Panama vs Uruguay
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: Uruguay ranks higher
Uruguay scores 66/100 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
Panama leads
62
58
Political stability
Uruguay leads
78
70
Business climate
Panama leads
68
68
Financial maturity
Panama leads
58
58
Growth outlook
Panama leads
52
Macro snapshot
82
GDP (USD bn)
+5.0 bn
77
3.5%
GDP growth (%)
+0.5 pp
3.0%
$18,500
GDP per capita (USD)
-3500.0
$22,000
2.0%
Inflation (%)
-3.5 pp
5.5%
5.5%
FDI (% of GDP)
+2.7 pp
2.8%
55%
Public debt (% of GDP)
-3.0 pp
58%
4.4
Population (M)
+1.0M
3.4
Panama: strong sectors
- Logistics & Canal18.0% of GDP78
- Financial Services14.0% of GDP70
- Tourism8.0% of GDP62
- Construction10.0% of GDP58
Uruguay: strong sectors
- Renewable Energy4.0% of GDP72
- Agriculture7.0% of GDP68
- Technology5.0% of GDP65
- Tourism6.0% of GDP58
Frequently asked
Which is better for investment: Panama or Uruguay?
Our composite investment index gives Panama a score of 65/100 and Uruguay a score of 66/100. Uruguay 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 Uruguay?
Risk classification puts Panama as moderate (Growing economy with manageable risks - suitable for diversified portfolios) and Uruguay as moderate (Growing economy with manageable risks - suitable for diversified portfolios).
Which has higher GDP growth: Panama or Uruguay?
Panama is currently growing at 3.5% per year, vs 3.0% for Uruguay. Panama has the faster headline growth rate today.