Panama is about 26 times smaller than Mexico.

Mexico is approximately 1,964,375 sq km, while Panama is approximately 75,420 sq km, making Panama 3.84% the size of Mexico. Meanwhile, the population of Mexico is ~129.2 million people (124.8 million fewer people live in Panama).
This to-scale comparison of Mexico vs. Panama uses the Mercator projection, which distorts the size of regions near the poles. Learn more.

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