Key Market Indicators
Panama's mobile subscriber base is projected to reach nearly 8.9 million by 2028, marking a steady increase from approximately 7.2 million in 2023. This represents an average annual growth rate of 3.2%. Since 2001, the demand for mobile subscriptions in Panama has grown at an average yearly rate of 4.8%. In the year 2023, Panama held the 104th position globally in terms of mobile subscriptions. Slovakia edged out Panama with a similar subscriber count of approximately 7.2 million. Leading the global rankings were India, the United States, and Indonesia, occupying the second, third, and fourth positions respectively.
