Panama Population Pyramid 2032
Panama in 2032
By 2032, the population of Panama is expected to reach 4,932,075. Ten years before, in 2022, the projected population is 4,400,773 — 12.1% lower.
With a projected median age of 33.6 years, Panama would have a youth dependency ratio of 33.2 and an old-age dependency ratio of 18.4 per 100 people of working age. The near-vertical sides of the pyramid indicate a stationary age structure, with births roughly balancing the passage of cohorts into older age.
Data source: United Nations World Population Prospects, 2024 revision (medium variant) — last updated July 2024.
In 2023 women in Panama had on average 2.12 children, above the replacement level of 2.1.
Source: World Bank World Development Indicators, latest available year.
Life expectancy at birth was 79.6 years in 2023: 82.6 for women and 76.7 for men.
Source: World Bank World Development Indicators, latest available year.
475,936 immigrants live in Panama, 10.5% of the population.
| Venezuela | 182,386 |
| Colombia | 77,349 |
| China | 34,214 |
| United States of America | 25,732 |
| Nicaragua | 23,672 |
194,645 people born in Panama live in other countries.
| United States of America | 161,903 |
| Costa Rica | 16,546 |
| Colombia | 3,506 |
| Mexico | 2,241 |
| Italy | 1,170 |
Source: United Nations International Migrant Stock 2024.
| Country | Population | Median age | Relative size |
|---|---|---|---|
| Panama | 4,932,075 | 33.6 | |
| Costa Rica | 5,283,808 | 39.8 | |
| El Salvador | 6,525,797 | 32.2 | |
| Nicaragua | 7,604,396 | 29.4 | |
| Belize | 459,518 | 31.2 |





