Statement:
The level of criminal activities is lower in Panama than in Peru

In the The Most Criminal Countries rating Panama holds position #82 ²⁰²² out of 139 and Peru is #11 out of 139 ²⁰²².
Position of Panama is better than position of Peru.
Peru is leader of the "The Most Criminal Countries" rating. So it is wise to avoid visiting the country or, at least, you need to take additional actions to protect your life and belongings, compared to Panama

Referencies:

1. The Most Criminal Countries ²⁰²² by Numbeo

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

   Panama	'Crime Index' value is	43.61
   Peru	'Crime Index' value is	67.24