Svalbard is about 1.2 times smaller than Panama.

Panama is approximately 75,420 sq km, while Svalbard is approximately 62,045 sq km, making Svalbard 82.27% the size of Panama. Meanwhile, the population of Panama is ~4.3 million people (4.3 million fewer people live in Svalbard).
This to-scale comparison of Panama vs. Svalbard uses the Mercator projection, which distorts the size of regions near the poles. Learn more.

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