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Panama vs South Korea statistics compared

Updated on by Georank team

Panama has a population of 4.52M (ranked 128/197), compared with 51.8M in South Korea (ranked 29/197). Panama's land area is 28,641 sq mi versus 37,684 sq mi for South Korea (ranked 115th vs. 105th).

By GDP, Panama ranks 78/197 ($86.5B) and South Korea ranks 12/197 ($1.88T). By GDP per capita, Panama ranks 60/197 ($19,161), while South Korea ranks 31/197 ($36,239).

Main facts and rankings

Panama South Korea
Population
4642198
51649918
Population rank 128/197 31/197
GDP
$86.5B
2024
$1.88T
2024
GDP rank 78/197 12/197
GDP per capita
$19,161
2024
$36,239
2024
GDP per capita rank 60/197 31/197
GDP per capita, PPP
$41,369
2024
$61,051
2024
Government debt
$49.6B
2024
$934B
2024
Debt-to-GDP ratio
57.4%
2024
49.8%
2024
Government debt per person
$10,995
2024
$18,052
2024
Government debt per person rank 51/185 33/185
Average annual personal income after taxes
$10,196
2026
$27,215
2026
Land area 28,641 sq mi 37,684 sq mi
Population density
161.6 ppl/mi²
2026
1,371 ppl/mi²
2026
Fertility rate
2.12
2023
0.72
2023
Median age
30.9 years
2024
46.1 years
2024
Life expectancy
80.1 years
2026
84.6 years
2026

Panama and South Korea: Comparison Charts

Panama and South Korea economies compared

GDP
Panama

South Korea
1x
Year GDP
Panama South Korea
2024 $86,523,959,132 $1,875,388,209,407
2023 $83,812,155,244 $1,844,800,934,392
2022 $76,479,304,471 $1,799,363,116,867
2021 $67,396,392,506 $1,942,313,560,966
2020 $57,059,846,522 $1,744,070,276,373
2019 $69,778,991,193 $1,751,045,752,055
2018 $67,316,471,181 $1,824,251,454,307
2017 $64,327,688,826 $1,710,196,756,713
2016 $59,760,858,718 $1,579,150,518,945
2015 $55,767,806,073 $1,539,212,301,136
2014 $51,427,104,882 $1,556,252,422,020
2013 $46,949,496,479 $1,434,669,686,502
2012 $41,595,439,721 $1,335,343,586,438
2011 $35,687,738,252 $1,307,103,477,219
2010 $30,231,009,533 $1,192,830,015,738
2009 $27,791,215,547 $983,065,242,417
2008 $25,721,327,955 $1,091,580,692,542
2007 $21,717,433,808 $1,220,911,904,593
2006 $18,659,721,513 $1,095,175,538,508
2005 $16,623,906,739 $971,740,329,984
2004 $15,100,203,362 $823,251,107,639
2003 $13,603,456,003 $728,516,494,684
2002 $12,800,851,271 $650,014,391,470
2001 $12,252,906,341 $567,564,806,235
2000 $11,966,497,049 $597,487,173,479
1999 $11,660,704,777 $515,697,079,289
1998 $11,019,557,689 $397,297,216,492
1997 $10,058,854,386 $589,202,526,424
1996 $9,197,503,323 $631,196,863,758
1995 $9,573,813,700 $586,286,469,401
1994 $9,365,289,800 $479,181,794,217
1993 $8,782,585,400 $405,705,302,846
1992 $8,042,337,700 $366,921,291,825
1991 $7,074,675,500 $340,851,946,804
1990 $6,433,967,000 $292,064,221,389
1989 $5,918,469,800 $254,236,243,100
1988 $5,902,783,400 $205,477,530,605
1987 $6,827,665,300 $152,240,393,646
1986 $6,797,834,200 $119,965,960,795
1985 $6,541,517,100 $103,764,281,281
1984 $6,183,387,100 $99,749,645,089
1983 $5,923,755,900 $89,621,208,322
1982 $5,769,767,900 $79,921,300,447
1981 $5,222,421,500 $74,287,368,087
1980 $4,614,086,400 $66,547,970,351
1979 $3,704,551,600 $68,083,884,298
1978 $3,244,558,600 $52,824,793,388
1977 $2,738,261,900 $39,064,462,810
1976 $2,588,106,000 $30,371,074,380
1975 $2,435,304,100 $22,126,033,058
1974 $2,188,307,600 $19,860,929,977
1973 $1,913,793,400 $14,067,523,813
1972 $1,673,411,700 $10,990,490,570
1971 $1,523,917,200 $10,005,257,131
1970 $1,351,006,400 $9,085,001,794
1969 $1,221,305,700 $7,743,940,189
1968 $1,112,791,100 $6,167,109,472
1967 $1,034,376,400 $4,895,076,718
1966 $928,833,000 $3,957,064,541
1965 $852,485,300 $3,141,131,708
1964 $776,137,500 $3,476,789,682
1963 $722,784,500 $4,007,692,308
1962 $652,120,900 $2,826,923,077
1961 $599,026,300 $2,427,244,761
1960 $537,147,100 $3,973,069,307

