Quality of life comparison

compared to

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

Health

be 14.1% more likely to be obese

In Ecuador, 19.9% of adults are obese as of 2016. In Panama, that number is 22.7% of people as of 2016.

Economy

make 2.5 times more money

Ecuador has a GDP per capita of $10,300 as of 2020, while in Panama, the GDP per capita is $25,400 as of 2020.

be 11.6% less likely to live below the poverty line

In Ecuador, 25.0% live below the poverty line as of 2019. In Panama, however, that number is 22.1% as of 2016.

pay a 28.6% lower top tax rate

Ecuador has a top tax rate of 35.0% as of 2016. In Panama, the top tax rate is 25.0% as of 2016.

Expenditures

spend 24.4% less on education

Ecuador spends 4.1% of its total GDP on education as of 2020. Panama spends 3.1% of total GDP on education as of 2019.

Geography

see 11.3% more coastline

Ecuador has a total of 2,237 km of coastline. In Panama, that number is 2,490 km.

The statistics above were calculated using the following data sources: The World Factbook, General Directorate of Revenues, Panama, Servicio de Rentas Internas del Ecuador.

Panama: At a glance

Panama is a sovereign country in Central America/Caribbean, with a total land area of approximately 74,340 sq km. Explored and settled by the Spanish in the 16th century, Panama broke with Spain in 1821 and joined a union of Colombia, Ecuador, and Venezuela - named the Republic of Gran Colombia. When the latter dissolved in 1830, Panama remained part of Colombia. With US backing, Panama seceded from Colombia in 1903 and promptly signed a treaty with the US allowing for the construction of a canal and US sovereignty over a strip of land on either side of the structure (the Panama Canal Zone). The Panama Canal was built by the US Army Corps of Engineers between 1904 and 1914. In 1977, an agreement was signed for the complete transfer of the Canal from the US to Panama by the end of the century. Certain portions of the Zone and increasing responsibility over the Canal were turned over in the subsequent decades. With US help, dictator Manuel NORIEGA was deposed in 1989. The entire Panama Canal, the area supporting the Canal, and remaining US military bases were transferred to Panama by the end of 1999. In October 2006, Panamanians approved an ambitious plan (estimated to cost $5.3 billion) to expand the Canal. The project, which began in 2007 and could double the Canal's capacity, is expected to be completed in 2015.
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How big is Panama compared to Ecuador? See an in-depth size comparison.

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