Cyprus 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: Cyprus ranks higher
Cyprus scores 68/100 on our composite investment index, ahead of Panama at 65/100. 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
66
Economic strength
Cyprus leads
65
70
Political stability
Cyprus leads
58
72
Business climate
Cyprus leads
70
65
Financial maturity
Panama leads
68
62
Growth outlook
Cyprus leads
58
Macro snapshot
32
GDP (USD bn)
-49.8 bn
82
2.5%
GDP growth (%)
-1.0 pp
3.5%
$35,520
GDP per capita (USD)
+17020.0
$18,500
2.5%
Inflation (%)
+0.5 pp
2.0%
12.5%
FDI (% of GDP)
+7.0 pp
5.5%
79%
Public debt (% of GDP)
+23.5 pp
55%
0.9
Population (M)
-3.5M
4.4
Cyprus: strong sectors
- Tourism14.5% of GDP72
- Financial Services11.2% of GDP70
- Shipping8.8% of GDP68
- Real Estate9.2% of GDP65
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: Cyprus or Panama?
Our composite investment index gives Cyprus a score of 68/100 and Panama a score of 65/100. Cyprus ranks higher overall, but the right answer depends on your sector and risk tolerance. See the category breakdown above.
Is Cyprus a safer market than Panama?
Risk classification puts Cyprus as moderate (Growing economy with manageable risks - suitable for diversified portfolios) and Panama as moderate (Growing economy with manageable risks - suitable for diversified portfolios).
Which has higher GDP growth: Cyprus or Panama?
Cyprus is currently growing at 2.5% per year, vs 3.5% for Panama. Panama has the faster headline growth rate today.