Quality of life comparison
If you lived in Monaco instead of Panama, you would:
Health
live 11.9 years longer
In Panama, the average life expectancy is 78 years (75 years for men, 81 years for women) as of 2022. In Monaco, that number is 90 years (86 years for men, 93 years for women) as of 2022.
Economy
make 3.2 times more money
Panama has a GDP per capita of $35,800 as of 2023, while in Monaco, the GDP per capita is $115,700 as of 2015.
be 70.1% less likely to be unemployed
In Panama, 6.7% of adults are unemployed as of 2023. In Monaco, that number is 2.0% as of 2012.
Life
be 89.3% less likely to die during infancy
In Panama, approximately 16.4 children (per 1,000 live births) die before they reach the age of one as of 2022. In Monaco, on the other hand, 1.8 children do as of 2022.
have 62.6% fewer children
In Panama, there are approximately 17.4 babies per 1,000 people as of 2024. In Monaco, there are 6.5 babies per 1,000 people as of 2024.
Basic Needs
be 26.5% more likely to have internet access
In Panama, approximately 68.0% of the population has internet access as of 2021. In Monaco, about 86.0% do as of 2021.
Expenditures
spend 69.2% less on education
Panama spends 3.9% of its total GDP on education as of 2020. Monaco spends 1.2% of total GDP on education as of 2019.
spend 82.5% less on healthcare
Panama spends 9.7% of its total GDP on healthcare as of 2020. In Monaco, that number is 1.7% of GDP as of 2020.
Geography
see 99.8% less coastline
Panama has a total of 2,490 km of coastline. In Monaco, that number is 4 km.
The statistics above were calculated using the following data sources: The World Factbook.
Monaco: At a glance
How big is Monaco compared to Panama? See an in-depth size comparison.