,400,773 6,664,449
2023 4,458,759 6,623,183
2024 4,515,577 6,587,202

Fertility rates in Panama and Serbia

Fertility rate
Panama

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

Panama and Serbia demographics compared

Median age
Panama

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

Interactive Maps

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

GDP per capita

GDP

Life expectancy

Population

Population density

Fertility rate

Median age

Land area

National statistics comparison

Finance

Panama Serbia
GNI, Atlas method
$81.1B
2024
$76.2B
2024
Government expenditure, % of GDP
21.8%
2025
43.4%
2025
Education expenditure, % of GDP
2.47%
2023
3.4%
2023
Military expenditure, % of GDP
0.97%
1999
2.85%
2023
Armed forces personnel
28,000
2020
32,000
2020
Deficit/surplus, % of GDP
-3.95%
2025
-2.77%
2025
Unemployment rate
8.61%
2024
7.24%
2024
Services, % of GDP
68.8%
2024
58.5%
2024
Industry, % of GDP
26.3%
2024
23.3%
2024
Economic freedom index
65.5
2025
64.4
2025
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
$5.68B
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
$34.1
2022
$12.1
2023
Carbon dioxide (CO2) emissions
14.7 megatons
2023
n/a
CO2 emissions per capita
3.3 tons
2023
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
+6,706
2024
-8,132
2024
Urban population
69.9%
2024
57.4%
2024
Male:Female ratio
50:50
2024
50:50
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
2025
62.7
2025
Corruption Perceptions Index
33
2024
35
2024
Higher education index
43
2025
82
2025
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
140
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
$1,472
2022
$903
2022
Out-of-pocket health expenditure per capita
$547
2022
$330
2022
Life expectancy
80 years
2025
77.1 years
2025
Foreign aid share of health expenditure
0.41%
2022
0.14%
2021
Physicians per 1,000 people
1.73
2021
2.84
2021
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, per 1,000 live births
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
2025
39
2025
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%
2025
0.06%
2025
Land area per capita
6,343 sq mi
2024
4,929 sq mi
2024
Agricultural land area
8,456 sq mi
2025
13,112 sq mi
2025
Forest area
16,138 sq mi
2025
10,516 sq mi
2025
Roads length n/a
28,222 mi
2024

In-depth comparisons

Facts comparisons

Facts vs Panama vs Serbia
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