Population
4.3M
Unitary presidential republic
GDP per capita, PPP
$59,078
in 2031
Passport power
#68
88 visa-free destinations
Top-rated city
Panama City
of 14 cities rated
Country overview
- Official name
- Republic of Panama
- Capital
- Panama City
- Continent
- North America / Central America
- Area
- 75,417 km²
- Population
- 4.3M
- Density
- 60.6/km²
- Government
- Unitary presidential republic
- UN member
- Yes
- Independent
- Yes
- Driving side
- Right
- TLD
- .pa
- Calling code
- +507
- Timezone
- UTC-05:00
Visa and travel
- Passport power rank
- #68 of 199
- Visa-free destinations
- 88
- Total accessible
- 126
- Digital nomad visa
- Short-Term Visa for Remote Workers $3,000/month · 9 mo
- Immigration programs
- 1 Nomad 4 Residency 1 Citizenship
Culture and society
- Languages
- Spanish (Español)
- Religions
- Christianity 91.5%, No religion 7.6%, Other 0.9%
- Currencies
- B/. PAB — Panamanian balboa, $ USD — United States dollar
Key figures
- HDI
- 0.839
- GDP per capita (2031)
- $59,078
- Life expectancy (2024)
- 79.8 yrs
- Internet users (2024)
- 72.8%
- Gini index (2019)
- 49.8
- Inflation (2031)
- 2.0%
- Unemployment (2031)
- 6.0%
- Urban population (2025)
- 66.2%
- Life satisfaction (2025)
- 6.6/10
- PM2.5 (2024)
- 14.7 µg/m³
- Homicide rate (2023)
- 11.7/100k
- Human capital (2020)
- 0.50
Latest news
| Update | Category | Source | Published |
|---|---|---|---|
| Panama Revises Qualified Investor Visa Requirements Under Executive Decree 17 | Residency & citizenship | Latitude RCBI | 2 weeks ago |
| Panama Visa, Tax, and Property Overview for US Expats | Tax & banking | Expat Focus | 1 month ago |
| Panama's Casco Viejo District: Property Costs, Tax Incentives, and Urban Redevelopment Overview | Cost & housing | Expat Money YouTube | 3 months ago |
| Panama Qualified Investor Visa Requires Real Estate Purchase | Residency & citizenship | IMI Daily | 3 months ago |
| Podcast: Casco Viejo Redevelopment and Panama as a Living and Investment Destination | Opinion & analysis | The Expat Money Show | 3 months ago |