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

Updated on by Georank team

The latest officially reported population of Panama was 4,515,577 in 2024 vs 6,929,153 people in Paraguay in 2024. In 2026, based on the adjusted UN estimation, the current Panama's population is 4,642,198 people compared to 7,120,169 in Paraguay.

Population statistics:

  • Paraguay's population is 1.53 times bigger than Panama's.
  • Panama is ranked the 128th most populous country in the world, while Paraguay is the 108th.
  • The countries together account for 0.14% of the world: 0.06% for Panama vs 0.09% for Paraguay.
  • For the last 10 years, Panama has had an average growth rate of +1.52% per year vs +1.34% in Paraguay.
  • Since 2006, the population of Panama has increased from 3.38M people to 4.64M (37.5% growth), while Paraguay has grown from 5.51M to 7.12M (29.3% growth).

Panama vs Paraguay: population by year and forecast

Panama
Factual

Projection
Paraguay
Factual

Projection
1x
Year Population
Panama Paraguay
2100 5,947,731 9,114,469
2099 5,958,919 9,134,868
2098 5,969,676 9,153,773
2097 5,979,860 9,171,880
2096 5,989,615 9,188,931
2095 5,998,960 9,204,812
2094 6,007,655 9,219,996
2093 6,015,893 9,234,274
2092 6,023,482 9,247,659
2091 6,030,584 9,260,551
2090 6,037,116 9,272,453
2089 6,043,194 9,283,984
2088 6,048,506 9,293,775
2087 6,053,252 9,302,722
2086 6,057,347 9,311,508
2085 6,060,940 9,319,285
2084 6,063,735 9,325,447
2083 6,065,863 9,331,054
2082 6,067,171 9,335,846
2081 6,067,635 9,340,017
2080 6,067,317 9,342,618
2079 6,066,164 9,344,195
2078 6,064,127 9,344,403
2077 6,061,297 9,343,525
2076 6,057,645 9,341,603
2075 6,053,134 9,337,944
2074 6,047,620 9,332,883
2073 6,041,318 9,326,126
2072 6,034,065 9,317,685
2071 6,026,051 9,307,917
2070 6,017,288 9,296,216
2069 6,007,621 9,282,854
2068 5,997,109 9,268,086
2067 5,985,932 9,251,858
2066 5,973,853 9,233,146
2065 5,961,039 9,212,933
2064 5,947,320 9,190,368
2063 5,932,822 9,165,372
2062 5,917,367 9,138,205
2061 5,900,972 9,109,701
2060 5,883,654 9,079,572
2059 5,865,433 9,047,300
2058 5,846,037 9,011,957
2057 5,825,696 8,975,110
2056 5,804,369 8,936,412
2055 5,781,900 8,896,115
2054 5,758,339 8,853,974
2053 5,733,538 8,810,350
2052 5,707,562 8,764,844
2051 5,680,231 8,717,773
2050 5,651,617 8,669,516
2049 5,621,841 8,619,672
2048 5,590,701 8,568,157
2047 5,558,382 8,515,265
2046 5,524,843 8,460,084
2045 5,490,228 8,404,136
2044 5,454,371 8,346,996
2043 5,417,316 8,288,781
2042 5,379,169 8,228,904
2041 5,339,872 8,168,202
2040 5,299,492 8,106,496
2039 5,257,983 8,043,273
2038 5,215,284 7,978,464
2037 5,171,497 7,912,690
2036 5,126,814 7,845,468
2035 5,081,210 7,777,137
2034 5,034,708 7,707,832
2033 4,987,247 7,636,950
2032 4,938,646 7,564,485
2031 4,889,260 7,490,891
2030 4,838,970 7,415,529
2029 4,787,654 7,338,535
2028 4,735,214 7,259,813
2027 4,681,847 7,179,864
2026 4,627,497 7,098,035
2025 4,572,106 7,014,448
2024 4,515,577 6,929,153
2023 4,458,759 6,844,146
2022 4,400,773 6,760,464
2021 4,345,405 6,684,182
2020 4,293,261 6,603,739
2019 4,234,700 6,515,058
2018 4,167,860 6,427,382
2017 4,098,707 6,338,660
2016 4,029,086 6,249,126
2015 3,960,035 6,159,103
2014 3,892,101 6,069,811
2013 3,825,329 5,982,445
2012 3,759,256 5,897,008
2011 3,693,505 5,814,626
2010 3,628,535 5,737,971
2009 3,564,381 5,671,236
2008 3,500,648 5,613,574
2007 3,437,490 5,559,386
2006 3,375,024 5,505,148
2005 3,313,026 5,448,097
2004 3,251,155 5,388,175
2003 3,189,807 5,326,436
2002 3,129,344 5,261,328
2001 3,069,537 5,187,689
2000 3,010,369 5,100,868
1999 2,951,822 5,003,135
1998 2,893,914 4,900,025
1997 2,836,695 4,794,412
1996 2,780,227 4,687,543
1995 2,724,557 4,579,806
1994 2,669,546 4,471,417
1993 2,615,099 4,362,696
1992 2,561,336 4,253,600
1991 2,508,265 4,144,364
1990 2,455,583 4,035,747
1989 2,403,820 3,927,802
1988 2,352,848 3,820,546
1987 2,301,970 3,714,889
1986 2,251,325 3,611,474
1985 2,200,915 3,510,671
1984 2,150,782 3,412,936
1983 2,101,106 3,318,068
1982 2,052,271 3,226,189
1981 2,004,418 3,137,604
1980 1,957,534 3,053,235
1979 1,911,552 2,973,968
1978 1,866,311 2,899,269
1977 1,821,543 2,827,874
1976 1,776,935 2,758,836
1975 1,732,389 2,691,648
1974 1,687,926 2,625,621
1973 1,643,690 2,561,102
1972 1,599,723 2,499,881
1971 1,556,081 2,442,537
1970 1,513,070 2,388,028
1969 1,470,886 2,334,992
1968 1,429,447 2,282,391
1967 1,388,628 2,229,994
1966 1,348,388 2,177,584
1965 1,308,835 2,125,177
1964 1,270,065 2,073,119
1963 1,232,124 2,021,909
1962 1,195,301 1,973,130
1961 1,159,870 1,927,394
1960 1,126,005 1,883,514

