Panama
Country statistics · 1990–present
Panama at a Glance
Panama is home to 4.5 million people as of 2024, with a population that is growing rapidly. At a GDP per capita of $24,094, it is an upper-middle-income economy — reflecting a developed economy with strong living standards. Life expectancy at birth stands at 79.8 years, above the global average.
Population Trends
The total resident population stood at 4.5 million as of 2024. With a birth rate of 15.9 and a death rate of 4.9 per 1,000 people (2024), the natural growth rate stands at 11.0 per 1,000 — equivalent to roughly 49,000 additional residents each year from natural change alone.
Economy & Development
Panama is a smaller economy, with a total GDP that is projected at $115 billion (2029 IMF projection). At $24,094 per person, it is classified as an upper-middle-income economy — reflecting a developed economy with strong living standards. Real GDP growth is projected at 4.8% in 2029, representing solid growth. The unemployment rate is projected at 7.8% (2029 IMF projection), indicating moderate unemployment.
Health & Society
Life expectancy at birth is 79.8 years (2024), above the global average. Current health expenditure per person is $1,558 (2023), representing moderate per-capita healthcare spending. The adult literacy rate stands at 96.2% (2024), reflecting high literacy rates. 72.8% of the population use the internet (2024), indicating strong digital connectivity.