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

Updated on by Georank team

The latest officially reported population of Panama was 4,515,577 in 2024 vs 48,848,840 people in Spain in 2024. In 2026, based on the adjusted UN estimation, the current Panama's population is 4,642,198 people compared to 48,806,901 in Spain.

Population statistics:

  • Spain's population is 10.5 times bigger than Panama's.
  • Panama is ranked the 128th most populous country in the world, while Spain is the 32nd.
  • The countries together account for 0.64% of the world: 0.06% for Panama vs 0.59% for Spain.
  • For the last 10 years, Panama has had an average growth rate of +1.52% per year vs +0.43% in Spain.
  • Since 2006, the population of Panama has increased from 3.38M people to 4.64M (37.5% growth), while Spain has grown from 44.4M to 48.8M (9.93% growth).

Panama vs Spain: population by year and forecast

Panama
Factual

Projection
Spain
Factual

Projection
1x
Year Population
Panama Spain
2100 5,947,731 33,862,981
2099 5,958,919 34,039,965
2098 5,969,676 34,215,187
2097 5,979,860 34,387,116
2096 5,989,615 34,552,002
2095 5,998,960 34,719,411
2094 6,007,655 34,882,039
2093 6,015,893 35,044,043
2092 6,023,482 35,204,657
2091 6,030,584 35,366,895
2090 6,037,116 35,535,838
2089 6,043,194 35,707,942
2088 6,048,506 35,877,681
2087 6,053,252 36,043,209
2086 6,057,347 36,210,710
2085 6,060,940 36,386,207
2084 6,063,735 36,564,622
2083 6,065,863 36,749,680
2082 6,067,171 36,936,644
2081 6,067,635 37,133,976
2080 6,067,317 37,337,517
2079 6,066,164 37,551,557
2078 6,064,127 37,771,135
2077 6,061,297 38,002,963
2076 6,057,645 38,249,247
2075 6,053,134 38,506,040
2074 6,047,620 38,777,715
2073 6,041,318 39,056,249
2072 6,034,065 39,348,447
2071 6,026,051 39,642,346
2070 6,017,288 39,949,413
2069 6,007,621 40,256,590
2068 5,997,109 40,575,543
2067 5,985,932 40,893,798
2066 5,973,853 41,218,263
2065 5,961,039 41,543,254
2064 5,947,320 41,878,338
2063 5,932,822 42,208,320
2062 5,917,367 42,542,893
2061 5,900,972 42,874,096
2060 5,883,654 43,191,452
2059 5,865,433 43,506,737
2058 5,846,037 43,809,907
2057 5,825,696 44,112,668
2056 5,804,369 44,415,689
2055 5,781,900 44,691,749
2054 5,758,339 44,958,971
2053 5,733,538 45,223,225
2052 5,707,562 45,470,541
2051 5,680,231 45,695,307
2050 5,651,617 45,911,520
2049 5,621,841 46,127,777
2048 5,590,701 46,322,244
2047 5,558,382 46,510,152
2046 5,524,843 46,687,914
2045 5,490,228 46,858,778
2044 5,454,371 47,016,278
2043 5,417,316 47,158,325
2042 5,379,169 47,301,091
2041 5,339,872 47,434,593
2040 5,299,492 47,563,236
2039 5,257,983 47,685,343
2038 5,215,284 47,798,797
2037 5,171,497 47,910,899
2036 5,126,814 48,020,350
2035 5,081,210 48,124,430
2034 5,034,708 48,220,051
2033 4,987,247 48,311,842
2032 4,938,646 48,402,470
2031 4,889,260 48,495,278
2030 4,838,970 48,579,920
2029 4,787,654 48,648,699
2028 4,735,214 48,707,969
2027 4,681,847 48,758,200
2026 4,627,497 48,806,901
2025 4,572,106 48,838,057
2024 4,515,577 48,848,840
2023 4,458,759 48,352,528
2022 4,400,773 47,786,102
2021 4,345,405 47,443,821
2020 4,293,261 47,359,424
2019 4,234,700 47,118,501
2018 4,167,860 46,782,011
2017 4,098,707 46,571,232
2016 4,029,086 46,458,139
2015 3,960,035 46,422,303
2014 3,892,101 46,460,733
2013 3,825,329 46,604,197
2012 3,759,256 46,773,055
2011 3,693,505 46,742,697
2010 3,628,535 46,576,897
2009 3,564,381 46,362,946
2008 3,500,648 45,954,106
2007 3,437,490 45,226,803
2006 3,375,024 44,397,319
2005 3,313,026 43,653,155
2004 3,251,155 42,921,895
2003 3,189,807 42,187,645
2002 3,129,344 41,431,558
2001 3,069,537 40,850,412
2000 3,010,369 40,567,864
1999 2,951,822 40,386,875
1998 2,893,914 40,223,509
1997 2,836,695 40,057,389
1996 2,780,227 39,889,852
1995 2,724,557 39,724,050
1994 2,669,546 39,549,108
1993 2,615,099 39,361,262
1992 2,561,336 39,157,685
1991 2,508,265 38,966,376
1990 2,455,583 38,867,322
1989 2,403,820 38,827,764
1988 2,352,848 38,766,939
1987 2,301,970 38,684,815
1986 2,251,325 38,584,624
1985 2,200,915 38,469,512
1984 2,150,782 38,330,364
1983 2,101,106 38,171,525
1982 2,052,271 37,986,012
1981 2,004,418 37,758,631
1980 1,957,534 37,491,165
1979 1,911,552 37,191,330
1978 1,866,311 36,864,898
1977 1,821,543 36,511,638
1976 1,776,935 36,137,812
1975 1,732,389 35,757,900
1974 1,687,926 35,373,335
1973 1,643,690 34,988,947
1972 1,599,723 34,604,469
1971 1,556,081 34,224,490
1970 1,513,070 33,814,531
1969 1,470,886 33,441,054
1968 1,429,447 33,113,134
1967 1,388,628 32,682,947
1966 1,348,388 32,283,194
1965 1,308,835 31,954,292
1964 1,270,065 31,609,195
1963 1,232,124 31,296,651
1962 1,195,301 31,023,366
1961 1,159,870 30,739,250
1960 1,126,005 30,455,000

