Panama is about 1.7 times smaller than Nicaragua.

Nicaragua is approximately 130,370 sq km, while Panama is approximately 75,420 sq km, making Panama 57.85% the size of Nicaragua. Meanwhile, the population of Nicaragua is ~6.3 million people (2.0 million fewer people live in Panama).
This to-scale comparison of Nicaragua vs. Panama uses the Mercator projection, which distorts the size of regions near the poles. Learn more.

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