Quality of life comparison

compared to

If you lived in Finland instead of Panama, you would:

Health

live 4.1 years longer

In Panama, the average life expectancy is 78 years (75 years for men, 81 years for women) as of 2022. In Finland, that number is 82 years (79 years for men, 85 years for women) as of 2022.

Economy

make 48.3% more money

Panama has a GDP per capita of $33,300 as of 2022, while in Finland, the GDP per capita is $49,400 as of 2022.

be 18.0% less likely to be unemployed

In Panama, 8.2% of adults are unemployed as of 2022. In Finland, that number is 6.7% as of 2022.

be 40.9% less likely to live below the poverty line

In Panama, 21.5% live below the poverty line as of 2019. In Finland, however, that number is 12.7% as of 2021.

pay a 2.1 times higher top tax rate

Panama has a top tax rate of 25.0% as of 2016. In Finland, the top tax rate is 51.6% as of 2016.

Life

be 84.0% less likely to die during childbirth

In Panama, approximately 50.0 women per 100,000 births die during labor as of 2020. In Finland, 8.0 women do as of 2020.

be 87.0% less likely to die during infancy

In Panama, approximately 16.4 children (per 1,000 live births) die before they reach the age of one as of 2022. In Finland, on the other hand, 2.1 children do as of 2022.

have 41.4% fewer children

In Panama, there are approximately 17.4 babies per 1,000 people as of 2024. In Finland, there are 10.2 babies per 1,000 people as of 2024.

Basic Needs

be 36.8% more likely to have internet access

In Panama, approximately 68.0% of the population has internet access as of 2021. In Finland, about 93.0% do as of 2021.

Expenditures

spend 51.3% more on education

Panama spends 3.9% of its total GDP on education as of 2020. Finland spends 5.9% of total GDP on education as of 2020.

Geography

see 49.8% less coastline

Panama has a total of 2,490 km of coastline. In Finland, that number is 1,250 km.

The statistics above were calculated using the following data sources: Finnish Tax Administration, The World Factbook, General Directorate of Revenues, Panama.

Finland: At a glance

Finland is a sovereign country in Europe, with a total land area of approximately 303,815 sq km. Finland was a province and then a grand duchy under Sweden from the 12th to the 19th centuries, and an autonomous grand duchy of Russia after 1809. It gained complete independence in 1917. During World War II, it successfully defended its independence through cooperation with Germany and resisted subsequent invasions by the Soviet Union - albeit with some loss of territory. In the subsequent half century, Finland transformed from a farm/forest economy to a diversified modern industrial economy; per capita income is among the highest in Western Europe. A member of the European Union since 1995, Finland was the only Nordic state to join the euro single currency at its initiation in January 1999. In the 21st century, the key features of Finland's modern welfare state are high quality education, promotion of equality, and a national social welfare system - currently challenged by an aging population and the fluctuations of an export-driven economy.
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How big is Finland compared to Panama? See an in-depth size comparison.

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