Panama: key statistics
Latin America & Caribbean · High income · capital Panama City
Panama has a GDP of $86.5B and a GDP per capita of $19,161, with a population of about 4.5 million (World Bank, latest available year). Life expectancy is 79.8 years. Among countries with data, Panama ranks #79 of 214 by GDP, #75 of 214 by GDP per capita, #128 of 217 by population. Full indicator table, peer countries and head-to-head comparisons are below.
Source: World Bank Open Data. Data as of June 2026.
Panama at a glance
| Indicator | Value | Year |
|---|---|---|
| GDP (current US$) | $86.5B | 2024 |
| GDP per capita (current US$) | $19,161 | 2024 |
| Population, total | 4,515,577 | 2024 |
| Population growth (annual %) | 1.3% | 2024 |
| GDP growth (annual %) | 2.7% | 2024 |
| Inflation, consumer prices (annual %) | 0.7% | 2024 |
| Unemployment, total (% of labour force, modelled ILO) | 8.4% | 2025 |
| Life expectancy at birth, total (years) | 79.8 | 2024 |
| Individuals using the Internet (% of population) | 72.8% | 2024 |
| Urban population (% of total) | 66.0% | 2024 |
| CO2 emissions per capita (tonnes) | 2.74 | 2024 |
Source: World Bank Open Data (CC BY 4.0). Data as of June 2026.
Each value is the most-recent year the World Bank reports for Panama (the year column), so figures are not all from the same year. A dash (—) means no value is reported.
How Panama ranks
- GDP: #79 of 214 ($86.5B)
- GDP per capita: #75 of 214 ($19,161)
- Population: #128 of 217 (4.5 million)
- Life expectancy: #55 of 217 (79.8 years)
Panama vs its peers
The 6 countries in Latin America & Caribbean with the closest GDP per capita to Panama:
| Country | GDP per capita | Population | Life expectancy |
|---|---|---|---|
| Panama (this country) | $19,161 | 4.5 million | 79.8 |
| Trinidad and Tobago | $18,733 | 1.4 million | 73.6 |
| Costa Rica | $18,587 | 5.1 million | 81.0 |
| Chile | $16,710 | 19.8 million | 81.4 |
| St. Martin (French part) | $21,668 | 26,129 | 80.4 |
| Curacao | $22,833 | 155,967 | 77.0 |
| Antigua and Barbuda | $23,542 | 93,772 | 77.8 |
See every country in this region on the Latin America & Caribbean hub.
Compare Panama head to head
Frequently asked questions
What is the GDP of Panama?
Panama's GDP is $86.5B (2024) in current US dollars (World Bank). GDP per capita is $19,161 (2024). That ranks Panama #79 of 214 economies with reported GDP.
What is the population of Panama?
Panama has a population of about 4.5 million (2024), per World Bank data. It is the #128 most populous of 217 countries.
What region and income group is Panama in?
The World Bank places Panama in the Latin America & Caribbean region and classifies it as a high income economy. Its capital is Panama City.
How long do people live in Panama?
Life expectancy at birth in Panama is 79.8 years (2024, World Bank). That ranks #55 of 217.
Sources & notes
Data: World Bank Open Data, Indicators API (CC BY 4.0), retrieved June 2026. Values are each indicator's most-recent non-empty year for Panama, so the reference year varies by indicator (shown in the table). Figures are nominal (current US$) unless noted; see our methodology. Browse all 217 countries.
Last updated: 2026-06-20