Connecting North and South America, Panama is a global center for international banking and the hub of the Americas. The Panama Canal, connecting the Atlantic and Pacific oceans, and the new Tocumen airport puts Panama in the position of one of the most important logistic hubs in the world — offering investors a prime opportunity to tap into not just the American commercial goods markets from the USA to East Asia, to Europe, and to Oceania. For people looking for a great place to enjoy their retirement, Panama is offering great services for a fair price combine with a good health coverage if needed.

• Population: 3.9 million
• 10 Provinces
• Language: Spanish
• Economy: Well-developed, service-based
• Currency: US Dollar

Overall, Panama offers a variety of places where expats can live, from modern cities to remote mountain villages and tropical islands. The country also has relatively low cost of living and a well-developed infrastructure, making it an attractive destination for expats

According to the report by the National Institute of Statistics and Census of Panama (INEC) in 2020[1], the provinces with the highest number of foreign residents in Panama and their corresponding numbers are

• Panama: 62,822
• Chiriqui: 7,685
• Cocle: 6,832
• Herrera: 5,582

Please note that these numbers include all foreign residents in these provinces and may not be specifically limited to expats.

[1] report by the National Institute of Statistics and Census of Panama (INEC) in 2020

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