Panama Population Pyramid (2026)
Panama has a population of 4,625,717 in 2026, according to the UN World Population Prospects 2024 (projection for 1 July). That is the 127th-largest population in the world and 0.06% of the global total of 8.30 billion. Children under 15 make up 24.1% of the population and people aged 65 and over 10.0%, with 100.0 males for every 100 females.
Panama Demographics
Panama has 4.6 million people in 2026, up 205.7% from 1.5 million in 1970.
Births outnumber deaths by 48,349 (UN projection for 2026).
65+ share 10.0% — the 81st-highest of 194 countries.
Median age 30.6 — the 92nd-highest of 194 countries.
Largest generation: Gen Z — 25.3% (1,168,048)
All generations in Panama →Population pyramid, 1950 to 2026
Watch how Panama's population structure evolved from 1950 to 2026
Page Navigation(Quick jump to sections)
Sex Ratio & Gender Distribution
Panama has 100.0 males per 100 females (sex ratio)
Women outnumber men by 513 (0.0% of the population).
Male Statistics
- Population:2,312,602
- Percentage:50.0%
Female Statistics
- Population:2,313,115
- Percentage:50.0%
- Ratio Format:1:1.000
Sex Ratio Analysis
The sex ratio of Panama indicates more females than males.
Birth Statistics & Natality Data
Estimated births today
Simulated from the UN WPP 2024 projection of 71,573 births in 2026.
Current Birth Metrics (2026)
Temporal Distribution
Averages from the UN annual births, 2026 projection
Historical Birth Rate Trends, 1950 to 2026
Birth Statistics, 2021 to 2026
| Year | Births | Birth Rate (per 1,000) | TFR (children/woman) | Type |
|---|---|---|---|---|
| 2021 | 71,269 | 16.4 | 2.15 | estimate |
| 2022 | 71,463 | 16.2 | 2.14 | estimate |
| 2023 | 71,469 | 16.0 | 2.12 | estimate |
| 2024 | 71,650 | 15.9 | 2.11 | projection |
| 2025 | 71,610 | 15.7 | 2.09 | projection |
| 2026 | 71,573 | 15.5 | 2.07 | projection |
Historical Analysis
Global Context (2026)
Source: UN WPP 2024: births, birth rate and fertility for 2024 and later are medium-variant projections; 1950–2023 are estimates. The live counter is a uniform simulation of the 2026 projection (71,573 births), not a real-time feed.
Median Age Analysis
Panama's median age is 30.6 years
Half the population is younger than 30.6 years, half is older — indicating a young society
Complete Age Distribution & Youth Demographics
| Age Group | Population | % | Category |
|---|---|---|---|
| 0-4 | 355,077 | 7.7% | Youth |
| 5-9 | 373,882 | 8.1% | Youth |
| 10-14 | 387,986 | 8.4% | Youth |
| 15-19 | 372,653 | 8.1% | Young Adult |
| 20-24 | 361,528 | 7.8% | Young Adult |
| 25-29 | 352,980 | 7.6% | Working Age |
| 30-34 | 339,802 | 7.3% | Working Age |
| 35-39 | 326,956 | 7.1% | Working Age |
| 40-44 | 309,275 | 6.7% | Working Age |
| 45-49 | 280,334 | 6.1% | Working Age |
| 50-54 | 263,402 | 5.7% | Working Age |
| 55-59 | 238,037 | 5.1% | Working Age |
| 60-64 | 202,251 | 4.4% | Working Age |
| 65-69 | 157,823 | 3.4% | Senior |
| 70-74 | 119,783 | 2.6% | Senior |
| 75-79 | 84,115 | 1.8% | Senior |
| 80-84 | 54,268 | 1.2% | Senior |
| 85-89 | 30,213 | 0.7% | Senior |
| 90-94 | 11,849 | 0.3% | Senior |
| 95-99 | 3,048 | 0.1% | Senior |
| 100+ | 454 | 0.0% | Senior |
Demographic Transition Model (DTM) Stage
Stage 4 (low birth and death rates): fertility is below the replacement level of 2.1 (2.07 children per woman), and births still exceed deaths (15.5 vs 5.0 per 1,000). Read more about Stage 4 of the Demographic Transition Model.
Fertility Rate & Birth Statistics
Panama Total Fertility Rate: 2.07 children per woman
Below the replacement level of 2.1
Fertility Rate Trends
Historical data (solid line) and future projections (dashed line)
Historical Fertility Trends
| Year | Total Fertility Rate | Birth Rate | Change |
|---|---|---|---|
| 2021 | 2.15 | 16.4 | |
| 2022 | 2.14 | 16.2 | ↓0.01 |
| 2023 | 2.12 | 16.0 | ↓0.02 |
| 2024 | 2.11 | 15.9 | ↓0.01 |
| 2025 | 2.09 | 15.7 | ↓0.02 |
| 2026 | 2.07 | 15.5 | ↓0.02 |
Global Context
- • World Average: 2.23 children per woman
- • Comparison: Below global average
- • UN projection for 2030: 2.01
Panama's total fertility rate is 2.07 children per woman in 2026 (below replacement), below the replacement level of 2.1. Panama ranks 94 of 194 for fertility rate (1 = highest), in the middle third of countries. The fertility rate has changed by −62.8% since 1950.
