Panama flag

Panama

Republic of Panama

Capital

Panama City

Region

Americas

Population

4,064,780

Area (km²)

75,417

💡Quick Summary

Panama, a vibrant nation in the Americas bridging Central and South America, spans 75,417 km² and is home to a population of around 4 million people. Its bustling capital, Panama City, serves as a major economic and cultural hub, blending modern skyscrapers with rich colonial history. Renowned for the iconic Panama Canal, the country plays a pivotal role in global shipping and trade, fostering a diverse economy driven by logistics, finance, and tourism.

Key Insights

Replacement Level Fertility and Aging Challenge

Panama’s fertility rate (2.12) is precisely at the replacement level, meaning the population is stabilizing without relying on natural growth. While stable, this suggests that without significant immigration, the country will face challenges associated with an aging population in the coming decades, especially given the high life expectancy.

High Urbanization and Literacy Rates

A high percentage of the population (65.86%) lives in urban areas, reflecting significant concentration around economic centers like Panama City. Coupled with a near-universal literacy rate (96.109%), the country demonstrates a high level of human capital development, crucial for sustaining its service-based economy.

Sustainable Forest Cover Maintenance

Panama maintains an impressive forest cover, with over 56% of its land area classified as forest. This high percentage is significant globally and regionally, indicating successful conservation efforts or limited agricultural expansion into forested areas, potentially linked to its focus on services rather than primary industries.

Developed World Life Expectancy

Panama's life expectancy of 79.59 years is exceptionally high, surpassing the global average and rivaling many high-income OECD countries. This achievement points to strong public health infrastructure and access to healthcare, despite the presence of a notable infant mortality rate.

Economic Indicators
Latest economic data from World Bank

GDP (Current US$)

$83.81B

Year: 2023

GDP Per Capita

$18,797.19

GDP Growth (%)

7.17%

Inflation (%)

1.49%

Unemployment (%)

6.54%

Debt to GDP (%)

N/A%

Source: World Bank • Last updated: 12/24/2025

Historical Trends & Data Visualizations

GDP Growth Rate
Annual percentage change in GDP over time
2014201520162017201820192020202120222023-18.00%-9.00%0.00%9.00%18.00%
  • GDP Growth (%)
Population Growth
Total population over time
201420152016201720182019202020212022202301,500,0003,000,0004,500,0006,000,000
  • Population
Life Expectancy
Average life expectancy at birth (years)
20142015201620172018201920202021202220230.0years20.0years40.0years60.0years80.0years
  • Life Expectancy (years)
Renewable Energy Consumption
Percentage of total energy from renewable sources
201420152016201720182019202020210.0%8.0%16.0%24.0%32.0%
  • Renewable Energy (%)
GDP Per Capita
Economic output per person (current US$)
2014201520162017201820192020202120222023$0$5,000$10,000$15,000$20,000
  • GDP Per Capita ($)

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