Luxembourg is about 29 times smaller than Panama.

Panama is approximately 75,420 sq km, while Luxembourg is approximately 2,586 sq km, making Luxembourg 3.43% the size of Panama. Meanwhile, the population of Panama is ~4.3 million people (3.7 million fewer people live in Luxembourg).
This to-scale comparison of Panama vs. Luxembourg uses the Mercator projection, which distorts the size of regions near the poles. Learn more.

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