Quality of life comparison
If you lived in Panama instead of Venezuela, you would:
Health
live 4.3 years longer
In Venezuela, the average life expectancy is 73 years (70 years for men, 77 years for women) as of 2022. In Panama, that number is 78 years (75 years for men, 81 years for women) as of 2022.
be 11.3% less likely to be obese
In Venezuela, 25.6% of adults are obese as of 2016. In Panama, that number is 22.7% of people as of 2016.
Economy
make 4.3 times more money
Venezuela has a GDP per capita of $7,704 as of 2018, while in Panama, the GDP per capita is $33,300 as of 2022.
pay a 26.5% lower top tax rate
Venezuela has a top tax rate of 34.0% as of 2016. In Panama, the top tax rate is 25.0% as of 2016.
be 45.9% more likely to be unemployed
In Venezuela, 5.6% of adults are unemployed as of 2022. In Panama, that number is 8.2% as of 2022.
Life
be 80.7% less likely to die during childbirth
In Venezuela, approximately 259.0 women per 100,000 births die during labor as of 2020. In Panama, 50.0 women do as of 2020.
Basic Needs
be 13.6% less likely to have internet access
In Venezuela, approximately 78.7% of the population has internet access as of 2022. In Panama, about 68.0% do as of 2021.
Expenditures
spend 3.0 times more on education
Venezuela spends 1.3% of its total GDP on education as of 2017. Panama spends 3.9% of total GDP on education as of 2020.
spend 2.6 times more on healthcare
Venezuela spends 3.8% of its total GDP on healthcare as of 2020. In Panama, that number is 9.7% of GDP as of 2020.
Geography
see 11.1% less coastline
Venezuela has a total of 2,800 km of coastline. In Panama, that number is 2,490 km.
The statistics above were calculated using the following data sources: The World Factbook, General Directorate of Revenues, Panama, Ministerio del Poder Popular de Finanzas, SENIAT.
Panama: At a glance
How big is Panama compared to Venezuela? See an in-depth size comparison.