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Panama vs Taiwan statistics compared

Updated on by Georank team

Panama has a population of 4.52M (ranked 128/197), compared with 23.4M in Taiwan (ranked 60/197). Panama's land area is 28,641 sq mi versus 13,976 sq mi for Taiwan (ranked 115th vs. 133rd).

By GDP, Panama ranks 77/197 ($86.3B) and Taiwan ranks 22/197 ($797B). By GDP per capita, Panama ranks 61/197 ($19,103), while Taiwan ranks 34/197 ($34,041).

Main facts and rankings

Panama Taiwan
Population
4614993
23308308
Population rank 128/197 60/197
GDP
$86.3B
2024
$797B
2024
GDP rank 77/197 22/197
GDP per capita
$19,103
2024
$34,041
2024
GDP per capita rank 61/197 34/197
GDP per capita, PPP
$41,405
2024
$50,500
2017
Government debt
$48.8B
2024
$209B
2024
Debt-to-GDP ratio
58.1%
2025
24%
2025
Government debt per person
$10,816
2024
$8,907
2024
Government debt per person rank 55/185 61/185
Average annual personal income after taxes
$10,503
2025
$17,771
2025
Land area
28,641 sq mi
2025
13,976 sq mi
2025
Population density
157.7 ppl/mi²
2024
1,675 ppl/mi²
2024
Fertility rate
2.12
2023
0.89
2024
Median age
30.9 years
2024
45.1 years
2024
Life expectancy
80 years
2025
80.9 years
2025

Panama and Taiwan: Comparison Charts

Panama and Taiwan economies compared

GDP
Panama

Taiwan
Year GDP
Panama Taiwan
1960 $537,147,100 -
1961 $599,026,300 $1,778,000,000
1962 $652,120,900 $1,960,000,000
1963 $722,784,500 $2,218,000,000
1964 $776,137,500 $2,592,000,000
1965 $852,485,300 $2,869,000,000
1966 $928,833,000 $3,207,000,000
1967 $1,034,376,400 $3,709,000,000
1968 $1,112,791,100 $4,325,000,000
1969 $1,221,305,700 $5,017,000,000
1970 $1,351,006,400 $5,785,000,000
1971 $1,523,917,200 $6,727,000,000
1972 $1,673,411,700 $8,063,000,000
1973 $1,913,793,400 $10,940,000,000
1974 $2,188,307,600 $14,739,000,000
1975 $2,435,304,100 $15,836,000,000
1976 $2,588,106,000 $18,988,000,000
1977 $2,738,261,900 $22,252,000,000
1978 $3,244,558,600 $27,373,000,000
1979 $3,704,551,600 $33,875,000,000
1980 $4,614,086,400 $42,292,000,000
1981 $5,222,421,500 $49,047,000,000
1982 $5,769,767,900 $49,540,000,000
1983 $5,923,755,900 $54,155,000,000
1984 $6,183,387,100 $61,036,000,000
1985 $6,541,517,100 $63,599,000,000
1986 $6,797,834,200 $78,347,000,000
1987 $6,827,665,300 $104,956,000,000
1988 $5,902,783,400 $126,378,000,000
1989 $5,918,469,800 $152,687,000,000
1990 $6,433,967,000 $166,392,000,000
1991 $7,074,675,500 $187,100,000,000
1992 $8,042,337,700 $222,947,000,000
1993 $8,782,585,400 $234,943,000,000
1994 $9,365,289,800 $256,213,000,000
1995 $9,573,813,700 $279,013,000,000
1996 $9,197,503,300 $292,473,000,000
1997 $10,058,854,400 $303,315,000,000
1998 $11,019,557,700 $279,926,000,000
1999 $11,660,704,800 $303,827,000,000
2000 $11,966,497,000 $330,725,000,000
2001 $12,252,906,300 $299,303,000,000
2002 $12,800,851,300 $307,429,000,000
2003 $13,603,456,000 $317,374,000,000
2004 $15,100,203,400 $346,881,000,000
2005 $16,623,906,700 $374,042,000,000
2006 $18,659,721,500 $386,492,000,000
2007 $21,717,433,800 $406,940,000,000
2008 $25,721,328,000 $415,824,000,000
2009 $27,791,215,500 $390,788,000,000
2010 $30,231,009,500 $444,245,000,000
2011 $35,687,738,300 $483,957,000,000
2012 $41,595,439,700 $495,536,000,000
2013 $46,949,496,500 $512,957,000,000
2014 $51,427,104,900 $535,332,000,000
2015 $55,767,806,100 $534,474,000,000
2016 $59,760,858,700 $543,002,000,000
2017 $64,327,688,800 $591,734,000,000
2018 $67,316,471,200 $610,744,000,000
2019 $69,778,991,200 $613,453,000,000
2020 $57,059,846,500 $676,935,000,000
2021 $67,396,392,500 $777,062,000,000
2022 $76,276,116,700 $765,529,000,000
2023 $83,318,176,900 $757,276,000,000
2024 $86,260,400,000 $796,904,000,000

