Panama vs Thailand
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 Thailand at 64/100. 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
65
58
Political stability
Panama leads
52
70
Business climate
Panama leads
68
68
Financial maturity
Thailand leads
72
58
Growth outlook
Thailand leads
62
Macro snapshot
82
GDP (USD bn)
-433.0 bn
515
3.5%
GDP growth (%)
+1.0 pp
2.5%
$18,500
GDP per capita (USD)
+11200.0
$7,300
2.0%
Inflation (%)
+0.8 pp
1.2%
5.5%
FDI (% of GDP)
+2.7 pp
2.8%
55%
Public debt (% of GDP)
-7.0 pp
62%
4.4
Population (M)
-67.6M
72
Panama: strong sectors
- Logistics & Canal18.0% of GDP78
- Financial Services14.0% of GDP70
- Tourism8.0% of GDP62
- Construction10.0% of GDP58
Thailand: strong sectors
- Tourism12.0% of GDP85
- Automotive7.0% of GDP78
- Electronics15.0% of GDP75
- Agriculture8.0% of GDP68
Frequently asked
Which is better for investment: Panama or Thailand?
Our composite investment index gives Panama a score of 65/100 and Thailand a score of 64/100. Panama 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 Thailand?
Risk classification puts Panama as moderate (Growing economy with manageable risks - suitable for diversified portfolios) and Thailand as moderate (Growing economy with manageable risks - suitable for diversified portfolios).
Which has higher GDP growth: Panama or Thailand?
Panama is currently growing at 3.5% per year, vs 2.5% for Thailand. Panama has the faster headline growth rate today.