Panama is 2.5 times larger than Belgium.
Area: 30,528 km2 World Factbook
Population: 10,449,361 (July 2014) World Factbook
Belgium, officially the Kingdom of Belgium, is a federal monarchy in Western Europe. It is a founding member of the European Union and hosts the EU's headquarters as well as those of several other major international organisations such as NATO. Wikipedia
Area: 75,420 km2 World Factbook
Population: 3,608,431 (July 2014) World Factbook
Panama, officially the Republic of Panama, is the southernmost country of Central America and the whole of North America. Wikipedia