Country profile · Latin America & Caribbean · HIC

🇵🇦 Panama

High income. Capital Panama City. Mid-pack GDP/cap (HIC · PEAK) across 39 World Bank / WHO / ILO measures.

4.5 million
Population
$86.5 billion
GDP
$19,161
GDP / capita
79.8 years
Life expectancy
RSS
Latin America & Caribbean High income Capital: Panama City

Mid-pack GDP/cap · PEAK

Panama ranks 79th of 217 by total GDP and 55th for life expectancy - a high income economy in Latin America & Caribbean.

#79
World GDP rank (of 217)
$19,161
GDP per capita
#55
Life-expectancy rank
#128
Population rank

Panama sits in the middle third of GDP/cap (#75 of 214) as a HIC economy with PEAK longevity.

Panama vs all countries by total GDP

Where this economy's World Bank total GDP sits among every country with a positive observation (inventory signal, not a virtue ranking)

$86,523,959,100 79th of 214 higher than 135 of 214 countries

Countries banded by World Bank total GDP (current US$)

Each bar is a $0.001K-wide band; taller bars hold more countries. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count and share, and where it sits relative to this entry.

Source World Bank, GDP (current US$) · 2026-08-14

Panama on the global income map

Panama (PAN) mid GDP/cap pack - GDP per capita × life expectancy vs largest peers; gold rings = OECD.