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/spain | CC BY

From 2006 to 2016, the population of Panama increased by 654,062 people (a 19.4% growth), while Spain gained 2,060,820 people (a 4.64% growth).

For the next 10 years, from 2016 to 2026, Panama gained 613,112 people (a 15.2% growth), while Spain's population increased by 2,348,762 people (a 5.06% growth).

Panama was ranked 128th most populous country in 2006 and is still 128th in 2026. Spain was ranked 28th in 2006 and ranked 32nd 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 Spain will decrease by 5.93% to 45,911,520 people and rank change from 32nd to 47th.

Panama is projected to reach its peak in 2081 at 6.07M people, while Spain's population already peaked in 2024 at 48.8M people and is projected to decrease to 33.9M people by 2100.

Population growth rate by year

Panama
Factual

Projection
Spain
Factual

Projection
1x
Year Growth rate
Panama Spain
2100 -0.19% -0.52%
2099 -0.18% -0.51%
2098 -0.17% -0.5%
2097 -0.16% -0.48%
2096 -0.16% -0.48%
2095 -0.14% -0.47%
2094 -0.14% -0.46%
2093 -0.13% -0.46%
2092 -0.12% -0.46%
2091 -0.11% -0.48%
2090 -0.1% -0.48%
2089 -0.09% -0.47%
2088 -0.08% -0.46%
2087 -0.07% -0.46%
2086 -0.06% -0.48%
2085 -0.05% -0.49%
2084 -0.04% -0.5%
2083 -0.02% -0.51%
2082 -0.008% -0.53%
2081 0.005% -0.55%
2080 0.02% -0.57%
2079 0.03% -0.58%
2078 0.05% -0.61%
2077 0.06% -0.64%
2076 0.07% -0.67%
2075 0.09% -0.7%
2074 0.1% -0.71%
2073 0.12% -0.74%
2072 0.13% -0.74%
2071 0.15% -0.77%
2070 0.16% -0.76%
2069 0.18% -0.79%
2068 0.19% -0.78%
2067 0.2% -0.79%
2066 0.21% -0.78%
2065 0.23% -0.8%
2064 0.24% -0.78%
2063 0.26% -0.79%
2062 0.28% -0.77%
2061 0.29% -0.73%
2060 0.31% -0.72%
2059 0.33% -0.69%
2058 0.35% -0.69%
2057 0.37% -0.68%
2056 0.39% -0.62%
2055 0.41% -0.59%
2054 0.43% -0.58%
2053 0.46% -0.54%
2052 0.48% -0.49%
2051 0.51% -0.47%
2050 0.53% -0.47%
2049 0.56% -0.42%
2048 0.58% -0.4%
2047 0.61% -0.38%
2046 0.63% -0.36%
2045 0.66% -0.33%
2044 0.68% -0.3%
2043 0.71% -0.3%
2042 0.74% -0.28%
2041 0.76% -0.27%
2040 0.79% -0.26%
2039 0.82% -0.24%
2038 0.85% -0.23%
2037 0.87% -0.23%
2036 0.9% -0.22%
2035 0.92% -0.2%
