Statement:
Madagascar has lower GDP than Panama

In the Richest countries rating Madagascar holds position #188 ²⁰²⁰ out of 191 and Panama is #66 out of 191 ²⁰²⁰.
Position of Madagascar is worse 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.

   Madagascar	'GDP per capita (current US$)' value is	477.61
   Panama	'GDP per capita (current US$)' value is	12,509.84