Liechtenstein is about 471 times smaller than Panama.

Panama is approximately 75,420 sq km, while Liechtenstein is approximately 160 sq km, making Liechtenstein 0.21% the size of Panama. Meanwhile, the population of Panama is ~4.3 million people (4.3 million fewer people live in Liechtenstein).
This to-scale comparison of Panama vs. Liechtenstein uses the Mercator projection, which distorts the size of regions near the poles. Learn more.

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