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Population in Montenegro compared to Panama: Trends, Charts, Rankings

Updated on by Georank

The latest officially reported population of Montenegro was 623,129 in 2025 vs 4,571,189 people in Panama in 2025. In 2026, based on the adjusted UN estimation, the current Montenegro's population is 613,759 people compared to 4,654,479 in Panama.

Population statistics:

  • Panama's population is 7.58 times bigger than Montenegro's.
  • Montenegro is ranked the 166th most populous country in the world, while Panama is the 128th.
  • The countries together account for 0.06% of the world: 0.007% for Montenegro vs 0.06% for Panama.
  • For the last 10 years, Montenegro has had an average growth rate of -0.009% per year vs +1.47% in Panama.
  • Since 2006, the population of Montenegro has decreased from 615K people to 614K (0.21% decline), while Panama has grown from 3.38M to 4.65M (37.9% growth).

Montenegro vs Panama: population by year and forecast

Montenegro
Factual

Projection
Panama
Factual

Projection
1x
Year Population
Montenegro Panama
2100 320,475 5,946,537
2099 324,115 5,957,723
2098 327,713 5,968,478
2097 331,355 5,978,660
2096 335,007 5,988,413
2095 338,654 5,997,756
2094 342,297 6,006,449
2093 345,975 6,014,686
2092 349,650 6,022,273
2091 353,353 6,029,373
2090 357,061 6,035,905
2089 360,774 6,041,981
2088 364,461 6,047,292
2087 368,192 6,052,037
2086 371,937 6,056,131
2085 375,715 6,059,724
2084 379,539 6,062,518
2083 383,359 6,064,646
2082 387,223 6,065,953
2081 391,147 6,066,417
2080 395,110 6,066,099
2079 399,116 6,064,946
2078 403,132 6,062,910
2077 407,160 6,060,080
2076 411,233 6,056,429
2075 415,356 6,051,919
2074 419,523 6,046,406
2073 423,747 6,040,106
2072 427,961 6,032,854
2071 432,249 6,024,842
2070 436,592 6,016,080
2069 440,907 6,006,415
2068 445,235 5,995,906
2067 449,615 5,984,730
2066 453,939 5,972,654
2065 458,379 5,959,843
2064 462,797 5,946,126
2063 467,212 5,931,632
2062 471,608 5,916,180
2061 475,993 5,899,788
2060 480,424 5,882,473
2059 484,778 5,864,256
2058 489,082 5,844,863
2057 493,417 5,824,527
2056 497,856 5,803,204
2055 502,222 5,780,739
2054 506,518 5,757,183
2053 510,759 5,732,387
2052 514,996 5,706,417
2051 519,179 5,679,091
2050 523,331 5,650,483
2049 527,485 5,620,713
2048 531,545 5,589,579
2047 535,674 5,557,267
2046 539,713 5,523,734
2045 543,724 5,489,126
2044 547,696 5,453,277
2043 551,691 5,416,228
2042 555,589 5,378,090
2041 559,520 5,338,800
2040 563,410 5,298,428
2039 567,304 5,256,927
2038 571,182 5,214,237
2037 575,034 5,170,459
2036 578,842 5,125,785
2035 582,604 5,080,190
2034 586,301 5,033,697
2033 589,943 4,986,246
2032 593,521 4,937,655
2031 597,018 4,888,279
2030 600,445 4,837,999
2029 603,840 4,786,693
2028 607,174 4,734,263
2027 610,430 4,680,907
2026 613,759 4,626,568
2025 623,129 4,571,189
2024 623,525 4,515,577
2023 623,529 4,458,759
2022 623,591 4,400,773
2021 625,053 4,345,405
2020 626,590 4,293,261
2019 626,753 4,234,700
2018 626,438 4,167,860
2017 625,982 4,098,707
2016 625,353 4,029,086
2015 624,651 3,960,035
2014 623,744 3,892,101
2013 622,587 3,825,329
2012 621,418 3,759,256
2011 620,345 3,693,505
2010 619,428 3,628,535
2009 618,294 3,564,381
2008 616,969 3,500,648
2007 615,875 3,437,490
2006 615,025 3,375,024
2005 614,261 3,313,026
2004 613,353 3,251,155
2003 612,267 3,189,807
2002 609,828 3,129,344
2001 607,389 3,069,537
2000 604,950 3,010,369
1999 606,001 2,951,822
1998 607,662 2,893,914
1997 609,520 2,836,695
1996 611,003 2,780,227
1995 611,712 2,724,557
1994 611,389 2,669,546
1993 610,170 2,615,099
1992 608,516 2,561,336
1991 607,105 2,508,265
1990 606,372 2,455,583
1989 606,571 2,403,820
1988 607,413 2,352,848
1987 608,144 2,301,970
1986 607,711 2,251,325
1985 605,398 2,200,915
1984 600,884 2,150,782
1983 594,506 2,101,106
1982 587,001 2,052,271
1981 579,445 2,004,418
1980 572,608 1,957,534
1979 566,888 1,911,552
1978 562,065 1,866,311
1977 557,576 1,821,543
1976 552,562 1,776,935
1975 546,487 1,732,389
1974 538,902 1,687,926
1973 530,220 1,643,690
1972 521,785 1,599,723
1971 515,449 1,556,081
1970 512,407 1,513,070
1969 513,340 1,470,886
1968 517,481 1,429,447
1967 522,796 1,388,628
1966 526,419 1,348,388
1965 526,327 1,308,835
1964 521,753 1,270,065
1963 513,409 1,232,124
1962 502,558 1,195,301
1961 491,140 1,159,870
1960 480,579 1,126,005

