Quality of life comparison

compared to

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

Health

live 6.2 years longer

In Mongolia, the average life expectancy is 71 years (67 years for men, 76 years for women) as of 2022. In Panama, that number is 78 years (75 years for men, 81 years for women) as of 2022.

be 10.2% more likely to be obese

In Mongolia, 20.6% of adults are obese as of 2016. In Panama, that number is 22.7% of people as of 2016.

Economy

make 2.2 times more money

Mongolia has a GDP per capita of $16,300 as of 2023, while in Panama, the GDP per capita is $35,800 as of 2023.

be 22.7% less likely to live below the poverty line

In Mongolia, 27.8% live below the poverty line as of 2020. In Panama, however, that number is 21.5% as of 2019.

pay a 2.5 times higher top tax rate

Mongolia has a top tax rate of 10.0% as of 2016. In Panama, the top tax rate is 25.0% as of 2016.

Life

be 18.5% less likely to die during infancy

In Mongolia, approximately 20.2 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.

have 16.8% more children

In Mongolia, there are approximately 14.9 babies per 1,000 people as of 2024. In Panama, there are 17.4 babies per 1,000 people as of 2024.

be 28.2% more likely to die during childbirth

In Mongolia, approximately 39.0 women per 100,000 births die during labor as of 2020. In Panama, 50.0 women do as of 2020.

Basic Needs

be 19.0% less likely to have internet access

In Mongolia, approximately 84.0% of the population has internet access as of 2021. In Panama, about 68.0% do as of 2021.

Expenditures

spend 17.0% less on education

Mongolia spends 4.7% of its total GDP on education as of 2020. Panama spends 3.9% of total GDP on education as of 2020.

spend 98.0% more on healthcare

Mongolia spends 4.9% of its total GDP on healthcare as of 2020. In Panama, that number is 9.7% of GDP as of 2020.

The statistics above were calculated using the following data sources: The World Factbook, General Directorate of Revenues, Panama, General Department of National Taxation.

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.
Read more

How big is Panama compared to Mongolia? See an in-depth size comparison.

Share this

ASK THE ELSEWHERE COMMUNITY

Join the Elsewhere community and ask a question about Panama.or Mongolia It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.