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

Updated on by Georank team

The latest officially reported population of Panama was 4,515,577 in 2024 vs 6,586,476 people in Serbia in 2024. In 2026, based on the adjusted UN estimation, the current Panama's population is 4,642,198 people compared to 6,494,521 in Serbia.

Population statistics:

  • Serbia's population is 1.4 times bigger than Panama's.
  • Panama is ranked the 128th most populous country in the world, while Serbia is the 110th.
  • The countries together account for 0.13% of the world: 0.06% for Panama vs 0.08% for Serbia.
  • For the last 10 years, Panama has had an average growth rate of +1.52% per year vs -0.76% in Serbia.
  • Since 2006, the population of Panama has increased from 3.38M people to 4.64M (37.5% growth), while Serbia has declined from 7.41M to 6.49M (12.4% decline).

Panama vs Serbia: population by year and forecast

Panama
Factual

Projection
Serbia
Factual

Projection
1x
Year Population
Panama Serbia
2100 5,947,731 3,621,418
2099 5,958,919 3,649,584
2098 5,969,676 3,677,789
2097 5,979,860 3,706,279
2096 5,989,615 3,734,933
2095 5,998,960 3,763,769
2094 6,007,655 3,792,851
2093 6,015,893 3,822,147
2092 6,023,482 3,851,865
2091 6,030,584 3,881,833
2090 6,037,116 3,911,964
2089 6,043,194 3,942,571
2088 6,048,506 3,973,274
2087 6,053,252 4,004,485
2086 6,057,347 4,036,066
2085 6,060,940 4,068,021
2084 6,063,735 4,100,403
2083 6,065,863 4,133,391
2082 6,067,171 4,166,924
2081 6,067,635 4,200,811
2080 6,067,317 4,235,306
2079 6,066,164 4,270,442
2078 6,064,127 4,306,246
2077 6,061,297 4,342,382
2076 6,057,645 4,378,754
2075 6,053,134 4,415,505
2074 6,047,620 4,452,888
2073 6,041,318 4,490,589
2072 6,034,065 4,528,672
2071 6,026,051 4,567,167
2070 6,017,288 4,606,212
2069 6,007,621 4,645,524
2068 5,997,109 4,685,090
2067 5,985,932 4,724,796
2066 5,973,853 4,764,445
2065 5,961,039 4,804,405
2064 5,947,320 4,844,434
2063 5,932,822 4,884,574
2062 5,917,367 4,924,899
2061 5,900,972 4,964,985
2060 5,883,654 5,005,138
2059 5,865,433 5,045,125
2058 5,846,037 5,085,292
2057 5,825,696 5,125,901
2056 5,804,369 5,166,530
2055 5,781,900 5,207,137
2054 5,758,339 5,247,793
2053 5,733,538 5,288,369
2052 5,707,562 5,329,487
2051 5,680,231 5,371,281
2050 5,651,617 5,413,067
2049 5,621,841 5,455,402
2048 5,590,701 5,498,031
2047 5,558,382 5,541,158
2046 5,524,843 5,584,824
2045 5,490,228 5,629,108
2044 5,454,371 5,673,908
2043 5,417,316 5,719,287
2042 5,379,169 5,765,400
2041 5,339,872 5,811,936
2040 5,299,492 5,858,464
2039 5,257,983 5,905,404
2038 5,215,284 5,952,107
2037 5,171,497 5,998,763
2036 5,126,814 6,045,097
2035 5,081,210 6,091,385
2034 5,034,708 6,137,447
2033 4,987,247 6,183,536
2032 4,938,646 6,229,136
2031 4,889,260 6,274,395
2030 4,838,970 6,319,422
2029 4,787,654 6,363,799
2028 4,735,214 6,407,914
2027 4,681,847 6,451,609
2026 4,627,497 6,494,521
2025 4,572,106 6,543,364
2024 4,515,577 6,586,476
2023 4,458,759 6,623,183
2022 4,400,773 6,664,449
2021 4,345,405 6,834,326
2020 4,293,261 6,899,126
2019 4,234,700 6,945,235
2018 4,167,860 6,982,604
2017 4,098,707 7,020,858
2016 4,029,086 7,058,322
2015 3,960,035 7,095,383
2014 3,892,101 7,131,787
2013 3,825,329 7,166,553
2012 3,759,256 7,201,497
2011 3,693,505 7,236,519
2010 3,628,535 7,291,436
2009 3,564,381 7,320,807
2008 3,500,648 7,350,222
2007 3,437,490 7,381,579
2006 3,375,024 7,411,569
2005 3,313,026 7,440,769
2004 3,251,155 7,463,157
2003 3,189,807 7,480,591
2002 3,129,344 7,500,031
2001 3,069,537 7,503,433
2000 3,010,369 7,516,346
1999 2,951,822 7,540,401
1998 2,893,914 7,567,745
1997 2,836,695 7,598,538
1996 2,780,227 7,622,185
1995 2,724,557 7,628,264
1994 2,669,546 7,622,711
1993 2,615,099 7,614,328
1992 2,561,336 7,604,063
1991 2,508,265 7,595,636
1990 2,455,583 7,897,937
1989 2,403,820 7,893,787
1988 2,352,848 7,884,218
1987 2,301,970 7,868,027
1986 2,251,325 7,853,824
1985 2,200,915 7,835,902
1984 2,150,782 7,813,549
1983 2,101,106 7,788,100
1982 2,052,271 7,763,335
1981 2,004,418 7,736,787
1980 1,957,534 7,709,544
1979 1,911,552 7,541,997
1978 1,866,311 7,504,017
1977 1,821,543 7,462,783
1976 1,776,935 7,418,973
1975 1,732,389 7,368,717
1974 1,687,926 7,326,043
1973 1,643,690 7,283,902
1972 1,599,723 7,252,012
1971 1,556,081 7,211,716
1970 1,513,070 7,164,993
1969 1,470,886 7,123,249
1968 1,429,447 7,007,586
1967 1,388,628 6,966,522
1966 1,348,388 6,927,969
1965 1,308,835 6,876,624
1964 1,270,065 6,832,855
1963 1,232,124 6,787,950
1962 1,195,301 6,740,264
1961 1,159,870 6,689,077
1960 1,126,005 6,638,992

