Jump to content

Panama City Among The Most Expensive in Latin America, and High On The List Among the World's Business Cities


Recommended Posts

  • Moderators
Quote

Panama City Most Expensive in Latin America

Panama City has the highest cost of living in Latin America according to a recent survey published by the Swiss bank UBS.

The study gathered more than 75,000 data points on prices and earnings from 77 cities between January and April to compute what it would cost a family of three to visit or live in rental accommodations around the world. The reference basket of goods and services includes 128 items that are weighted by monthly consumption. Data and rankings are provided with and without rent.

Excluding rent, Panama City ranked 21 on the index, slightly less expensive than Los Angeles and Tel Aviv and a bit more than Vienna and Munich. In Latin America, Panama is followed by Buenos Aires with a ranking of 45, Santiago de Chile at (48), São Paulo (52) and Rio de Janeiro (56), Lima (61), Bogota (65) and Mexico City (69).

Zurich, Geneva, Oslo and Copenhagen top the most expensive cities list, in that order, while Cairo, Lagos, Kiev, Manila and New Delhi showed to have the lowest cost of living, also in that order.

 

http://www.thepanamadigest.com/2018/05/panama-city-most-expensive-in-latin-america/

Link to comment
Share on other sites

  • Moderators
 
Quote
Wednesday, May 23, 2018
 
Special Reports
 

Panama Richest Country in Latin America


While Venezuela getting poorer and poorer each year.

BY JOACHIM BAMRUD

EDECE269-6E7F-4A8C-9331-E0BDBB5EE1A4.jpg__600__380__CROPz0x600y380.jpg

PANAMA CITY – Panama became Latin America’s richest country last year and will remain so the next five years as well, according to a Latinvex analysis of new data and projections from the International Monetary Fund (IMF).

The data looks at gross domestic product based on purchasing-power-parity (PPP) per capita GDP to measure wealth.

According to the IMF, Panama replaced Chile as Latin America’s richest country ...

Full story

Keywords: Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Uruguay and Venezuela.

 

http://latinvex.com/app/article.aspx?id=3734

Link to comment
Share on other sites

  • 2 months later...
  • Moderators
Quote

Panama named 25th most expensive city

panama-skylinehaves-and-nors-620x264.jpg
Panama's great divide
Post Views: 940
 
Panama’s capital city is ranked number 25  among the  77 most expensive cities in the world, 21 if you exclude rents putting it above cities such as Frankfurt, Vienna, Dubai, Toronto and Madrid, which knocks on the head low cost of living claims by promoters using 16-year old figures.

Meanwhile, the  World Bank ranked s the country the sixth most unequal in the world in 2016, surpassed only by South Africa, Haiti, Honduras, Colombia, and Brazil, based on the Gini coefficient.

Panama city’s  expensive  ranking   is extracted from the benchmark index of the Union of Swiss Banks (UBS) which places Zurich (Switzerland) in first place of the  most costly cities

In its report, the UBS said  that Panama, within the list of the most expensive cities in the world, has a peculiarity; strange but true: ‘Panama is the only place in the world where you can see the sun rise in the Pacific and set in the Atlantic”

 

https://www.newsroompanama.com/news/panama/panama-named-25th-most-expensive-city

Link to comment
Share on other sites

  • Moderator_02 changed the title to Panama City Named 25th Most Expensive City in the World

This report certainly lets the gas out of the theory that extranjeros are responsible for the cost of living in Boquete. It’s not that localized. Never has been.

The increasing disparity between rich man, poor man isn’t unique to Panama, but it seems the country is a leader in that respect. ? 

Edited by Keith Woolford
  • Upvote 1
Link to comment
Share on other sites

5 hours ago, Marcelyn said:

No big surprise with this information. People who travel out of Panama already know how expensive it has become to live here IMO.

Agree. If you spend a night in Panama City and have lunch and dinner it is a lot more expensive then it used to be. Look at all the high-end restaurants in PC and especially Casco Viejo.

Another example is the number of restaurants here in Boquete with prices to match!!

Link to comment
Share on other sites

Based on recent experience, Panama has caught up to and surpassed even Costa Rica with restaurant pricing.  Dinner for three without alcoholic beverages averaged $50 over there, even in tourist towns. Last night at a parrillada in P.C. exceeded $90. At least the food and service were excellent.

Edited by Keith Woolford
Link to comment
Share on other sites

  • 1 year later...
  • Moderators
Quote

Panamá, la segunda ciudad más costosa de Centroamérica

Reyna Katiuska Hernández
15 jun 2020 - 11:11 PM

https://www.prensa.com/impresa/martes-financiero/panama-la-segunda-ciudad-mas-costosa-de-centroamerica/

Link to comment
Share on other sites

  • Moderator_02 changed the title to Panama City Among The Most Expensive in Latin America, and High On The List Among the World's Business Cities

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

×
×
  • Create New...