2034 0.95% -0.19%
2033 0.98% -0.19%
2032 1.01% -0.19%
2031 1.04% -0.17%
2030 1.07% -0.14%
2029 1.11% -0.12%
2028 1.14% -0.1%
2027 1.17% -0.1%
2026 1.21% -0.06%
2025 1.25% -0.02%
2024 1.27% 1.03%
2023 1.32% 1.19%
2022 1.27% 0.72%
2021 1.21% 0.18%
2020 1.38% 0.51%
2019 1.6% 0.72%
2018 1.69% 0.45%
2017 1.73% 0.24%
2016 1.74% 0.08%
2015 1.75% -0.08%
2014 1.75% -0.31%
2013 1.76% -0.36%
2012 1.78% 0.06%
2011 1.79% 0.36%
2010 1.8% 0.46%
2009 1.82% 0.89%
2008 1.84% 1.61%
2007 1.85% 1.87%
2006 1.87% 1.7%
2005 1.9% 1.7%
2004 1.92% 1.74%
2003 1.93% 1.82%
2002 1.95% 1.42%
2001 1.97% 0.7%
2000 1.98% 0.45%
1999 2% 0.41%
1998 2.02% 0.41%
1997 2.03% 0.42%
1996 2.04% 0.42%
1995 2.06% 0.44%
1994 2.08% 0.48%
1993 2.1% 0.52%
1992 2.12% 0.49%
1991 2.15% 0.25%
1990 2.15% 0.1%
1989 2.17% 0.16%
1988 2.21% 0.21%
1987 2.25% 0.26%
1986 2.29% 0.3%
1985 2.33% 0.36%
1984 2.36% 0.42%
1983 2.38% 0.49%
1982 2.39% 0.6%
1981 2.4% 0.71%
1980 2.41% 0.81%
1979 2.42% 0.89%
1978 2.46% 0.97%
1977 2.51% 1.03%
1976 2.57% 1.06%
1975 2.63% 1.09%
1974 2.69% 1.1%
1973 2.75% 1.11%
1972 2.8% 1.11%
1971 2.84% 1.21%
1970 2.87% 1.12%
1969 2.9% 0.99%
1968 2.94% 1.32%
1967 2.98% 1.24%
1966 3.02% 1.03%
1965 3.05% 1.09%
1964 3.08% 1%
1963 3.08% 0.88%
1962 3.05% 0.92%
1961 3.01% 0.93%

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/spain | CC BY

In 2024, the population of Panama grew by 1.27%, while Spain's population grew by 1.03%.

Live population counters

Panama Spain
Current population
4642198
48806901
Population rank 128/197 32/197
Percent of world population 0.06% 0.59%
One net population change
9.25 minutes
1.06 minutes
One birth every
7.35 minutes
1.62 minutes
One death every
24.7 minutes
1.21 minutes
Daily growth/decline +156 +1,360
Annual growth/decline +56,818 +496,312
Annual growth/decline rate +1.27% +1.03%
Population growth rate rank 83/197 100/197
One migration net change every
1.43 hours
5.45 minutes
Annual migration change +6,151 +96,630
Net migration rank 49/196 17/196
Foreign-born residents 477,749 8,870,527
Foreign-born residents rank 81/195 6/195
Foreign-born share of population 10.6% 18.5%
Foreign-born share rank 63/195 32/195