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

GeoRank.org/facts/panama/south-korea | CC BY

Panama and South Korea economies compared

GDP per capita
Panama

South Korea
1x
Year GDP per capita
Panama South Korea
2024 $19,161 $36,239
2023 $18,797 $35,674
2022 $17,379 $34,822
2021 $15,510 $37,518
2020 $13,291 $33,646
2019 $16,478 $33,827
2018 $16,151 $35,364
2017 $15,695 $33,297
2016 $14,832 $30,832
2015 $14,083 $30,172
2014 $13,213 $30,667
2013 $12,273 $28,449
2012 $11,065 $26,601
2011 $9,662 $26,175
2010 $8,331 $24,071
2009 $7,797 $19,937
2008 $7,348 $22,252
2007 $6,318 $25,078
2006 $5,529 $22,610
2005 $5,018 $20,167
2004 $4,645 $17,122
2003 $4,265 $15,212
2002 $4,091 $13,643
2001 $3,992 $11,981
2000 $3,975 $12,710
1999 $3,950 $11,063
1998 $3,808 $8,583
1997 $3,546 $12,822
1996 $3,308 $13,865
1995 $3,514 $13,002
1994 $3,508 $10,734
1993 $3,358 $9,180
1992 $3,140 $8,387
1991 $2,821 $7,873
1990 $2,620 $6,813
1989 $2,462 $5,989
1988 $2,509 $4,889
1987 $2,966 $3,658
1986 $3,019 $2,911
1985 $2,972 $2,543
1984 $2,875 $2,469
1983 $2,819 $2,246
1982 $2,811 $2,032
1981 $2,605 $1,918
1980 $2,357 $1,746
1979 $1,938 $1,814
1978 $1,738 $1,429
1977 $1,503 $1,073
1976 $1,457 $847
1975 $1,406 $627
1974 $1,296 $572
1973 $1,164 $412
1972 $1,046 $328
1971 $979 $304
1970 $893 $281.8
1969 $830 $245.5
1968 $778 $200
1967 $745 $162.5
1966 $689 $134.4
1965 $651 $109.4
1964 $611 $124.2
1963 $587 $147
1962 $546 $106.6
1961 $516 $94.2
1960 $477 $158.8

