Grenada vs Panama Comparison

Country Comparison
Grenada Flag

Grenada

117.3K (2025)

VS
Panama Flag

Panama

4.6M (2025)

Comprehensive comparison across 9 categories and 44 indicators

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Grenada Flag

Grenada

Population: 117.3K (2025) Area: 344 km² GDP: $1.5B (2025)
Capital: Saint George's
Continent: North America
Official Languages: English
Currency: XCD
HDI: 0.791 (80.)
Panama Flag

Panama

Population: 4.6M (2025) Area: 75.4K km² GDP: $91.7B (2025)
Capital: Panama City
Continent: North America
Official Languages: Spanish
Currency: PAB
HDI: 0.839 (59.)

Geography and Demographics

Grenada
Panama
Area
344 km²
75.4K km²
Total population
117.3K (2025)
4.6M (2025)
Population density
334.2 people/km² (2025)
61.7 people/km² (2025)
Average age
34.4 (2025)
30.3 (2025)

Economy and Finance

Grenada
Panama
Total GDP
$1.5B (2025)
$91.7B (2025)
GDP per capita
$12,590 (2025)
$20,080 (2025)
Inflation rate
1.3% (2025)
0.5% (2025)
Growth rate
3.9% (2025)
4.0% (2025)
Minimum wage
$450 (2024)
$483 (2024)
Tourism revenue
$600M (2025)
$6.1B (2025)
Unemployment rate
No data
6.6% (2025)
Public debt
69.6% (2025)
56.6% (2025)
Trade balance
No data
-$270 (2025)

Quality of Life and Health

Grenada
Panama
Human development
0.791 (80.)
0.839 (59.)
Happiness index
No data
6,407 (41.)
Health Exp. per Cap. ($)
$521 (5%)
$1.5K (9%)
Life expectancy
75.5 (2025)
80 (2025)
Safety index
73.1 (86.)
72.8 (87.)

Education and Technology

Grenada
Panama
Education Exp. (% GDP)
5.1% (2025)
3.9% (2025)
Literacy rate
No data
96.4% (2025)
Primary school completion
No data
96.4% (2025)
Internet usage
78.4% (2025)
82.4% (2025)
Internet speed
85.35 Mbps (72.)
171.1 Mbps (35.)

Environment and Sustainability

Grenada
Panama
Renewable energy
5.2% (2025)
67.9% (2025)
Carbon emissions per capita
0 kg per capita (2025)
16 kg per capita (2025)
Forest area
52.1% (2025)
56.4% (2025)
Freshwater resources
0 km³ (2025)
139 km³ (2025)
Air quality
24.54 µg/m³ PM2.5 (2025)
9.52 µg/m³ PM2.5 (2025)

Military Power

Grenada
Panama
Military expenditure
No data
$0 (2025)
Military power rank
No data
284 (144.)

Governance and Politics

Grenada
Panama
Democracy index
No data
6.84 (2024)
Corruption perception
54 (52.)
33 (120.)
Political stability
1 (41.)
0.2 (91.)
Press freedom
No data
56 (73.)

Infrastructure and Services

Grenada
Panama
Clean water access
97.4% (2025)
94.7% (2025)
Electricity access
100.0% (2025)
100.0% (2025)
Electricity price
0.34 $/kWh (2025)
0.2 $/kWh (2025)
Paved Roads
No data
No data
Traffic deaths (per 100K)
5.86 /100K (2025)
13.58 /100K (2025)
Retirement age
60 (2025)
62 (2025)

Tourism and International Relations

Grenada
Panama
Passport power
76.95 (2025)
75.9 (2025)
Tourist arrivals
149K (2022)
1.5M (2022)
Tourism revenue
$600M (2025)
$6.1B (2025)
World heritage sites
0 (2025)
5 (2025)

Comparison Result

Grenada
Grenada Flag
9.5

Superior Fields

Leader
Panama
Panama
Panama Flag
24.5

Superior Fields

* This score reflects overall livability and quality of life, not just economic or military strength

GDP Comparison

Total GDP

$1.5B (2025)
Grenada
vs
$91.7B (2025)
Panama
Difference: %6179

GDP per Capita

$12,590 (2025)
Grenada
vs
$20,080 (2025)
Panama
Difference: %59

Comparison Evaluation

Grenada Flag

Grenada Evaluation

While Grenada ranks lower overall compared to Panama, specific areas demonstrate competitive advantages:

Strong points for Grenada: • Grenada has 5.4x higher population density • Grenada has 64% higher corruption perception index • Grenada has 31% higher education spending
Panama Flag

Panama Evaluation

Major strengths of Panama: • Panama has 62.8x higher GDP • Panama has 219.2x higher land area • Panama has 39.0x higher population • Panama has 2.8x higher healthcare spending per capita

Overall Evaluation

Final Conclusion

Grenada vs. Panama: The Spice Isle vs. The Global Crossroads

A Tale of Caribbean Charm and Global Commerce

To compare Grenada and Panama is to contrast a serene, secluded bay with a bustling global superhighway. Grenada is the idyllic "Spice Isle," a small nation that has perfected a quiet, high-quality Caribbean lifestyle. Panama is the "Crossroads of the World," a nation defined by its world-changing canal, a skyscraper-filled capital that doubles as a major banking hub, and rainforests that connect two continents. One is a destination; the other is a conduit.

