Statement:
Latvia has higher GDP than Panama

In the Richest countries rating Latvia holds position #52 ²⁰²⁰ out of 191 and Panama is #66 out of 191 ²⁰²⁰.
Position of Latvia is better than position of Panama.

Referencies:

1. Richest countries ²⁰²⁰ by World Bank

   The countries in the rating sorted by 'GDP per capita (current US$)' in descending order.

   Latvia	'GDP per capita (current US$)' value is	17,703.95
   Panama	'GDP per capita (current US$)' value is	12,509.84