Panama vs Sri Lanka Comparison

Country Comparison
Panama Flag

Panama

4.6M (2025)

VS
Sri Lanka Flag

Sri Lanka

23.2M (2025)

Comprehensive comparison across 9 categories and 44 indicators

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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.)
Sri Lanka Flag

Sri Lanka

Population: 23.2M (2025) Area: 65.6K km² GDP: No data
Capital: Sri Jayawardenepura Kotte
Continent: Asia
Official Languages: Sinhala, Tamil
Currency: LKR
HDI: 0.776 (89.)

Geography and Demographics

Panama
Sri Lanka
Area
75.4K km²
65.6K km²
Total population
4.6M (2025)
23.2M (2025)
Population density
61.7 people/km² (2025)
348.6 people/km² (2025)
Average age
30.3 (2025)
33.3 (2025)

Economy and Finance

Panama
Sri Lanka
Total GDP
$91.7B (2025)
No data
GDP per capita
$20,080 (2025)
No data
Inflation rate
0.5% (2025)
No data
Growth rate
4.0% (2025)
No data
Minimum wage
$483 (2024)
$54 (2024)
Tourism revenue
$6.1B (2025)
$3.8B (2025)
Unemployment rate
6.6% (2025)
5.0% (2025)
Public debt
56.6% (2025)
99.0% (2025)
Trade balance
-$270 (2025)
-$718 (2025)

Quality of Life and Health

Panama
Sri Lanka
Human development
0.839 (59.)
0.776 (89.)
Happiness index
6,407 (41.)
3,891 (133.)
Health Exp. per Cap. ($)
$1.5K (9%)
$146 (4%)
Life expectancy
80 (2025)
77.9 (2025)
Safety index
72.8 (87.)
70.1 (97.)

Education and Technology

Panama
Sri Lanka
Education Exp. (% GDP)
3.9% (2025)
1.9% (2025)
Literacy rate
96.4% (2025)
93.2% (2025)
Primary school completion
96.4% (2025)
93.2% (2025)
Internet usage
82.4% (2025)
58.2% (2025)
Internet speed
171.1 Mbps (35.)
27.42 Mbps (128.)

Environment and Sustainability

Panama
Sri Lanka
Renewable energy
67.9% (2025)
63.1% (2025)
Carbon emissions per capita
16 kg per capita (2025)
21 kg per capita (2025)
Forest area
56.4% (2025)
34.1% (2025)
Freshwater resources
139 km³ (2025)
53 km³ (2025)
Air quality
9.52 µg/m³ PM2.5 (2025)
20.74 µg/m³ PM2.5 (2025)

Military Power

Panama
Sri Lanka
Military expenditure
$0 (2025)
$967.7M (2025)
Military power rank
284 (144.)
14,846 (44.)

Governance and Politics

Panama
Sri Lanka
Democracy index
6.84 (2024)
6.19 (2024)
Corruption perception
33 (120.)
32 (124.)
Political stability
0.2 (91.)
-0.4 (118.)
Press freedom
56 (73.)
35.1 (146.)

Infrastructure and Services

Panama
Sri Lanka
Clean water access
94.7% (2025)
89.3% (2025)
Electricity access
100.0% (2025)
100.0% (2025)
Electricity price
0.2 $/kWh (2025)
0.11 $/kWh (2025)
Paved Roads
No data
No data
Traffic deaths (per 100K)
13.58 /100K (2025)
20.91 /100K (2025)
Retirement age
62 (2025)
55 (2025)

Tourism and International Relations

Panama
Sri Lanka
Passport power
75.9 (2025)
36.03 (2025)
Tourist arrivals
1.5M (2022)
720K (2022)
Tourism revenue
$6.1B (2025)
$3.8B (2025)
World heritage sites
5 (2025)
8 (2025)

Comparison Result

Panama
Panama Flag
31.5

Superior Fields

Leader
Panama
Sri Lanka
Sri Lanka Flag
7.5

Superior Fields

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

GDP Comparison

Comparison Evaluation

Panama Flag

Panama Evaluation

Significant advantages for Panama: • Panama has 8.9x higher minimum wage • Panama has 10.1x higher healthcare spending per capita • Panama has 6.2x higher internet speed • Panama has 2.1x higher education spending
Sri Lanka Flag

Sri Lanka Evaluation

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

Sri Lanka leads in: • Sri Lanka has 5.6x higher population density • Sri Lanka has 5.1x higher population

Overall Evaluation

Final Conclusion

Sri Lanka vs Panama: The Ancient Crossroads vs. The Modern Crossroads

A Tale of Two Canals, One Ancient and One Concrete

Comparing Sri Lanka and Panama is a fascinating study of what it means to be a global crossroads. It's like comparing an ancient, bustling silk road marketplace with a sleek, modern, high-tech logistics hub. Both nations owe their fortunes (and misfortunes) to their strategic locations, but they have leveraged them in entirely different eras and ways. Sri Lanka is an ancient crossroads of the Indian Ocean, a hub of the spice trade for millennia. Panama is the ultimate modern crossroads, a narrow isthmus connecting two continents, famously split by the Panama Canal—one of the greatest feats of modern engineering.

