Statement:
Panama has a lower Human Development Index than Bulgaria

In the Human Development Index rating Panama holds position #66 ²⁰²¹ out of 187 and Bulgaria is #61 out of 187 ²⁰²¹.
Position of Panama is worse than position of Bulgaria.

Referencies:

1. Human Development Index ²⁰²¹ by United Nations

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

   Bulgaria	'Human Development Index' value is	0.8
   Panama	'Human Development Index' value is	0.8