Panama is about 1.2 times bigger than Svalbard.

Svalbard is approximately 62,045 sq km, while Panama is approximately 75,420 sq km, making Panama 22% larger than Svalbard. Meanwhile, the population of Svalbard is ~2,926 people (4.3 million more people live in Panama).
This to-scale comparison of Svalbard vs. Panama uses the Mercator projection, which distorts the size of regions near the poles. Learn more.

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