Panama Population 2026
As of 2025, Panama's population is estimated at 4,515,577, reflecting a 1.27% increase from the previous year. The country is classified as a high-income nation within the Latin America & Caribbean region, ranking 128th globally in population size. Over the past decade, Panama has experienced an average annual growth rate of 1.50%, indicating sustained demographic expansion.
Population Trend (Panama)
Population by Decade
Population milestones
How Panama's population changed across key years (World Bank estimates).
Overview
Panama's population growth has been relatively steady, with a 1-year growth rate of 1.27% in 2025, slightly below the 10-year average of 1.50%. This trend suggests a gradual moderation in population increase, likely influenced by factors such as declining fertility rates and stable migration patterns. As a high-income country in Latin America & Caribbean, Panama benefits from economic development that supports urban concentration, particularly in the Panama City metropolitan area, which attracts both internal and international migrants. The country's demographic profile is shaped by its role as a regional hub for commerce and finance, contributing to a relatively young population structure compared to higher-income nations elsewhere. With a global rank of #128, Panama's population size is modest but significant within Central America, where it serves as a connector between North and South America. The 10-year average growth rate of 1.50% positions Panama among the faster-growing countries in the region, driven by natural increase and net migration. However, the slight dip in the latest annual growth rate to 1.27% may indicate the onset of a demographic transition as the country continues to develop economically and socially.
Key Facts
- Latest population (2025): 4,515,577
- 1-year growth rate (2025): 1.27%
- 10-year average annual growth rate: 1.50%
- Global population rank: #128
- Income group: High income
- Region: Latin America & Caribbean