Latvia vs Panama: Spending by a country’s residents while travelling abroad, per square

Latvia
20,289 current US$ per square kilometre
in 2023
Panama
18,476 current US$ per square kilometre
in 2023
Latvia rank
82nd
Panama rank
85th

Spending by a country’s residents while travelling abroad, per square over time

  • Latvia
  • Panama
05.0k10.0k15.0k20.0k199520092023

How they compare

Latvia currently reports 20,289 current US$ per square kilometre against 18,476 current US$ per square kilometre in Panama, a difference of 1,813 current US$ per square kilometre.

That makes Latvia's figure about 1.1 times Panama's.

The two have swapped places 1 time across 17 shared years of data; in 1995 it was Panama ahead.

Latvia ranks 82nd and Panama ranks 85th of 189 countries.

Latvia has averaged higher in every one of the 3 decades both report.

Head to head by decade

Decade Latvia Panama Difference Ahead
1990s 4,898 current US$ per square kilometre 3,062 current US$ per square kilometre 1,837 current US$ per square kilometre Latvia
2000s 8,156 current US$ per square kilometre 4,252 current US$ per square kilometre 3,903 current US$ per square kilometre Latvia
2020s 14,379 current US$ per square kilometre 13,313 current US$ per square kilometre 1,065 current US$ per square kilometre Latvia

Averages of every year both report within each decade.

Frequently asked questions

Which has higher spending by a country’s residents while travelling abroad, per square, Latvia or Panama?
Latvia, at 20,289 current US$ per square kilometre against 18,476 current US$ per square kilometre in Panama as of 2023.
What is the difference in spending by a country’s residents while travelling abroad, per square between Latvia and Panama?
1,813 current US$ per square kilometre, with Latvia ahead.
How many years of comparable data are there for Latvia and Panama?
17 years are reported by both, from 1995 to 2023.
How do Latvia and Panama rank globally for spending by a country’s residents while travelling abroad, per square?
Latvia ranks 82nd and Panama ranks 85th of 189 countries.
Where does this data come from?
Statizoid (derived), published as Spending by a country’s residents while travelling abroad, per square kilometre. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Latvia vs Panama: Spending by a country’s residents while travelling abroad, per square. Statizoid, drawing on Statizoid (derived). Retrieved 29 September 2026, from https://reference.statizoid.com/compare/spending-by-a-country-s-residents-while-travelling-abroad-per-square-kilometre/latvia/panama/

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<a href="https://reference.statizoid.com/compare/spending-by-a-country-s-residents-while-travelling-abroad-per-square-kilometre/latvia/panama/">Latvia vs Panama: Spending by a country’s residents while travelling abroad, per square</a> — Statizoid

About this data

Indicator
Spending by a country’s residents while travelling abroad, per square kilometre
Unit
current US$ per square kilometre
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
189 places, 4,392 data points, 1995–2023
Last refreshed

Spending by a country’s residents while travelling abroad divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.