Statement:
In Panama, startup ecosystem seems to be less developed than in Colombia

In the Startup Ecosystem Index rating Panama holds position #78 ²⁰²² out of 99 and Colombia is #44 out of 99 ²⁰²².
Position of Panama is worse than position of Colombia.

Referencies:

1. Startup Ecosystem Index ²⁰²² by StartupBlink

   The countries in the rating sorted by 'Total Score' in descending order.

   Colombia	'Total Score' value is	5.357
   Panama	'Total Score' value is	0.633