Panama Population Pyramid 2040
Panama in 2040
By 2040, the population of Panama is expected to reach 5,286,592. Compared with 2030, when the projection stands at 4,833,858, that represents growth of 9.4% over ten years.
With a projected median age of 36.1 years, Panama would have a youth dependency ratio of 31.1 and an old-age dependency ratio of 23.4 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 | 5,286,592 | 36.1 | |
| Costa Rica | 5,369,806 | 43.7 | |
| El Salvador | 6,640,752 | 35.8 | |
| Nicaragua | 8,189,915 | 32.3 | |
| Belize | 491,595 | 34.9 |





