Estonia is about 1.7 times smaller than Panama.

Panama is approximately 75,420 sq km, while Estonia is approximately 45,228 sq km, making Estonia 59.97% the size of Panama. Meanwhile, the population of Panama is ~4.3 million people (3.1 million fewer people live in Estonia).
This to-scale comparison of Panama vs. Estonia uses the Mercator projection, which distorts the size of regions near the poles. Learn more.

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