Panama and Taiwan economies compared

GDP per capita
Panama

Taiwan
Year GDP per capita
Panama Taiwan
1960 $477 -
1961 $516 $161.2
1962 $546 $172
1963 $587 $188.6
1964 $611 $213.6
1965 $651 $229.3
1966 $689 $249.1
1967 $745 $280.8
1968 $778 $319
1969 $830 $357
1970 $893 $397
1971 $979 $451
1972 $1,046 $530
1973 $1,164 $706
1974 $1,296 $934
1975 $1,406 $985
1976 $1,457 $1,158
1977 $1,503 $1,330
1978 $1,738 $1,606
1979 $1,938 $1,950
1980 $2,357 $2,389
1981 $2,605 $2,720
1982 $2,811 $2,699
1983 $2,819 $2,903
1984 $2,875 $3,224
1985 $2,972 $3,314
1986 $3,019 $4,036
1987 $2,966 $5,350
1988 $2,509 $6,370
1989 $2,462 $7,613
1990 $2,620 $8,205
1991 $2,821 $9,125
1992 $3,140 $10,768
1993 $3,358 $11,242
1994 $3,508 $12,150
1995 $3,514 $13,119
1996 $3,308 $13,641
1997 $3,546 $14,020
1998 $3,808 $12,820
1999 $3,950 $13,804
2000 $3,975 $14,908
2001 $3,992 $13,397
2002 $4,091 $13,686
2003 $4,265 $14,066
2004 $4,645 $15,317
2005 $5,018 $16,456
2006 $5,529 $16,934
2007 $6,318 $17,757
2008 $7,348 $18,081
2009 $7,797 $16,933
2010 $8,331 $19,197
2011 $9,662 $20,866
2012 $11,065 $21,295
2013 $12,273 $21,973
2014 $13,213 $22,874
2015 $14,083 $22,780
2016 $14,832 $23,091
2017 $15,695 $25,121
2018 $16,151 $25,901
2019 $16,478 $25,998
2020 $13,291 $28,705
2021 $15,510 $33,111
2022 $17,332 $32,827
2023 $18,686 $32,442
2024 $19,103 $34,041

