Panama
Panama City · Americas · Central America
Population
4.1M
World Bank, 2025
Area
75,417 km²
GDP
$86.5B
World Bank, 2025
GDP Per Capita
$19,161.219
World Bank, 2025
Life Expectancy
79.6 yrs
World Bank, 2025
Capital
Panama City
Panama is a country located in Central America, with its capital in Panama City. As of 2025, it has a population of 4.1M and covers an area of 75,417 km². The economy of Panama has a gross domestic product (GDP) of $86.5B (World Bank, 2025), translating to a per-capita income of $19,161.219 with annual economic growth of 2.7%. Life expectancy in Panama stands at 79.6 years (World Bank, 2025), above the global average of 72 years. The official language is Spanish, and the currency is the Panamanian balboa (B/.). Panama shares land borders with 2 countries.
Population Growth
Panama, 1994 to 2023
GDP Trend (USD)
Last 15 years
How to Call Panama
The international calling code for Panama is +507. When calling from abroad, first dial your country's exit code (for example, 00 in Europe), then 507, then the local number.
Country Code
+507
Exit Code
00
Trunk Prefix
None
Format
+507 6XXX-XXXX
Mobile Prefixes
6
Example: To call a number in Panama from abroad, dial +507 6555-5555
How Large Is Panama's Economy?
Panama's GDP of $86.5B makes it a high-income economy by World Bank classification. GDP per capita of $19,161 is 42% above the regional average of 13,500 (World Bank, 2025). The economy has grown 79% over the past decade, from $46.9B in 2013 to $83.8B in 2023. The most recent annual growth rate of 2.7% is below the global median of 3.1% (World Bank, 2025). The unemployment rate of 8.4% is 21% above the regional average of 6.9 (World Bank, 2025). Inflation of 0.7% is within the 2-3% range considered stable by most central banks. Panama's official currency is the Panamanian balboa (B/.). As a UN member, Panama participates in multilateral trade frameworks.
GDP
$86.5B
World Bank, 2025
GDP Per Capita
$19,161.219
World Bank, 2025
GDP Growth
2.7%
Unemployment
8.4%
Inflation
0.7%
Currencies
PAB
GDP Trend (USD)
Last 15 years
What Are Panama's Demographics?
With 4.1M people, Panama is a nation of 4.1M people. At 54 people per km², the country is moderately populated. Population has grown at 1.5% annually over the past decade (World Bank, 2025). Life expectancy stands at 79.6 years, 7.6 years above the global average of 72 years. Infant mortality of 10.6 per 1,000 live births is 12% below the regional average of 12 (World Bank, 2025). The country's official language is Spanish. Over the past decade, Panama's population grew from 2.7M to 4.5M, adding 1.8M people.
Population
4.1M
World Bank, 2025
Life Expectancy
79.6 yrs
World Bank, 2025
Infant Mortality
10.6 per 1k
Literacy Rate
—
Languages
Spanish
CO₂ Per Capita
—
Population Growth
Panama, 1994 to 2023
Where Is Panama Located?
Panama covers 75,417 km² (29,000 sq miles) and shares land borders with 2 countries. The country sits within the Americas region, Central America subregion, spanning North America. Panama City serves as the seat of government and administrative capital of Panama. The country spans 1 time zone. Recognized internationally by ISO codes PA and PAN, Panama is an independent sovereign state and a full UN member. Its 2 currencies (PAB, USD) reflect its participation in multilateral trade and monetary frameworks.
Area
75,417 km²
Region
Americas
Subregion
Central America
Capital
Panama City
Timezones
UTC-05:00
Continents
North America
Border Countries
Data sourced from World Bank Open Data. Last updated: April 2026.
Frequently Asked Questions about Panama
What is the population of Panama?
Panama has a population of 4.1M as of 2025, according to World Bank data. Life expectancy is 79.6 years.
What is the capital of Panama?
The capital of Panama is Panama City. It serves as the country's administrative and political center.
What is the GDP of Panama?
Panama's GDP is $86.5B as of 2025 (World Bank). GDP per capita is $19,161.219. The economy grew at 2.7% in 2025.
What is the life expectancy in Panama?
The average life expectancy in Panama is 79.6 years (World Bank, 2025), above the global average. The infant mortality rate is 10.6 per 1,000 live births.
What region is Panama in?
Panama is located in Americas, specifically in Central America. It is part of the continent of North America.
What is the size of Panama?
Panama covers an area of 75,417 km² (29,119 square miles). The population density is approximately 53.9 people per km².
What currency does Panama use?
Panama uses the Panamanian balboa (B/.) with currency code PAB.
What language is spoken in Panama?
The official language of Panama is Spanish.
Is Panama a member of the United Nations?
Yes, Panama is a member of the United Nations.
What is Panama's GDP?
Panama's GDP is $86.5B (World Bank, 2025). This places it among Americas's economies by total output.
What is Panama's GDP per capita?
Panama's GDP per capita is $19,161, which is 42% above the regional average of 13,500 (World Bank, 2025).
What is Panama's inflation rate?
Panama's inflation rate is 0.7%, within the 2-3% range considered stable by most central banks (World Bank, 2025).
What is the population density of Panama?
Panama has a population density of 54 people per km², making it moderately populated.
What is the life expectancy in Panama?
Life expectancy in Panama is 79.6 years, 7.6 years above the global average of 72 years (World Bank, 2025).
What is the total area of Panama?
Panama has a total land area of 75,417 km² (29,000 sq miles). This measurement covers the country's total sovereign territory as recorded by international geographic databases.
How many countries does Panama border?
Panama shares land borders with 2 countries (identified by the ISO 3166-1 alpha-3 codes: COL, CRI). These borders define the country's overland connections to the wider region.
What is the calling code for Panama?
The international calling code for Panama is +507. To call Panama from abroad, dial your country's exit code (00), then 507, followed by the local number.
How do I call Panama from the US?
To call Panama from the United States, dial 011 + 507 + the local phone number. For example: 011-507-6555-5555.
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