Panama Population Pyramid 2035
Panama in 2035
By 2035, the population of Panama is expected to reach 5,072,263. That would be 11.0% more than in 2025 (4,571,189).
With a projected median age of 34.5 years, Panama would have a youth dependency ratio of 32.1 and an old-age dependency ratio of 20.2 per 100 people of working age. The pyramid is stationary: cohort sizes are roughly even through the younger ages, reflecting fertility close to replacement level and slow population change.
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 | 5,072,263 | 34.5 | |
| Costa Rica | 5,324,699 | 41.3 | |
| El Salvador | 6,578,181 | 33.6 | |
| Nicaragua | 7,836,703 | 30.5 | |
| Belize | 473,133 | 32.6 |





