The latest officially reported population of Monaco was 38,631 in 2024 vs 4,515,577 people in Panama in 2024. In 2026, based on the adjusted UN estimation, the current Monaco's population is 38,053 people compared to 4,642,198 in Panama.
Population statistics:
- Panama's population is 122 times bigger than Monaco's.
- Monaco is ranked the 191st most populous country in the world, while Panama is the 128th.
- The countries together account for 0.06% of the world: 0.0005% for Monaco vs 0.06% for Panama.
- For the last 10 years, Monaco has had an average growth rate of +0.79% per year vs +1.52% in Panama.
- Since 2006, the population of Monaco has increased from 32.1K people to 38.1K (18.7% growth), while Panama has grown from 3.38M to 4.64M (37.5% growth).
Monaco vs Panama: population by year and forecast
| Year | Population | |
|---|---|---|
Monaco
|
Panama
|
|
| 2100 | 47,158 | 5,947,731 |
| 2099 | 46,848 | 5,958,919 |
| 2098 | 46,586 | 5,969,676 |
| 2097 | 46,305 | 5,979,860 |
| 2096 | 46,033 | 5,989,615 |
| 2095 | 45,748 | 5,998,960 |
| 2094 | 45,453 | 6,007,655 |
| 2093 | 45,173 | 6,015,893 |
| 2092 | 44,920 | 6,023,482 |
| 2091 | 44,638 | 6,030,584 |
| 2090 | 44,363 | 6,037,116 |
| 2089 | 44,110 | 6,043,194 |
| 2088 | 43,838 | 6,048,506 |
| 2087 | 43,543 | 6,053,252 |
| 2086 | 43,257 | 6,057,347 |
| 2085 | 42,997 | 6,060,940 |
| 2084 | 42,714 | 6,063,735 |
| 2083 | 42,438 | 6,065,863 |
| 2082 | 42,184 | 6,067,171 |
| 2081 | 41,923 | 6,067,635 |
| 2080 | 41,661 | 6,067,317 |
| 2079 | 41,406 | 6,066,164 |
| 2078 | 41,159 | 6,064,127 |
| 2077 | 40,888 | 6,061,297 |
| 2076 | 40,618 | 6,057,645 |
| 2075 | 40,387 | 6,053,134 |
| 2074 | 40,161 | 6,047,620 |
| 2073 | 39,929 | 6,041,318 |
| 2072 | 39,720 | 6,034,065 |
| 2071 | 39,507 | 6,026,051 |
| 2070 | 39,292 | 6,017,288 |
| 2069 | 39,078 | 6,007,621 |
| 2068 | 38,878 | 5,997,109 |
| 2067 | 38,694 | 5,985,932 |
| 2066 | 38,525 | 5,973,853 |
| 2065 | 38,353 | 5,961,039 |
| 2064 | 38,190 | 5,947,320 |
| 2063 | 38,002 | 5,932,822 |
| 2062 | 37,867 | 5,917,367 |
| 2061 | 37,731 | 5,900,972 |
| 2060 | 37,615 | 5,883,654 |
| 2059 | 37,466 | 5,865,433 |
| 2058 | 37,359 | 5,846,037 |
| 2057 | 37,229 | 5,825,696 |
| 2056 | 37,111 | 5,804,369 |
| 2055 | 37,040 | 5,781,900 |
| 2054 | 36,926 | 5,758,339 |
| 2053 | 36,834 | 5,733,538 |
| 2052 | 36,743 | 5,707,562 |
| 2051 | 36,658 | 5,680,231 |
| 2050 | 36,577 | 5,651,617 |
| 2049 | 36,507 | 5,621,841 |
| 2048 | 36,456 | 5,590,701 |
| 2047 | 36,411 | 5,558,382 |
| 2046 | 36,389 | 5,524,843 |
| 2045 | 36,380 | 5,490,228 |
| 2044 | 36,379 | 5,454,371 |
| 2043 | 36,396 | 5,417,316 |
