Panama vs Spain
Score comparison table
| Dimension | Panama | Spain |
|---|---|---|
Lucky Nomads World Index | 7.07 / 10 | 7.06 / 10 |
SafetyShield Index | 5.6 / 10 | 8.5 / 10 |
Affordability Index | 6.9 / 10 | 6.3 / 10 |
Entry Ease Index | 6.9 / 10 | 6.6 / 10 |
Tax Freedom Index | 8.7 / 10 | 3.3 / 10 |
WiFi Index | 7.7 / 10 | 8.6 / 10 |
Admin Ease Index | 6.6 / 10 | 8.0 / 10 |
Healthcare Index | 7.8 / 10 | 8.7 / 10 |
City Comfort Index | 7.7 / 10 | 8.8 / 10 |
WeatherComfort Index | 5.7 / 10 | 7.3 / 10 |
Banking Index | 6.3 / 10 | 8.8 / 10 |
GeoStability Index | 7.4 / 10 | 7.8 / 10 |
Justice & Order Index | 6.8 / 10 | 7.8 / 10 |
Quality of Life Index | 8.0 / 10 | 8.2 / 10 |
Open Society Index | 6.5 / 10 | 8.7 / 10 |
Flight Index | 5.2 / 10 | 7.1 / 10 |
Environmental Quality Index | 8.2 / 10 | 8.5 / 10 |
English Index | 4.8 / 10 | 5.7 / 10 |
Wealth Protection Index | 8.0 / 10 | 5.8 / 10 |
Tax, economy, and demographics
| Dimension | Panama | Spain |
|---|---|---|
| Corporate income tax | 25%Very high | 25%Very high |
| Corporate tax basis | Pure territorial | Worldwide |
| Personal income tax (marginal) | 25%Low | 47%High |
| Personal tax basis | Territorial | Worldwide |
| Population | 4.6 M | 49.6 M×11 |
| Area | 74,340 km² | 505,990 km²×6.81 |
| Population density | 62 /km² | 98 /km² |
| Capital | Panama City | Madrid |
| Currency | PAB (Panamanian balboa) | EUR (Euro) |
| Main airport | PTY (Tocumen International Airport) | MAD (Adolfo Suárez Madrid-Barajas Airport) |
| Phone code | +507 | +34 |
| Internet TLD | .pa | .es |
Visa access controls
Your access
Pick your nationality above to see how long you can stay in each country and whether you need a visa.
Passport power
Mobility strength of each country's passport, useful if you are weighing it as a future citizenship.
Panama passport
#25
Henley rank
147
Visa-free destinations
- Schengen visa-free
- UK visa-free
Spain passport
#4
Henley rank
185
Visa-free destinations
- Schengen visa-free
- UK visa-free
- US ESTA
- Canada eTA
- Australia eTA
Verdict
For professionals who prioritize tax freedom index, Panama leads with 8.7 / 10 versus 3.3 / 10 for Spain. On safetyshield index, Spain is at 8.5 / 10 compared with 5.6 / 10 for Panama.
Who should choose which country
Who should choose Panama
- Professionals who prioritize tax freedom index (very favorable tax environment)
- Professionals who prioritize environmental quality index (very strong environmental quality index)
- Professionals who prioritize wealth protection index (strong wealth protection index)
Who should choose Spain
- Professionals who prioritize banking index (accessible, stable banking for expats)
- Professionals who prioritize city comfort index (high urban quality of life)
- Professionals who prioritize healthcare index (strong healthcare access and quality)
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