The population of Panama is expected to grow by 59,000 in 2026 and reach 4,714,000 in 2027. Migration (including immigration and emigration) increases population by 4,530 people yearly. The population density of Panama has changed from 26.6 in 1980 to 61.0 in 2024.
| Current population | 4,659,041 people at present (Sunday 25th of January 2026) | |
| Median Age | 33.6 years |
| Population density | 62.6 per km2 |
| Year | Population | Year change | Migrants | Median age | Fertility rate | Density (Ppl/km2) | Urban population |
|---|---|---|---|---|---|---|---|
| 2026 | 4,655,000 | 59,000 (1.3%) | 4,530 | 33.6 | 63 | 3,260,000 (70.0%) | |
| 2025 | 4,596,000 | 60,000 (1.3%) | 4,530 | 33.4 | 2.30 | 62 | 3,203,000 (69.7%) |
| 2024 | 0 | 0 (0.0%) | 5,776 | 33.2 | 61 | 3,147,000 (69.4%) | |
| 2023 | 0 | 0 (0.0%) | 5,776 | 32.9 | 60 | 3,091,000 (69.1%) | |
| 2022 | 0 | 0 (0.0%) | 5,776 | 32.7 | 59 | 3,035,000 (68.8%) | |
| 2021 | 0 | 0 (0.0%) | 5,776 | 32.5 | 59 | 2,978,000 (68.4%) | |
| 2020 | 4,289,000 | 63,000 (1.5%) | 5,776 | 32.3 | 2.41 | 58 | 2,922,000 (68.1%) |
| 2019 | 0 | 0 (0.0%) | 6,290 | 32.0 | 2.44 | 57 | 2,866,000 (67.8%) |
| 2018 | 0 | 0 (0.0%) | 6,290 | 31.8 | 2.46 | 56 | 2,810,000 (67.5%) |
| 2017 | 0 | 0 (0.0%) | 6,290 | 31.5 | 2.49 | 55 | 2,754,000 (67.2%) |
| 2016 | 0 | 0 (0.0%) | 6,290 | 31.3 | 2.51 | 54 | 2,698,624 (66.9%) |
| 2015 | 3,969,249 | 65,263 (1.6%) | 6,290 | 31.1 | 2.54 | 53 | 2,643,202 (66.6%) |
| 2010 | 3,643,222 | 63,837 (1.8%) | 5,621 | 30.0 | 2.62 | 49 | 2,372,284 (65.1%) |
| 2005 | 3,330,465 | 60,924 (1.8%) | 4,449 | 28.8 | 2.65 | 45 | 2,120,474 (63.7%) |
| 2000 | 3,030,347 | 59,150 (2.0%) | 3,224 | 27.7 | 2.74 | 41 | 1,884,815 (62.2%) |
| 1995 | 2,739,730 | 55,547 (2.0%) | 1,959 | 26.7 | 2.85 | 37 | 1,592,906 (58.1%) |
| 1990 | 2,471,009 | 51,518 (2.1%) | 391 | 25.7 | 3.06 | 33 | 1,331,948 (53.9%) |
| 1985 | 2,219,276 | 48,867 (2.2%) | -1,879 | 24.7 | 3.41 | 30 | 1,157,197 (52.1%) |
| 1980 | 1,978,578 | 47,189 (2.4%) | -2,541 | 23.8 | 3.88 | 27 | 998,133 (50.4%) |
| 1975 | 1,745,205 | 46,092 (2.6%) | -2,815 | 23.2 | 4.54 | 23 | 855,814 (49.0%) |
| 1970 | 1,519,299 | 42,820 (2.8%) | -2,458 | 22.9 | 5.17 | 20 | 723,794 (47.6%) |
| 1965 | 1,314,626 | 38,350 (2.9%) | -2,538 | 22.8 | 5.64 | 18 | 584,101 (44.4%) |
| 1960 | 1,132,921 | 34,114 (2.9%) | -2,386 | 23.0 | 5.87 | 15 | 467,319 (41.2%) |
In 2025 the population of Panama was 4,596,000 and the average age increased from 23.0 in 1960 to 33.4. Urban population has increased from 1,884,815 (62.2%) in 2000 to 3,260,000 (70.0%) in the current year. The population density of Panama has changed from 26.6 in 1980 to 61.0 in 2024.
| Year | Population | Year change | Migrants | Median age | Fertility rate | Density (Ppl/km2) | Urban population |
|---|---|---|---|---|---|---|---|
| 2020 | 0 | 0 (0.0%) | 5,776 | 32.3 | 2.41 | 58 | 2,922,000 (68.1%) |
| 2025 | 0 | 0 (0.0%) | 4,530 | 33.4 | 2.30 | 62 | 3,203,000 (69.7%) |
| 2030 | 4,884,000 | 56,000 (1.2%) | 3,427 | 34.7 | 2.21 | 66 | 3,482,000 (71.3%) |
| 2035 | 5,151,000 | 52,000 (1.0%) | 3,427 | 35.8 | 2.13 | 69 | 3,754,000 (72.9%) |
| 2040 | 5,399,000 | 48,000 (0.9%) | 3,427 | 37.0 | 2.06 | 73 | 4,016,000 (74.4%) |
| 2045 | 5,626,000 | 44,000 (0.8%) | 3,427 | 38.1 | 2.01 | 76 | 4,267,000 (75.9%) |
| 2050 | 5,827,000 | 38,000 (0.7%) | 3,427 | 39.2 | 1.96 | 78 | 4,502,000 (77.3%) |
The life expectancy at birth should reach 84.0 (82.2 years for male and 85.9 years for females). Population density will go up to 78.4 people per square kilometer.
The demographics of Panama constitutes of 2,328,000 women and 2,327,000 men, which means there are 1,000 men per 1000 women. As far as age distribution goes, 33.0% of population (1,538,012) is 19 or younger, 56.8% of population (2,645,902) is between age 20 and 64 and 10.1% of population (468,759) is over 65.