Panama is about 1.4 times smaller than Guatemala.

Guatemala is approximately 108,889 sq km, while Panama is approximately 75,420 sq km, making Panama 69.26% the size of Guatemala. Meanwhile, the population of Guatemala is ~17.7 million people (13.4 million fewer people live in Panama).
This to-scale comparison of Guatemala vs. Panama uses the Mercator projection, which distorts the size of regions near the poles. Learn more.

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