| 2042 | 36,404 | 5,379,169 |
| 2041 | 36,459 | 5,339,872 |
| 2040 | 36,517 | 5,299,492 |
| 2039 | 36,547 | 5,257,983 |
| 2038 | 36,591 | 5,215,284 |
| 2037 | 36,651 | 5,171,497 |
| 2036 | 36,718 | 5,126,814 |
| 2035 | 36,791 | 5,081,210 |
| 2034 | 36,862 | 5,034,708 |
| 2033 | 36,941 | 4,987,247 |
| 2032 | 37,042 | 4,938,646 |
| 2031 | 37,163 | 4,889,260 |
| 2030 | 37,287 | 4,838,970 |
| 2029 | 37,443 | 4,787,654 |
| 2028 | 37,617 | 4,735,214 |
| 2027 | 37,834 | 4,681,847 |
| 2026 | 38,053 | 4,627,497 |
| 2025 | 38,340 | 4,572,106 |
| 2024 | 38,631 | 4,515,577 |
| 2023 | 38,956 | 4,458,759 |
| 2022 | 38,931 | 4,400,773 |
| 2021 | 38,527 | 4,345,405 |
| 2020 | 38,050 | 4,293,261 |
| 2019 | 38,109 | 4,234,700 |
| 2018 | 38,154 | 4,167,860 |
| 2017 | 37,678 | 4,098,707 |
| 2016 | 37,276 | 4,029,086 |
| 2015 | 36,757 | 3,960,035 |
| 2014 | 36,128 | 3,892,101 |
| 2013 | 35,447 | 3,825,329 |
| 2012 | 34,711 | 3,759,256 |
| 2011 | 33,946 | 3,693,505 |
| 2010 | 33,163 | 3,628,535 |
| 2009 | 32,364 | 3,564,381 |
| 2008 | 31,836 | 3,500,648 |
| 2007 | 31,837 | 3,437,490 |
| 2006 | 32,057 | 3,375,024 |
| 2005 | 32,210 | 3,313,026 |
| 2004 | 32,307 | 3,251,155 |
| 2003 | 32,374 | 3,189,807 |
| 2002 | 32,422 | 3,129,344 |
| 2001 | 32,447 | 3,069,537 |
| 2000 | 32,455 | 3,010,369 |
| 1999 | 32,410 | 2,951,822 |
| 1998 | 32,267 | 2,893,914 |
| 1997 | 32,063 | 2,836,695 |
| 1996 | 31,837 | 2,780,227 |
| 1995 | 31,609 | 2,724,557 |
| 1994 | 31,375 | 2,669,546 |
| 1993 | 31,136 | 2,615,099 |
| 1992 | 30,887 | 2,561,336 |
| 1991 | 30,625 | 2,508,265 |
| 1990 | 30,358 | 2,455,583 |
| 1989 | 30,084 | 2,403,820 |
| 1988 | 29,781 | 2,352,848 |
| 1987 | 29,446 | 2,301,970 |
| 1986 | 29,093 | 2,251,325 |
| 1985 | 28,731 | 2,200,915 |
| 1984 | 28,356 | 2,150,782 |
| 1983 | 27,960 | 2,101,106 |
| 1982 | 27,561 | 2,052,271 |
| 1981 | 27,293 | 2,004,418 |
| 1980 | 27,122 | 1,957,534 |
| 1979 | 26,892 | 1,911,552 |
| 1978 | 26,605 | 1,866,311 |
| 1977 | 26,273 | 1,821,543 |
| 1976 | 25,895 | 1,776,935 |
| 1975 | 25,500 | 1,732,389 |
| 1974 | 25,235 | 1,687,926 |
| 1973 | 25,072 | 1,643,690 |
| 1972 | 24,862 | 1,599,723 |
| 1971 | 24,576 | 1,556,081 |
| 1970 | 24,229 | 1,513,070 |
| 1969 | 23,831 | 1,470,886 |
| 1968 | 23,437 | 1,429,447 |
| 1967 | 23,230 | 1,388,628 |
| 1966 | 23,131 | 1,348,388 |
| 1965 | 22,941 | 1,308,835 |
| 1964 | 22,686 | 1,270,065 |
| 1963 | 22,385 | 1,232,124 |
| 1962 | 22,078 | 1,195,301 |
| 1961 | 21,901 | 1,159,870 |
| 1960 | 21,808 | 1,126,005 |
Data sources: United Nations | World Population Prospects (2025–2100, retrieved 2026-03-10); World Bank | Health (1960–2024, retrieved 2026-04-06).