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

GeoRank.org/facts/panama/south-korea | CC BY

Panama vs. South Korea life expectancy calculator

Life expectancy
Panama

South Korea
1x
Year Life expectancy, years
Panama South Korea
2026 80.1 84.6
2025 80 84.5
2024 79.8 84.4
2023 79.6 84.3
2022 79.3 82.7
2021 77 83.9
2020 76.3 83.7
2019 78.5 83.7
2018 78.3 83.3
2017 77.9 83.3
2016 77.8 82.9
2015 77.6 82.5
2014 77.4 82.4
2013 77.1 81.8
2012 76.9 81.3
2011 76.7 81.2
2010 76.4 80.7
2009 76.2 80.6
2008 75.9 80
2007 75.7 79.4
2006 75.4 79
2005 75.2 78.4
2004 74.8 78
2003 74.6 77.5
2002 74.2 77.2
2001 73.8 76.9
2000 73.4 76.2
1999 73.1 75.6
1998 72.8 75
1997 72.5 74.5
1996 72.2 74
1995 72 73.4
1994 71.9 72.9
1993 71.8 72.7
1992 71.5 72.2
1991 71.3 71.4
1990 71.3 71
1989 70.1 70.7
1988 70.9 70.2
1987 70.8 69.3
1986 70.7 69
1985 70.5 68.4
1984 70.4 68.1
1983 70.1 66.7
1982 69.9 67.1
1981 69.8 67.1
1980 69.5 64.8
1979 69.1 66.1
1978 68.7 65
1977 68.3 64.6
1976 67.8 65
1975 67.2 64.7
1974 66.6 64.2
1973 65.8 63.8
1972 65.2 63.2
1971 64.7 62.7
1970 64.1 62.2
1969 63.7 61.4
1968 63.2 60.9
1967 62.9 60.9
1966 62.6 55.4
1965 62.3 55.8
1964 62.1 55.3
1963 61.8 55
1962 61.4 55
1961 60.9 54.4
1960 60.3 53.8
1959 59.6 52.9
1958 58.9 51.8
1957 58.3 51.6
1956 57.9 50.2
1955 57.5 48.4
1954 57.2 46.1
1953 56.8 40.5
1952 56.4 36.6
1951 55.9 26.6
1950 55.4 22.2

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

GeoRank.org/facts/panama/south-korea | CC BY

Panama and South Korea population clocks and comparison

Population
Panama

South Korea
1x
Year Population
Panama South Korea
2024 4,515,577 51,751,065
2023 4,458,759 51,712,619
2022 4,400,773 51,672,569
2021 4,345,405 51,769,539
2020 4,293,261 51,836,239
2019 4,234,700 51,764,822
2018 4,167,860 51,585,058
2017 4,098,707 51,361,911
2016 4,029,086 51,217,803
2015 3,960,035 51,014,947
2014 3,892,101 50,746,659
2013 3,825,329 50,428,893
2012 3,759,256 50,199,853
2011 3,693,505 49,936,638
2010 3,628,535 49,554,112
2009 3,564,381 49,307,835
2008 3,500,648 49,054,708
2007 3,437,490 48,683,638
2006 3,375,024 48,438,292
2005 3,313,026 48,184,561
2004 3,251,155 48,082,519
2003 3,189,807 47,892,330
2002 3,129,344 47,644,736
2001 3,069,537 47,370,164
2000 3,010,369 47,008,111
1999 2,951,822 46,616,677
1998 2,893,914 46,286,503
1997 2,836,695 45,953,580
1996 2,780,227 45,524,681
1995 2,724,557 45,092,991
1994 2,669,546 44,641,540
1993 2,615,099 44,194,628
1992 2,561,336 43,747,962
1991 2,508,265 43,295,704
1990 2,455,583 42,869,283
1989 2,403,820 42,449,038
1988 2,352,848 42,031,247
1987 2,301,970 41,621,690
1986 2,251,325 41,213,674
1985 2,200,915 40,805,744
1984 2,150,782 40,405,956
1983 2,101,106 39,910,403
1982 2,052,271 39,326,352
1981 2,004,418 38,723,248
1980 1,957,534 38,123,775
1979 1,911,552 37,534,236
1978 1,866,311 36,969,185
1977 1,821,543 36,411,795
1976 1,776,935 35,848,523
1975 1,732,389 35,280,725
1974 1,687,926 34,692,266
1973 1,643,690 34,103,149
1972 1,599,723 33,505,406
1971 1,556,081 32,882,704
1970 1,513,070 32,240,827
1969 1,470,886 31,544,266
1968 1,429,447 30,838,302
1967 1,388,628 30,130,983
1966 1,348,388 29,435,571
1965 1,308,835 28,704,674
1964 1,270,065 27,984,155
1963 1,232,124 27,261,747
1962 1,195,301 26,513,030
1961 1,159,870 25,765,673
1960 1,126,005 25,012,374

