Statement:
In Panama the corruption level is higher than in Bulgaria

In the Corruption Perceptions rating Panama holds position #42 ²⁰²¹ out of 178 and Bulgaria is #36 out of 178 ²⁰²¹.
Position of Panama is worse than position of Bulgaria.

Referencies:

1. Corruption Perceptions ²⁰²¹ by Transparency International

   The countries in the rating sorted by 'Score' in descending order.

   Bulgaria	'Score' value is	42
   Panama	'Score' value is	36