Total population of Panama 2024

This statistic shows the total population of Panama from 2014 to 2018, with projections up until 2024. In 2018, the total population of Panama amounted to approximately 4.16 million inhabitants.

Panama's population

Even though the population growth trend in Panama is pointing upwards, a total of only 4.42 million people are expected to inhabit the country by 2020. This is about the size of a medium city in many other parts of the world, and it is relatively small in comparison to other South-American countries. The largest city in Panama is its capital, Panama City, located at the Pacific Ocean on the famous Panama Canal, with a population of about 430,000. The second largest city is San Miguelito with 320,000.

The Panama Canal serves to fuel the services sector, and the country's overall GDP per capita is increasing steadily. By 2020, GDP per capita is expected to reach around 17,000 U.S. dollars. A total of 16.7 percent of employment still belongs to the agricultural sector, which is quite high considering that agriculture composes a very small share of total GDP. As is the case with many developing countries, agriculture remains an important source of income for many inhabitants. Addtionally, more than half of Panama's inhabitants live in urban areas. This means that while urbanization is still underway a fairly large proportion of inhabitants still live in rural areas.

Panama: Total population from 2014 to 2024

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Release date

October 2019



Survey time period

2014 to 2018

Supplementary notes

Due to the high level of uncertainty in current global economic conditions, the IMF does not offer projections for this economic indicator at this time. Data will be updated as soon as they are available.

* Estimate.

Figures have been rounded.

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Statistics on "Panama"

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