Natural population change vs migration

Panama
Natural

Migration
Spain
Natural

Migration
1x
Year Population change
Panama Spain
Natural Migration Natural Migration
2025 - 6,151 - 96,630
2024 - 6,706 - 111,674
2023 50,197 7,262 -111,211 119,099
2022 50,556 7,967 -133,801 299,779
2021 46,747 5,473 -113,865 144,385
2020 46,599 5,473 -151,551 236,854
2019 54,420 10,623 -56,542 464,783
2018 57,508 11,130 -56,139 337,467
2017 58,607 11,059 -32,600 201,135
2016 59,454 10,109 0 106,474
2015 59,896 8,648 -4,642 -1,979
2014 60,227 7,105 32,522 -97,870
2013 60,295 5,926 37,284 -250,741
2012 60,471 5,447 51,450 -153,486
2011 60,411 5,167 84,137 60,761
2010 59,418 4,953 102,469 69,406
2009 59,168 4,765 106,635 129,557
2008 58,961 4,568 133,267 434,135
2007 58,454 4,330 108,545 772,317
2006 58,067 4,087 110,994 659,720
2005 58,014 3,843 78,576 629,803
2004 58,281 3,596 85,844 661,158
2003 57,458 3,352 54,844 658,428
2002 57,011 3,099 53,861 737,880
2001 56,654 2,856 44,936 181,307
2000 56,236 2,602 36,512 176,269
1999 55,911 2,341 8,077 178,559
1998 55,482 2,084 4,022 182,926
1997 55,060 1,820 20,028 165,345
1996 54,512 1,533 11,967 162,704
1995 54,069 1,221 15,889 162,434
1994 53,845 899 31,639 160,407
1993 53,591 560 47,234 160,907
1992 53,186 182 62,652 177,544
1991 53,079 -305 58,450 122,841
1990 53,451 -854 66,075 -30,684
1989 52,295 -1,368 81,538 -25,892
1988 52,767 -1,750 100,794 -17,663
1987 52,690 -1,953 116,054 -12,681
1986 52,681 -2,136 131,188 -13,540
1985 52,573 -2,297 146,184 -589
1984 52,436 -2,435 172,487 2,754
1983 51,880 -2,518 183,223 1,241
1982 50,858 -2,554 231,714 -7,384
1981 50,018 -2,620 237,879 2,563
1980 49,077 -2,701 281,184 20,166
1979 48,362 -2,772 312,407 -5,929
1978 47,694 -2,811 339,157 -2,504
1977 47,438 -2,792 361,465 -1,332
1976 47,307 -2,727 375,834 2,804
1975 47,149 -2,635 371,882 -218
1974 46,932 -2,531 396,182 105,838
1973 46,540 -2,464 374,381 8,624
1972 46,311 -2,448 391,030 7,935
1971 45,867 -2,454 369,625 7,363
1970 45,075 -2,476 378,723 -60,580
1969 44,278 -2,510 367,851 -49,956
1968 43,641 -2,528 387,423 -46,088
1967 43,054 -2,528 402,001 -42,344
1966 42,457 -2,500 397,084 -41,467
1965 41,604 -2,454 405,819 -42,476
1964 40,806 -2,418 429,885 -41,461
1963 39,872 -2,380 394,338 -44,446
1962 38,537 -2,377 384,690 -45,211
1961 37,100 -2,394 396,537 -46,517
1960 35,431 -2,409 398,960 -154,869

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

GeoRank.org/population/panama/spain | 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 Spain 25.8% is from natural causes (a loss of 627,829 people) and 74.2% is from migration (a gain of 1,810,127 people).

As of 2024, 477,749 residents or 10.6% of the population were not native-born in Panama, compared to 8,870,527 people or 18.5% in Spain.

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
Spain
City Population
Madrid 3.51M
Barcelona 1.73M
Tenerife 955K
Valencia 841K
Zaragoza 693K
Seville 689K
Malaga 599K
Palma de Mallorca 435K
Las Palmas 382K
Alicante 366K

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/spain | 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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