Cambodia vs Panama
A data-driven side-by-side: investment score, economy, business climate, political stability, and tax, to help you decide where to invest, incorporate, or relocate.
Overall: Panama ranks higher
Panama scores 65/100 on our composite investment index, ahead of Cambodia at 44/100. This blends economic strength, political stability, business climate, financial maturity, and growth outlook. Read the breakdown below to see where each country actually leads.
Category breakdown
52
Economic strength
Panama leads
65
28
Political stability
Panama leads
58
42
Business climate
Panama leads
70
38
Financial maturity
Panama leads
68
72
Growth outlook
Cambodia leads
58
Macro snapshot
32
GDP (USD bn)
-50.0 bn
82
5.8%
GDP growth (%)
+2.3 pp
3.5%
$1,900
GDP per capita (USD)
-16600.0
$18,500
2.5%
Inflation (%)
+0.5 pp
2.0%
11.0%
FDI (% of GDP)
+5.5 pp
5.5%
41%
Public debt (% of GDP)
-14.0 pp
55%
17
Population (M)
+12.6M
4.4
Cambodia: strong sectors
- Garment & Textiles16.0% of GDP72
- Tourism12.0% of GDP68
- Construction9.0% of GDP65
- Digital Economy2.0% of GDP58
Panama: strong sectors
- Logistics & Canal18.0% of GDP78
- Financial Services14.0% of GDP70
- Tourism8.0% of GDP62
- Construction10.0% of GDP58
Frequently asked
Which is better for investment: Cambodia or Panama?
Our composite investment index gives Cambodia a score of 44/100 and Panama a score of 65/100. Panama ranks higher overall, but the right answer depends on your sector and risk tolerance. See the category breakdown above.
Is Cambodia a safer market than Panama?
Risk classification puts Cambodia as caution (Significant risks present - experienced investors with hedging strategies) and Panama as moderate (Growing economy with manageable risks - suitable for diversified portfolios).
Which has higher GDP growth: Cambodia or Panama?
Cambodia is currently growing at 5.8% per year, vs 3.5% for Panama. Cambodia has the faster headline growth rate today.