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/panama/paraguay | CC BY

From 2006 to 2016, the population of Panama increased by 654,062 people (a 19.4% growth), while Paraguay gained 743,978 people (a 13.5% growth).

For the next 10 years, from 2016 to 2026, Panama gained 613,112 people (a 15.2% growth), while Paraguay's population increased by 871,043 people (a 13.9% growth).

Panama was ranked 128th most populous country in 2006 and is still 128th in 2026. Paraguay was ranked 107th in 2006 and ranked 108th now.

The UN's World Population Prospects forecasts that in 24 years (in 2050) Panama's population will grow by 21.7% to 5,651,617 people with a rank change from 128th to 124th. The population of Paraguay will increase by 21.8% to 8,669,516 people and rank change from 108th to 110th.

Panama is projected to reach its peak in 2081 at 6.07M people compared to the peak of 9.34M people in 2078 for Paraguay.

Population growth rate by year

Panama
Factual

Projection
Paraguay
Factual

Projection
1x
Year Growth rate
Panama Paraguay
2100 -0.19% -0.22%
2099 -0.18% -0.21%
2098 -0.17% -0.2%
2097 -0.16% -0.19%
2096 -0.16% -0.17%
2095 -0.14% -0.16%
2094 -0.14% -0.15%
2093 -0.13% -0.14%
2092 -0.12% -0.14%
2091 -0.11% -0.13%
2090 -0.1% -0.12%
2089 -0.09% -0.11%
2088 -0.08% -0.1%
2087 -0.07% -0.09%
2086 -0.06% -0.08%
2085 -0.05% -0.07%
2084 -0.04% -0.06%
2083 -0.02% -0.05%
2082 -0.008% -0.04%
2081 0.005% -0.03%
2080 0.02% -0.02%
2079 0.03% -0.002%
2078 0.05% 0.009%
2077 0.06% 0.02%
2076 0.07% 0.04%
2075 0.09% 0.05%
2074 0.1% 0.07%
2073 0.12% 0.09%
2072 0.13% 0.1%
2071 0.15% 0.13%
2070 0.16% 0.14%
2069 0.18% 0.16%
2068 0.19% 0.18%
2067 0.2% 0.2%
2066 0.21% 0.22%
2065 0.23% 0.25%
2064 0.24% 0.27%
2063 0.26% 0.3%
2062 0.28% 0.31%
2061 0.29% 0.33%
2060 0.31% 0.36%
2059 0.33% 0.39%
2058 0.35% 0.41%
2057 0.37% 0.43%
2056 0.39% 0.45%
2055 0.41% 0.48%
2054 0.43% 0.5%
2053 0.46% 0.52%
2052 0.48% 0.54%
2051 0.51% 0.56%
2050 0.53% 0.58%
2049 0.56% 0.6%
2048 0.58% 0.62%
2047 0.61% 0.65%
2046 0.63% 0.67%
2045 0.66% 0.68%
2044 0.68% 0.7%
2043 0.71% 0.73%
2042 0.74% 0.74%
2041 0.76% 0.76%
2040 0.79% 0.79%
2039 0.82% 0.81%
2038 0.85% 0.83%
2037 0.87% 0.86%
