Djibouti is about 3.2 times smaller than Panama.

Panama is approximately 75,420 sq km, while Djibouti is approximately 23,200 sq km, making Djibouti 30.76% the size of Panama. Meanwhile, the population of Panama is ~4.3 million people (3.4 million fewer people live in Djibouti).
This to-scale comparison of Panama vs. Djibouti uses the Mercator projection, which distorts the size of regions near the poles. Learn more.

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