Hong Kong 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: Hong Kong ranks higher
Hong Kong scores 72/100 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
75
Economic strength
Hong Kong leads
65
55
Political stability
Panama leads
58
78
Business climate
Hong Kong leads
70
82
Financial maturity
Hong Kong leads
68
52
Growth outlook
Panama leads
58
Macro snapshot
388
GDP (USD bn)
+306.0 bn
82
2.8%
GDP growth (%)
-0.7 pp
3.5%
$51,400
GDP per capita (USD)
+32900.0
$18,500
2.2%
Inflation (%)
+0.2 pp
2.0%
28.0%
FDI (% of GDP)
+22.5 pp
5.5%
44%
Public debt (% of GDP)
-11.0 pp
55%
7.5
Population (M)
+3.1M
4.4
Hong Kong: strong sectors
- Financial Services22.0% of GDP85
- Trade & Logistics18.0% of GDP78
- Technology8.0% of GDP72
- Real Estate12.0% of GDP62
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: Hong Kong or Panama?
Our composite investment index gives Hong Kong a score of 72/100 and Panama a score of 65/100. Hong Kong ranks higher overall, but the right answer depends on your sector and risk tolerance. See the category breakdown above.
Is Hong Kong a safer market than Panama?
Risk classification puts Hong Kong 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: Hong Kong or Panama?
Hong Kong is currently growing at 2.8% per year, vs 3.5% for Panama. Panama has the faster headline growth rate today.