Quality of life comparison
If you lived in Panama instead of Iceland, you would:
live 4.1 years less
In Iceland, the average life expectancy is 83 years (81 years for men, 86 years for women) as of 2020. In Panama, that number is 79 years (76 years for men, 82 years for women) as of 2020.
pay a 46.0% lower top tax rate
Iceland has a top tax rate of 46.3% as of 2016. In Panama, the top tax rate is 25.0% as of 2016.
make 51.3% less money
Iceland has a GDP per capita of $52,200 as of 2017, while in Panama, the GDP per capita is $25,400 as of 2017.
be 2.1 times more likely to be unemployed
In Iceland, 2.8% of adults are unemployed as of 2017. In Panama, that number is 6.0% as of 2017.
have 28.6% more children
In Iceland, there are approximately 13.3 babies per 1,000 people as of 2020. In Panama, there are 17.1 babies per 1,000 people as of 2020.
be 13.0 times more likely to die during childbirth
In Iceland, approximately 4.0 women per 100,000 births die during labor as of 2017. In Panama, 52.0 women do as of 2017.
be 4.3 times more likely to die during infancy
In Iceland, approximately 2.1 children die before they reach the age of one as of 2020. In Panama, on the other hand, 9.1 children do as of 2020.
be 41.6% less likely to have internet access
In Iceland, approximately 99.0% of the population has internet access as of 2018. In Panama, about 57.9% do as of 2018.
spend 57.3% less on education
Iceland spends 7.5% of its total GDP on education as of 2016. Panama spends 3.2% of total GDP on education as of 2011.
see 49.9% less coastline
Iceland has a total of 4,970 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, Directorate of Internal Revenue.
Panama: At a glance
How big is Panama compared to Iceland? See an in-depth size comparison.