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/serbia | CC BY

From 2006 to 2016, the population of Panama increased by 654,062 people (a 19.4% growth), while Serbia lost 353,247 people (a 4.77% decline).

For the next 10 years, from 2016 to 2026, Panama gained 613,112 people (a 15.2% growth), while Serbia's population decreased by 563,801 people (a 7.99% decline).

Panama was ranked 128th most populous country in 2006 and is still 128th in 2026. Serbia was ranked 97th in 2006 and ranked 110th 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 Serbia will decrease by 16.7% to 5,413,067 people and rank change from 110th to 125th.

Panama is projected to reach its peak in 2081 at 6.07M people, while Serbia's population already peaked in 1990 at 7.9M people and is projected to decrease to 3.62M people by 2100.

Population growth rate by year

Panama
Factual

Projection
Serbia
Factual

Projection
1x
Year Growth rate
Panama Serbia
2100 -0.19% -0.77%
2099 -0.18% -0.77%
2098 -0.17% -0.77%
2097 -0.16% -0.77%
2096 -0.16% -0.77%
2095 -0.14% -0.77%
2094 -0.14% -0.77%
2093 -0.13% -0.77%
2092 -0.12% -0.77%
2091 -0.11% -0.77%
2090 -0.1% -0.78%
2089 -0.09% -0.77%
2088 -0.08% -0.78%
2087 -0.07% -0.78%
2086 -0.06% -0.79%
2085 -0.05% -0.79%
2084 -0.04% -0.8%
2083 -0.02% -0.8%
2082 -0.008% -0.81%
2081 0.005% -0.81%
2080 0.02% -0.82%
2079 0.03% -0.83%
2078 0.05% -0.83%
2077 0.06% -0.83%
2076 0.07% -0.83%
2075 0.09% -0.84%
2074 0.1% -0.84%
2073 0.12% -0.84%
2072 0.13% -0.84%
2071 0.15% -0.85%
2070 0.16% -0.85%
2069 0.18% -0.84%
2068 0.19% -0.84%
2067 0.2% -0.83%
2066 0.21% -0.83%
2065 0.23% -0.83%
2064 0.24% -0.82%
2063 0.26% -0.82%
2062 0.28% -0.81%
2061 0.29% -0.8%
2060 0.31% -0.79%
2059 0.33% -0.79%
2058 0.35% -0.79%
2057 0.37% -0.79%
2056 0.39% -0.78%
2055 0.41% -0.77%
2054 0.43% -0.77%
2053 0.46% -0.77%
2052 0.48% -0.78%
2051 0.51% -0.77%
2050 0.53% -0.78%
2049 0.56% -0.78%
2048 0.58% -0.78%
2047 0.61% -0.78%
2046 0.63% -0.79%
2045 0.66% -0.79%
2044 0.68% -0.79%
2043 0.71% -0.8%
2042 0.74% -0.8%
2041 0.76% -0.79%
2040 0.79% -0.79%
2039 0.82% -0.78%
2038 0.85% -0.78%
2037 0.87% -0.77%
2036 0.9% -0.76%
2035 0.92% -0.75%
2034 0.95% -0.75%
