Quality of life comparison
If you lived in Iceland instead of Panama, you would:
live 4.1 years longer
In Panama, the average life expectancy is 79 years (76 years for men, 82 years for women) as of 2020. In Iceland, that number is 83 years (81 years for men, 86 years for women) as of 2020.
make 2.1 times more money
Panama has a GDP per capita of $25,400 as of 2017, while in Iceland, the GDP per capita is $52,200 as of 2017.
be 53.3% less likely to be unemployed
In Panama, 6.0% of adults are unemployed as of 2017. In Iceland, that number is 2.8% 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 76.9% less likely to die during infancy
In Panama, approximately 9.1 children die before they reach the age of one as of 2020. In Iceland, on the other hand, 2.1 children do as of 2020.
have 22.2% fewer children
In Panama, there are approximately 17.1 babies per 1,000 people as of 2020. In Iceland, there are 13.3 babies per 1,000 people as of 2020.
be 71.1% more likely to have internet access
In Panama, approximately 57.9% of the population has internet access as of 2018. In Iceland, about 99.0% do as of 2018.
spend 2.3 times more on education
Panama spends 3.2% of its total GDP on education as of 2011. Iceland spends 7.5% of total GDP on education as of 2016.
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.