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

GeoRank.org/facts/panama/south-korea | CC BY

Fertility rates in Panama and South Korea

Fertility rate
Panama

South Korea
1x
Year Fertility rate
Panama South Korea
2023 2.12 0.72
2022 2.14 0.78
2021 2.15 0.81
2020 2.18 0.84
2019 2.29 0.92
2018 2.4 0.98
2017 2.46 1.05
2016 2.5 1.17
2015 2.53 1.24
2014 2.55 1.21
2013 2.57 1.19
2012 2.59 1.3
2011 2.6 1.24
2010 2.59 1.23
2009 2.59 1.15
2008 2.61 1.19
2007 2.61 1.26
2006 2.62 1.13
2005 2.64 1.09
2004 2.68 1.16
2003 2.68 1.19
2002 2.7 1.18
2001 2.72 1.31
2000 2.74 1.48
1999 2.77 1.43
1998 2.79 1.46
1997 2.81 1.54
1996 2.83 1.57
1995 2.85 1.63
1994 2.88 1.66
1993 2.91 1.65
1992 2.95 1.76
1991 3 1.71
1990 3.07 1.57
1989 3.12 1.56
1988 3.17 1.55
1987 3.25 1.53
1986 3.34 1.58
1985 3.43 1.66
1984 3.52 1.74
1983 3.6 2.06
1982 3.66 2.39
1981 3.72 2.57
1980 3.8 2.82
1979 3.88 2.9
1978 3.98 2.64
1977 4.12 2.99
1976 4.26 3
1975 4.41 3.43
1974 4.58 3.77
1973 4.74 4.07
1972 4.91 4.12
1971 5.05 4.54
1970 5.18 4.53
1969 5.29 4.45
1968 5.41 4.51
1967 5.53 4.62
1966 5.65 4.78
1965 5.73 4.89
1964 5.81 5.07
1963 5.87 5.33
1962 5.87 5.56
1961 5.87 5.8
1960 5.83 5.99

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

GeoRank.org/facts/panama/south-korea | CC BY

Panama and South Korea demographics compared

Median age
Panama

South Korea
1x
Year Median age, years
Panama South Korea
2024 30.9 46.1
2023 30.6 45.5
2022 30.3 44.9
2021 30 44.4
2020 29.7 43.8
2019 29.4 43.1
2018 29.1 42.5
2017 28.8 41.9
2016 28.5 41.4
2015 28.3 40.8
2014 28 40.2
2013 27.8 39.5
2012 27.5 38.8
2011 27.2 38.2
2010 27 37.6
2009 26.7 37
2008 26.4 36.4
2007 26.1 35.8
2006 25.9 35.2
2005 25.6 34.5
2004 25.3 33.9
2003 25.1 33.4
2002 24.8 32.8
2001 24.5 32.3
2000 24.3 31.7
1999 24 31.2
1998 23.7 30.7
1997 23.5 30.2
1996 23.2 29.8
1995 22.9 29.4
1994 22.7 28.9
1993 22.4 28.3
1992 22.1 27.8
1991 21.8 27.2
1990 21.5 26.7
1989 21.3 26.3
1988 21 25.8
1987 20.7 25.3
1986 20.4 24.8
1985 20.2 24.2
1984 19.9 23.7
1983 19.7 23.3
1982 19.5 22.8
1981 19.2 22.5
1980 19 22.1
1979 18.8 21.6
1978 18.6 21.1
1977 18.4 20.7
1976 18.3 20.2
1975 18.1 19.9
1974 18 19.6
1973 17.8 19.3
1972 17.7 19.1
1971 17.7 19
1970 17.6 18.9
1969 17.6 18.8
1968 17.5 18.7
1967 17.5 18.6
1966 17.5 18.5
1965 17.5 18.6
1964 17.6 18.8
1963 17.6 19
1962 17.7 19.1
1961 17.8 19.2
1960 17.8 19.3

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

GeoRank.org/facts/panama/south-korea | CC BY

Interactive Maps

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

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National statistics comparison

