Statement:
Panama has lower GDP than Israel

In the Richest countries rating Panama holds position #66 2020 out of 191 and Israel is #22 out of 191 2020.
Position of Panama is worse than position of Israel.

Referencies:

  1. Richest countries 2020 by World Bank
    The countries in the rating sorted by 'GDP per capita (current US$)' in descending order.
    Israel 'GDP per capita (current US$)' value is 44,177.57
    Panama 'GDP per capita (current US$)' value is 12,509.84