Uruguay is about 2.3 times bigger than Panama.

Panama is approximately 75,420 sq km, while Uruguay is approximately 176,215 sq km, making Uruguay 134% larger than Panama. Meanwhile, the population of Panama is ~4.3 million people (930,555 fewer people live in Uruguay).
This to-scale comparison of Panama vs. Uruguay uses the Mercator projection, which distorts the size of regions near the poles. Learn more.

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