The Most Striking Contrasts

  • The Crossroads: Sri Lanka's role as a crossroads is historical, cultural, and spiritual, a place where faiths and traders have met for centuries. Panama's role is brutally physical and commercial: the Panama Canal literally connects the Atlantic and Pacific oceans, and its economy is dominated by the transit of global trade.
  • The Skyline: Sri Lanka's skyline is defined by ancient, dome-shaped stupas and the misty peaks of its highlands. Panama City boasts a stunning, futuristic skyline of glass skyscrapers that rivals Miami or Dubai, a direct result of its wealth from the canal and its status as a major international banking center.
  • Nature's Offering: Sri Lanka offers ancient landscapes, from the Cultural Triangle to tea plantations. Panama offers some of the most accessible and biodiverse rainforests in the world, literally on the edge of its capital city. You can be in a cosmopolitan metropolis one moment and a dense jungle teeming with monkeys and toucans the next.
  • Cultural Identity: Sri Lanka has a deep, ancient, and homogenous cultural identity (primarily Sinhalese-Buddhist). Panama is a true melting pot, a cosmopolitan blend of Spanish, African, American, and indigenous influences, forged by the international workforce that built and ran the canal.

The Quality vs. Quantity Paradox

Sri Lanka offers a "quantity" of deep, historical, and spiritual experiences. Its 2,500 years of civilization are evident everywhere. The quality lies in this profound sense of history. Panama offers a "quantity" of contrasts. It has a modern, first-world capital city, pristine rainforests, and two completely different coastlines (Caribbean and Pacific) with their own unique island chains (San Blas and Pearl Islands). The quality is this incredible, easily accessible juxtaposition of the hyper-modern and the deeply wild.

Practical Advice

If You Want to Start a Business:

  • Sri Lanka: A strong base for manufacturing, IT, and tourism, leveraging its workforce and Asian trade links.
  • Panama: A world-class hub for logistics, trade, finance, and shipping. Its use of the US dollar, stable government, and business-friendly environment make it a magnet for international corporations.

If You Want to Settle Down:

  • Sri Lanka is for you if: You seek an affordable, spiritual life in a country with a rich ancient culture.
  • Panama is for you if: You want a "first-world" lifestyle in a tropical setting, with excellent infrastructure, a cosmopolitan capital, and easy access to both nature and the Americas.

The Tourist Experience

A Sri Lankan tour is a journey back in time, exploring ancient kingdoms and serene natural landscapes. It’s a cohesive and culturally immersive trip.A Panamanian tour is a study in spectacular contrasts. It’s about marveling at the giant ships passing through the Miraflores Locks of the canal, hiking in a rainforest just minutes from a luxury hotel, and then flying to the idyllic, autonomous San Blas Islands to experience the traditional Guna Yala culture. It feels like three different countries in one.

Conclusion: Which World Do You Choose?

Sri Lanka is for the traveler seeking depth and harmony. It offers a beautiful and seamless blend of history, culture, and nature in a single, compelling narrative.

Panama is for the traveler who loves dynamism and diversity. It offers a thrilling mix of the old and the new, the natural and the man-made, the urban and the wild. It’s a country that defies easy categorization.

🏆 The Final Verdict

Winner: For ancient history and cultural depth, Sri Lanka is in a class of its own. For modern marvels, incredible biodiversity, and a stunning blend of city and jungle, Panama is unique in the world.

The Practical Decision:

If you are fascinated by ancient history and want a trip that is more spiritual and traditional, choose Sri Lanka. If you are fascinated by modern engineering and want a trip that combines a slick city break with raw nature, choose Panama.

The Last Word:

Sri Lanka is a history book; Panama is a business and biology textbook, bound together.

💡 Surprising Fact

Due to the S-shape of the Isthmus of Panama, the sun rises over the Pacific Ocean and sets over the Atlantic Ocean in some parts of the country, a complete reversal of the norm. It's one of the few places on Earth where you can witness this phenomenon.

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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