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More Bang for Your Buck Here in Panama PDF Print E-mail
Written by Panama Real Estate   

The overall cost of living in Panama is about 30% lower than in the United States. You can get a three-course lunch for two with wine for about US$25. (Margaret says she and her husband dine out 6 nights a week...) It's about US$2 in a cab across the city.
A manicure costs around US$7 and you can get a bottle of beer at the store for around 50 cents. A live-in maid will set you back around US$200 a month. Or you can simply get housekeeping services for around US$15-20.
Healthcare is affordable too. An average doctor visit runs around US$35, if you make your appointment the previous day. And the quality of care is excellent. Most medical staff here are trained in the U.S. and the facilities are first rate. Johns Hopkins has just opened an affiliated medical center in Punta Pacifica, one of Panama's residential areas.
Infrastructure development is booming right along with the economy. Panama experienced GDP growth of over 11% last year and Panama is expected to grow another 8-9% this year. And this is not an "inflation-based" economy like so many others.
 

Panama Real Estate News

Panama Canal and Port of Miami Extend Strategic Partnership

RENEWED SEAPORT AGREEMENT WILL INCREASE  CARGO CRUISE TRAFFIC AND PROMOTE THE "ALL-WATER ROUTE"

Panama City, Panama, November 26, 2008 - Panama Canal Authority (ACP) Administrator/CEO Alberto Alemán Zubieta and Port of Miami Seaport Director Bill Johnson renewed a Memorandum of Understanding (MOU) to facilitate global trade and promote economic growth in the United States and Panama. First initiated in 2003, the agreement is renewable on annual basis and asserts the ACP's commitment to addressing growing international cargo and freight capacity needs.

"The Port of Miami is an internationally recognized trade hub and a key Canal business partner," said Mr. Alemán Zubieta. "The renewal of the Memorandum of Understanding with the Port of Miami underscores our strong commercial bonds and our joint commitment to market-based, regionally driven solutions for the international maritime community and its trade routes."
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