Panama City Population 2024

Panama City's 2024 population is now estimated at 2,015,735In 1950, the population of Panama City was 170,735Panama City has grown by 38,869 in the last year, which represents a 1.97% annual change.These population estimates and projections come from the latest revision of the UN World Urbanization Prospects. These estimates represent the Urban agglomeration of Panama City, which typically includes Panama City's population in addition to adjacent suburban areas.

Panama City is located in the Republic of Panama. It is not just the capital city of Panama in Central America, but it is also the largest in terms of population.

The city is located near the entrance of the Panama Canal. According to figures from 2010, the city has an urban population of 430,299. The city proper has a population of 880,691 residents. The larger metropolitan area has a population that exceeds 1.5 million. This city has become a hub for commerce and banking, as well as tourism.

City Size and Population Density

Panama City proper encompasses a considerable total surface area of 275 kilometers squared (106 square miles). With a growing number of residents the population density comes to about 3,203 people living per square kilometer (7,656 residents per square mile).

Panama City Demographics

Residents of Panama City are called capitalinos. White people and Asians are among the minorities in this city. The city is known for being very culturally diverse, and multiple languages are spoken by its residents, including English, Spanish, Portuguese and German.

When breaking down the population in Panama City, the primary ethnic groups in this city include Afro-Panamanians, mulattos, and mestizos.

The city has a thriving economy that is reliant on commerce and tourism. Its proximity to the Panama Canal and ports makes it a hub for trade and shipping. Offshore banking and tax planning also contribute greatly to the economy. The city produces more than half of the country’s GSP. Tourism is also another contributor to the city’s revenue. The number of hotel rooms rose from just 1,400 in 1997 to over 15,000 in 2013. The city has over 1.4 million visitors annually. The city plans to continue to draw in tourists with the addition of more luxury hotels.

Panama City History

Panama City was originally founded in 1519. The city from the beginning has a very interesting history, as it was a launching point for the search of gold in Peru. However, in 1671 the city was attacked, looted, and burned to the ground. Some ruins still remain and are a popular attraction with tourists. The city was rebuilt just two years later, about five miles away from the original site.

The Panama Railroad Company was created ahead of the California Gold Rush. The city became more prosperous as traffic via the railroad increased. The city became even more prosperous with the construction of the Panama Canal. In addition to opening the city up to more shipping and trade opportunities, the canal came with other benefits, including less spread of disease and the eradication of yellow fever.

The city was a central location during World War II. With the arrival of the US military came more prosperity, but rising tensions between the US citizens and the people of Panama led to Martyrs’ Day in 1964.

During the 1970s and 1980s, the city began solidifying its role as a banking center. However, during the early years it was also used for illegal money laundering. Today, however, the city remains transparent about the flows of cash so as to prevent illegal activity. In addition to its role in banking and commerce, the city is also a popular tourist destination, bringing in millions of visitors and revenue annually.

Panama City Population Growth

The city’s thriving economy because of the Panama Canal and its role in banking and commerce makes Panama City a desirable place to live. The city has seen steady growth throughout the years, growth that is expected to continue well into the future.

Country
Panama
Growth Rate
1.97%
Year
Population
20352,437,633
20342,399,753
20332,361,783
20322,323,724
20312,285,573
20302,247,302
20292,208,922
20282,170,459
20272,131,906
20262,093,268
20252,054,541
20242,015,735
20231,976,866
20221,937,963
20211,899,081
20201,860,291
20191,821,693
20181,783,490
20171,745,913
20161,709,128
20151,673,118
20141,637,866
20131,603,358
20121,569,576
20111,536,506
20101,504,133
20091,472,442
20081,441,462
20071,411,051
20061,381,322
20051,352,219
20041,323,768
20031,295,840
20021,268,538
20011,241,812
20001,215,684
19991,174,681
19981,133,004
19971,092,806
19961,054,086
19951,016,637
1994980,567
1993945,777
1992912,266
1991879,855
1990848,639
1989821,144
1988794,969
1987769,559
1986744,995
1985721,215
1984698,225
1983675,908
1982654,333
1981633,447
1980613,255
1979595,041
1978577,610
1977560,690
1976544,287
1975528,321
1974512,844
1973497,821
1972483,258
1971469,082
1970455,341
1969435,229
1968414,968
1967395,598
1966377,157
1965359,575
1964342,836
1963326,833
1962311,597
1961297,071
1960282,895
1959268,948
1958255,706
1957243,116
1956231,162
1955219,765
1954208,945
1953198,657
1952188,889
1951179,576
1950170,735
showing: 86 rows

Panama City Population 2024

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Year
Population
Growth Rate
Growth
1950170,7350%0
1951179,5765.18%8,841
1952188,8895.19%9,313
1953198,6575.17%9,768
1954208,9455.18%10,288
1955219,7655.18%10,820
1956231,1625.19%11,397
1957243,1165.17%11,954
1958255,7065.18%12,590
1959268,9485.18%13,242
1960282,8955.19%13,947
1961297,0715.01%14,176
1962311,5974.89%14,526
1963326,8334.89%15,236
1964342,8364.9%16,003
1965359,5754.88%16,739
1966377,1574.89%17,582
1967395,5984.89%18,441
1968414,9684.9%19,370
1969435,2294.88%20,261
1970455,3414.62%20,112
1971469,0823.02%13,741
1972483,2583.02%14,176
1973497,8213.01%14,563
1974512,8443.02%15,023
1975528,3213.02%15,477
1976544,2873.02%15,966
1977560,6903.01%16,403
1978577,6103.02%16,920
1979595,0413.02%17,431
1980613,2553.06%18,214
1981633,4473.29%20,192
1982654,3333.3%20,886
1983675,9083.3%21,575
1984698,2253.3%22,317
1985721,2153.29%22,990
1986744,9953.3%23,780
1987769,5593.3%24,564
1988794,9693.3%25,410
1989821,1443.29%26,175
1990848,6393.35%27,495
1991879,8553.68%31,216
1992912,2663.68%32,411
1993945,7773.67%33,511
1994980,5673.68%34,790
19951,016,6373.68%36,070
19961,054,0863.68%37,449
19971,092,8063.67%38,720
19981,133,0043.68%40,198
19991,174,6813.68%41,677
20001,215,6843.49%41,003
20011,241,8122.15%26,128
20021,268,5382.15%26,726
20031,295,8402.15%27,302
20041,323,7682.16%27,928
20051,352,2192.15%28,451
20061,381,3222.15%29,103
20071,411,0512.15%29,729
20081,441,4622.16%30,411
20091,472,4422.15%30,980
20101,504,1332.15%31,691
20111,536,5062.15%32,373
20121,569,5762.15%33,070
20131,603,3582.15%33,782
20141,637,8662.15%34,508
20151,673,1182.15%35,252
20161,709,1282.15%36,010
20171,745,9132.15%36,785
20181,783,4902.15%37,577
20191,821,6932.14%38,203
20201,860,2912.12%38,598
20211,899,0812.09%38,790
20221,937,9632.05%38,882
20231,976,8662.01%38,903
20242,015,7351.97%38,869
20252,054,5411.93%38,806
20262,093,2681.88%38,727
20272,131,9061.85%38,638
20282,170,4591.81%38,553
20292,208,9221.77%38,463
20302,247,3021.74%38,380
20312,285,5731.7%38,271
20322,323,7241.67%38,151
20332,361,7831.64%38,059
20342,399,7531.61%37,970
20352,437,6331.58%37,880
showing: 86 rows

Panama City Population Data (Urban Area)

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Name
2024 Population
2024 Growth
Panama City2,015,7351.97%

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