2036 0.9% 0.88%
2035 0.92% 0.9%
2034 0.95% 0.93%
2033 0.98% 0.96%
2032 1.01% 0.98%
2031 1.04% 1.02%
2030 1.07% 1.05%
2029 1.11% 1.08%
2028 1.14% 1.11%
2027 1.17% 1.15%
2026 1.21% 1.19%
2025 1.25% 1.23%
2024 1.27% 1.24%
2023 1.32% 1.24%
2022 1.27% 1.14%
2021 1.21% 1.22%
2020 1.38% 1.36%
2019 1.6% 1.36%
2018 1.69% 1.4%
2017 1.73% 1.43%
2016 1.74% 1.46%
2015 1.75% 1.47%
2014 1.75% 1.46%
2013 1.76% 1.45%
2012 1.78% 1.42%
2011 1.79% 1.34%
2010 1.8% 1.18%
2009 1.82% 1.03%
2008 1.84% 0.97%
2007 1.85% 0.99%
2006 1.87% 1.05%
2005 1.9% 1.11%
2004 1.92% 1.16%
2003 1.93% 1.24%
2002 1.95% 1.42%
2001 1.97% 1.7%
2000 1.98% 1.95%
1999 2% 2.1%
1998 2.02% 2.2%
1997 2.03% 2.28%
1996 2.04% 2.35%
1995 2.06% 2.42%
1994 2.08% 2.49%
1993 2.1% 2.56%
1992 2.12% 2.64%
1991 2.15% 2.69%
1990 2.15% 2.75%
1989 2.17% 2.81%
1988 2.21% 2.84%
1987 2.25% 2.86%
1986 2.29% 2.87%
1985 2.33% 2.86%
1984 2.36% 2.86%
1983 2.38% 2.85%
1982 2.39% 2.82%
1981 2.4% 2.76%
1980 2.41% 2.67%
1979 2.42% 2.58%
1978 2.46% 2.52%
1977 2.51% 2.5%
1976 2.57% 2.5%
1975 2.63% 2.51%
1974 2.69% 2.52%
1973 2.75% 2.45%
1972 2.8% 2.35%
1971 2.84% 2.28%
1970 2.87% 2.27%
1969 2.9% 2.3%
1968 2.94% 2.35%
1967 2.98% 2.41%
1966 3.02% 2.47%
1965 3.05% 2.51%
1964 3.08% 2.53%
1963 3.08% 2.47%
1962 3.05% 2.37%
1961 3.01% 2.33%

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/panama/paraguay | CC BY

In 2024, the population of Panama grew by 1.27%, while Paraguay's population grew by 1.24%.

Live population counters

Panama Paraguay
Current population
4642198
7120169
Population rank 128/197 108/197
Percent of world population 0.06% 0.09%
One net population change
9.25 minutes
6.18 minutes
One birth every
7.35 minutes
3.84 minutes
One death every
24.7 minutes
13.5 minutes
Daily growth/decline +156 +233
Annual growth/decline +56,818 +85,007
Annual growth/decline rate +1.27% +1.24%
Population growth rate rank 83/197 87/197
One migration net change every
1.43 hours
42.4 minutes
Annual migration change +6,151 -12,423
Net migration rank 49/196 137/196
Foreign-born residents 477,749 180,837
Foreign-born residents rank 81/195 119/195
Foreign-born share of population 10.6% 2.6%
Foreign-born share rank 63/195 123/195

