Quality of life comparison

compared to

If you lived in Panama instead of Monaco, you would:

Health

live 11.9 years less

In Monaco, the average life expectancy is 90 years (86 years for men, 93 years for women) as of 2022. In Panama, that number is 78 years (75 years for men, 81 years for women) as of 2022.

Economy

make 69.1% less money

Monaco has a GDP per capita of $115,700 as of 2015, while in Panama, the GDP per capita is $35,800 as of 2023.

be 3.4 times more likely to be unemployed

In Monaco, 2.0% of adults are unemployed as of 2012. In Panama, that number is 6.7% as of 2023.

Life

have 2.7 times more children

In Monaco, there are approximately 6.5 babies per 1,000 people as of 2024. In Panama, there are 17.4 babies per 1,000 people as of 2024.

be 9.3 times more likely to die during infancy

In Monaco, approximately 1.8 children (per 1,000 live births) die before they reach the age of one as of 2022. In Panama, on the other hand, 16.4 children do as of 2022.

Basic Needs

be 20.9% less likely to have internet access

In Monaco, approximately 86.0% of the population has internet access as of 2021. In Panama, about 68.0% do as of 2021.

Expenditures

spend 3.3 times more on education

Monaco spends 1.2% of its total GDP on education as of 2019. Panama spends 3.9% of total GDP on education as of 2020.

spend 5.7 times more on healthcare

Monaco spends 1.7% of its total GDP on healthcare as of 2020. In Panama, that number is 9.7% of GDP as of 2020.

Geography

see 607.3 times more coastline

Monaco has a total of 4 km of coastline. In Panama, that number is 2,490 km.

The statistics above were calculated using the following data sources: The World Factbook.

Panama: At a glance

Panama is a sovereign country in Central America/Caribbean, with a total land area of approximately 74,340 sq km. Explored and settled by the Spanish in the 16th century, Panama broke with Spain in 1821 and joined a union of Colombia, Ecuador, and Venezuela - named the Republic of Gran Colombia. When the latter dissolved in 1830, Panama remained part of Colombia. With US backing, Panama seceded from Colombia in 1903 and promptly signed a treaty with the US allowing for the construction of a canal and US sovereignty over a strip of land on either side of the structure (the Panama Canal Zone). The Panama Canal was built by the US Army Corps of Engineers between 1904 and 1914. In 1977, an agreement was signed for the complete transfer of the Canal from the US to Panama by the end of the century. Certain portions of the Zone and increasing responsibility over the Canal were turned over in the subsequent decades. With US help, dictator Manuel NORIEGA was deposed in 1989. The entire Panama Canal, the area supporting the Canal, and remaining US military bases were transferred to Panama by the end of 1999. In October 2006, Panamanians approved an ambitious plan (estimated to cost $5.3 billion) to expand the Canal. The project, which began in 2007 and could double the Canal's capacity, is expected to be completed in 2015.
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How big is Panama compared to Monaco? See an in-depth size comparison.

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