Panama, located in Central America, is a small country with a population of 4,238,172 people as of 2020. It is a land of diversity, with a mix of cultures, languages, and religions, and a vibrant economy. Panama is a major transit point between North and South America, and its population is growing rapidly. In this article, we will explore the population of Panama, its demographics, and its economic growth.
Demographics
The population of Panama is made up of a mix of ethnicities, including mestizo (mixed European and Amerindian), Afro-Caribbean, and indigenous Amerindians. The majority of the population is of Spanish descent, with a significant minority of Afro-Caribbean people. The official language of the country is Spanish, but English is also widely spoken.
The population of Panama is highly urbanized, with over 80% of the population living in cities. The capital city, Panama City, is the most populous city in the country, with a population of 1.5 million. Other major cities include David, Colon, and Chitre.
Panama has a young population, with the median age of the population being 28 years old. The fertility rate is 2.3 children per woman, and the life expectancy is 77.7 years.
Economy
Panama has one of the most vibrant economies in Central America. It has a diversified economy, with services, industry, and agriculture all contributing to the country's growth. The country is a major transit point for goods and services between North and South America, and its economy is heavily reliant on the Panama Canal.
The Panama Canal is a major source of revenue for the country, and it is estimated that it contributes around 3.5% of the country's GDP. The economy is also heavily reliant on tourism, with over 2 million visitors each year.
Conclusion
Panama is a small country with a population of 4.2 million people. It has a diverse population, with a mix of ethnicities and languages. The country has a vibrant economy, with the Panama Canal being a major source of revenue. The population is young, with a median age of 28 years old, and the fertility rate is 2.3 children per woman. Panama is a major transit point between North and South America, and its economy is growing rapidly.