Panama vs Spain
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: Spain ranks higher
Spain scores 76/100 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
Spain leads
74
58
Political stability
Spain leads
78
70
Business climate
Spain leads
74
68
Financial maturity
Spain leads
72
58
Growth outlook
Spain leads
72
Macro snapshot
82
GDP (USD bn)
-1499.6 bn
1,582
3.5%
GDP growth (%)
+1.0 pp
2.5%
$18,500
GDP per capita (USD)
-14780.0
$33,280
2.0%
Inflation (%)
-0.8 pp
2.8%
5.5%
FDI (% of GDP)
+2.7 pp
2.8%
55%
Public debt (% of GDP)
-52.5 pp
108%
4.4
Population (M)
-43.7M
48.1
Panama: strong sectors
- Logistics & Canal18.0% of GDP78
- Financial Services14.0% of GDP70
- Tourism8.0% of GDP62
- Construction10.0% of GDP58
Spain: strong sectors
- Tourism12.0% of GDP82
- Renewable Energy5.0% of GDP80
- Automotive4.0% of GDP72
- Agriculture3.0% of GDP68
Frequently asked
Which is better for investment: Panama or Spain?
Our composite investment index gives Panama a score of 65/100 and Spain a score of 76/100. Spain 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 Spain?
Risk classification puts Panama as moderate (Growing economy with manageable risks - suitable for diversified portfolios) and Spain as safe (Strong fundamentals, stable governance, favorable investment climate).
Which has higher GDP growth: Panama or Spain?
Panama is currently growing at 3.5% per year, vs 2.5% for Spain. Panama has the faster headline growth rate today.