Panama vs Singapore
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: Singapore ranks higher
Singapore scores 92/100 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
65
Economic strength
Singapore leads
95
58
Political stability
Singapore leads
98
70
Business climate
Singapore leads
96
68
Financial maturity
Singapore leads
88
58
Growth outlook
Singapore leads
72
Macro snapshot
82
GDP (USD bn)
-315.0 bn
397
3.5%
GDP growth (%)
0.0 pp
3.5%
$18,500
GDP per capita (USD)
-46500.0
$65,000
2.0%
Inflation (%)
-0.3 pp
2.3%
5.5%
FDI (% of GDP)
-19.6 pp
25.1%
55%
Public debt (% of GDP)
-79.0 pp
134%
4.4
Population (M)
-1.5M
5.9
Panama: strong sectors
- Logistics & Canal18.0% of GDP78
- Financial Services14.0% of GDP70
- Tourism8.0% of GDP62
- Construction10.0% of GDP58
Singapore: strong sectors
- Trade & Logistics25.0% of GDP94
- Financial Services18.0% of GDP90
- Technology12.0% of GDP88
- Manufacturing21.0% of GDP82
Frequently asked
Which is better for investment: Panama or Singapore?
Our composite investment index gives Panama a score of 65/100 and Singapore a score of 92/100. Singapore ranks higher overall, but the right answer depends on your sector and risk tolerance. See the category breakdown above.
Is Panama a safer market than Singapore?
Risk classification puts Panama as moderate (Growing economy with manageable risks - suitable for diversified portfolios) and Singapore as safe (Strong fundamentals, stable governance, favorable investment climate).
Which has higher GDP growth: Panama or Singapore?
Panama is currently growing at 3.5% per year, vs 3.5% for Singapore. Singapore has the faster headline growth rate today.