Panama

Economy

• GDP

  : 90.5 B$ (2025)

• GDP per capita

  : 19790 $ (2025)

• GDP growth

  : 4.4 % (2025)

• GDP, PPP

  : 200.7 B$ (2025)

• GDP per capita, PPP

  : 43902 $ (2025)

• Price level (relative cost of living)

  : 0.46 (2024)

• Inflation

  : -0.2 % (2025)

• Unemployment

  : 8.4 % (2025)

• Youth unemployment (ages 15-24)

  : 19.8 % (2025)

• Exports

  : 44.4 % (2024)

• Imports

  : 39.3 % (2024)

• Trade balance (goods and services)

  : 4.4 B$ (2024)

• Current account balance

  : -0.2 % (2025)

• Total reserves

  : 6.2 B$ (2025)

• Foreign direct investment

  : 1.0 % (2025)

• Poverty rate

  : 3.1 % (2024)

• Agriculture

  : 2.6 % (2025)

• Industry

  : 24.9 % (2025)

• Services

  : 70.0 % (2025)

• Remittances received

  : 0.7 % (2025)

• Outward foreign direct investment

  : -1.0 % (2025)

Demographics

• Population

  : 4.6 M (2025)

• Population growth

  : 1.2 % (2025)

• Net migration

  : 6 151 (2025)

• Population density

  : 60.1 (2023)

• Life expectancy

  : 79.8 yrs (2024)

• Fertility rate

  : 2.11 (2024)

• Birth rate

  : 15.9 (2024)

• Death rate

  : 4.91 (2024)

• Urban population

  : 66.2 % (2025)

• Rural population

  : 33.8 % (2025)

• Labor force

  : 2.3 M (2025)

• Infant mortality (under one year)

  : 1.3 % (2023)

• Age dependency ratio

  : 52.3 % (2023)

• Share of women in the population

  : 50.0 % (2025)

• Refugee population hosted

  : 2 658 (2024)

Social

• Education expenditure

  : 2.5 % (2023)

• Health expenditure

  : 8.3 % (2023)

• Gini index

  : 49.7 (2024)

• Internet users

  : 72.8 % (2024)

• Mobile subscriptions

  : 156.6 (2023)

• Access to electricity

  : 96.0 % (2024)

• Access to basic drinking water

  : 95.3 % (2024)

• Median income

  : 19 $ (2024)

• Income share of the top 10%

  : 37.6 % (2024)

• PISA score — mathematics

  : 356.6 (2022)

• PISA score — reading literacy

  : 392.0 (2022)

• PISA score — science

  : 387.8 (2022)

• Primary school completion

  : 95.1 % (2025)

• Mean years of schooling

  : 10.8 yrs (2023)

• Harmonised learning outcomes

  : 376.9 (2020)

• Bank account ownership

  : 40.5 % (2024)

• Labour force participation (ages 25-64)

  : 67.2 % (2025)

• Gender pay gap

  : -11.8 % (2024)

Defense

• Armed forces personnel

  : 28 000 (2020)

• Military expenditure

  : 1.0 % (1999)

• Battle-related deaths

  : 920.0 (1989)

• Death rate from armed conflicts

  : 0.0 (2025)

Environment

• CO₂ per capita

  : 2.74 (2024)

• CO₂ (consumption-based) per capita

  : 4.02 (2022)

• Renewable energy

  : 28.0 % (2021)

• Renewable electricity production

  : 79.3 % (2021)

• Energy consumption

  : 1 020 (2023)

• Forest area

  : 56.3 % (2023)

• Threatened bird species

  : 19.0 (2022)

• Threatened fish species

  : 128.0 (2022)

• Threatened mammal species

  : 18.0 (2022)

• Electricity from coal

  : 3.7 % (2024)

• Electricity from gas

  : 20.9 % (2024)

• Electricity from hydropower

  : 53.1 % (2024)

• Electricity from nuclear

  : 0.0 % (2024)

• Electricity from solar

  : 7.4 % (2024)

• Electricity from wind

  : 7.2 % (2024)

• Greenhouse gases per capita

  : 3.23 (2024)

• Greenhouse gases (total)

  : 14.6 M (2024)

• Fine particulate exposure (PM2.5)

  : 14.7 (2024)

• Tree cover loss

  : 18 530 (2025)

• Renewables regulatory framework (RISE)

  : 29.3 (2023)

• Forest area (absolute)

  : 4 214 (2020)

Health

• DTP3 immunization coverage

  : 72.0 % (2024)

• Measles immunization coverage

  : 93.0 % (2024)

• Under-five mortality

  : 15.3 (2024)

• Maternal mortality ratio

  : 37.0 (2023)

• Non-communicable disease mortality (ages 30-70)

  : 10.9 % (2021)

• Hypertension prevalence (ages 30-79)

  : 35.3 % (2019)

• Adult obesity prevalence

  : 43.1 % (2022)

• Diabetes prevalence (ages 20-79)

  : 11.1 % (2024)

• Smoking prevalence, adults (age-standardized)

  : 4.8 % (2024)

• Universal health coverage

  : 82.0 (2023)

• HIV prevalence (ages 15-49)

  : 1.1 % (2024)

• Physicians

  : 1.62 (2022)

• Hospital beds

  : 1.95 (2023)

• Adolescent fertility (ages 15-19)

  : 55.9 (2024)

Public finances

• Government expenditure

  : 17.1 % (2021)

• Fiscal balance

  : -8.2 % (2024)

• General government debt

  : 53.7 % (2022)

• Primary balance

  : -2.2 % (2022)

Governance

• Control of corruption

  : -0.55 (2024)

• Government effectiveness

  : 0.25 (2024)

• Intentional homicides

  : 11.7 (2023)

• Political stability

  : 0.26 (2024)

• Rule of law

  : -0.26 (2024)

• Regulatory quality

  : -0.07 (2024)

• Voice and accountability

  : 0.44 (2024)

• Political regime

  : 2.00 (2025)

• Free and fair elections

  : 1.00 (2025)

Business

• Investment (gross fixed capital formation)

  : 31.4 % (2024)

• New business density

  : 4.52 (2022)

• Credit to the private sector

  : 105.9 % (2020)

• Non-performing bank loans

  : 2.0 % (2020)

• Inward foreign direct investment (amount)

  : 938.5 M$ (2025)

Consumption

• Household consumption

  : 49.0 % (2024)

• Gross national savings

  : 33.0 % (2024)

Well-being

• Self-reported life satisfaction

  : 6.55 (2025)