Macedonia is about 2.9 times smaller than Panama.

Panama is approximately 75,420 sq km, while Macedonia is approximately 25,713 sq km, making Macedonia 34.09% the size of Panama. Meanwhile, the population of Panama is ~4.3 million people (2.2 million fewer people live in Macedonia).
This to-scale comparison of Panama vs. Macedonia uses the Mercator projection, which distorts the size of regions near the poles. Learn more.

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