CapitalPanama City

Language(s)Learn

Spanish

CurrencyConvert

Panamanian Balboa (PAB) and US Dollar (USD)

Land Area75,417 km² (29,118.7 mi²)

Population4,571,189 (2025)

Average Monthly Net Salary (USD)$920

Average Mortgage Rate6.25%

GDP (USD)90,462,600,000 (2025)

National Debt (USD)54,210,000,000 (2025)

Unemployment Rate8.36% (2025)

Armed Forces (active & reserve)30,000

Military Expenditure (% GDP)No data

Fertility Rate2.11 (2024)

Life Expectancy at birth79.8 years (2024)

Population Growth1.22% (2025)

Net Migration6,151 (2025)