Republic of Panama
Capital: Panama City
Population: 4,458,759
Currency: Panamanian balboa (PAB)
Panama is a Central American country bordered by Costa Rica to the west, Colombia to the east, the Caribbean Sea to the north, and the Pacific Ocean to the south. It is best known for the Panama Canal, a vital global trade route connecting the Atlantic and Pacific Oceans. The capital and largest city is Panama City, which serves as the political, economic, and financial center. The economy is driven by banking, trade, logistics, and tourism, with the U.S. dollar widely used alongside the Panamanian balboa. Panama is a unitary presidential republic and a member of the United Nations (UN), Organization of American States (OAS), Central American Integration System (SICA), World Trade Organization (WTO), and the Latin American and Caribbean Economic System (SELA).
Growth Rate
1.289
%
Fertility Rate
2.119
children born/woman
Crude Death Rate
4.771
per 1,000 people
Life Expectancy
79.6
years
Total Population in Panama
This graph illustrates the total population of a country over time, while also depicting the sex ratio, which indicates the number of males per 100 females in the population.
Population Density
Population Growth Rate (%)
The population growth rate shows how fast a population is increasing or decreasing annually, influenced by birth rates, death rates, and migration in Panama.
Life Expectancy (Years)
Life expectancy indicates the average number of years a person is expected to live.
Median Age (Years)
Median age represents the midpoint of a population’s age distribution, helping to assess whether a population is young, aging, or balanced.
Infant Mortality
Infant mortality rate measures the number of infant deaths per 1,000 live births.
Net migration in 2023 (per 1000 people)
1.629
(-0.181)
Net migration represents the difference between the number of people moving into a country and those leaving.
Fertility Rate
Fertility rate represents the average number of children a woman is expected to have in her lifetime
Births vs Deaths
This graph compares the number of births and deaths each year.
Crude Death Rate
Crude death rate measures the number of deaths per 1,000 people in a population per year.
Source
Data is sourced from The World Bank, the United Nations Population Division (World Population Prospects: 2024 Revision), and other collated datasets, including national statistical offices, Eurostat (Demographic Statistics), and the United Nations Statistics Division (Population and Vital Statistics Report, various years).
Note: The information in the KPI is from 2023; any data beyond this year is an estimate from the United Nations.