Finance

Panama South Korea
GNI, Atlas method
$81.3B
2024
$1.9T
2024
Government expenditure, % of GDP
23.1%
2024
22.5%
2024
Education expenditure, % of GDP
2.47%
2023
5.81%
2022
Military expenditure, % of GDP
0.97%
1999
2.56%
2024
Armed forces personnel
28,000
2020
569,000
2020
Deficit/surplus, % of GDP
-7.42%
2024
-0.78%
2024
Unemployment rate
8.61%
2024
2.78%
2024
Services, % of GDP
69.3%
2024
57.5%
2024
Industry, % of GDP
25.5%
2024
33.9%
2024
Economic freedom index
64.9
2026
73.7
2026
Income share by richest 10%
37.6%
2024
24.6%
2021
Income share by poorest 10%
1.2%
2024
2.9%
2021
Number of millionaires n/a
1,301,000
2025
Percentage of millionaires n/a
2.96%
2025
Number of billionaires
0
2025
30
2025
Percentage of billionaires
0%
2025
0.00007%
2025
Listed domestic companies
36
2024
2,599
2024
Market capitalization of domestic companies
$18.3B
2024
$1.56T
2024
Total reserves including gold
$6.86B
2024
$418B
2024
Personal remittances received
$532M
2024
$7.45B
2024
International tourist arrivals
647,000
2020
2,519,000
2020
International tourism as share of exports
9.3%
2020
1.94%
2020
Banked people share
64.1%
2024
96.9%
2024

Energy

Panama South Korea
Energy use, kg of oil equivalent per capita
1,063 kg
2022
5,337 kg
2023
GDP PPP per kg equivalent of energy use
$34.2
2022
$10.8
2023
Carbon dioxide (CO2) emissions
12.4 megatons
2024
588 megatons
2024
CO2 emissions per capita
2.74 tons
2024
11.4 tons
2024
Fossil fuel energy use share
76.5%
2022
79.1%
2023
Renewable energy use share
28%
2021
3.6%
2021
Alternative and nuclear energy use share
17.3%
2022
18.5%
2023
Net energy imports use share
171.2%
2022
84.6%
2023
Electric power consumption per capita
2,546 kWh
2022
11,426 kWh
2023
Renewable electricity output share
79.3%
2021
6.59%
2021
Hydroelectric share
66.3%
2022
1.23%
2023
Nuclear share
0%
2021
29.6%
2023
Electricity access
97%
2023
100%
2023

Society

Panama South Korea
% of world population
0.06%
2024
0.64%
2024
Annual migration change
+6,151
2025
+65,731
2025
Urban population
66%
2024
81.2%
2024
Male:Female ratio
50:50
2024
49.9:50.1
2024
Average male height
5.58 ft
2025
5.76 ft
2025
Average female height
5.19 ft
2025
5.35 ft
2025
Quality of life index
60.2
2026
87.4
2026
Corruption Perceptions Index
33
2025
63
2025
Higher education index
40
2026
86
2026
Homicides per 100K people
11.3
2022
0.48
2023
Road traffic mortality per 100K people
13.9
2019
8.6
2019
Visa free countries
138
2025
172
2025
Adult literacy rate
96.3%
2024
98.8%
2018
English speaking
14%
2023
20%
2025
People using the Internet
68.5%
2023
97.9%
2024

Health

Panama South Korea
Government health expenditure per capita
$1,558
2023
$3,137
2024
Out-of-pocket health expenditure per capita
$630
2023
$1,058
2024
Life expectancy
80.1 years
2026
84.6 years
2026
Foreign aid share of health expenditure
0.76%
2023
0%
2023
Physicians per 1,000 people
1.63
2022
2.61
2022
Age at first childbirth n/a
32.2 years
2025
Maternal mortality per 100K births
37
2023
4
2023
Mortality rate before reaching 5 years of age
13.3
2023
2.8
2023
Obesity rate
37.1%
2022
7.24%
2022
Diabetes prevalence
11.1%
2024
9.6%
2024
Air quality index
79
2026
46
2026
Tobacco use prevalence
5.2%
2022
20%
2022
Pure alcohol consumption per capita
4.66 liters
2020
7.79 liters
2020

Territory

Panama South Korea
% of world land
0.05%
2026
0.07%
2026
Land area per capita
6,343 sq mi
2024
728 sq mi
2024
Agricultural land area
8,456 sq mi
2026
6,054 sq mi
2026
Forest area
16,138 sq mi
2026
24,158 sq mi
2026
Roads length n/a
68,794 mi
2018

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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