Even though Panama is a relatively small country in Central America it is one which has consistently punched above its weight over recent times. This is a country which fades into the background with regards to land mass compared to the likes of Mexico, Brazil and Argentina but it is has one of the strongest economies in Central America and many believe that Panama is entering a new period of growth. However, like so many of the other South American and Central American countries we have covered of late, Panama is unlikely to be one of the first expat destinations to roll off your tongue.
So what does Panama have to offer and what can you expect with regards the cost of living and the standard of living in the country?
Where is Panama
Before we delve into detail with regards to Panama, the economy and the cost of living, it is worth reminding ourselves exactly where Panama is located and the size and scope of the country. Panama is the southernmost country in Central America and plays a prime role in connecting North America and South America with particular emphasis on trade and tourism. It is bordered by Costa Rica, Colombia, the Caribbean Sea and the Pacific Ocean. The total land mass of Panama is only around 75,000 km², with a population of just over 3.3 million, so why is this country more prominent than you would expect?
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