The population of Panama is expected to grow by 64,000 in 2018 and reach 4,226,000 in 2019. Migration (including immigration and emigration) increases population by 6,290 people yearly. On average there are 78,867 births and 21,121 deaths in Panama per year. Rate of natural increase is approximately 1.39 percent per year. The population density of Panama has changed from 26.6 in 1980 to 54.3 in 2016.
| Current population | 4,223,238 people at present (Saturday 15th of December 2018) | |
| Median Age | 31.8 years |
| Life expectancy | 78.4 years | |
| Population density | 56.0 per km2 |
| Year | Population | Year change | Migrants | Median age | Fertility rate | Density (Ppl/km2) | Urban population |
|---|---|---|---|---|---|---|---|
| 2018 | 4,163,000 | 64,000 (1.5%) | 6,290 | 31.8 | 2.46 | 56 | 2,810,000 (67.5%) |
| 2017 | 4,099,000 | 64,881 (1.6%) | 6,290 | 31.5 | 2.49 | 55 | 2,754,000 (67.2%) |
| 2016 | 4,034,119 | 64,870 (1.6%) | 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 2017 the population of Panama was 4,099,000 and the average age increased from 23.0 in 1960 to 31.5. Urban population has increased from 1,884,815 (62.2%) in 2000 to 2,810,000 (67.5%) in the current year. The population density of Panama has changed from 26.6 in 1980 to 54.3 in 2016.
| 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 1.56% (64,881 residents, including 20,256 deaths). The demographics of Panama constitutes of 2,077,000 women and 2,085,000 men, which means there are 1,004 men per 1000 women. As far as age distribution goes, 35.5% of population (1,477,032) is 19 or younger, 56.3% of population (2,345,018) is between age 20 and 64 and 8.1% of population (338,036) is over 65.