Moving to Bolivia from Panama

moving to

What to Expect

Considering a move from Panama to Bolivia? Here's how the two compare on cost, climate, safety, and more.

If you moved from Panama to Bolivia, you would find that Bolivia is 59.9% cheaper than Panama overall. A PAB75,000 salary in Panama would need to be roughly BOB351,000 in Bolivia to maintain the same lifestyle.

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Is Bolivia cheaper than Panama?

How key spending categories compare

Restaurants

pay 64.3% less

Groceries

pay 63.7% less

Transportation

pay 38.6% less

Housing

pay 68.1% less

Childcare

pay 70.8% less

Entertainment and Sports

pay 46.8% less

See full cost of living breakdown
Exchange rate: 1 PAB = 11.69 BOB (October 2026)

Data: MyLifeElsewhere's crowdsourced cost of living database, with prices submitted and updated by users worldwide. Exchange rates are refreshed regularly from public sources.

What salary do you need in Bolivia?

What does your salary buy?

PAB75,000 → BOB351,000

To maintain the same standard of living in Bolivia

Calculate with your salary →

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Who Else Is Making This Move?

What the data shows about people moving from Panama to Bolivia.

Living there in 2020
121 ↑ 10% vs 2015

people born in Panama live in Bolivia · UN DESA

Who's moving to Bolivia?

Top countries of origin for Bolivia's foreign-born residents.

Foreign-born population · UN DESA (2020)

Key Indicator Comparison

The numbers behind daily life in Bolivia compared to Panama.

Is it safe?

Homicide rate World Bank, 2023

per 100,000 people per year

PA
11.7
BO
4.4
Feel safe walking at night United Nations SDG Indicators, 2021

of residents who feel safe walking alone at night

PA
33%
BO
59%

Bolivia generally does better on safety, though Panama leads in road traffic deaths.

How's the healthcare?

Healthcare spending per person World Bank, 2023

annual government + private spending per person

PA
$3,318
BO
$756
Doctors per 10,000 people World Bank, 2022

affects wait times and access to care

PA
16.2
BO
12.8

Panama generally does better on health & wellbeing, though Bolivia leads in healthcare spending per person.

What about the environment?

Air pollution deaths United Nations SDG Indicators, 2019

deaths attributable to air pollution per 100k people

PA
17.0
BO
54.0
CO₂ emissions per capita World Bank, 2024

tonnes of CO₂ emitted per person per year

PA
2.7t
BO
2.3t

Panama generally does better on environment, though Bolivia leads in co₂ emissions per capita.

Will I have good infrastructure?

Broadband per 100 people World Bank, 2024

fixed broadband subscriptions — key for remote work

PA
18.1
BO
12.1
Water stress level World Bank, 2022

higher means greater strain on freshwater supply

PA
0.9%
BO
0.2%

Panama generally does better on infrastructure, though Bolivia leads in water stress level.

What are the job prospects?

Unemployment rate World Bank, 2025

percentage of the labour force without work

PA
8.4%
BO
3.0%
GDP per capita World Bank, 2025

a broad measure of economic output per person

PA
$19,790
BO
$5,148

Panama generally does better on employment & economy, though Bolivia leads in unemployment rate.

Is it good for families?

Life expectancy World Bank, 2024

average years of life at birth

PA
79.8 yrs
BO
68.7 yrs
Infant mortality World Bank, 2024

deaths per 1,000 live births — lower is better

PA
12.0
BO
14.2

Panama generally does better on family life, though Bolivia leads in education spending.

Sources: World Bank (2021–2025), United Nations SDG Indicators (2016–2021), World Health Organization (2024), General Directorate of Revenues, Panama (2016), Autoridad de Impugnación Tributaria (AIT), Bolivia (2016). How we calculate this

Can you move from Panama to Bolivia?

Short-stay tourist visa rules between Panama and Bolivia. To live, work, or study long-term in Bolivia, you'll need a separate residence or work visa — check Bolivia's immigration authority.

Panama passport

Panama passport holder visiting Bolivia

Visa Free
Panama passport holders can enter Bolivia without a visa.
Bolivia passport

Bolivia passport holder visiting Panama

Visa Free
Bolivia passport holders can enter Panama without a visa.

Data: Henley Passport Index. Check with the destination country's embassy for the most current requirements.

Frequently Asked Questions

Is it cheaper to live in Bolivia than Panama?

On average Bolivia is about 60% less expensive than Panama, with major cities narrowing the gap.

How much money do I need to move to Bolivia?

Budget about BOB87,750 for 3 months in Bolivia (based on a PAB75,000 comparable annual salary), then add the one-off costs: flights, shipping, a rental deposit, and visa fees.

Can I work remotely from Bolivia?

Connectivity is usually fine (Bolivia: 12.1 fixed broadband per 100). What actually decides it is legal: does Bolivia offer a digital nomad visa, will your employer permit overseas work, and where are you tax-resident?

Is Bolivia safe for expats?

Bolivia generally does better on safety, though Panama leads in road traffic deaths. The homicide rate in Bolivia is 4.4 per 100,000 people, compared to 11.7 in Panama. About 59% of people in Bolivia feel safe walking alone at night.

How is healthcare in Bolivia compared to Panama?

Panama generally does better on health & wellbeing, though Bolivia leads in healthcare spending per person. There are 12.8 doctors per 10,000 people in Bolivia, compared to 16.2 in Panama. Bolivia scores 65 on the WHO universal health coverage index (Panama: 78).

What language do they speak in Bolivia?

The official languages in Bolivia are Aymara, Guaraní, Quechua and Spanish. In Panama, the official language is Spanish.

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At a Glance

PA BO
Population 4,571,189 12,581,843
Currency Panamanian Balboa (PAB) Bolivian Boliviano (BOB)
Languages Spanish Aymara, Guaraní, Quechua, Spanish
Driving side Right Right
Calling code +507 +591
Time zones 1 1
Emergency number 911 110