Side-by-side comparison of Panama and Colombia across population, economy, quality of life, and more. Data updated 2026.
How do Panama and Colombia compare? Panama, located in Central America and Caribbean, has a population of 4.5M and covers an area of 75,420 km². Its GDP (PPP) stands at $164.5B with a GDP per capita of $36,400. Colombia, in South America, has a population of 49.8M across 1.1M km², with a GDP of $978.6B and GDP per capita of $18,500. In terms of quality of life, Panama has a life expectancy of 79.2 years compared to Colombia's 74.9 years.