2033 0.98% -0.73%
2032 1.01% -0.72%
2031 1.04% -0.71%
2030 1.07% -0.7%
2029 1.11% -0.69%
2028 1.14% -0.68%
2027 1.17% -0.66%
2026 1.21% -0.75%
2025 1.25% -0.65%
2024 1.27% -0.55%
2023 1.32% -0.62%
2022 1.27% -2.49%
2021 1.21% -0.94%
2020 1.38% -0.66%
2019 1.6% -0.54%
2018 1.69% -0.54%
2017 1.73% -0.53%
2016 1.74% -0.52%
2015 1.75% -0.51%
2014 1.75% -0.49%
2013 1.76% -0.49%
2012 1.78% -0.48%
2011 1.79% -0.75%
2010 1.8% -0.4%
2009 1.82% -0.4%
2008 1.84% -0.42%
2007 1.85% -0.4%
2006 1.87% -0.39%
2005 1.9% -0.3%
2004 1.92% -0.23%
2003 1.93% -0.26%
2002 1.95% -0.05%
2001 1.97% -0.17%
2000 1.98% -0.32%
1999 2% -0.36%
1998 2.02% -0.41%
1997 2.03% -0.31%
1996 2.04% -0.08%
1995 2.06% 0.07%
1994 2.08% 0.11%
1993 2.1% 0.13%
1992 2.12% 0.11%
1991 2.15% -3.83%
1990 2.15% 0.05%
1989 2.17% 0.12%
1988 2.21% 0.21%
1987 2.25% 0.18%
1986 2.29% 0.23%
1985 2.33% 0.29%
1984 2.36% 0.33%
1983 2.38% 0.32%
1982 2.39% 0.34%
1981 2.4% 0.35%
1980 2.41% 2.22%
1979 2.42% 0.51%
1978 2.46% 0.55%
1977 2.51% 0.59%
1976 2.57% 0.68%
1975 2.63% 0.58%
1974 2.69% 0.58%
1973 2.75% 0.44%
1972 2.8% 0.56%
1971 2.84% 0.65%
1970 2.87% 0.59%
1969 2.9% 1.65%
1968 2.94% 0.59%
1967 2.98% 0.56%
1966 3.02% 0.75%
1965 3.05% 0.64%
1964 3.08% 0.66%
1963 3.08% 0.71%
1962 3.05% 0.77%
1961 3.01% 0.75%

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/serbia | CC BY

In 2024, the population of Panama grew by 1.27%, while Serbia's population declined by 0.55%.

Live population counters

Panama Serbia
Current population
4642198
6494521
Population rank 128/197 110/197
Percent of world population 0.06% 0.08%
One net population change
9.25 minutes
14.3 minutes
One birth every
7.35 minutes
8.63 minutes
One death every
24.7 minutes
5.4 minutes
Daily growth/decline +156 -101
Annual growth/decline +56,818 -36,707
Annual growth/decline rate +1.27% -0.55%
Population growth rate rank 83/197 189/197
One migration net change every
1.43 hours
40.3 minutes
Annual migration change +6,151 -13,086
Net migration rank 49/196 140/196
Foreign-born residents 477,749 712,550
Foreign-born residents rank 81/195 70/195
Foreign-born share of population 10.6% 10.6%
Foreign-born share rank 63/195 64/195