GeoRank.org/population/monaco/panama | CC BY 
From 2006 to 2016, the population of Monaco increased by 5,219 people (a 16.3% growth), while Panama gained 654,062 people (a 19.4% growth).
For the next 10 years, from 2016 to 2026, Monaco gained 777 people (a 2.08% growth), while Panama's population increased by 613,112 people (a 15.2% growth).
Monaco was ranked 192nd most populous country in 2006 and is 191st in 2026. Panama was ranked 128th in 2006 and still ranked 128th now.
The UN's World Population Prospects forecasts that in 24 years (in 2050) Monaco's population will shrink by 3.88% to 36,577 people and will still be ranked 191st. The population of Panama will increase by 21.7% to 5,651,617 people and rank change from 128th to 124th.
Monaco is projected to reach its peak in 2100 at 47.2K people compared to the peak of 6.07M people in 2081 for Panama.
Population growth rate by year
| Year | Growth rate | |
|---|---|---|
|
Monaco
|
Panama
|
|
| 2100 | 0.66% | -0.19% |
| 2099 | 0.56% | -0.18% |
| 2098 | 0.61% | -0.17% |
| 2097 | 0.59% | -0.16% |
| 2096 | 0.62% | -0.16% |
| 2095 | 0.65% | -0.14% |
| 2094 | 0.62% | -0.14% |
| 2093 | 0.56% | -0.13% |
| 2092 | 0.63% | -0.12% |
| 2091 | 0.62% | -0.11% |
| 2090 | 0.57% | -0.1% |
| 2089 | 0.62% | -0.09% |
| 2088 | 0.68% | -0.08% |
| 2087 | 0.66% | -0.07% |
| 2086 | 0.6% | -0.06% |
| 2085 | 0.66% | -0.05% |
| 2084 | 0.65% | -0.04% |
| 2083 | 0.6% | -0.02% |
| 2082 | 0.62% | -0.008% |
| 2081 | 0.63% | 0.005% |
| 2080 | 0.62% | 0.02% |
| 2079 | 0.6% | 0.03% |
| 2078 | 0.66% | 0.05% |
| 2077 | 0.66% | 0.06% |
| 2076 | 0.57% | 0.07% |
| 2075 | 0.56% | 0.09% |
| 2074 | 0.58% | 0.1% |
| 2073 | 0.52% | 0.12% |
| 2072 | 0.54% | 0.13% |
| 2071 | 0.55% | 0.15% |
| 2070 | 0.55% | 0.16% |
| 2069 | 0.52% | 0.18% |
| 2068 | 0.47% | 0.19% |
| 2067 | 0.44% | 0.2% |
| 2066 | 0.45% | 0.21% |
| 2065 | 0.43% | 0.23% |
| 2064 | 0.5% | 0.24% |
| 2063 | 0.36% | 0.26% |
| 2062 | 0.36% | 0.28% |
| 2061 | 0.31% | 0.29% |
| 2060 | 0.4% | 0.31% |
| 2059 | 0.29% | 0.33% |
| 2058 | 0.35% | 0.35% |
| 2057 | 0.32% | 0.37% |
| 2056 | 0.19% | 0.39% |
| 2055 | 0.31% | 0.41% |
| 2054 | 0.25% | 0.43% |
| 2053 | 0.25% | 0.46% |
| 2052 | 0.23% | 0.48% |
| 2051 | 0.22% | 0.51% |
| 2050 | 0.19% | 0.53% |
| 2049 | 0.14% | 0.56% |
| 2048 | 0.12% | 0.58% |
| 2047 | 0.06% | 0.61% |
