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Panama

Panama

Spain

Spain

Multidimensional Comparison

Normalized 0-100 Scale

How is this calculated?

  • Economy (GDP): World Bank Data. Based on GDP per capita (PPP) which adjusts for the local cost of living. Normalized against a baseline of $80,000 (100 pts).
  • Safety (Low Crime): World Bank Data. Inverted homicide rates. 0 homicides = 100 pts. 25+ homicides = 0 pts.
  • Happiness Index: WHR Score (0-10) multiplied by 10.
  • Healthcare, Digital & Business: These use their native 0-100 indexes directly (UHC Index, Internet %, Heritage Freedom).

Economy & Labor

Insights based on World Bank & Heritage Data

Panama

Panama's economy is characterized by a relatively stable business climate with an inflation rate of 0.69%, indicating low inflationary pressures. The country scores moderately on overall economic freedom (64.9), particularly strong in trade freedom (80.2) and monetary freedom (78.2). However, concerns emerge from high government spending (85.5%), a heavy tax burden (86.1%), and lower ratings for property rights (56.7), judicial effectiveness (49.6), and government integrity (37.4), which may hinder long-term financial freedom (60.0) and economic sustainability.

Spain

The current economic landscape in Spain presents a mixed picture characterized by moderate inflation at 2.7700%, an unemployment rate of 10.3800%, and a relatively balanced overall Economic Freedom Score of 66.8000, reflecting strengths in business freedom (82.6000) and monetary freedom (78.2000). The property rights are robust with a score of 88.0000, while judicial effectiveness stands at 74.3000, bolstering investor confidence. However, financial freedom remains lower at 60.0000, highlighting areas for improvement in the financial sector's openness and regulation.

PanamaPanama
Metric
SpainSpain
$41,369.4GDP per Capita (PPP)$57,965.3
8.4%Unemployment Rate10.4%
0.7%Inflation Rate2.8%
49.7GINI Inequality33.4
16.3%Education Spending (GDP)9.9%

Quality of Life & Health

Insights based on WHO & World Bank Data

Panama

Living in Panama offers a blend of high quality healthcare and a vibrant lifestyle. With a life expectancy of 77.2 years, the country boasts a healthy populace. There is an adequate ratio of medical doctors, with 16.3 per 10k people ensuring accessible medical care. However, it's worth noting that obesity rates stand at 37.7% among adults, reflecting a diverse health landscape.

Spain

Spain boasts a life expectancy of 82.7 years, reflecting its robust healthcare system. With 44.3 medical doctors per 10,000 people, the country ensures widespread access to quality healthcare services. While data on out-of-pocket health expenditure is not available, the prevalence of adult obesity stands at 15.3%, highlighting a balanced approach to health and lifestyle.

PanamaPanama
Metric
SpainSpain
6.5Happiness Index6.5
77.2Life Expectancy82.7
82UHC Health Index84
11.5Air Quality (PM2.5)9.6
11.7Homicides (per 100k)0.7

Demographics

Insights based on World Bank Data

Panama

In Panama, the population is evenly split between males and females at 50%, reflecting a balanced gender ratio. With an impressive internet penetration rate of 72.77%, digital connectivity is widespread, fostering rapid technological integration. The country's education expenditure, accounting for 16.28% of its GDP, underscores Panama’s commitment to educational development. Despite this, income inequality remains significant, as indicated by a Gini coefficient of 49.70, and urbanization stands at 66%, with a notable net migration trend of 6151 over five years.

Spain

In Spain, the population is evenly split between males (49.1%) and females (50.9%), reflecting a balanced gender distribution. With 95.76% of individuals online, internet usage is high, underscoring digital integration. The country's education spending at 9.88% of GDP contributes to a relatively equitable society with a GINI index of 33.4, indicating moderate income inequality. Additionally, women hold 44.2857% of parliamentary seats and over 60% of the population resides in urban areas, highlighting Spain's modern demographic trends.

