Quality of life comparison

compared to

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

Health

live 2.8 years longer

In Nicaragua, the average life expectancy is 75 years (73 years for men, 77 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 4.9 times more money

Nicaragua has a GDP per capita of $7,300 as of 2023, while in Panama, the GDP per capita is $35,800 as of 2023.

be 13.7% less likely to live below the poverty line

In Nicaragua, 24.9% live below the poverty line as of 2016. In Panama, however, that number is 21.5% as of 2019.

pay a 16.7% lower top tax rate

Nicaragua has a top tax rate of 30.0% as of 2016. In Panama, the top tax rate is 25.0% as of 2016.

be 39.6% more likely to be unemployed

In Nicaragua, 4.8% of adults are unemployed as of 2023. In Panama, that number is 6.7% as of 2023.

Life

be 35.9% less likely to die during childbirth

In Nicaragua, approximately 78.0 women per 100,000 births die during labor as of 2020. In Panama, 50.0 women do as of 2020.

be 15.9% more likely to be literate

In Nicaragua, the literacy rate is 82.6% as of 2015. In Panama, it is 95.7% as of 2019.

be 13.9% less likely to die during infancy

In Nicaragua, approximately 19.1 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 19.3% more likely to have internet access

In Nicaragua, approximately 57.0% of the population has internet access as of 2021. In Panama, about 68.0% do as of 2021.

be 15.6% more likely to have access to improved drinking water

In Nicaragua, approximately 83% of people have improved drinking water access (98% in urban areas, and 63% in rural areas) as of 2020. In Panama, that number is 96% of people on average (100% in urban areas, and 88% in rural areas) as of 2020.

Expenditures

spend 15.2% less on education

Nicaragua spends 4.6% of its total GDP on education as of 2020. Panama spends 3.9% of total GDP on education as of 2020.

spend 12.8% more on healthcare

Nicaragua spends 8.6% of its total GDP on healthcare as of 2020. In Panama, that number is 9.7% of GDP as of 2020.

Geography

see 2.7 times more coastline

Nicaragua has a total of 910 km of coastline. In Panama, that number is 2,490 km.

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

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 Nicaragua? See an in-depth size comparison.

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