| 2046 | 0.02% | 0.63% |
| 2045 | 0.003% | 0.66% |
| 2044 | -0.05% | 0.68% |
| 2043 | -0.02% | 0.71% |
| 2042 | -0.15% | 0.74% |
| 2041 | -0.16% | 0.76% |
| 2040 | -0.08% | 0.79% |
| 2039 | -0.12% | 0.82% |
| 2038 | -0.16% | 0.85% |
| 2037 | -0.18% | 0.87% |
| 2036 | -0.2% | 0.9% |
| 2035 | -0.19% | 0.92% |
| 2034 | -0.21% | 0.95% |
| 2033 | -0.27% | 0.98% |
| 2032 | -0.33% | 1.01% |
| 2031 | -0.33% | 1.04% |
| 2030 | -0.42% | 1.07% |
| 2029 | -0.46% | 1.11% |
| 2028 | -0.57% | 1.14% |
| 2027 | -0.58% | 1.17% |
| 2026 | -0.75% | 1.21% |
| 2025 | -0.75% | 1.25% |
| 2024 | -0.83% | 1.27% |
| 2023 | 0.06% | 1.32% |
| 2022 | 1.05% | 1.27% |
| 2021 | 1.25% | 1.21% |
| 2020 | -0.15% | 1.38% |
| 2019 | -0.12% | 1.6% |
| 2018 | 1.26% | 1.69% |
| 2017 | 1.08% | 1.73% |
| 2016 | 1.41% | 1.74% |
| 2015 | 1.74% | 1.75% |
| 2014 | 1.92% | 1.75% |
| 2013 | 2.12% | 1.76% |
| 2012 | 2.25% | 1.78% |
| 2011 | 2.36% | 1.79% |
| 2010 | 2.47% | 1.8% |
| 2009 | 1.66% | 1.82% |
| 2008 | -0.003% | 1.84% |
| 2007 | -0.69% | 1.85% |
| 2006 | -0.48% | 1.87% |
| 2005 | -0.3% | 1.9% |
| 2004 | -0.21% | 1.92% |
| 2003 | -0.15% | 1.93% |
| 2002 | -0.08% | 1.95% |
| 2001 | -0.02% | 1.97% |
| 2000 | 0.14% | 1.98% |
| 1999 | 0.44% | 2% |
| 1998 | 0.64% | 2.02% |
| 1997 | 0.71% | 2.03% |
| 1996 | 0.72% | 2.04% |
| 1995 | 0.75% | 2.06% |
| 1994 | 0.77% | 2.08% |
| 1993 | 0.81% | 2.1% |
| 1992 | 0.86% | 2.12% |
| 1991 | 0.88% | 2.15% |
| 1990 | 0.91% | 2.15% |
| 1989 | 1.02% | 2.17% |
| 1988 | 1.14% | 2.21% |
| 1987 | 1.21% | 2.25% |
| 1986 | 1.26% | 2.29% |
| 1985 | 1.32% | 2.33% |
| 1984 | 1.42% | 2.36% |
| 1983 | 1.45% | 2.38% |
| 1982 | 0.98% | 2.39% |
| 1981 | 0.63% | 2.4% |
| 1980 | 0.86% | 2.41% |
| 1979 | 1.08% | 2.42% |
| 1978 | 1.26% | 2.46% |
| 1977 | 1.46% | 2.51% |
| 1976 | 1.55% | 2.57% |
| 1975 | 1.05% | 2.63% |
| 1974 | 0.65% | 2.69% |
| 1973 | 0.84% | 2.75% |
| 1972 | 1.16% | 2.8% |
| 1971 | 1.43% | 2.84% |
| 1970 | 1.67% | 2.87% |
| 1969 | 1.68% | 2.9% |
| 1968 | 0.89% | 2.94% |
| 1967 | 0.43% | 2.98% |
| 1966 | 0.83% | 3.02% |
| 1965 | 1.12% | 3.05% |
| 1964 | 1.34% | 3.08% |
| 1963 | 1.39% | 3.08% |
| 1962 | 0.81% | 3.05% |
| 1961 | 0.43% | 3.01% |
Data sources: United Nations | World Population Prospects (2025–2100, retrieved 2026-03-10); World Bank | Health (1961–2024, retrieved 2026-04-06).