Historical Demographic Changes
Between 1950 and 2026, Panama's population has increased by 437.3%.
The median age has increased from 17.7 in 1950 to 30.6 in 2026, indicating population aging.
Understanding Panama's Demographics
Panama has a stationary population pyramid — similar-sized bands from the youngest cohorts through the working ages.
Children under 15 make up 24.1% of the population and people aged 65 and over 10.0%.
The largest five-year age band is 10–14, at 8.4% of the population, compared with 7.7% in the 0–4 band.
Demographic Analysis: Panama's Population Structure
Demographic Dividend Window
The working-age share is still rising, from 65.0% in 2016 to 65.9% in 2026 (dependency ratio 51.8).
Fertility Transition Stage
Panama is in a period of below replacement, with a total fertility rate of 2.07 children per woman (2026, UN WPP 2024).
Population Aging Speed
Panama's median age changed by +3.1 years from 2016 to 2026, faster than the world average (+2.6 years).
Key Demographics
| Total Population | 4,625,717 |
| Male Population | 2,312,602(50.0%) |
| Female Population | 2,313,115(50.0%) |
| Median Age | 30.6 years |
| Sex Ratio | 100.0 males per 100 females |
| Youth (0-14) | 1,116,945(24.1%) |
| Working Age (15-64) | 3,047,219(65.9%) |
| Elderly (65+) | 461,553(10.0%) |
| Total Dependency Ratio | 51.8 |
| Youth Dependency Ratio | 36.7 |
| Old Age Dependency Ratio | 15.1 |
| Pyramid Type | Stationary |
Dependency Ratios: Number of dependents per 100 working-age individuals.
Demographic Data Visualizations
Total population, 1950–2026 (UN WPP 2024; 2024 onward are projections).
Median age, 1950–2026 (UN WPP 2024; 2024 onward are projections).
Youth, working-age and elderly shares, 1950 vs 2026 (UN WPP 2024).
Age distribution in 2026: youth, working-age and elderly shares (UN WPP 2024; projection).
Life Expectancy in Panama
How long the average person in Panama is expected to live · sourced from UN WPP 2024
Historical Trend, 1950 → 2026 (plus UN projection to 2100)
Solid: actual · Dashed: medium-variant projectionFuture Demographic Trends
Panama is projected to grow to 5.6 million people by 2050 (+21.7% from 2026).
The median age rises from 30.6 in 2026 to 38.2 by 2050.
Panama's Demographic Evolution by Decade
The population increased by 29.4%, growing from 1.5 million in 1970 to 2.0 million by 1980
The median age increased by 1.5 years, indicating population aging during this period
The youth population share contracted by 3.7 percentage points.
Key Demographic Highlights
- • Population changed from 1.5M to 2.0M
- • Growth rate of 29.4% over the decade
- • Median age shifted from 16.5 to 18.0 years (+1.5y)
- • 65+ share changed by +0.4 points; under-15 share by −3.7 points
Frequently Asked Questions About Panama
How does Panama rank globally by population?
Panama ranks 127th in the world by population with 4.63 million people as of 2026, representing 0.06% of the global total of 8.30 billion.
What does Panama's age structure reveal about its development?
Panama's age structure — 24.1% under 15, 65.9% working-age (15–64) and 10.0% aged 65+ — is that of a country in Stage 4 of the demographic transition, with a stationary population pyramid. The median age is 30.6 years.
What is the dependency ratio in Panama?
Panama has 51.8 people under 15 or aged 65+ per 100 people aged 15–64 in 2026.
Is Panama experiencing a demographic dividend?
Panama is in its demographic-dividend window. The working-age share is still rising, from 65.0% in 2016 to 65.9% in 2026 (dependency ratio 51.8). The demographic dividend occurs when falling fertility creates a bulge in the working-age population while dependency ratios stay manageable.
What are the gender dynamics in Panama's population?
Panama has more females than males, with 100.0 males per 100 females.
Compare with Other Countries
Data Sources & Methodology
All population data is sourced from the United Nations Department of Economic and Social Affairs, Population Division. The data represents UN medium-variant projections.
Cite this page: Population Pyramids. (2026). Panama Population Pyramid and Demographic Analysis. Retrieved from https://www.populationpyramids.org/panama
View UN World Population Prospects Data →