Market Analysis, Healthcare, & Cost of Living
Panama: A Summary
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Location:
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Southernmost country of Central America, bordering Costa Rica, Colombia, the Caribbean Sea, and the Pacific Ocean.
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Capital:
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Panama City.
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Population:
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Estimated at 4.453 million in 2023, expected to reach 4.677 million by 2027.
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Economy:
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​​GDP: USD 35.32 billion in 2020, increased to USD 40.736 billion in 2021 and projected to reach USD 54.325 billion by 2027.
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Unemployment: 18.548% in 2020, decreased to 11.293% in 2021 and projected to reach 9.963% by 2027.
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Per Capita GDP: USD 16,172.62 (nominal), USD 36,370.38 (PPP) in 2023.
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Government Budget: Deficit of USD 2.867 billion in 2023.
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World-Class Medical Care:
Panama boasts a modern and accessible healthcare system, with a growing focus on medical tourism. The country's leading private hospital, Hospital Punta Pacifica, maintains a prestigious affiliation with Johns Hopkins Medicine International.
This affiliation offers expats peace of mind, knowing they have access to a high standard of care and potentially internationally trained medical professionals.
Market Research Reports
*Figures quoted for Calendar Year 2023. Values are estimated
** Please note that the report cover image shown above is for representation purpose only.
World-Class Medical Care: Panama boasts a modern and accessible healthcare system, with a growing focus on medical tourism. The country's leading private hospital, Hospital Punta Pacifica, maintains a prestigious affiliation with Johns Hopkins Medicine International. This affiliation offers expats peace of mind, knowing they have access to a high standard of care and potentially internationally trained medical professionals.
Panama’s reputation as an affordable retirement haven is well deserved. Take one look at the gleaming skyscrapers that define Panama City’s skyline, and you’ll wonder whether your plane landed in Miami by mistake. And yet—despite the apparent glitz and glamor—this is still one of the world’s top-value destinations.
Unlocking Affordability:
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Forget sky-high prices, Panama offers sunshine on a budget! Picture this: Gleaming skyscrapers pierce the Panamanian sky, giving you a "Miami-on-a-dime" vibe. Believe it or not, this vibrant city boasts a lower cost of living than you might expect. Panama: Where affordability meets stunning scenery and a relaxed lifestyle.
Compared to many other developed nations, Panama offers a lower cost of living. This applies to everything from groceries and housing to healthcare and entertainment.