Nicaragua is about 1.7 times bigger than Panama.

Panama is approximately 75,420 sq km, while Nicaragua is approximately 130,370 sq km, making Nicaragua 73% larger than Panama. Meanwhile, the population of Panama is ~4.3 million people (2.0 million more people live in Nicaragua).
This to-scale comparison of Panama vs. Nicaragua uses the Mercator projection, which distorts the size of regions near the poles. Learn more.

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