The population of Panama is expected to grow by 60,000 in 2025 and reach 4,655,000 in 2026. Migration (including immigration and emigration) increases population by 4,530 people yearly. On average there are 78,849 births and 24,437 deaths in Panama per year. Rate of natural increase is approximately 1.18 percent per year. The population density of Panama has changed from 26.6 in 1980 to 60.2 in 2023.
| Current population | 4,599,556 people at present (Wednesday 22nd of January 2025) | |
| Median Age | 33.4 years |
| Life expectancy | 79.7 years | |
| Population density | 61.8 per km2 |
| Year | Population | Year change | Migrants | Median age | Fertility rate | Density (Ppl/km2) | Urban population |
|---|---|---|---|---|---|---|---|
| 2025 | 4,596,000 | 60,000 (1.3%) | 4,530 | 33.4 | 2.30 | 62 | 3,203,000 (69.7%) |
| 2024 | 4,536,000 | 61,000 (1.3%) | 5,776 | 33.2 | 61 | 3,147,000 (69.4%) | |
| 2023 | 4,475,000 | 61,000 (1.4%) | 5,776 | 32.9 | 60 | 3,091,000 (69.1%) | |
| 2022 | 4,414,000 | 62,000 (1.4%) | 5,776 | 32.7 | 59 | 3,035,000 (68.8%) | |
| 2021 | 4,352,000 | 63,000 (1.5%) | 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 2024 the population of Panama was 4,536,000 and the average age increased from 23.0 in 1960 to 33.2. Urban population has increased from 1,884,815 (62.2%) in 2000 to 3,203,000 (69.7%) in the current year. The population density of Panama has changed from 26.6 in 1980 to 60.2 in 2023.
| 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 | 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%) |
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 2,298,000 women and 2,298,000 men, which means there are 1,000 men per 1000 women. As far as age distribution goes, 33.3% of population (1,531,847) is 19 or younger, 56.8% of population (2,611,907) is between age 20 and 64 and 9.9% of population (452,706) is over 65.