Data sources: United Nations | World Population Prospects (2026–2100, retrieved 2026-07-08); World Bank | Health (1960–2025, retrieved 2026-07-08).

GeoRank.org/population/montenegro/panama | CC BY

From 2006 to 2016, the population of Montenegro increased by 10,328 people (a 1.68% growth), while Panama gained 654,062 people (a 19.4% growth).

For the next 10 years, from 2016 to 2026, Montenegro lost 11,594 people (a 1.85% decline), while Panama's population increased by 625,393 people (a 15.5% growth).

Montenegro was ranked 162nd most populous country in 2006 and is 166th 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) Montenegro's population will shrink by 14.7% to 523,331 people with a rank change from 166th to 170th. The population of Panama will increase by 21.4% to 5,650,483 people and rank change from 128th to 124th.

Panama is projected to reach its peak in 2081 at 6.07M people, while Montenegro's population already peaked in 2019 at 627K people and is projected to decrease to 320K people by 2100.

Population growth rate by year

Montenegro
Factual

Projection
Panama
Factual

Projection
1x
Year Growth rate
Montenegro Panama
2100 -1.12% -0.19%
2099 -1.1% -0.18%
2098 -1.1% -0.17%
2097 -1.09% -0.16%
2096 -1.08% -0.16%
2095 -1.06% -0.14%
2094 -1.06% -0.14%
2093 -1.05% -0.13%
2092 -1.05% -0.12%
2091 -1.04% -0.11%
2090 -1.03% -0.1%
2089 -1.01% -0.09%
2088 -1.01% -0.08%
2087 -1.01% -0.07%
2086 -1.01% -0.06%
2085 -1.01% -0.05%
2084 -1% -0.04%
2083 -1% -0.02%
2082 -1% -0.008%
2081 -1% 0.005%
2080 -1% 0.02%
2079 -1% 0.03%
2078 -0.99% 0.05%
2077 -0.99% 0.06%
2076 -0.99% 0.07%
2075 -0.99% 0.09%
2074 -1% 0.1%
2073 -0.98% 0.12%
2072 -0.99% 0.13%
2071 -0.99% 0.15%
2070 -0.98% 0.16%
2069 -0.97% 0.18%
2068 -0.97% 0.19%
2067 -0.95% 0.2%
2066 -0.97% 0.21%
2065 -0.95% 0.23%
2064 -0.94% 0.24%
2063 -0.93% 0.26%
2062 -0.92% 0.28%
2061 -0.92% 0.29%
2060 -0.9% 0.31%
2059 -0.88% 0.33%
2058 -0.88% 0.35%
2057 -0.89% 0.37%
2056 -0.87% 0.39%
2055 -0.85% 0.41%
2054 -0.83% 0.43%
2053 -0.82% 0.46%
2052 -0.81% 0.48%
2051 -0.79% 0.51%
2050 -0.79% 0.53%
2049 -0.76% 0.56%
2048 -0.77% 0.58%
2047 -0.75% 0.61%
2046 -0.74% 0.63%
2045 -0.73% 0.66%
2044 -0.72% 0.68%
2043 -0.7% 0.71%
2042 -0.7% 0.74%
2041 -0.69% 0.76%
2040 -0.69% 0.79%
2039 -0.68% 0.82%
2038 -0.67% 0.85%
2037 -0.66% 0.87%
2036 -0.65% 0.9%
