Quality of life comparison

compared to

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

Health

live 4.3 years less

In Panama, the average life expectancy is 78 years (75 years for men, 81 years for women) as of 2022. In Venezuela, that number is 73 years (70 years for men, 77 years for women) as of 2022.

be 12.8% more likely to be obese

In Panama, 22.7% of adults are obese as of 2016. In Venezuela, that number is 25.6% of people as of 2016.

Economy

be 17.5% less likely to be unemployed

In Panama, 6.7% of adults are unemployed as of 2023. In Venezuela, that number is 5.5% as of 2023.

make 78.5% less money

Panama has a GDP per capita of $35,800 as of 2023, while in Venezuela, the GDP per capita is $7,704 as of 2018.

be 54.0% more likely to live below the poverty line

In Panama, 21.5% live below the poverty line as of 2019. In Venezuela, however, that number is 33.1% as of 2015.

pay a 36.0% higher top tax rate

Panama has a top tax rate of 25.0% as of 2016. In Venezuela, the top tax rate is 34.0% as of 2016.

Life

be 5.2 times more likely to die during childbirth

In Panama, approximately 50.0 women per 100,000 births die during labor as of 2020. In Venezuela, 259.0 women do as of 2020.

Basic Needs

be 15.7% more likely to have internet access

In Panama, approximately 68.0% of the population has internet access as of 2021. In Venezuela, about 78.7% do as of 2022.

Expenditures

spend 66.7% less on education

Panama spends 3.9% of its total GDP on education as of 2020. Venezuela spends 1.3% of total GDP on education as of 2017.

spend 60.8% less on healthcare

Panama spends 9.7% of its total GDP on healthcare as of 2020. In Venezuela, that number is 3.8% of GDP as of 2020.

Geography

see 12.4% more coastline

Panama has a total of 2,490 km of coastline. In Venezuela, that number is 2,800 km.

The statistics above were calculated using the following data sources: The World Factbook, General Directorate of Revenues, Panama, Ministerio del Poder Popular de Finanzas, SENIAT.

Venezuela: At a glance

Venezuela is a sovereign country in South America, with a total land area of approximately 882,050 sq km. Venezuela was one of three countries that emerged from the collapse of Gran Colombia in 1830 (the others being Ecuador and New Granada, which became Colombia). For most of the first half of the 20th century, Venezuela was ruled by generally benevolent military strongmen, who promoted the oil industry and allowed for some social reforms. Democratically elected governments have held sway since 1959. Hugo CHAVEZ, president from 1999 to 2013, sought to implement his "21st Century Socialism," which purported to alleviate social ills while at the same time attacking capitalist globalization and existing democratic institutions. His hand-picked successor, President Nicolas MADURO, continues CHAVEZ's socialist programs. Current concerns include: a weakening of democratic institutions, political polarization, a politicized military, rampant violent crime, overdependence on the petroleum industry with its price fluctuations, foreign exchange controls that discourage private-sector investment, high inflation, a decline in the quality of fundamental houman rights, and widespread scarcity of consumer goods.
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How big is Venezuela compared to Panama? See an in-depth size comparison.

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