Panama vs. Taiwan life expectancy calculator

Life expectancy
Panama

Taiwan
Year Life expectancy, years
Panama Taiwan
1950 55.4 56.6
1951 55.9 57.2
1952 56.4 57.9
1953 56.8 58.6
1954 57.2 58.9
1955 57.5 59.8
1956 57.9 60.3
1957 58.3 61
1958 58.9 61
1959 59.6 61.6
1960 60.3 62.5
1961 60.9 63
1962 61.4 63.8
1963 61.8 64.5
1964 62.1 64.9
1965 62.3 65.7
1966 62.6 66.1
1967 62.9 66.7
1968 63.2 66.8
1969 63.7 67.7
1970 64.1 69
1971 64.7 69.4
1972 65.2 69.6
1973 65.8 69.8
1974 66.6 70.3
1975 67.2 70.9
1976 67.8 71.2
1977 68.3 71.3
1978 68.7 71.7
1979 69.1 71.7
1980 69.5 72
1981 69.8 72
1982 69.9 72.4
1983 70.1 72.4
1984 70.4 73
1985 70.5 73.3
1986 70.7 73.3
1987 70.8 73.6
1988 70.9 73.4
1989 70.1 73.7
1990 71.3 73.9
1991 71.3 74.3
1992 71.5 74.3
1993 71.8 74.6
1994 71.9 74.7
1995 72 74.6
1996 72.2 74.9
1997 72.5 75.3
1998 72.8 75.5
1999 73.1 75.6
2000 73.4 76.1
2001 73.8 76.5
2002 74.2 76.9
2003 74.6 77
2004 74.8 77.2
2005 75.2 77.1
2006 75.4 77.8
2007 75.7 78
2008 75.9 78.3
2009 76.2 78.7
2010 76.4 79
2011 76.7 78.9
2012 76.9 79.2
2013 77.1 79.6
2014 77.4 79.5
2015 77.6 79.9
2016 77.8 79.7
2017 77.9 80.1
2018 78.3 80.4
2019 78.5 80.6
2020 76.3 81.1
2021 77 80.8
2022 79.3 80.2
2023 79.6 80.6
2024 79.8 80.7
2025 80 80.9

Panama and Taiwan population clocks and comparison

Population
Panama

Taiwan
Year Population
Panama Taiwan
1960 1,126,005 -
1961 1,159,870 11,030,385
1962 1,195,301 11,392,513
1963 1,232,124 11,762,101
1964 1,270,065 12,137,143
1965 1,308,835 12,511,863
1966 1,348,388 12,874,153
1967 1,388,628 13,210,344
1968 1,429,447 13,548,537
1969 1,470,886 14,068,984
1970 1,513,070 14,582,944
1971 1,556,081 14,913,564
1972 1,599,723 15,220,495
1973 1,643,690 15,505,121
1974 1,687,926 15,784,817
1975 1,732,389 16,075,128
1976 1,776,935 16,401,413
1977 1,821,543 16,730,895
1978 1,866,311 17,042,272
1979 1,911,552 17,372,779
1980 1,957,534 17,704,538
1981 2,004,418 18,029,982
1982 2,052,271 18,354,855
1983 2,101,106 18,653,146
1984 2,150,782 18,929,866
1985 2,200,915 19,191,510
1986 2,251,325 19,411,454
1987 2,301,970 19,617,046
1988 2,352,848 19,839,704
1989 2,403,820 20,055,492
1990 2,455,583 20,278,946
1991 2,508,265 20,503,568
1992 2,561,336 20,704,227
1993 2,615,099 20,899,019
1994 2,669,546 21,086,645
1995 2,724,557 21,267,653
1996 2,780,227 21,441,432
1997 2,836,695 21,634,124
1998 2,893,914 21,835,703
1999 2,951,822 22,010,489
2000 3,010,369 22,184,530
2001 3,069,537 22,341,120
2002 3,129,344 22,463,172
2003 3,189,807 22,562,663
2004 3,251,155 22,646,836
2005 3,313,026 22,729,753
2006 3,375,024 22,823,455
2007 3,437,490 22,917,444
2008 3,500,648 22,997,696
2009 3,564,381 23,078,402
2010 3,628,535 23,140,948
2011 3,693,505 23,193,518
2012 3,759,256 23,270,367
2013 3,825,329 23,344,670
2014 3,892,101 23,403,635
2015 3,960,035 23,462,914
2016 4,029,086 23,515,945
2017 4,098,707 23,555,522
2018 4,167,860 23,580,080
2019 4,234,700 23,596,027
2020 4,293,261 23,582,179
2021 4,345,405 23,468,275
2022 4,400,773 23,319,977
2023 4,458,759 23,342,541
2024 4,515,577 23,410,331

