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Panama is a beautiful country located in Central America, bordered by the Pacific Ocean to the south and the Caribbean Sea to the north. In recent years, Panama has become a popular destination for retirees and expats due to its favorable climate, low cost of living, and excellent healthcare system. In this article, we will highlight the advantages of retiring or moving to Panama, including its high rankings in various global indicators.
One of the most significant advantages of retiring or moving to Panama is its cost of living. According to the International Living Annual Global Retirement Index 2022, Panama ranks as the second-best country in the world for retirees, with a score of 86.1 out of 100. This score is based on several factors, including cost of living, healthcare, climate, and infrastructure. Panama is known for having a low cost of living, which means that retirees can enjoy a comfortable lifestyle without spending a fortune.
Another advantage of retiring or moving to Panama is its excellent healthcare system. The Interamerican Development Bank (IDB) ranks Panama as the third-best country in Latin America and the Caribbean for healthcare. The country has both private and public healthcare options, and the quality of care is generally considered to be high. In addition, healthcare costs in Panama are significantly lower than in the United States, which makes it an attractive destination for retirees who need medical care.
Panama is also known for its excellent infrastructure, which includes modern airports, highways, and public transportation. This makes it easy for retirees and expats to travel within the country and to other destinations in the region. In addition, Panama has a stable political and economic environment, which makes it a safe and secure destination for retirees.
In terms of mobility, Panama ranks highly on the Global Mobility Report 2021. The report, published by the International Migration Council, measures the ability of individuals to move to and within countries for work, education, or other reasons. Panama ranks as the 38th most mobile country in the world, which is higher than many other countries in the region.
For these reasons and more, Panama is an attractive destination for retirees and expats looking for a high quality of life at an affordable price.
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