Panama is about 1.2 times smaller than Hungary.

Hungary is approximately 93,028 sq km, while Panama is approximately 75,420 sq km, making Panama 81.07% the size of Hungary. Meanwhile, the population of Hungary is ~9.7 million people (5.4 million fewer people live in Panama).
This to-scale comparison of Hungary vs. Panama uses the Mercator projection, which distorts the size of regions near the poles. Learn more.

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