Quality of life comparison
If you lived in Iceland instead of Panama, you would:
live 6.0 years longer
In Panama, the average life expectancy is 78 years (75 years for men, 81 years for women) as of 2022. In Iceland, that number is 84 years (81 years for men, 86 years for women) as of 2022.
make 2.1 times more money
Panama has a GDP per capita of $25,400 as of 2020, while in Iceland, the GDP per capita is $52,300 as of 2020.
be 41.0% less likely to be unemployed
In Panama, 6.1% of adults are unemployed as of 2018. In Iceland, that number is 3.6% as of 2019.
be 60.2% less likely to live below the poverty line
In Panama, 22.1% live below the poverty line as of 2016. In Iceland, however, that number is 8.8% as of 2017.
pay a 85.2% higher top tax rate
Panama has a top tax rate of 25.0% as of 2016. In Iceland, the top tax rate is 46.3% as of 2016.
be 92.3% less likely to die during childbirth
In Panama, approximately 52.0 women per 100,000 births die during labor as of 2017. In Iceland, 4.0 women do as of 2017.
be 90.0% 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 Iceland, on the other hand, 1.6 children do as of 2022.
have 28.0% fewer children
In Panama, there are approximately 18.0 babies per 1,000 people as of 2022. In Iceland, there are 13.0 babies per 1,000 people as of 2022.
be 54.7% more likely to have internet access
In Panama, approximately 64.0% of the population has internet access as of 2020. In Iceland, about 99.0% do as of 2020.
spend 2.5 times more on education
Panama spends 3.1% of its total GDP on education as of 2019. Iceland spends 7.6% of total GDP on education as of 2018.
spend 13.2% more on healthcare
Panama spends 7.6% of its total GDP on healthcare as of 2019. In Iceland, that number is 8.6% of GDP as of 2019.
see 99.6% more coastline
Panama has a total of 2,490 km of coastline. In Iceland, that number is 4,970 km.
The statistics above were calculated using the following data sources: The World Factbook, General Directorate of Revenues, Panama, Directorate of Internal Revenue.
Iceland: At a glance
How big is Iceland compared to Panama? See an in-depth size comparison.