Quality of life comparison

compared to

If you lived in South Korea instead of Panama, you would:

Health

live 5.3 years longer

In Panama, the average life expectancy is 78 years (75 years for men, 81 years for women) as of 2022. In South Korea, that number is 83 years (80 years for men, 86 years for women) as of 2022.

be 79.3% less likely to be obese

In Panama, 22.7% of adults are obese as of 2016. In South Korea, that number is 4.7% of people as of 2016.

Economy

make 41.3% more money

Panama has a GDP per capita of $35,800 as of 2023, while in South Korea, the GDP per capita is $50,600 as of 2023.

be 60.6% less likely to be unemployed

In Panama, 6.7% of adults are unemployed as of 2023. In South Korea, that number is 2.6% as of 2023.

be 33.0% less likely to live below the poverty line

In Panama, 21.5% live below the poverty line as of 2019. In South Korea, however, that number is 14.4% as of 2016.

pay a 52.0% higher top tax rate

Panama has a top tax rate of 25.0% as of 2016. In South Korea, the top tax rate is 38.0% as of 2016.

Life

be 84.0% less likely to die during childbirth

In Panama, approximately 50.0 women per 100,000 births die during labor as of 2020. In South Korea, 8.0 women do as of 2020.

be 82.5% 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 South Korea, on the other hand, 2.9 children do as of 2022.

have 60.2% fewer children

In Panama, there are approximately 17.4 babies per 1,000 people as of 2024. In South Korea, there are 6.9 babies per 1,000 people as of 2022.

Basic Needs

be 44.1% more likely to have internet access

In Panama, approximately 68.0% of the population has internet access as of 2021. In South Korea, about 98.0% do as of 2021.

Expenditures

spend 13.4% less on healthcare

Panama spends 9.7% of its total GDP on healthcare as of 2020. In South Korea, that number is 8.4% of GDP as of 2020.

spend 20.5% more on education

Panama spends 3.9% of its total GDP on education as of 2020. South Korea spends 4.7% of total GDP on education as of 2019.

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

South Korea: At a glance

South Korea (sometimes abbreviated ROK) is a sovereign country in East/Southeast Asia, with a total land area of approximately 96,920 sq km. An independent kingdom for much of its long history, Korea was occupied by Japan beginning in 1905 following the Russo-Japanese War. In 1910, Tokyo formally annexed the entire Peninsula. Korea regained its independence following Japan's surrender to the United States in 1945. After World War II, a democratic-based government (Republic of Korea, ROK) was set up in the southern half of the Korean Peninsula while a communist-style government was installed in the north (Democratic People's Republic of Korea, DPRK). During the Korean War (1950-53), US troops and UN forces fought alongside ROK soldiers to defend South Korea from a DPRK invasion supported by China and the Soviet Union. A 1953 armistice split the peninsula along a demilitarized zone at about the 38th parallel. PARK Chung-hee took over leadership of the country in a 1961 coup. During his regime, from 1961 to 1979, South Korea achieved rapid economic growth, with per capita income rising to roughly 17 times the level of North Korea. South Korea held its first free presidential election under a revised democratic constitution in 1987, with former ROK Army general ROH Tae-woo winning a close race. In 1993, KIM Young-sam (1993-98) became the first civilian president of South Korea's new democratic era. President KIM Dae-jung (1998-2003) won the Nobel Peace Prize in 2000 for his contributions to South Korean democracy and his "Sunshine" policy of engagement with North Korea. President PARK Geun-hye, daughter of former ROK President PARK Chung-hee, took office in February 2013 and is South Korea's first female leader. South Korea holds a non-permanent seat (2013-14) on the UN Security Council and will host the 2018 Winter Olympic Games. Serious tensions with North Korea have punctuated inter-Korean relations in recent years, including the North's attacks on a South Korean ship and island in 2010, nuclear and missile tests, and its temporary closure of the inter-Korean Kaesong Industrial Complex in 2013.
Read more

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

Share this

ASK THE ELSEWHERE COMMUNITY

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