Panama: Population, Economy & Travel Facts

Essential data for planning your trip to Panama — from population and demographics to economic indicators, healthcare infrastructure, tourism trends, and digital connectivity.

Population & Geography

Population
4,176,873
#127 of 197 countries
Area
75,420 km²
#121 of 248 countries
Density
55.4 / km²
#155 of 245 countries

Panama has a population of 4,176,873 spread across 75,420 km², giving it an average density of 55.4 people per km².

Demographics

Median Age
31.7
Life Expectancy
79.2 yrs
Literacy Rate
96.3%
Government
presidential republic
Ethnic Groups
Religions
GDP by Sector

Population Trends

How a country's age structure is shifting tells you a lot about what to expect on the ground. A growing elderly population often means better healthcare and higher costs, while a young population signals energy and growth but potentially less developed infrastructure.

Age Structure Over Time
Population Growth Rate (%)
Urban vs Rural (%)
Birth & Death Rates (per 1,000)

Economy & Cost of Living

Understanding the local economy helps travellers budget effectively and set expectations. Panama is classified as a high income country by the World Bank. Prices are roughly 47% of US levels, meaning costs are moderate and most travellers will find it reasonably affordable.

Income Level
High income
GDP per Capita
$18,797
Cost of Living
47% of US
Inflation
1.5%
Inequality
48.9
High
GDP per Capita (USD)
GDP Growth (%)
Inflation Rate (%)
Employment
GDP/Capita (PPP)
$36,400
Unemployment
6.6%

Tourism

Tourism data reveals how popular a destination is and how much infrastructure exists to support visitors. Tourism accounts for 9.3% of Panama's total exports, making it a significant contributor to the economy with solid visitor infrastructure.

Tourism Revenue
$1,841,000,000
Tourism % of Exports
9.3%
Outbound Tourists
401,000
Air Passengers
15,750,293
International Tourist Arrivals
Tourism Receipts (USD)
Air Passengers Carried
Tourism as % of Exports

Health & Safety Infrastructure

Healthcare quality matters when you're far from home. These indicators help gauge what level of medical care is available — Panama has 1.62 physicians per 1,000 people, near the global average. Standard travel insurance should suffice.

Physicians
1.62/1k
Hospital Beds
1.95/1k
Health Spend
$1558/person
Infant Mortality
10.6/1k
Immunization
93%
Safe Drinking Water
95.3%
Basic Sanitation
89.1%
Health Expenditure per Capita (USD)
Hospital Beds per 1,000

Connectivity & Digital Infrastructure

Staying connected while travelling is essential for navigation, communication, and remote work. In Panama, 69% of the population uses the internet — WiFi is available in cities and tourist areas, but coverage may be patchy in rural regions. There are 157 mobile subscriptions per 100 people, and local SIM cards are easy to find.

Internet Users
68.6%
Mobile Subs
157/100
Broadband
18.1/100
Electricity Access
97.0%
Internet Users (%)
Urbanization (%)

Source: World Bank Open Data