GeoRank.org/population/monaco/panama | CC BY
In 2024, the population of Monaco declined by 0.83%, while Panama's population grew by 1.27%.
Live population counters
|
Monaco
|
Panama
|
|
|---|---|---|
| Current population |
38053
|
4642198
|
| Population rank | 191/197 | 128/197 |
| Percent of world population | 0.0005% | 0.06% |
| One net population change |
1.12 days
|
9.25 minutes
|
| One birth every |
23.9 hours
|
7.35 minutes
|
| One death every |
10.7 hours
|
24.7 minutes
|
| Daily growth/decline | -1 | +156 |
| Annual growth/decline | -325 | +56,818 |
| Annual growth/decline rate | -0.83% | +1.27% |
| Population growth rate rank | 192/197 | 83/197 |
| One migration net change every |
3.66 days
|
1.43 hours
|
| Annual migration change | +100 | +6,151 |
| Net migration rank | 73/196 | 49/196 |
| Foreign-born residents | 27,106 | 477,749 |
| Foreign-born residents rank | 167/195 | 81/195 |
| Foreign-born share of population | 70.2% | 10.6% |
| Foreign-born share rank | 3/195 | 63/195 |
Natural population change vs migration
| Year | Population change | |||
|---|---|---|---|---|
|
Monaco
|
Panama
|
|||
| Natural | Migration | Natural | Migration | |
| 2025 | - | 100 | - | 6,151 |
| 2024 | - | 110 | - | 6,706 |
| 2023 | -449 | 88 | 50,197 | 7,262 |
| 2022 | -576 | 995 | 50,556 | 7,967 |
| 2021 | -605 | 999 | 46,747 | 5,473 |
| 2020 | -445 | 999 | 46,599 | 5,473 |
| 2019 | -473 | -198 | 54,420 | 10,623 |
| 2018 | -423 | 999 | 57,508 | 11,130 |
| 2017 | -417 | 798 | 58,607 | 11,059 |
| 2016 | -376 | 798 | 59,454 | 10,109 |
| 2015 | -327 | 939 | 59,896 | 8,648 |
| 2014 | -266 | 916 | 60,227 | 7,105 |
| 2013 | -216 | 926 | 60,295 | 5,926 |
| 2012 | -144 | 906 | 60,471 | 5,447 |
| 2011 | -91 | 866 | 60,411 | 5,167 |
| 2010 | -18 | 808 | 59,418 | 4,953 |
| 2009 | 23 | 785 | 59,168 | 4,765 |
| 2008 | 40 | 206 | 58,961 | 4,568 |
| 2007 | 24 | -274 | 58,454 | 4,330 |
| 2006 | 25 | -209 | 58,067 | 4,087 |
| 2005 | 26 | -147 | 58,014 | 3,843 |
| 2004 | 31 | -112 | 58,281 | 3,596 |
| 2003 | 14 | -68 | 57,458 | 3,352 |
| 2002 | 26 | -60 | 57,011 | 3,099 |
| 2001 | 52 | -69 | 56,654 | 2,856 |
| 2000 | 36 | -33 | 56,236 | 2,602 |
| 1999 | 25 | 64 | 55,911 | 2,341 |
| 1998 | 18 | 173 | 55,482 | 2,084 |
| 1997 | 6 | 212 | 55,060 | 1,820 |
| 1996 | -6 | 229 | 54,512 | 1,533 |
| 1995 | -14 | 246 | 54,069 | 1,221 |
| 1994 | -22 | 262 | 53,845 | 899 |
| 1993 | -29 | 276 | 53,591 | 560 |
| 1992 | -33 | 293 | 53,186 | 182 |
| 1991 | -35 | 299 | 53,079 | -305 |
| 1990 | -26 | 289 | 53,451 | -854 |
| 1989 | -2 | 285 | 52,295 | -1,368 |
| 1988 | 19 | 304 | 52,767 | -1,750 |
| 1987 | 30 | 315 | 52,690 | -1,953 |
| 1986 | 16 | 340 | 52,681 | -2,136 |
| 1985 | -5 | 374 | 52,573 | -2,297 |