Natural population change vs migration

Panama
Natural

Migration
Paraguay
Natural

Migration
1x
Year Population change
Panama Paraguay
Natural Migration Natural Migration
2025 - 6,151 - -12,423
2024 - 6,706 - -12,451
2023 50,197 7,262 97,748 -12,500
2022 50,556 7,967 94,627 -12,500
2021 46,747 5,473 78,667 -8,226
2020 46,599 5,473 98,667 -8,226
2019 54,420 10,623 103,179 -16,263
2018 57,508 11,130 104,908 -16,472
2017 58,607 11,059 105,634 -16,630
2016 59,454 10,109 106,804 -16,737
2015 59,896 8,648 106,817 -16,834
2014 60,227 7,105 105,585 -16,989
2013 60,295 5,926 103,383 -17,232
2012 60,471 5,447 102,508 -17,763
2011 60,411 5,167 100,442 -20,427
2010 59,418 4,953 99,456 -26,169
2009 59,168 4,765 100,296 -40,112
2008 58,961 4,568 99,821 -44,679
2007 58,454 4,330 99,141 -45,914
2006 58,067 4,087 99,808 -44,568
2005 58,014 3,843 101,035 -42,173
2004 58,281 3,596 101,896 -40,907
2003 57,458 3,352 102,427 -39,941
2002 57,011 3,099 104,658 -36,918
2001 56,654 2,856 107,225 -27,676
2000 56,236 2,602 109,979 -15,884
1999 55,911 2,341 112,726 -11,362
1998 55,482 2,084 114,122 -9,276
1997 55,060 1,820 115,095 -8,704
1996 54,512 1,533 115,623 -8,273
1995 54,069 1,221 115,777 -7,653
1994 53,845 899 115,662 -6,999
1993 53,591 560 115,211 -6,431
1992 53,186 182 115,442 -6,035
1991 53,079 -305 114,472 -5,420
1990 53,451 -854 112,864 -4,685
1989 52,295 -1,368 111,727 -4,009
1988 52,767 -1,750 110,348 -3,557
1987 52,690 -1,953 107,962 -3,445
1986 52,681 -2,136 105,776 -3,460
1985 52,573 -2,297 102,859 -3,562
1984 52,436 -2,435 99,937 -3,769
1983 51,880 -2,518 96,406 -2,845
1982 50,858 -2,554 92,917 -2,725
1981 50,018 -2,620 89,456 -2,477
1980 49,077 -2,701 84,568 -2,808
1979 48,362 -2,772 80,345 -3,570
1978 47,694 -2,811 76,691 -4,066
1977 47,438 -2,792 74,359 -4,201
1976 47,307 -2,727 71,973 -4,066
1975 47,149 -2,635 70,285 -3,807
1974 46,932 -2,531 69,059 -3,478
1973 46,540 -2,464 67,803 -4,346
1972 46,311 -2,448 66,625 -7,642
1971 45,867 -2,454 66,142 -10,446
1970 45,075 -2,476 65,905 -12,579
1969 44,278 -2,510 65,616 -12,859
1968 43,641 -2,528 65,575 -13,132
1967 43,054 -2,528 65,695 -13,346
1966 42,457 -2,500 66,002 -13,538
1965 41,604 -2,454 66,063 -13,715
1964 40,806 -2,418 65,681 -13,915
1963 39,872 -2,380 64,741 -14,086
1962 38,537 -2,377 63,079 -16,175
1961 37,100 -2,394 61,536 -16,972
1960 35,431 -2,409 60,009 -16,811

Data sources: World Bank | Health (1960–2025, retrieved 2026-04-06).

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

Over the last 10 years, 86.5% of the population change in Panama is from natural causes (a gain of 544,211 people) and 13.5% is from migration (a gain of 84,849 people). In Paraguay 87.6% is from natural causes (a gain of 1,002,636 people) and 12.4% is from migration (a loss of 141,377 people).

As of 2024, 477,749 residents or 10.6% of the population were not native-born in Panama, compared to 180,837 people or 2.6% in Paraguay.

Biggest cities by population

Panama
City Population
Panama 410K
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
Paraguay
City Population
Asuncion 462K
Ciudad del Este 350K
Luque 260K
San Lorenzo 225K
Pedro Juan Caballero 127K
Caaguazu 127K
Encarnacion 107K
Coronel Oviedo 52.4K
Concepcion 45.1K

Compare countries by 7 more topics

Population map with other countries

1x

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/panama/paraguay | CC BY

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Data sources:

  1. World Bank | Health (1960–2025, retrieved 2026-04-06)
  2. United Nations | World Population Prospects (1960–2100, retrieved 2026-03-10)
  3. U.S. Census Bureau (1960–2025, retrieved 2026-02-08)
  4. Central Intelligence Agency (CIA) (2000–2019, retrieved 2026-02-20)
  5. Wikidata (2026, retrieved 2026-02-08)

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