2035 -0.63% 0.92%
2034 -0.62% 0.95%
2033 -0.6% 0.98%
2032 -0.59% 1.01%
2031 -0.57% 1.04%
2030 -0.56% 1.07%
2029 -0.55% 1.11%
2028 -0.53% 1.14%
2027 -0.54% 1.17%
2026 -1.5% 1.21%
2025 -0.06% 1.23%
2024 -0.001% 1.27%
2023 -0.01% 1.32%
2022 -0.23% 1.27%
2021 -0.25% 1.21%
2020 -0.03% 1.38%
2019 0.05% 1.6%
2018 0.07% 1.69%
2017 0.1% 1.73%
2016 0.11% 1.74%
2015 0.15% 1.75%
2014 0.19% 1.75%
2013 0.19% 1.76%
2012 0.17% 1.78%
2011 0.15% 1.79%
2010 0.18% 1.8%
2009 0.21% 1.82%
2008 0.18% 1.84%
2007 0.14% 1.85%
2006 0.12% 1.87%
2005 0.15% 1.9%
2004 0.18% 1.92%
2003 0.4% 1.93%
2002 0.4% 1.95%
2001 0.4% 1.97%
2000 -0.17% 1.98%
1999 -0.27% 2%
1998 -0.3% 2.02%
1997 -0.24% 2.03%
1996 -0.12% 2.04%
1995 0.05% 2.06%
1994 0.2% 2.08%
1993 0.27% 2.1%
1992 0.23% 2.12%
1991 0.12% 2.15%
1990 -0.03% 2.15%
1989 -0.14% 2.17%
1988 -0.12% 2.21%
1987 0.07% 2.25%
1986 0.38% 2.29%
1985 0.75% 2.33%
1984 1.07% 2.36%
1983 1.28% 2.38%
1982 1.3% 2.39%
1981 1.19% 2.4%
1980 1.01% 2.41%
1979 0.86% 2.42%
1978 0.81% 2.46%
1977 0.91% 2.51%
1976 1.11% 2.57%
1975 1.41% 2.63%
1974 1.64% 2.69%
1973 1.62% 2.75%
1972 1.23% 2.8%
1971 0.59% 2.84%
1970 -0.18% 2.87%
1969 -0.8% 2.9%
1968 -1.02% 2.94%
1967 -0.69% 2.98%
1966 0.02% 3.02%
1965 0.88% 3.05%
1964 1.63% 3.08%
1963 2.16% 3.08%
1962 2.32% 3.05%
1961 2.2% 3.01%

Data sources: United Nations | World Population Prospects (2026–2100, retrieved 2026-07-08); World Bank | Health (1961–2025, retrieved 2026-07-08).

GeoRank.org/population/montenegro/panama | CC BY

In 2025, the population of Montenegro declined by 0.06%, while Panama's population grew by 1.23%.

Live population counters

Montenegro Panama
Current population
613759
4654479
Population rank 166/197 128/197
Percent of world population 0.007% 0.06%
One net population change
22.2 hours
9.48 minutes
One birth every
1.25 hours
7.34 minutes
One death every
1.38 hours
23.7 minutes
Daily growth/decline -1 +152
Annual growth/decline -396 +55,612
Annual growth/decline rate -0.06% +1.23%
Population growth rate rank 163/197 82/197
One migration net change every
56.8 minutes
1.43 hours
Annual migration change -9,279 +6,151
Net migration rank 131/196 49/196
Foreign-born residents 92,237 477,749
Foreign-born residents rank 134/195 81/195
Foreign-born share of population 14.4% 10.6%
Foreign-born share rank 45/195 63/195

