Quality of life comparison

compared to

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

Health

live 6.7 years less

In Monaco, the average life expectancy is 86 years (85 years for men, 89 years for women) as of 2024. In Panama, that number is 80 years (77 years for men, 83 years for women) as of 2024.

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see 66.1% less spent on your healthcare

Monaco spends $9,797 per person on healthcare as of 2023 (international dollars, adjusted for prices). Panama spends $3,318 as of 2023.

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have 81.1% fewer doctors per person

Monaco has 86.1 doctors per 10,000 people as of 2020. Panama has 16.2 as of 2022.

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Economy

make 93.1% less money

Monaco has a GDP per capita of $288,002 as of 2024, while in Panama, the GDP per capita is $19,790 as of 2025.

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Life

have 66.0% more children

In Monaco, there are approximately 9.6 babies per 1,000 people as of 2024. In Panama, there are 15.9 babies per 1,000 people as of 2024.

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be 7.4 times more likely to die during childbirth

In Monaco, approximately 5.0 women die from pregnancy or childbirth per 100,000 live births as of 2023. In Panama, 37.0 women do as of 2023.

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be 5.5 times more likely to die during infancy

In Monaco, approximately 2.2 children (per 1,000 live births) die before they reach the age of one as of 2024. In Panama, on the other hand, 12.0 children do as of 2024.

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Basic Needs

be 26.5% less likely to have internet access

In Monaco, approximately 99.0% of the population has internet access as of 2024. In Panama, about 72.8% do as of 2024.

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Expenditures

spend 42.8% more on education

Monaco spends 1.7% of its total GDP on education as of 2023. Panama spends 2.5% of total GDP on education as of 2023.

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spend 2.7 times more on healthcare

Monaco spends 3.1% of its total GDP on healthcare as of 2023. In Panama, that number is 8.3% of GDP as of 2023.

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Geography

see 607.3 times more coastline

Monaco has a total of 4 km of coastline. In Panama, that number is 2,490 km.

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Infrastructure

find 67.4% less home broadband

Monaco has 55.7 fixed broadband subscriptions per 100 people as of 2024. Panama has 18.1 as of 2023.

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Sources: World Bank (2020–2025), The World Factbook. How we calculate this

Compare further: Monaco vs. Panama

Cost of Living Comparison · 7 categories - 2026 data
Panama is 71.1% cheaper than Monaco overall
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Size Comparison · See true size
Monaco is about 37,710 times smaller than Panama.
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Moving from Monaco to Panama · Cost, visas & climate
Compare cost of living, salary and climate.
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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 Monaco? See an in-depth size comparison.

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