Panama on the global income map Panama positioned by World Bank GDP per capita and life expectancy against its largest peers. Each point shows the latest available observation year for both measures. 50 60 70 80 90 $200 $1K $10K $100K GDP per capita (USD, log scale) Life expectancy at birth (years) India - GDP/cap $2,695 (2024) · life expectancy 72.2 years (2024) · lower-middle income IND China - GDP/cap $13,303 (2024) · life expectancy 78.0 years (2024) · upper-middle income CHN United States - GDP/cap $84,534 (2024) · life expectancy 78.9 years (2024) · high income · OECD USA Indonesia - GDP/cap $4,925 (2024) · life expectancy 71.3 years (2024) · upper-middle income IDN Pakistan - GDP/cap $1,479 (2024) · life expectancy 67.8 years (2024) · lower-middle income Nigeria - GDP/cap $1,084 (2024) · life expectancy 54.6 years (2024) · low income Brazil - GDP/cap $10,311 (2024) · life expectancy 76.0 years (2024) · upper-middle income Bangladesh - GDP/cap $2,593 (2024) · life expectancy 74.9 years (2024) · lower-middle income Russian Federation - GDP/cap $14,889 (2024) · life expectancy 73.4 years (2024) · high income Ethiopia - GDP/cap $1,134 (2024) · life expectancy 67.6 years (2024) · low income Mexico - GDP/cap $14,186 (2024) · life expectancy 75.3 years (2024) · high income · OECD Japan - GDP/cap $32,487 (2024) · life expectancy 84.0 years (2024) · high income · OECD Egypt, Arab Rep. - GDP/cap $3,338 (2024) · life expectancy 71.8 years (2024) · lower-middle income Philippines - GDP/cap $3,985 (2024) · life expectancy 69.9 years (2024) · lower-middle income Congo, Dem. Rep. - GDP/cap $693 (2024) · life expectancy 62.1 years (2024) · low income Viet Nam - GDP/cap $4,717 (2024) · life expectancy 74.7 years (2024) · upper-middle income Iran, Islamic Rep. - GDP/cap $5,190 (2024) · life expectancy 77.9 years (2024) · upper-middle income Turkiye - GDP/cap $15,893 (2024) · life expectancy 77.4 years (2024) · high income · OECD Germany - GDP/cap $56,104 (2024) · life expectancy 80.8 years (2024) · high income · OECD Thailand - GDP/cap $7,387 (2024) · life expectancy 76.6 years (2024) · upper-middle income United Kingdom - GDP/cap $53,246 (2024) · life expectancy 81.4 years (2024) · high income · OECD Tanzania - GDP/cap $1,193 (2024) · life expectancy 67.2 years (2024) · lower-middle income France - GDP/cap $46,103 (2024) · life expectancy 83.0 years (2024) · high income · OECD South Africa - GDP/cap $6,267 (2024) · life expectancy 66.3 years (2024) · upper-middle income Italy - GDP/cap $40,385 (2024) · life expectancy 84.0 years (2024) · high income · OECD Kenya - GDP/cap $2,133 (2024) · life expectancy 63.8 years (2024) · lower-middle income Myanmar - GDP/cap $1,359 (2024) · life expectancy 67.1 years (2024) · lower-middle income Colombia - GDP/cap $7,951 (2024) · life expectancy 77.9 years (2024) · upper-middle income · OECD Korea, Rep. - GDP/cap $36,239 (2024) · life expectancy 83.6 years (2024) · high income · OECD Sudan - GDP/cap $985 (2024) · life expectancy 66.5 years (2024) · low income Panama - GDP/cap $19,161 (2024) · life expectancy 79.8 years (2024) · high income Income tier Low Lower-middle Upper-middle High OECD member
  • Panama: GDP per capita $19,161 (2024), life expectancy 79.8 years (2024), high income.
  • India: GDP per capita $2,695 (2024), life expectancy 72.2 years (2024), lower-middle income.
  • China: GDP per capita $13,303 (2024), life expectancy 78.0 years (2024), upper-middle income.
  • United States: GDP per capita $84,534 (2024), life expectancy 78.9 years (2024), high income, OECD member.
  • Indonesia: GDP per capita $4,925 (2024), life expectancy 71.3 years (2024), upper-middle income.
  • Pakistan: GDP per capita $1,479 (2024), life expectancy 67.8 years (2024), lower-middle income.
  • Nigeria: GDP per capita $1,084 (2024), life expectancy 54.6 years (2024), low income.
  • Brazil: GDP per capita $10,311 (2024), life expectancy 76.0 years (2024), upper-middle income.
  • Bangladesh: GDP per capita $2,593 (2024), life expectancy 74.9 years (2024), lower-middle income.
  • Russian Federation: GDP per capita $14,889 (2024), life expectancy 73.4 years (2024), high income.
  • Ethiopia: GDP per capita $1,134 (2024), life expectancy 67.6 years (2024), low income.
  • Mexico: GDP per capita $14,186 (2024), life expectancy 75.3 years (2024), high income, OECD member.
  • Japan: GDP per capita $32,487 (2024), life expectancy 84.0 years (2024), high income, OECD member.
  • Egypt, Arab Rep.: GDP per capita $3,338 (2024), life expectancy 71.8 years (2024), lower-middle income.
  • Philippines: GDP per capita $3,985 (2024), life expectancy 69.9 years (2024), lower-middle income.
  • Congo, Dem. Rep.: GDP per capita $693 (2024), life expectancy 62.1 years (2024), low income.
  • Viet Nam: GDP per capita $4,717 (2024), life expectancy 74.7 years (2024), upper-middle income.
  • Iran, Islamic Rep.: GDP per capita $5,190 (2024), life expectancy 77.9 years (2024), upper-middle income.
  • Turkiye: GDP per capita $15,893 (2024), life expectancy 77.4 years (2024), high income, OECD member.
  • Germany: GDP per capita $56,104 (2024), life expectancy 80.8 years (2024), high income, OECD member.
  • Thailand: GDP per capita $7,387 (2024), life expectancy 76.6 years (2024), upper-middle income.
  • United Kingdom: GDP per capita $53,246 (2024), life expectancy 81.4 years (2024), high income, OECD member.
  • Tanzania: GDP per capita $1,193 (2024), life expectancy 67.2 years (2024), lower-middle income.
  • France: GDP per capita $46,103 (2024), life expectancy 83.0 years (2024), high income, OECD member.
  • South Africa: GDP per capita $6,267 (2024), life expectancy 66.3 years (2024), upper-middle income.
  • Italy: GDP per capita $40,385 (2024), life expectancy 84.0 years (2024), high income, OECD member.
  • Kenya: GDP per capita $2,133 (2024), life expectancy 63.8 years (2024), lower-middle income.
  • Myanmar: GDP per capita $1,359 (2024), life expectancy 67.1 years (2024), lower-middle income.
  • Colombia: GDP per capita $7,951 (2024), life expectancy 77.9 years (2024), upper-middle income, OECD member.
  • Korea, Rep.: GDP per capita $36,239 (2024), life expectancy 83.6 years (2024), high income, OECD member.
  • Sudan: GDP per capita $985 (2024), life expectancy 66.5 years (2024), low income.