Natural population change vs migration

Montenegro
Natural

Migration
Panama
Natural

Migration
1x
Year Population change
Montenegro Panama
Natural Migration Natural Migration
2025 - -9,279 - 6,151
2024 624 -1,686 49,459 6,706
2023 686 12,000 50,197 7,262
2022 0 26,332 50,556 7,967
2021 -2,062 -2,344 46,747 5,473
2020 -188 -3,310 46,599 5,473
2019 627 -4,083 54,420 10,623
2018 752 -5,058 57,508 11,130
2017 939 -4,948 58,607 11,059
2016 1,125 -5,274 59,454 10,109
2015 1,062 -4,863 59,896 8,648
2014 1,560 -4,357 60,227 7,105
2013 1,557 -2,478 60,295 5,926
2012 1,554 -1,583 60,471 5,447
2011 1,365 0 60,411 5,167
2010 1,797 -2,276 59,418 4,953
2009 2,783 -3,456 59,168 4,765
2008 2,530 -3,326 58,961 4,568
2007 1,848 -3,056 58,454 4,330
2006 1,599 -2,735 58,067 4,087
2005 1,536 -2,247 58,014 3,843
2004 2,146 -1,997 58,281 3,596
2003 2,632 -3,178 57,458 3,352
2002 2,988 -3,357 57,011 3,099
2001 3,462 -3,511 56,654 2,856
2000 3,751 -3,734 56,236 2,602
1999 3,454 -3,487 55,911 2,341
1998 3,889 -3,326 55,482 2,084
1997 3,597 -3,077 55,060 1,820
1996 4,155 -3,051 54,512 1,533
1995 4,527 -3,082 54,069 1,221
1994 4,381 -2,889 53,845 899
1993 4,638 -2,835 53,591 560
1992 5,015 -2,942 53,186 182
1991 5,191 -2,630 53,079 -305
1990 5,010 -1,705 53,451 -854
1989 5,129 -1,730 52,295 -1,368
1988 5,529 -2,165 52,767 -1,750
1987 5,958 -2,569 52,690 -1,953
1986 6,097 -2,747 52,681 -2,136
1985 6,283 -3,013 52,573 -2,297
1984 6,337 -3,074 52,436 -2,435
1983 6,482 -3,190 51,880 -2,518
1982 6,419 -3,151 50,858 -2,554
1981 6,275 -2,287 50,018 -2,620
1980 6,383 -450 49,077 -2,701
1979 6,139 -718 48,362 -2,772
1978 6,408 -1,103 47,694 -2,811
1977 6,650 -1,364 47,438 -2,792
1976 6,845 -1,447 47,307 -2,727
1975 6,878 -1,588 47,149 -2,635
1974 6,919 -1,669 46,932 -2,531
1973 7,096 -1,778 46,540 -2,464
1972 7,252 -1,922 46,311 -2,448
1971 7,168 -1,856 45,867 -2,454
1970 7,069 -2,013 45,075 -2,476
1969 7,449 -2,456 44,278 -2,510
1968 7,497 -2,404 43,641 -2,528
1967 7,961 -2,519 43,054 -2,528
1966 8,661 -2,751 42,457 -2,500
1965 9,010 -2,743 41,604 -2,454
1964 9,227 -2,734 40,806 -2,418
1963 9,449 -2,800 39,872 -2,380
1962 9,402 -2,606 38,537 -2,377
1961 9,278 -2,254 37,100 -2,394
1960 9,144 -2,467 35,431 -2,409

Data sources: World Bank | Health (1960–2025, retrieved 2026-07-08).

GeoRank.org/population/montenegro/panama | CC BY

Over the last 10 years, 34.5% of the population change in Montenegro is from natural causes (a gain of 3,565 people) and 65.5% is from migration (a gain of 6,766 people). In Panama 86.3% is from natural causes (a gain of 533,443 people) and 13.7% is from migration (a gain of 84,450 people).

As of 2024, 92,237 residents or 14.4% of the population were not native-born in Montenegro, compared to 477,749 people or 10.6% in Panama.

Biggest cities by population

Montenegro
City Population
Podgorica 151K
Cetinje 14K
Plav 13.8K
Bar 13.7K
Budva 13.3K
Ulcinj 11.5K
Berane 11.1K
Mojkovac 3.59K
Kotor 961
Panama
City Population
Panama 1.54M
Colon 242K
Santiago de Veraguas 110K
Tocumen 103K
David 82.9K
La Chorrera 68.9K
Pacora 52.5K
Penonome 21.7K
Balboa 10K
Chitre 9.02K

Compare countries by 7 more topics

Population map with other countries

1x

Data sources: World Bank | Health (1960–2025, retrieved 2026-07-08); United Nations | World Population Prospects (1960–2026, retrieved 2026-07-08); U.S. Census Bureau (1960–2025, retrieved 2026-07-08); Central Intelligence Agency (CIA) (2000–2019, retrieved 2026-07-08).

GeoRank.org/population/montenegro/panama | CC BY

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Data sources:

  1. World Bank | Health (1960–2025, retrieved 2026-07-08)
  2. United Nations | World Population Prospects (1960–2100, retrieved 2026-07-08)
  3. U.S. Census Bureau (1960–2025, retrieved 2026-07-08)
  4. Wikidata (2026, retrieved 2026-07-08)
  5. Central Intelligence Agency (CIA) (2000–2019, retrieved 2026-07-08)

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