Panama — Country Profile
An overview of Panama covering geography, demographics, economy, culture, political status, and practical information, sourced from World Bank and REST Countries open data.
These figures are estimates based on public statistics and may differ from actual values.
About Panama
The capital of Panama is Panama City. It has a population of approximately 4.5M. The country covers an area of 75,417 km². It is located in Central America.
Geography
Panama is a country in Central America, part of the Americas region. It covers an area of approximately 75,417 km². It shares land borders with Colombia and Costa Rica, totalling 2 neighbours.
Demographics & Languages
Panama has a population of approximately 4,515,577 people. Population density is around 59.9 people per km². Its officially recognised languages include Spanish, totalling 1 language. People from this country are referred to as Panamanian.
Economy Overview
As of 2025, Panama reports a nominal GDP of about $90.5 billion. The official currency is the Panamanian balboa (PAB, symbol B/.). The current exchange rate is approximately 1 USD = 1 PAB.
Culture & Time
Panama operates on a single time zone (America/Panama). Its country-code top-level domain (ccTLD) is.pa.
Government & Status
The capital of Panama is Panama City. It is internationally recognised as an independent sovereign state. The country is a member state of the United Nations.
Practical Information
Traffic drives on the right. The international dialling code is +507. Its ISO 3166-1 alpha-2 code is PA.
Data Sources & Methodology
GDP and debt-to-GDP figures on this page are pulled from the most recent available year of World Bank open statistics. The real-time debt estimate is computed by multiplying total debt (GDP × debt ratio) by World Bank's real interest rate (or a 4% fallback when unavailable) and dividing across each second of a year. Exchange rates refresh hourly via open.er-api.com, and country-level metadata such as languages, time zones, borders, and domains is fetched from REST Countries every 24 hours. All values are estimates derived from public datasets and may differ from official figures.