Fertility rates in Panama and Taiwan

Fertility rate
Panama

Taiwan
Year Fertility rate
Panama Taiwan
1951 - 7.04
1952 - -
1953 - -
1954 - -
1955 - -
1956 - -
1957 - -
1958 - -
1959 - -
1960 5.83 -
1961 5.87 -
1962 5.87 -
1963 5.87 -
1964 5.81 -
1965 5.73 -
1966 5.65 -
1967 5.53 -
1968 5.41 -
1969 5.29 -
1970 5.18 -
1971 5.05 -
1972 4.91 -
1973 4.74 -
1974 4.58 -
1975 4.41 -
1976 4.26 -
1977 4.12 -
1978 3.98 -
1979 3.88 -
1980 3.8 -
1981 3.72 2.46
1982 3.66 -
1983 3.6 -
1984 3.52 -
1985 3.43 -
1986 3.34 -
1987 3.25 -
1988 3.17 -
1989 3.12 -
1990 3.07 -
1991 3 1.72
1992 2.95 -
1993 2.91 -
1994 2.88 -
1995 2.85 -
1996 2.83 -
1997 2.81 -
1998 2.79 -
1999 2.77 -
2000 2.74 -
2001 2.72 1.4
2002 2.7 -
2003 2.68 -
2004 2.68 -
2005 2.64 -
2006 2.62 -
2007 2.61 -
2008 2.61 -
2009 2.59 -
2010 2.59 -
2011 2.6 1.07
2012 2.59 -
2013 2.57 -
2014 2.55 -
2015 2.53 1.18
2016 2.5 1.17
2017 2.46 1.13
2018 2.4 1.06
2019 2.29 1.05
2020 2.18 0.99
2021 2.15 0.98
2022 2.14 0.87
2023 2.12 0.87
2024 - 0.89

Panama and Taiwan demographics compared

Median age
Panama

Taiwan
Year Median age, years
Panama Taiwan
1960 17.8 -
1961 17.8 -
1962 17.7 -
1963 17.6 -
1964 17.6 -
1965 17.5 -
1966 17.5 -
1967 17.5 -
1968 17.5 -
1969 17.6 -
1970 17.6 -
1971 17.7 -
1972 17.7 -
1973 17.8 -
1974 18 20.8
1975 18.1 21.2
1976 18.3 21.5
1977 18.4 21.9
1978 18.6 22.3
1979 18.8 22.6
1980 19 23
1981 19.2 23.4
1982 19.5 23.8
1983 19.7 24.1
1984 19.9 24.6
1985 20.2 25.1
1986 20.4 25.6
1987 20.7 26.1
1988 21 26.5
1989 21.3 27
1990 21.5 27.5
1991 21.8 28
1992 22.1 28.4
1993 22.4 28.9
1994 22.7 29.4
1995 22.9 29.8
1996 23.2 30.3
1997 23.5 30.7
1998 23.7 31.2
1999 24 31.6
2000 24.3 32.1
2001 24.5 32.6
2002 24.8 33.1
2003 25.1 33.6
2004 25.3 34.1
2005 25.6 34.7
2006 25.9 35.2
2007 26.1 35.8
2008 26.4 36.3
2009 26.7 36.8
2010 27 37.4
2011 27.2 37.9
2012 27.5 38.3
2013 27.8 38.9
2014 28 39.3
2015 28.3 39.9
2016 28.5 40.4
2017 28.8 41
2018 29.1 41.5
2019 29.4 42.1
2020 29.7 42.7
2021 30 43.3
2022 30.3 43.9
2023 30.6 44.5
2024 30.9 45.1

