Country size comparison
compared to
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).
Compare further: Panama vs. Svalbard