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.

Most Populous Cities

Panama City
408,168
5552 / km²
Juan Díaz
100,636
2621 / km²
David, Chiriquí
81,957
4054 / km²
Colón, Panama
76,643
6877 / km²
La Chorrera
61,232
5295 / km²
Santiago de Veraguas
45,355
1472 / km²
Ancón, Panama
20,706
985 / km²
Changuinola
17,997
1224 / km²
Penonomé, Coclé
16,250
2806 / km²
Puerto Armuelles
11,743
1819 / km²

Demographics

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

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