Panama
ISO3: PAN • Latin America & Caribbean • High income
Panama is a high income economy in Latin America & Caribbean. It has a population of about 4,515,577 and a GDP of $86.52 billion.
Explore 262 World Bank indicators for Panama below.
Panama at a Glance
- Capital
- Panama City
- Population
- 4,515,577
- Area
- 75,417 km²
- 59.9 /km²
- Currency
- PAB Panamanian balboa
- Languages
- Spanish
- ISO codes
- PAN · PA
Key Development Indicators
Economy
GDP (current US$)
86.52B
2024
Economy
GDP per capita (current US$)
19,161.22
2024
Health & Population
Population, total
4.52M
2024
Health & Population
Life expectancy at birth, total (years)
79.78
2024
Economy
Inflation, consumer prices (annual %)
0.69
2024
Labor & Business
Unemployment, total (% of total labor force) (modeled ILO estimate)
8.36
2025
Education
Literacy rate, adult total (% of people ages 15 and above)
96.23
2024
Technology
Individuals using the Internet (% of population)
72.77
2024
Energy
Access to electricity (% of population)
97.00
2023
Economy
Trade (% of GDP)
83.67
2024
Health & Population
Maternal mortality ratio (modeled estimate, per 100,000 live births)
37.00
2023
Health & Population
Urban population (% of total population)
66.00
2024
Other Countries in Latin America & Caribbean
The World Bank's Latin America & Caribbean region covers countries at various stages of economic development. Compare Panama with its regional peers using the comparison tool.
Frequently asked questions about Panama
- What is the population of Panama?
- Panama has a population of approximately 4,515,577, according to the most recent World Bank data.
- What is the capital of Panama?
- The capital of Panama is Panama City.
- What region is Panama in?
- The World Bank places Panama in the Latin America & Caribbean region.
- What income group is Panama in?
- The World Bank classifies Panama as a High income economy.
- What currency does Panama use?
- Panama uses the Panamanian balboa (PAB).
Data sourced from the World Bank Open Data portal. Values represent the most recent available year. NULL or missing values indicate data is suppressed, not collected, or not applicable for this country.