Statement:
Panama has lower GDP than Latvia
In the Richest countries rating
Panama holds position #66 2020
out of 191 and Latvia is #52 out of 191 2020.
Position of Panama is worse than position of Latvia.
Referencies:
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Richest countries 2020 by World BankThe 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