Quality of Life Comparison

COMPARED TO

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

Health

live 2.2 years longer


In Panama, the average life expectancy is 79 years (76 years for men, 82 years for women). In Finland, that number is 81 years (78 years for men, 84 years for women).

Economy

make 74.4% more money


Panama has a GDP per capita of $25,400, while in Finland, the GDP per capita is $44,300.

be 56.4% more likely to be unemployed


In Panama, 5.5% of adults are unemployed. In Finland, that number is 8.6%.

spend 2.1 times more on taxes


Panama has a top tax rate of 25.0%. In Finland, the top tax rate is 51.6%.

Life

be 96.8% less likely to die during childbirth


In Panama, approximately 94.0 women per 1,000 births die during labor. In Finland, 3.0 women do.

be 74.7% less likely to die during infancy


In Panama, approximately 9.9 children die before they reach the age of one. In Finland, on the other hand, 2.5 children do.

have 40.2% less children


In Panama, there are approximately 17.9 babies per 1,000 people. In Finland, there are 10.7 babies per 1,000 people.

Basic Needs

be 62.4% more likely to have internet access


In Panama, approximately 54.0% of the population has internet access. In Finland, about 87.7% do.

Expenditures

spend 2.2 times more on education


Panama spends 3.2% of its total GDP on education. Finland spends 7.2% of total GDP on education.

spend 21.2% more on healthcare


Panama spends 8.0% of its total GDP on healthcare. In Finland, that number is 9.7% of GDP.

Geography

see 49.8% less coastline


Panama has a total of 2,490 km of coastline. In Finland, that number is 1,250 km.

Finland: At a glance

Finland is a sovereign country in Europe, with a total land area of approximately 303,815 sq km. Finland was a province and then a grand duchy under Sweden from the 12th to the 19th centuries, and an autonomous grand duchy of Russia after 1809. It gained complete independence in 1917. During World War II, it successfully defended its independence through cooperation with Germany and resisted subsequent invasions by the Soviet Union - albeit with some loss of territory. In the subsequent half century, Finland transformed from a farm/forest economy to a diversified modern industrial economy; per capita income is among the highest in Western Europe. A member of the European Union since 1995, Finland was the only Nordic state to join the euro single currency at its initiation in January 1999. In the 21st century, the key features of Finland's modern welfare state are high quality education, promotion of equality, and a national social welfare system - currently challenged by an aging population and the fluctuations of an export-driven economy.

How big is Finland compared to Panama? See an in-depth size comparison.


The statistics on this page were calculated using the following data sources: Finnish Tax Administration, The World Factbook, General Directorate of Revenues, Panama.

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