Virginia is about 1.4 times bigger than Panama.

Panama is approximately 75,420 sq km, while Virginia is approximately 102,548 sq km, making Virginia 36% larger than Panama. Meanwhile, the population of Panama is ~4.3 million people (3.7 million more people live in Virginia).
This to-scale comparison of Panama vs. Virginia uses the Mercator projection, which distorts the size of regions near the poles. Learn more.

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