| 1984 | -30 | 412 | 52,436 | -2,435 |
| 1983 | -49 | 456 | 51,880 | -2,518 |
| 1982 | -59 | 447 | 50,858 | -2,554 |
| 1981 | -60 | 201 | 50,018 | -2,620 |
| 1980 | -53 | 256 | 49,077 | -2,701 |
| 1979 | -47 | 306 | 48,362 | -2,772 |
| 1978 | -45 | 355 | 47,694 | -2,811 |
| 1977 | -51 | 407 | 47,438 | -2,792 |
| 1976 | -57 | 459 | 47,307 | -2,727 |
| 1975 | -60 | 458 | 47,149 | -2,635 |
| 1974 | -55 | 198 | 46,932 | -2,531 |
| 1973 | -48 | 218 | 46,540 | -2,464 |
| 1972 | -41 | 294 | 46,311 | -2,448 |
| 1971 | -35 | 358 | 45,867 | -2,454 |
| 1970 | -30 | 406 | 45,075 | -2,476 |
| 1969 | -29 | 450 | 44,278 | -2,510 |
| 1968 | -25 | 388 | 43,641 | -2,528 |
| 1967 | -22 | 67 | 43,054 | -2,528 |
| 1966 | -15 | 162 | 42,457 | -2,500 |
| 1965 | -12 | 243 | 41,604 | -2,454 |
| 1964 | -9 | 287 | 40,806 | -2,418 |
| 1963 | -4 | 333 | 39,872 | -2,380 |
| 1962 | 5 | 283 | 38,537 | -2,377 |
| 1961 | 13 | 52 | 37,100 | -2,394 |
| 1960 | 20 | 103 | 35,431 | -2,409 |
Data sources: World Bank | Health (1960–2025, retrieved 2026-04-06).
GeoRank.org/population/monaco/panama | CC BY
Over the last 10 years, 37.3% of the population change in Monaco is from natural causes (a loss of 4,357 people) and 62.7% is from migration (a gain of 7,333 people). In Panama 86.5% is from natural causes (a gain of 544,211 people) and 13.5% is from migration (a gain of 84,849 people).
As of 2024, 27,106 residents or 70.2% of the population were not native-born in Monaco, compared to 477,749 people or 10.6% in Panama.
Biggest cities by population
Compare countries by 7 more topics
Population differences between Monaco and Panama
|
Monaco
|
Panama
|
|
|---|---|---|
| Life expectancy | 86.7 years | 80.1 years |
| Average age | 50 years | 33.3 years |
| Median age | 55 years | 30.9 years |
| Male:Female ratio | 48.9:51.1 | 50:50 |
| Fertility rate | 2.11 births per woman | 2.12 births per woman |
| Population density | 47,292 ppl/mi² | 161.6 ppl/mi² |
Population map with other countries
Data sources: World Bank | Health (1960–2024, retrieved 2026-04-06); United Nations | World Population Prospects (1960–2026, retrieved 2026-03-10); U.S. Census Bureau (1960–2025, retrieved 2026-02-08); Central Intelligence Agency (CIA) (2000–2019, retrieved 2026-02-20).
GeoRank.org/population/monaco/panama | CC BY
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Data sources:
- World Bank | Health (1960–2025, retrieved 2026-04-06)
- United Nations | World Population Prospects (1960–2100, retrieved 2026-03-10)
- U.S. Census Bureau (1960–2025, retrieved 2026-02-08)
- Central Intelligence Agency (CIA) (2000–2019, retrieved 2026-02-20)
- Wikidata (2026, retrieved 2026-02-08)
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