Quality of life comparison
If you lived in Panama instead of Iceland, you would:
live 6.0 years less
In Iceland, the average life expectancy is 84 years (81 years for men, 86 years for women) as of 2022. In Panama, that number is 78 years (75 years for men, 81 years for women) as of 2022.
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 51.4% less money
Iceland has a GDP per capita of $52,300 as of 2020, while in Panama, the GDP per capita is $25,400 as of 2020.
be 69.6% more likely to be unemployed
In Iceland, 3.6% of adults are unemployed as of 2019. In Panama, that number is 6.1% as of 2018.
be 2.5 times more likely to live below the poverty line
In Iceland, 8.8% live below the poverty line as of 2017. In Panama, however, that number is 22.1% as of 2016.
have 38.8% more children
In Iceland, there are approximately 13.0 babies per 1,000 people as of 2022. In Panama, there are 18.0 babies per 1,000 people as of 2022.
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 10.0 times more likely to die during infancy
In Iceland, approximately 1.6 children (per 1,000 live births) die before they reach the age of one as of 2022. In Panama, on the other hand, 16.4 children do as of 2022.
be 35.4% less likely to have internet access
In Iceland, approximately 99.0% of the population has internet access as of 2020. In Panama, about 64.0% do as of 2020.
spend 59.2% less on education
Iceland spends 7.6% of its total GDP on education as of 2018. Panama spends 3.1% of total GDP on education as of 2019.
spend 11.6% less on healthcare
Iceland spends 8.6% of its total GDP on healthcare as of 2019. In Panama, that number is 7.6% of GDP as of 2019.
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.