Indonesia 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 Indonesia at 58/100. 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
62
Economic strength
Panama leads
65
48
Political stability
Panama leads
58
55
Business climate
Panama leads
70
58
Financial maturity
Panama leads
68
72
Growth outlook
Indonesia leads
58
Macro snapshot
1,320
GDP (USD bn)
+1238.0 bn
82
5.0%
GDP growth (%)
+1.5 pp
3.5%
$4,800
GDP per capita (USD)
-13700.0
$18,500
3.0%
Inflation (%)
+1.0 pp
2.0%
1.8%
FDI (% of GDP)
-3.7 pp
5.5%
39%
Public debt (% of GDP)
-16.0 pp
55%
278
Population (M)
+273.6M
4.4
Indonesia: strong sectors
- Mining & Resources10.0% of GDP78
- Digital Economy5.0% of GDP75
- Palm Oil4.0% of GDP72
- Manufacturing19.0% of GDP68
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: Indonesia or Panama?
Our composite investment index gives Indonesia a score of 58/100 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 Indonesia a safer market than Panama?
Risk classification puts Indonesia 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: Indonesia or Panama?
Indonesia is currently growing at 5.0% per year, vs 3.5% for Panama. Indonesia has the faster headline growth rate today.