Chile is 10 times larger than Panama.
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
Area: 756,102 km2 World Factbook
Population: 17,363,894 (July 2014) World Factbook
Chile, officially the Republic of Chile, is a South American country occupying a long, narrow strip of land between the Andes mountains to the east and the Pacific Ocean to the west. Wikipedia