1. Introduction Although Panama is one of the smallest countries in Latin America, it has significant regional importance. Due to its location between the two Americas, the country has become an important center for international trade, logistics, and financial services. Without counting the services provided by the Canal, Panama is considered a major center for…
There is a growing trend of North Americans moving abroad in record numbers, raising the question of whether the United States and Canada—long known as destinations for immigrants—are becoming net emigration countries (more people leaving than coming in). In 2025, the US experienced net negative migration for the first time since the 1930s, meaning more…
This op-ed article, written (facts with our opinions) by Rod, Oscar, and Megan, best describes the situation regarding the United States’ statements about the Panama Canal. We in no way have any political agenda here. As always, we want to clarify things and ensure you know the truth about what is really happening and our…
Overview Throughout the years, Panama’s economy has undergone phases influenced by advancements and external circumstances. Inflation, a gauge, has played a significant part in shaping the country’s economic story. This article dives into the backdrop and contemporary patterns of inflation in Panama, offering insights into the factors guiding these shifts. Historical Background of Inflation in…
Panama, a player in the world’s economy due to its prime location and the presence of the Panama Canal, has encountered notable economic hurdles in recent times. Despite these challenges, the nation has shown resilience by implementing strategies to stabilize and enhance its standing. In 2024, Panama’s economic landscape reflects the aftermath of events from…
Political Uncertainty Ahead: Follow Alternative Route to Avoid Panama has become a sought-after location for expats, retirees, and digital nomads worldwide. Situated between Costa Rica and Colombia, this Central American country offers a mix of beauty, modern amenities, and a high standard of Living that attracts individuals from many backgrounds. What exactly is drawing people…
Last Sunday, May 5th, 2024, was election day in Panama, and Panama’s new President-Elect is José Raúl Mulino. He will officially take office on July 1st, 2024. Mulino ran as leader of the political party Realizando Metas (Realizing Goals). He received 34.4% of the vote, with the closest competitor, Ricardo Lombana, receiving 24.8% of the…
Q & A Replay is at the Bottom of this Page On Monday, November 20th, Oscar, Megan, & Rod hosted a Retire in Panama LIVE Q & A to discuss the current protest situation in Panama and our take on it. Protests in Panama over a newly government-signed copper mining contract started in late…
I am writing this article after 11 years of living in Panama full-time in different areas of the country. Over the years, our relocation company has assisted many people in moving to Panama, helping them with everything from immigration, healthcare, housing, shipping belongings, and more. I am also a very frugal shopper and have continuously…
Panama has no central bank, but the National Bank of Panama serves some of the functions of a central bank, like acting as a clearinghouse for the entire banking system, and holding a portion of the deposit reserves. Panama’s banking sector opened to foreign banks back in 1970, and there is a very high priority…