Interactive Maps

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

GDP per capita

GDP

Life expectancy

Population

Population density

Fertility rate

Median age

Land area

National statistics comparison

Finance

Panama Taiwan
GNI, Atlas method
$81.1B
2024
$825B
2024
Government expenditure, % of GDP
21.8%
2025
15.9%
2024
Education expenditure, % of GDP
2.47%
2023
n/a
Military expenditure, % of GDP
0.97%
1999
n/a
Armed forces personnel
28,000
2020
n/a
Deficit/surplus, % of GDP
-3.95%
2025
+0.43%
2024
Unemployment rate
8.61%
2024
3.38%
2024
Services, % of GDP
68.8%
2024
58.8%
2024
Industry, % of GDP
26.3%
2024
39.8%
2024
Economic freedom index
65.5
2025
79.7
2025
Income share by richest 10%
37.6%
2024
n/a
Income share by poorest 10%
1.2%
2024
n/a
Number of millionaires n/a
788,799
2024
Percentage of millionaires n/a
4.01%
2024
Number of billionaires
0
2025
54
2025
Percentage of billionaires
0%
2025
0.0003%
2025
Listed domestic companies
36
2024
n/a
Market capitalization of domestic companies
$18.3B
2024
n/a
Total reserves including gold
$6.86B
2024
n/a
Personal remittances received
$532M
2024
n/a
International tourist arrivals
647,000
2020
n/a
International tourism as share of exports
9.3%
2020
n/a
Banked people share
64.1%
2024
n/a

Energy

Panama Taiwan
Energy use, kg of oil equivalent per capita
1,063 kg
2022
2,308 kg
2024
GDP PPP per kg equivalent of energy use
$34.1
2022
n/a
Carbon dioxide (CO2) emissions
14.7 megatons
2023
273.7 megatons
2022
CO2 emissions per capita
3.3 tons
2023
11.7 tons
2022
Fossil fuel energy use share
76.5%
2022
n/a
Renewable energy use share
28%
2021
n/a
Alternative and nuclear energy use share
17.3%
2022
n/a
Net energy imports use share
171.2%
2022
n/a
Electric power consumption per capita
2,546 kWh
2022
n/a
Renewable electricity output share
79.3%
2021
n/a
Hydroelectric share
66.3%
2022
n/a
Nuclear share
0%
2021
n/a
Electricity access
97%
2023
n/a

Society

Panama Taiwan
% of world population
0.06%
2024
0.29%
2024
Annual migration change
+6,706
2024
+47,029
2024
Urban population
69.9%
2024
n/a
Male:Female ratio
50:50
2024
50:50
2024
Average male height
5.58 ft
2025
5.69 ft
2025
Average female height
5.19 ft
2025
5.27 ft
2025
Quality of life index
60
2025
78.9
2025
Corruption Perceptions Index
33
2024
67
2024
Higher education index
43
2025
88
2025
Homicides per 100K people
11.3
2022
0.8
2015
Road traffic mortality per 100K people
13.9
2019
2
2024
Visa free countries
140
2025
129
2025
Adult literacy rate
96.3%
2024
98.5%
2014
English speaking
14%
2023
30%
2025
People using the Internet
68.5%
2023
n/a

Health

Panama Taiwan
Government health expenditure per capita
$1,472
2022
n/a
Out-of-pocket health expenditure per capita
$547
2022
n/a
Life expectancy
80 years
2025
80.9 years
2025
Foreign aid share of health expenditure
0.41%
2022
n/a
Physicians per 1,000 people
1.73
2021
n/a
Maternal mortality per 100K births
37
2023
14
2024
Mortality rate before reaching 5 years of age, per 1,000 live births
13.3
2023
n/a
Obesity rate
37.1%
2022
11.3%
2022
Diabetes prevalence
11.1%
2024
n/a
Air quality index
79
2025
55
2025
Tobacco use prevalence
5.2%
2022
n/a
Pure alcohol consumption per capita
4.66 liters
2020
n/a

Territory

Panama Taiwan
% of world land
0.05%
2025
0.02%
2025
Land area per capita
6,343 sq mi
2024
597 sq mi
2024
Agricultural land area
8,456 sq mi
2025
3,000 sq mi
2025
Forest area
16,138 sq mi
2025
8,495 sq mi
2025
Roads length n/a
25,771 mi
2019

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