Overview

Panama has a population of 4.5 million, making it the 128th-most populous country out of 217 tracked in Latin America & Caribbean.

Its economy totals $86.5 billion - ranked 79th globally by total GDP. GDP per capita stands at $19,161, placing it in the High income category.

Life expectancy at birth is 79.8 years (ranked 55th globally), reflecting overall health outcomes as measured by the World Bank.

The capital is Panama City.

👥 Demographics

Population
4.5 million
2024
Population Ages 0-14
24.9%
2024
Population Ages 65+
9.4%
2024
Population Density
60.1/km²
2023
Urban Population
66.0%
2024

💰 Economy

Foreign Direct Investment
$2.1 billion
2024
GDP (Current USD)
$86.5 billion
2024
GDP Growth Rate
2.7%
2024
GDP Per Capita (Current USD)
$19,161.219
2024
Inflation (Consumer Prices)
0.7%
2024
Trade (% of GDP)
83.7%
2024
Unemployment Rate
8.5%
2024

🏥 Health

Health Expenditure (% of GDP)
8.3%
2023
Infant Mortality Rate
12.0 per 1,000
2024
Life Expectancy at Birth
79.8 years
2024
Maternal Mortality Ratio
37
2023
Physicians (per 1,000 people)
1.6 per 1,000
2022
Stunting Prevalence (under 5)
15.9
2019
Under-5 Mortality Rate
15.3 per 1,000
2024

📚 Education

Education Expenditure (% of GDP)
2.5%
2023
Literacy Rate (Adult)
96.2
2024
School Enrollment (Primary)
96.9
2024
School Enrollment (Secondary)
76.6
2017
School Enrollment (Tertiary)
53.7
2023
Youth Literacy Rate
99.2
2024

🌍 Environment

CO2 Emissions Per Capita
2.7
2024
Electric Power Consumption
2,715 kWh
2023
Forest Area
56.3
2023
Freshwater Withdrawal
0.9
2022
Renewable Energy Consumption
28.0%
2021

🏗️ Infrastructure

Access to Electricity
97.0%
2023
Internet Users
72.8%
2024
Mobile Subscriptions
156.6
2023

⚖️ Social

Female Labor Participation
54.8
2024
GINI Index
49.7
2024
Intentional Homicides
11.7
2023
Male Labor Participation
78.0
2024
Net Migration
6.7K
2024
Poverty (< $2.15/day)
3.1%
2024

🌐 Livability Score

One composite verdict from 4 of 5 World Bank series (life expectancy, under-5 mortality, electricity access, clean-water access, homicide rate), each benchmarked against every country tracking that series. A missing series never silently drags the score down: its weight redistributes across the series Panama does report.

Overall
C-
51/100
Life expectancy B
79.8 years
World Bank, 2024 (217-country benchmark)
Under-5 mortality D
15.3 per 1,000
World Bank, 2024 (196-country benchmark)
Access to electricity D
97.0%
World Bank, 2023 (215-country benchmark)
Access to clean water N/A
N/A
World Bank
Safety (homicide rate) F
11.7 per 100,000
UNODC via World Bank, 2023 (195-country benchmark)

All indicators for Panama

39 latest observations from World Bank WDI, WHO GHO, and ILO ILOSTAT (vintage through 2026-08-14). Values match the topic cards above; this table is the machine-readable export view analysts expect on a country profile.

