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Panama

Last update: 2026-04-03

Panama Geographical location

Panama Economy and finance

Currency
US Dollar (USD)
Average monthly income (USD, gross)
$1280 (2024)
Inflation rate
0.7% (2024)
Unemployment rate
6.5% (2024)
Below the poverty line
21.8% (2021)
Gini coefficient
48.9 (2023)

Panama Tobacco consumption

Total tobacco consumption
4.5%
Smoking men
1.7%
Smoking women
7.4%
Current as of
2025

Panama Area (sq. km)

Total area
75420
Land area
74340
Water area
1080

Panama Popular payment systems

Panama Popular social networks and messengers

Panama Age structure

0-14 years
25%
15-64 years
64.8%
65+ years
10.1%
Current as of
2024

Panama Religion

Main religion
Christianity
Non-religious
10.1%
Not specified
1.5%
Current as of
2023

Panama General Info

Сontinent
North America
Time zone
UTC−5
Tier
Tier-2
ISO code
PA
Capital
Panama
Official language
Spanish

Panama Average consumer spendings

Food products
15.4%
Alcohol and tobacco
1.6%
Current as of
2023

Panama Alcohol consumption per capita (liters per year)

Total quantity
6.54
Beer
5.29
Wine
0.02
Spirits
1.2
Other alcohol
0.02
Current as of
2019

Panama Population and society

Population size
4470241 (2024)
Male population
2251257
Female population
2218984
Population growth rate
1.48% (2024)
Birth rate (per 1,000 people)
17.4 (2024)
Death rate (per 1,000 people)
5.4 (2024)
Urbanization
69.5% (2023)

Panama Credit ratings

Fitch
BBB (2011)
Moody's
Baa1 (2019)
Standard & Poor's
BBB (2020)

Panama Age-sex pyramid

Panama Phone operating systems

Android
72.48%
iOS
27.29%
Current as of
2025

Panama Internet and telecommunications

Telephone code
+507
Internet domain
.pa
Number of mobile phones (per 100 inhabitants)
18 (2023)
Internet user penetration
78%
Fixed internet penetration
18%
Current as of
2023

Last update: 2026-04-03

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