Country size comparison

compared to

Panama is about 1.4 times smaller than Iceland.

Iceland is approximately 103,000 sq km, while Panama is approximately 75,420 sq km, making Panama 73.22% the size of Iceland. Meanwhile, the population of Iceland is ~357,603 people (4.0 million more people live in Panama).
Tip: This to-scale comparison of Iceland vs. Panama uses the Mercator projection, which distorts the size of regions near the poles.
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Compare further: Panama vs. Iceland
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Make 85.8% more money in Iceland
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Cost of Living Comparison · 7 categories - 2026 data
Iceland is 2.3 times more expensive than Panama overall
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