Population in cities of more than 1 million as a share of population rose 0.683% to 44.6% in Panama in 2024, according to the National Statistical Office.
Historically, population in cities of more than 1 million as a share of population in Panama reached an all time high of 44.6% in 2024 and an all time low of 25.1% in 1960. When compared to Panama's main peers, population in cities of more than 1 million as a share of population in Colombia amounted to 44.5%, 28.9% in Costa Rica, 14.9% in Honduras and 16.0% in Nicaragua in 2024.
Panama has been ranked 16th within the group of 121 countries we follow in terms of population in cities of more than 1 million as a share of population, 3 places above the position seen 10 years ago.
| Population in Cities of More Than 1 million (As % of Population) | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| Belize | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| Brazil | % | 42.6% | 42.8% | 43.1% | 43.3% | 43.6% | ||||||||||||||||
| Colombia | % | 44.5% | 44.3% | 44.3% | 44.4% | 44.5% | ||||||||||||||||
| Costa Rica | % | 27.4% | 27.6% | 27.8% | 28.1% | 28.4% | ||||||||||||||||
| El Salvador | % | 17.8% | 17.8% | 17.7% | 17.7% | 17.7% | ||||||||||||||||
| Guatemala | % | 16.9% | 16.9% | 16.9% | 17.0% | 17.0% | ||||||||||||||||
| Honduras | % | 14.0% | 14.1% | 14.3% | 14.4% | 14.6% | ||||||||||||||||
| Mexico | % | 41.2% | 41.4% | 41.5% | 41.8% | 42.0% | ||||||||||||||||
| Nicaragua | % | 16.4% | 16.3% | 16.2% | 16.1% | 16.1% | ||||||||||||||||
| Panama | % | 42.8% | 43.0% | 43.3% | 43.7% | 44.0% | ||||||||||||||||
| Peru | % | 32.6% | 32.5% | 32.6% | 32.8% | 33.0% | ||||||||||||||||
| USA | % | 46.1% | 46.2% | 46.4% | 46.7% | 46.9% | ||||||||||||||||
| Venezuela | % | 31.3% | 32.6% | 33.5% | 34.1% | 34.4% |
Helgi Library 
