The population of Panama is expected to grow by 63,000 in 2020 and reach 4,352,000 in 2021. Migration (including immigration and emigration) increases population by 5,776 people yearly. On average there are 78,677 births and 21,985 deaths in Panama per year. Rate of natural increase is approximately 1.32 percent per year. The population density of Panama has changed from 26.6 in 1980 to 56.0 in 2018.
| Current population | 4,314,890 people at present (Friday 29th of May 2020) | |
| Median Age | 32.3 years |
| Life expectancy | 78.8 years | |
| Population density | 57.7 per km2 |
| Year | Population | Year change | Migrants | Median age | Fertility rate | Density (Ppl/km2) | Urban population |
|---|---|---|---|---|---|---|---|
| 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 2019 the population of Panama was 4,226,000 and the average age increased from 23.0 in 1960 to 32.0. Urban population has increased from 1,884,815 (62.2%) in 2000 to 2,922,000 (68.1%) in the current year. The population density of Panama has changed from 26.6 in 1980 to 56.0 in 2018.
| Year | Population | Year change | Migrants | Median age | Fertility rate | Density (Ppl/km2) | Urban population |
|---|---|---|---|---|---|---|---|
| 2020 | 4,289,000 | 63,000 (1.5%) | 5,776 | 32.3 | 2.41 | 58 | 2,922,000 (68.1%) |
| 2025 | 4,596,000 | 60,000 (1.3%) | 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%) |
Total Panama population should reach 4,289,000 by 2020 and should increase to 5,827,000 people by year 2050. 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 population growth rate is 1.49% (63,000 residents, including 21,121 deaths). The demographics of Panama constitutes of 2,142,000 women and 2,147,000 men, which means there are 1,002 men per 1000 women. As far as age distribution goes, 34.9% of population (1,495,145) is 19 or younger, 56.6% of population (2,426,716) is between age 20 and 64 and 8.6% of population (367,996) is over 65.