Quality of Life Comparison

COMPARED TO

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

Health

live 2.8 years less


In Panama, the average life expectancy is 79 years (76 years for men, 82 years for women). In Venezuela, that number is 76 years (73 years for men, 79 years for women).

be 12.8% more likely to be obese


In Panama, 22.7% of adults are obese. In Venezuela, that number is 25.6% of people.

Economy

be 14.3% less likely to be live below the poverty line


In Panama, 23.0% live below the poverty line. In Venezuela, however, that number is 19.7%.

make 52.4% less money


Panama has a GDP per capita of $25,400, while in Venezuela, the GDP per capita is $12,100.

be 4.8 times more likely to be unemployed


In Panama, 5.5% of adults are unemployed. In Venezuela, that number is 26.4%.

spend 36.0% more on taxes


Panama has a top tax rate of 25.0%. In Venezuela, the top tax rate is 34.0%.

Life

be 23.2% more likely to die during infancy


In Panama, approximately 9.9 children die before they reach the age of one. In Venezuela, on the other hand, 12.2 children do.

Basic Needs

be 11.1% more likely to have internet access


In Panama, approximately 54.0% of the population has internet access. In Venezuela, about 60.0% do.

Expenditures

spend 33.8% less on healthcare


Panama spends 8.0% of its total GDP on healthcare. In Venezuela, that number is 5.3% of GDP.

spend 2.2 times more on education


Panama spends 3.2% of its total GDP on education. Venezuela spends 6.9% of total GDP on education.

Geography

see 12.4% more coastline


Panama has a total of 2,490 km of coastline. In Venezuela, that number is 2,800 km.

Venezuela: At a glance

Venezuela is a sovereign country in South America, with a total land area of approximately 882,050 sq km. Venezuela was one of three countries that emerged from the collapse of Gran Colombia in 1830 (the others being Ecuador and New Granada, which became Colombia). For most of the first half of the 20th century, Venezuela was ruled by generally benevolent military strongmen, who promoted the oil industry and allowed for some social reforms. Democratically elected governments have held sway since 1959. Hugo CHAVEZ, president from 1999 to 2013, sought to implement his "21st Century Socialism," which purported to alleviate social ills while at the same time attacking capitalist globalization and existing democratic institutions. His hand-picked successor, President Nicolas MADURO, continues CHAVEZ's socialist programs. Current concerns include: a weakening of democratic institutions, political polarization, a politicized military, rampant violent crime, overdependence on the petroleum industry with its price fluctuations, foreign exchange controls that discourage private-sector investment, high inflation, a decline in the quality of fundamental houman rights, and widespread scarcity of consumer goods.

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


The statistics on this page were calculated using the following data sources: The World Factbook, General Directorate of Revenues, Panama, Ministerio del Poder Popular de Finanzas, SENIAT.

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