Statement:
Panama has higher GDP than Madagascar

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

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