The Most Striking Contrasts

  • Economic Engine: Grenada’s economy is based on tourism, agriculture, and education—a classic small-island model. Panama’s economy is a global anomaly, driven by the Panama Canal, a massive logistics and shipping industry, international banking, and corporate services.
  • Pace and Ambition: Grenada embodies a relaxed, "island time" philosophy. Panama, especially Panama City, is a hub of frenetic energy, ambition, and international business, with a skyline that rivals Miami's.
  • Geography and Identity: Grenada is quintessentially Caribbean, an island in the Atlantic. Panama is an isthmus, the narrow land bridge connecting North and South America, with coasts on both the Caribbean and the Pacific. Its identity is fundamentally tied to its role as a connector.
  • Scale: While not a giant like Mexico, Panama is significantly larger and more populous than Grenada. Panama City alone has a population many times that of the entire nation of Grenada.

Tranquil Retreat vs. Dynamic Hub

Grenada is a place you go to get away from it all. It’s a retreat for the senses, where life slows down and nature takes center stage. The loudest sound might be the chirping of tree frogs. Panama is a place you go to connect—to markets, to people, to continents. It is a hub of constant movement, a melting pot of cultures drawn by commerce and opportunity. The loudest sound is often the hum of global trade.

Practical Advice

If You Want to Start a Business:

  • Grenada is for you: For ventures in boutique luxury, eco-tourism, or agricultural niche products. The environment is stable, safe, and welcoming to small, quality-focused enterprises.
  • Panama is for you: If your business is related to logistics, trade, finance, or requires a strategic base for Latin American operations. The country offers significant tax advantages for corporations and a well-established international business infrastructure.

If You Want to Settle Down:

  • Choose Grenada if: You seek peace, a strong community, safety, and an authentic, English-speaking Caribbean lifestyle. It’s a perfect place to decompress permanently.
  • Choose Panama if: You want a "first-world" lifestyle with a lower cost of living and a tropical backdrop. Panama City offers excellent healthcare, shopping, and amenities. It’s popular with retirees who want convenience and connectivity.

Tourism Experience

A Grenadian holiday is about immersion in island life: beach-hopping, waterfall hiking, and spice plantation tours. It’s a singular, focused experience. A Panamanian holiday is a trip of dualities. You can marvel at the engineering feat of the Panama Canal in the morning, hike through a rainforest teeming with biodiversity in the afternoon, and dine in a world-class rooftop restaurant in a bustling metropolis at night. It also offers its own Caribbean and Pacific archipelagos, like San Blas and the Pearl Islands.

Conclusion: Which World Do You Choose?

Choosing Grenada is choosing a small, perfect world. It’s a vote for simplicity, nature, and tranquility over complexity and pace. It’s about finding a high-quality life in a small, beautiful package. Choosing Panama is choosing to live at the center of things. It’s for those who want the convenience of a modern city, the excitement of a global hub, and the adventure of a country with two coasts and a jungle in its backyard.

🏆 The Definitive Verdict

Winner: For a pure, safe, and authentic Caribbean experience, Grenada is superior. For business, convenience, and access to modern infrastructure and global connections, Panama is in a different universe. It’s a choice between a peaceful haven and a strategic headquarters.

💡 Surprising Fact

You can watch the sunrise over the Pacific Ocean and the sunset over the Atlantic (Caribbean Sea) in the same day in Panama, due to the country's unique east-west orientation at its narrowest point. This geographic curiosity perfectly symbolizes its role as a bridge between two worlds, a stark contrast to Grenada’s classic, singular island identity.

Other Country Comparisons

Data Disclaimer: Projected data (future years) are estimates based on mathematical models. Actual values may differ. Learn about our methodology →

Data Sources

Comparison data is aggregated from multiple authoritative international organizations:

World Bank Open Data - Development and economic indicators
UN Data - Population and demographic statistics
IMF Data Portal - International financial statistics
WHO Data - Global health statistics
OECD Statistics - Economic and social data
Our Methodology - Learn how we process and analyze data

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