PanamaPanama
Metric
SpainSpain
4,515,577Total Population48,848,840
66%Urban Population80.3%
9.4%Population 65+21.2%
6,151Net Migration (5y)96,630
72.8%Internet Users95.8%
491English (EF EPI)540

Economic Freedom

PanamaPanama
Metric
SpainSpain
64.9Overall Economic Freedom66.8
56.7Property Rights88
49.6Judicial Effectiveness74.3
37.4Government Integrity64.2
86.1Tax Burden Score58.2
85.5Government Spending37.3
51.8Fiscal Health57.3
72.6Business Freedom82.6
60.9Labor Freedom61.7
78.2Monetary Freedom78.2
80.2Trade Freedom79.4
60Investment Freedom60
60Financial Freedom60

Digital Freedom & Remote Work

Panama

OONI data indicates minimal internet censorship in Panama, with no detected anomalies for WhatsApp or Telegram, and low anomalies for Tor (2.27%) and general censorship (2.00%). While the 100% VPN anomaly rate suggests potential network interference, this likely reflects test server issues rather than a government ban, as legally permitted VPNs remain available for bypassing restrictions. Communication tools critical for remote work, such as Slack or GitHub, appear reliably accessible with no reported disruptions.

Spain

Spain exhibits low to moderate internet censorship, with minimal anomalies in WhatsApp (0.32%) and Telegram (0.47%), suggesting unrestricted access to major communication tools critical for remote work. While VPNs remain legal and widely available, OONI data shows a 100% anomaly rate for VPN protocols, likely reflecting test server issues rather than government-enforced blocks. Overall, communication platforms like Slack or GitHub appear reliable, though sporadic network interference could affect Tor users.

Month-by-Month Climate Profile

Panama

<p>Panama City experiences a tropical monsoon climate with distinct wet and dry seasons. The weather remains consistently hot and highly humid year-round, making it ideal for those who thrive in tropical environments. The dry season typically runs from mid-December to April, offering abundant sunshine and breezy conditions, while the prolonged wet season brings intense but often short-lived afternoon downpours. Average daytime temperatures hover around 30-32°C (86-90°F) regardless of the month, though the heavy rainfall from May to November significantly impacts daily routines and outdoor activities.</p>

Spain

Spain boasts a Mediterranean climate, characterized by warm summers and mild winters, with the hottest period of the year unfolding from June to August, when average maximum temperatures soar to over 29 degrees Celsius, while the rainiest months, with over 13 rainy days, occur from March to May and November, marking the spring and autumn seasons. The summer months, particularly July and August, are not only the hottest but also the driest, with only 4 rainy days on average, whereas the spring and autumn months are generally wetter, making the shoulder season, from September to November, an ideal time to relocate or visit, as the weather is pleasantly warm and sunny, with average maximum temperatures ranging from 21 to 27 degrees Celsius. For digital nomads and expats seeking comfortable weather, the best season to visit or relocate to Spain is during the spring, from April to June, or the autumn, from September to November, when the temperatures are mild, and the crowds are smaller, making it perfect for exploring the country's vibrant culture, rich history, and breathtaking landscapes.

Average High Temperature (°C)

MonthPanamaSpain
Jan30° / 23°17 rain days10° / 1°11 rain days
Feb32° / 24°4 rain days13° / 3°9 rain days
Mar32° / 23°14 rain days16° / 5°13 rain days
Apr33° / 24°10 rain days19° / 8°15 rain days
May32° / 25°26 rain days24° / 12°12 rain days
Jun30° / 25°28 rain days30° / 16°9 rain days
Jul30° / 25°30 rain days34° / 20°4 rain days
Aug30° / 25°29 rain days33° / 20°4 rain days
Sep30° / 24°29 rain days27° / 15°9 rain days
Oct29° / 24°30 rain days22° / 11°11 rain days
Nov29° / 24°28 rain days14° / 6°14 rain days
Dec31° / 25°16 rain days12° / 3°11 rain days

Top Expat Origins

Panama

ColombiaColombia
28,003
ChinaChina
10,212
NicaraguaNicaragua
8,759

Spain

MoroccoMorocco
355,176
RomaniaRomania
313,051
ColombiaColombia
264,676
EcuadorEcuador
230,437

Still deciding?

Neither Panama nor Spain feeling like the perfect match? See how Panama stacks up against a global hotspot like Portugal.