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Panama
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 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