| Attribute |
Panama × | 
Latvia × |
| Geography | | |
| Area (km²) | 75,420 | 64,589 |
| Continent | North America | Europe |
| Land area (km²) | 74,340 | 62,249 |
| Water area (km²) | 1,080 | 2,340 |
| Land boundaries (km) | 687 | 1,370 |
| Border countries | | - Belarus
- Estonia
- Lithuania
- Russia
|
| Coastline (km) | 2,490 | 498 |
| Mean elevation (m) | 360 | 87 |
| Lowest point (m) | 0 | 0 |
| Highest point (m) | 3,475 | 312 |
| People | | |
| Population | 3,894,082 | 1,881,232 |
| Official languages | | |
| Religion | Roman Catholic | Lutheran |
| Government | | |
| Long country name | Republic of Panama | Republic of Latvia |
| Short country name | Panama | Latvia |
| Long local name | Republica de Panama | Latvijas Republika |
| Short local name | Panama | Latvija |
| Former name | - | - Latvian Soviet Socialist Republic
|
| Government type | Presidential republic | Parliamentary republic |
| Capital | Panama City | Riga |
| Economy | | |
| GDP (PPP) (USD) | 104,100,000,000 | 54,020,000,000 |
| GDP (OER) (USD) | 61,840,000,000 | 30,330,000,000 |
| GDP (real growth rate) (%) | 5.4 | 4.5 |
| GDP - per capita (PPP) (USD) | 25,400 | 27,700 |
| Gross national saving (% of GDP) | 38.9 | 20.7 |
| Labor force | 1,633,000 | 990,000 |
| Unemployment rate (%) | 6 | 8.7 |
| Population below poverty line (%) | 23 | 25.5 |
| Budget revenues (USD) | 12,430,000,000 | 11,390,000,000 |
| Budget expenditures (USD) | 13,440,000,000 | 11,530,000,000 |
| Military expenditures (% of GDP) | - | 2.01 |
| Taxes and other revenues (% of GDP) | 20.1 | 37.5 |
| Budget surplus or deficit (% of GDP) | -1.6 | -0.5 |
| Public debt (% of GDP) | 37.8 | 36.3 |
| Inflation rate (%) | 0.9 | 2.9 |
| Central bank discount rate (%) | - | 0 |
| Commercial bank prime lending rate (%) | 7.52 | 2.58 |
| Stock of narrow money (USD) | 8,347,000,000 | 12,910,000,000 |
| Stock of broad money (USD) | 8,347,000,000 | 12,910,000,000 |
| Stock of domestic credit (USD) | 51,050,000,000 | 17,270,000,000 |
| Market value of publicly traded shares (USD) | 12,540,000,000 | 6,760,000,000 |
| Current account balance (USD) | -3,036,000,000 | -231,000,000 |
| Exports (USD) | 15,500,000,000 | 12,840,000,000 |
| Imports (USD) | 21,910,000,000 | 15,790,000,000 |
| Reserves of foreign exchange and gold (USD) | 2,703,000,000 | 4,614,000,000 |
| External debt (USD) | 91,530,000,000 | 40,020,000,000 |
| National currency | balboas | lati |
| National currency (code) | PAB | LVL |
| National currency (symbol) | B/. | Ls |
| National currency rate to USD | 1 | 0.885 |