
View live population, charts & trends: Population of Panama
The median age in Panama is 30.6 years (2026).
A Total Fertility Rate (TFR) of 2.1 represents the Replacement-Level Fertility : the average number of children per woman needed for each generation to exactly replace itself without needing international immigration. A value below 2.1 will cause the native population to decline
See also: Countries in the world ranked by Life Expectancy
Currently, 66.3% of the population of Panama is urban (3,068,402 people in 2026)
The 2026 population density in Panama is 62 people per km² (161 people per mi2), calculated on a total land area of 74,340 km² (28,703 sq. miles).
The 30 largest of 51 urban places, ranked by population at the census of January 8, 2023 (by National Institute of Statistics and Census, Panama).
| Rank | Urban Place | Population |
|---|---|---|
| 1 | Panama Cityincl. Ancón, Las Cumbres, Las Mañanitas, San Miguelito, Tocumen | 1,132,969 |
| 2 | La Chorreraincl. El Coco, Feuillet, Guadalupe, Playa Leona | 205,959 |
| 3 | Colónincl. Cativá, Cristóbal, Puerto Pilón, Sabanitas | 159,157 |
| 4 | Vista Alegreincl. Nuevo Arraiján | 128,973 |
| 5 | Davidincl. Pedregal | 103,915 |
| 6 | Arraijánincl. Burunga | 84,524 |
| 7 | Nueva Esperanza | 62,300 |
| 8 | Chitréincl. La Arena, Llano Bonito, Monagrillo, San Juan Bautista | 57,412 |
| 9 | Las Garzas | 55,031 |
| 10 | Santiago de Veraguasincl. Canto del Llano, San Martín de Porres | 51,339 |
| 11 | Changuinolaincl. El Empalme | 40,086 |
| 12 | Aguadulceincl. Barrios Unidos, Pocrí | 33,708 |
| 13 | Nuevo Chorrillo | 33,140 |
| 14 | Penonoméincl. Vista Hermosa | 31,799 |
| 15 | Chilibre | 28,653 |
| 16 | La Concepciónincl. Bugaba | 26,534 |
| 17 | Chepoincl. Las Margaritas | 22,102 |
| 18 | Las Lomas | 20,318 |
| 19 | Veracruz | 18,679 |
| 20 | San Vicente | 17,058 |
| 21 | Los Algarrobos | 16,279 |
| 22 | Puerto Armuellesincl. El Palmar | 14,663 |
| 23 | Puerto Caimito | 12,626 |
| 24 | Pacora | 11,344 |
| 25 | Volcán | 11,294 |
| 26 | San Antonio | 10,261 |
| 27 | Las Tablas | 10,015 |
| 28 | San JuanBarriada Juan Demóstenes Arosemana | 9,955 |
| 29 | El Espino | 9,868 |
| 30 | Almirante | 8,608 |
A Population pyramid (also called "Age-Sex Pyramid") is a graphical representation of the age and sex of a population.
Types:
Stages:

There are three types of age dependency ratio: Youth, Elderly, and Total. All three ratios are commonly multiplied by 100.
Youth Dependency Ratio
Definition: population ages 0-15 divided by the population ages 16-64.
Formula: ([Population ages 0-15] ÷ [Population ages 16-64]) × 100
Elderly dependency ratio
Definition: population ages 65-plus divided by the population ages 16-64.
Formula: ([Population ages 65-plus] ÷ [Population ages 16-64]) × 100
Total dependency ratio
Definition: sum of the youth and old-age ratios.
Formula: (([Population ages 0-15] + [Population ages 65-plus]) ÷ [Population ages 16-64] ) × 100
NOTE: Dependency Ratio does not take into account labor force participation rates by age group. Some portion of the population counted as "working age" may actually be unemployed or not in the labor force whereas some portion of the "dependent" population may be employed and not necessarily economically dependent.