Country size comparison

compared to

Latvia is about 1.2 times smaller than Panama.

Panama is approximately 75,420 sq km, while Latvia is approximately 64,589 sq km, making Latvia 85.64% the size of Panama. Meanwhile, the population of Panama is ~4.6 million people (2.7 million fewer people live in Latvia).
Tip: This to-scale comparison of Panama vs. Latvia uses the Mercator projection, which distorts the size of regions near the poles.
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