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Panama

Rank #129 by populationNorth America

Officially Republic of Panama

Population 2025
4,571,189
0.06% of world population
World Bank, 2025
Annual Growth
+1.22%
+55,951 people a year
World Bank, 2025
Density
60/km²
74,180 km² land area
World Bank, 2023
Median Age
30.3 years
Life expectancy 79.8 years
Our World in Data, 2025

About Panama

With a population of 4.6 million and a median age of 30.3 years, Panama has a relatively young demographic profile supporting continued workforce expansion. The country spans 74,180 km² across North America, bordering Colombia and Costa Rica, with 66% of its population concentrated in urban areas. Life expectancy reaches 79.8 years, and the fertility rate stands at 2.1 births per woman amid annual population growth of 1.2%.

Panama operates as a presidential republic with Spanish as its official language and uses both the Panamanian balboa and United States dollar as currency. GDP per capita totals $19,790. The nation achieved independence in 1903 and maintains Panama City as its capital.

This summary is AI-generated from the indicators on this page. The figures themselves come from the sources cited beside each value.

Country Facts

Capital
Panama City
Continent
North America
ISO codes
PA · PAN
Demonym
Panamanian
Currency
Panamanian balboa (PAB B/.), United States dollar (USD $)
Government
Presidential system
State inception
1903
Driving side
Right
Calling code
+507
Internet TLD
.pa
Land neighbours
2

Languages

  • Spanish

Demographics

Urban Population117th of 240
66.2%
World Bank, 2025
Fertility Rate102nd of 240
2.11 births per woman
World Bank, 2024
Birth Rate98th of 213
15.9 per 1,000
World Bank, 2024
Death Rate192nd of 213
4.9 per 1,000
World Bank, 2024

Economy

GDP per Capita92nd of 240
$19,790
World Bank, 2025
GDP Growth70th of 210
+4.4%
World Bank, 2025
Unemployment Rate51st of 186
8.4%
World Bank, 2025
Inflation Rate181st of 191
-0.2%
World Bank, 2025
Poverty Rate81st of 164
21.7%
World Bank, 2023
Gini Index10th of 170
49.7
World Bank, 2024

Health

Infant Mortality101st of 194
12.0 per 1,000 live births
World Bank, 2024
Health Spending56th of 192
8.3% of GDP
World Bank, 2023
Physicians103rd of 206
1.63 per 1,000
World Bank, 2022
Hospital Beds114th of 199
1.95 per 1,000
World Bank, 2023
Maternal Mortality105th of 193
37 per 100,000 live births
World Bank, 2023
Obesity Rate27th of 198
37.8%
Our World in Data, 2024

Education

Literacy Rate72nd of 175
96.2%
World Bank, 2024
Education Spending170th of 202
2.5% of GDP
World Bank, 2023
School Enrollment147th of 207
76.6% gross, secondary
World Bank, 2017
Mean Years of Schooling58th of 148
10.4 years
Our World in Data, 2020

Environment

Renewable Energy84th of 211
28.0% of final consumption
World Bank, 2021
Forest Coverage34th of 211
56.3% of land area
World Bank, 2023
Protected Areas32nd of 211
31.4% of land area
World Bank, 2025
CO₂ Emissions114th of 212
2.81 tonnes per capita
Our World in Data, 2024

Infrastructure

Internet Penetration125th of 211
72.8%
World Bank, 2024
Mobile Subscriptions26th of 212
156.6 per 100 people
World Bank, 2023

Quality of Life

Human Development Index58th of 192
0.839
Our World in Data, 2023
Happiness Index39th of 164
6.55/ 10
Our World in Data, 2025

Geography

Land Area118th of 240
74,180 km²
World Bank, 2023

Military

Military Spending123rd of 163
0.97% of GDP
World Bank, 1999

Age & Gender Distribution

Population by five-year age band, UN World Population Prospects 2024.

Male Female
100+95-9990-9485-8980-8475-7970-7465-6960-6455-5950-5445-4940-4435-3930-3425-2920-2415-1910-145-90-4198K198KAge
Age 0–14
24.9%
Age 15–64
65.8%
Age 65+
9.4%
Source: UN World Population Prospects 2024, medium variant.
Panama population pyramid
Age bandMaleFemale
100+68363
95-996682,047
90-943,3907,285
85-8910,37116,977
80-8420,98628,767
75-7934,12342,054
70-7451,40658,566
65-6969,78375,495
60-6491,17796,523
55-59111,404115,573
50-54127,279129,546
45-49136,577136,906
40-44149,583148,648
35-39161,522159,418
30-34168,488165,824
25-29175,875171,289
20-24181,804175,209
15-19187,090179,346
10-14195,789186,909
5-9198,083187,520
0-4182,539173,310

Population History & Projection (1950–2100)

Observed population to 2024, then the UN medium-variant projection.

01M2M3M4M5M6M1950197520002025205020752100projected →
Panama's population was 861K in 1950 and is projected at 5.9M by 2100. Peak of 6.03M in 2080. Source: UN World Population Prospects 2024 (estimates to 2024, medium variant thereafter).
Panama population, 1950 to 2100
YearPopulation
1950860,850
19601,126,005
19701,513,070
19801,957,534
19902,455,583
20003,010,369
20103,628,535
20204,293,261
20304,833,859
20405,286,592
20505,630,680
20605,855,660
20705,984,212
20806,029,734
20905,996,317
21005,904,927

How Panama Compares

Population against the ten most populous countries.

  1. India1.46B
  2. China1.41B
  3. United States341.8M
  4. Indonesia285.7M
  5. Pakistan255.2M
  6. Nigeria237.5M
  7. Brazil212.8M
  8. Bangladesh175.7M
  9. Russia143.5M
  10. Ethiopia135.5M
  11. Panama4.57M
Sources as cited on each country page.
Panama compared with the ten largest countries by population
NamePopulation
India1.46B
China1.41B
United States341.8M
Indonesia285.7M
Pakistan255.2M
Nigeria237.5M
Brazil212.8M
Bangladesh175.7M
Russia143.5M
Ethiopia135.5M
Panama4.57M

Countries Bordering Panama

2 land borders.

Panama Population FAQ

What is the population of Panama in 2026?

Panama has a population of 4,571,189 people (2025 estimate), which is 129th in the world and about 0.06% of the global total.

Is the population of Panama growing or shrinking?

Panama's population is growing at +1.22% per year, a change of roughly 55,951 people annually.

What is the capital of Panama?

The capital of Panama is Panama City.

How densely populated is Panama?

Panama has 60/km² across 74,180 km² of land area.

What is life expectancy in Panama?

Life expectancy at birth in Panama is 79.8 years (2024).

What is the median age in Panama?

The median age in Panama is 30.3 years, meaning half the population is younger than that and half older.

Which continent is Panama in?

Panama is in North America.

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