Quality of life comparison
If you lived in Mongolia instead of Panama, you would:
Health
live 6.2 years less
In Panama, the average life expectancy is 78 years (75 years for men, 81 years for women) as of 2022. In Mongolia, that number is 71 years (67 years for men, 76 years for women) as of 2022.
Economy
pay a 60.0% lower top tax rate
Panama has a top tax rate of 25.0% as of 2016. In Mongolia, the top tax rate is 10.0% as of 2016.
make 54.7% less money
Panama has a GDP per capita of $25,400 as of 2020, while in Mongolia, the GDP per capita is $11,500 as of 2020.
be 30.3% more likely to be unemployed
In Panama, 6.1% of adults are unemployed as of 2018. In Mongolia, that number is 8.0% as of 2017.
be 28.5% more likely to live below the poverty line
In Panama, 22.1% live below the poverty line as of 2016. In Mongolia, however, that number is 28.4% as of 2018.
Life
be 22.7% more 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 Mongolia, on the other hand, 20.2 children do as of 2022.
have 12.0% fewer children
In Panama, there are approximately 18.0 babies per 1,000 people as of 2022. In Mongolia, there are 15.8 babies per 1,000 people as of 2022.
Expenditures
spend 50.0% less on healthcare
Panama spends 7.6% of its total GDP on healthcare as of 2019. In Mongolia, that number is 3.8% of GDP as of 2019.
spend 58.1% more on education
Panama spends 3.1% of its total GDP on education as of 2019. Mongolia spends 4.9% of total GDP on education as of 2019.
The statistics above were calculated using the following data sources: The World Factbook, General Directorate of Revenues, Panama, General Department of National Taxation.
Mongolia: At a glance
How big is Mongolia compared to Panama? See an in-depth size comparison.