Statement:
Armenia has a lower Human Development Index than Panama

In the Human Development Index rating Armenia holds position #82 ²⁰²¹ out of 187 and Panama is #66 out of 187 ²⁰²¹.
Position of Armenia is worse than position of Panama.

Referencies:

1. Human Development Index ²⁰²¹ by United Nations

   The countries in the rating sorted by 'Human Development Index' in descending order.

   Armenia	'Human Development Index' value is	0.76
   Panama	'Human Development Index' value is	0.80