Natural population change vs migration

Panama
Natural

Migration
Serbia
Natural

Migration
1x
Year Population change
Panama Serbia
Natural Migration Natural Migration
2025 - 6,151 - -13,086
2024 - 6,706 - -8,132
2023 50,197 7,262 -36,427 4,348
2022 50,556 7,967 -46,651 40,118
2021 46,747 5,473 -74,494 -8,974
2020 46,599 5,473 -55,193 -10,220
2019 54,420 10,623 -36,810 -18,891
2018 57,508 11,130 -37,707 -18,883
2017 58,607 11,059 -39,317 -18,651
2016 59,454 10,109 -35,998 -18,322
2015 59,896 8,648 -37,605 -18,789
2014 60,227 7,105 -34,946 -18,846
2013 60,295 5,926 -34,399 -17,866
2012 60,471 5,447 -35,288 -18,513
2011 60,411 5,167 -36,906 611
2010 59,418 4,953 -34,999 3,632
2009 59,168 4,765 -33,676 6,043
2008 58,961 4,568 -33,590 7,070
2007 58,454 4,330 -34,693 7,045
2006 58,067 4,087 -31,870 8,018
2005 58,014 3,843 -34,227 7,945
2004 58,281 3,596 -26,121 7,300
2003 57,458 3,352 -24,686 6,854
2002 57,011 3,099 -24,750 1,562
2001 56,654 2,856 -20,259 -12,007
2000 56,236 2,602 -30,065 -14,368
1999 55,911 2,341 -29,408 -4,073
1998 55,482 2,084 -23,006 -5,665
1997 55,060 1,820 -18,389 -5,817
1996 54,512 1,533 -16,007 -5,598
1995 54,069 1,221 -7,628 -6,019
1994 53,845 899 -7,157 -5,934
1993 53,591 560 -5,703 -5,972
1992 53,186 182 -3,779 -4,415
1991 53,079 -305 2,210 -8,483
1990 53,451 -854 7,416 -16,260
1989 52,295 -1,368 11,872 -16,360
1988 52,767 -1,750 13,852 -15,715
1987 52,690 -1,953 16,711 -16,686
1986 52,681 -2,136 19,407 -17,990
1985 52,573 -2,297 22,090 -17,646
1984 52,436 -2,435 23,815 -15,567
1983 51,880 -2,518 27,515 -15,301
1982 50,858 -2,554 30,603 -13,550
1981 50,018 -2,620 34,304 -8,531
1980 49,077 -2,701 36,273 287
1979 48,362 -2,772 39,022 -960
1978 47,694 -2,811 43,636 -1,481
1977 47,438 -2,792 48,105 -1,953
1976 47,307 -2,727 51,399 -2,744
1975 47,149 -2,635 52,502 -3,490
1974 46,932 -2,531 51,583 -3,525
1973 46,540 -2,464 49,596 -2,396
1972 46,311 -2,448 48,248 -348
1971 45,867 -2,454 47,424 1,655
1970 45,075 -2,476 48,343 1,861
1969 44,278 -2,510 50,304 4,112
1968 43,641 -2,528 51,653 5,430
1967 43,054 -2,528 53,120 6,114
1966 42,457 -2,500 53,338 7,037
1965 41,604 -2,454 53,383 7,957
1964 40,806 -2,418 54,185 8,045
1963 39,872 -2,380 55,580 8,276
1962 38,537 -2,377 59,307 6,064
1961 37,100 -2,394 61,065 6,422
1960 35,431 -2,409 63,642 4,377

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

GeoRank.org/population/panama/serbia | 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 Serbia 83.3% is from natural causes (a loss of 435,148 people) and 16.7% is from migration (a loss of 87,110 people).

As of 2024, 477,749 residents or 10.6% of the population were not native-born in Panama, compared to 712,550 people or 10.6% in Serbia.

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
Serbia
City Population
Belgrade 1.2M
Novi Sad 260K
Pristina 227K
Nis 183K
Kragujevac 151K
Subotica 106K
Valjevo 90.3K
Cacak 71.9K
Mitrovica 71.6K
Novi Pazar 66.5K

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/serbia | 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. Wikidata (2026, retrieved 2026-02-08)
  5. Central Intelligence Agency (CIA) (2000–2019, retrieved 2026-02-20)

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