Quality of life comparison
If you lived in Finland instead of Panama, you would:
Health
live 4.1 years longer
In Panama, the average life expectancy is 78 years (75 years for men, 81 years for women) as of 2022. In Finland, that number is 82 years (79 years for men, 85 years for women) as of 2022.
Economy
make 86.2% more money
Panama has a GDP per capita of $25,400 as of 2020, while in Finland, the GDP per capita is $47,300 as of 2020.
be 44.8% less likely to live below the poverty line
In Panama, 22.1% live below the poverty line as of 2016. In Finland, however, that number is 12.2% as of 2019.
pay a 2.1 times higher top tax rate
Panama has a top tax rate of 25.0% as of 2016. In Finland, the top tax rate is 51.6% as of 2016.
Life
be 94.2% less likely to die during childbirth
In Panama, approximately 52.0 women per 100,000 births die during labor as of 2017. In Finland, 3.0 women do as of 2017.
be 87.0% less likely to die during infancy
In Panama, approximately 16.4 children (per 1,000 live births) die before they reach the age of one as of 2022. In Finland, on the other hand, 2.1 children do as of 2022.
have 42.1% fewer children
In Panama, there are approximately 18.0 babies per 1,000 people as of 2022. In Finland, there are 10.4 babies per 1,000 people as of 2022.
Basic Needs
be 43.8% more likely to have internet access
In Panama, approximately 64.0% of the population has internet access as of 2020. In Finland, about 92.0% do as of 2020.
Expenditures
spend 2.0 times more on education
Panama spends 3.1% of its total GDP on education as of 2019. Finland spends 6.3% of total GDP on education as of 2018.
spend 21.1% more on healthcare
Panama spends 7.6% of its total GDP on healthcare as of 2019. In Finland, that number is 9.2% of GDP as of 2019.
Geography
see 49.8% less coastline
Panama has a total of 2,490 km of coastline. In Finland, that number is 1,250 km.
The statistics above were calculated using the following data sources: Finnish Tax Administration, The World Factbook, General Directorate of Revenues, Panama.
Finland: At a glance
How big is Finland compared to Panama? See an in-depth size comparison.