TopicIndicatorValueYear
DemographicsPopulation4.5 million2024
DemographicsPopulation Ages 0-1424.9%2024
DemographicsPopulation Ages 65+9.4%2024
DemographicsPopulation Density60.1/km²2023
DemographicsUrban Population66.0%2024
EconomyForeign Direct Investment$2.1 billion2024
EconomyGDP (Current USD)$86.5 billion2024
EconomyGDP Growth Rate2.7%2024
EconomyGDP Per Capita (Current USD)$19,161.2192024
EconomyInflation (Consumer Prices)0.7%2024
EconomyTrade (% of GDP)83.7%2024
EconomyUnemployment Rate8.5%2024
HealthHealth Expenditure (% of GDP)8.3%2023
HealthInfant Mortality Rate12.0 per 1,0002024
HealthLife Expectancy at Birth79.8 years2024
HealthMaternal Mortality Ratio372023
HealthPhysicians (per 1,000 people)1.6 per 1,0002022
HealthStunting Prevalence (under 5)15.92019
HealthUnder-5 Mortality Rate15.3 per 1,0002024
EducationEducation Expenditure (% of GDP)2.5%2023
EducationLiteracy Rate (Adult)96.22024
EducationSchool Enrollment (Primary)96.92024
EducationSchool Enrollment (Secondary)76.62017
EducationSchool Enrollment (Tertiary)53.72023
EducationYouth Literacy Rate99.22024
EnvironmentCO2 Emissions Per Capita2.72024
EnvironmentElectric Power Consumption2,715 kWh2023
EnvironmentForest Area56.32023
EnvironmentFreshwater Withdrawal0.92022
EnvironmentRenewable Energy Consumption28.0%2021
InfrastructureAccess to Electricity97.0%2023
InfrastructureInternet Users72.8%2024
InfrastructureMobile Subscriptions156.62023
SocialFemale Labor Participation54.82024
SocialGINI Index49.72024
SocialIntentional Homicides11.72023
SocialMale Labor Participation78.02024
SocialNet Migration6.7K2024
SocialPoverty (< $2.15/day)3.1%2024

🫀 Disease Burden

Tuberculosis deaths at 4.1 per 100,000 sit well above the fleet midpoint (4.1) on Panama; the cause list below is truncated to the steepest rates instead of repeating the full WHO menu. Summary metrics use 2021 data; cause-specific cards show their own observation year.

NCD Death Rate
341
per 100K · 2021
Suicide Rate
19.5
per 100K · 2021
TB Deaths
4.10
per 100K · 2021

Sources: WHO Global Health Observatory. NCD mortality rate: 2021. Rates are age-standardized per 100,000 population. Premature NCD risk covers cardiovascular disease, cancer, diabetes, and chronic respiratory disease.

Compare Panama with near GDP/cap peers

Side-by-side pages for the closest ABS GDP/cap neighbours - not a full-roster dropdown.

What the data says about Panama

Panama sits in the high-income bracket but outside the OECD's harmonized reporting network, so its statistics come straight from the World Bank, WHO, and ILO source series rather than a jointly reconciled OECD dataset - still official, but with less cross-checking between agencies than an OECD member gets. Because output and income figures are converted at market exchange rates into current dollars, they can swing with currency movements independent of any real change in living standards, and for a small economy like this one that swing shows up more visibly in the headline numbers than it would for a larger country. The fuller picture comes from comparing Panama against income-tier peers of a similar size.

Panama sits in the middle third of GDP/cap (#75 of 214) as a HIC economy with PEAK longevity.

Panama holds 4.5 million people and $86.5 billion GDP (79th) at $19,161 per person - mid GDP/cap band, HIC, LE 79.8 years (55th, PEAK). 39 WDI/WHO/ILO cells fill the topic blocks.

Nearest ABS GDP/cap peer: Costa Rica at $18,853 (Δ $308). Open that profile or the GDP/cap leaderboard before treating any single year as destiny.

What to do with Panama's numbers

Panama is classified HIC with PEAK. Use that context before comparing any single figure to another country.

  • Compare Panama directly against any other country, side by side, on the indicators that matter to you. Compare countries
  • See exactly where Panama ranks among all 217 tracked countries on a specific indicator, not just the ones shown here. Indicator rank finder
  • Learn the common mistakes people make citing country statistics before you quote a number from this page. Reading country profiles

Figures above are sourced from World Bank, WHO, and ILO (OECD where applicable) as cited below; always verify against the primary source before citing a specific number.

Source: World Bank Open Data, Source: WHO Global Health Observatory, Source: ILO ILOSTAT. World Bank and ILO data licensed under CC BY 4.0.

Disclaimer: This information is for informational purposes only and does not constitute medical, financial, or legal advice. See our full disclaimer and editorial policy.