GDP$83.3BCURRENT US$Rnk 76 / 195 GDP GROWTH77.5%CURRENT US$Rnk 32 / 195
GDP$251BCURRENT US$Rnk 52 / 195 GDP GROWTH6.91%CURRENT US$Rnk 164 / 195 GDP PC $18,686CURRENT US$Rnk 65 / 195GDP PC GROWTH52.3%CURRENT US$Rnk 43 / 195GDP PC$5,565CURRENT US$Rnk 118 / 196GDP PC GROWTH-16.3%CURRENT US$Rnk 174 / 195In N/A, Panama did not export any services to Iraq.
Iraq-Panama In N/A, Iraq did not export any products to Panama.
In N/A, Iraq did not export any services to Panama.
Comparison: In 2023, Panama ranked 69 in the Economic Complexity Index (ECI -0.14), and 121 in total exports ($6.59B). That same year, Iraq ranked 97 in the Economic Complexity Index (ECI -0.71), and 40 in total exports ($107B).
This map shows whether countries import more from Panama or Iraq. Each country is colored based on the difference in imports they receive from Panama and Iraq or the difference in the growth in imports.
In 2023, countries that imported more from Panama than Iraq included Japan ($653M), Thailand ($346M), and Costa Rica ($307M).
In 2023, countries that imported more from Iraq than Panama included China ($35.5B), India ($29.8B), and United States ($8.92B).
) and Panama () (2023)We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.
This visualization shows the product space at the HS4 level with the flags of Panama and Iraq. This means that a dot/product with the flag of Panama indicates it has a comparative advantage over Iraq. Similarly, a dot/product with the flag of Iraq indicates it has a comparative advantage over Panama.
) and Iraq () (2019)
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