Panama is about 3.9 times smaller than Arizona.

Arizona is approximately 294,312 sq km, while Panama is approximately 75,420 sq km, making Panama 25.63% the size of Arizona. Meanwhile, the population of Arizona is ~6.4 million people (2.1 million fewer people live in Panama).
This to-scale comparison of Arizona vs. Panama uses the Mercator projection, which distorts the size of regions near the poles. Learn more.

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