Moving to Panama from Portugal

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What to Expect

Everything you need to know before relocating from Portugal to Panama — costs, safety, healthcare, and practical first steps.

If you moved from Portugal to Panama, you would find that Panama is 7.2% cheaper than Portugal overall. A €64,304 salary in Portugal would need to be roughly PAB64,962 in Panama to maintain the same lifestyle, and you’d need to navigate life in Spanish. Expect a noticeable climate shift — Panama City averages 93°F vs 69°F in Lisbon, making it significantly warmer.

How Far Will Your Money Go?

What to expect for your wallet after moving from Portugal to Panama.

What does your salary buy?

€64,304 PAB64,962

To maintain the same standard of living in Panama

Calculate with your salary →

Where you'll feel the difference day-to-day

Restaurants

pay 24.1% less

Groceries

pay 29.6% more

Transportation

pay 15.6% less

Housing

pay 7.2% less

Childcare

pay 19.7% less

Entertainment and Sports

pay 3.9% more

See full cost of living breakdown
Exchange rate: 1 EUR = 1.17 PAB (June 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.

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Who Else Is Making This Move?

How many people actually move from Portugal to Panama, based on official data.

Living there in 2020
305 ↑ 20% vs 2015

people born in Portugal live in Panama · UN DESA

Who's moving to Panama?

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

Foreign-born population · UN DESA (2020)

Key Indicator Comparison

Key indicators for anyone considering a move from Portugal to Panama.

Is it safe?

Homicide rate United Nations SDG Indicators, 2022

per 100,000 people per year

PT
0.8
PA
11.3
Road traffic deaths United Nations SDG Indicators, 2021

per 100,000 people per year

PT
7.2
PA
7.3

Portugal performs better than Panama across all safety metrics.

How's the healthcare?

Healthcare spending per person World Bank, 2024

annual government + private spending per person

PT
$4,928
PA
$3,318
Doctors per 10,000 people United Nations SDG Indicators, 2021

affects wait times and access to care

PT
57.7
PA
17.3

Portugal generally does better on health & wellbeing, though Panama 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

PT
10.0
PA
17.0
CO₂ emissions per capita World Bank, 2024

tonnes of CO₂ emitted per person per year

PT
3.3t
PA
2.7t

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

Will I have good infrastructure?

Broadband per 100 people United Nations SDG Indicators, 2022

fixed broadband subscriptions — key for remote work

PT
43.5
PA
15.5
Water stress level United Nations SDG Indicators, 2021

higher means greater strain on freshwater supply

PT
12.3%
PA
0.9%

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

What are the job prospects?

Unemployment rate The World Factbook, 2023

percentage of the labour force without work

PT
6.5%
PA
6.7%
GDP per capita The World Factbook, 2023

a broad measure of economic output per person

PT
$41,700
PA
$35,800

Portugal generally does better on employment & economy, though Panama leads in top income tax rate.

Is it good for families?

Life expectancy The World Factbook, 2022

average years of life at birth

PT
81.5 yrs
PA
77.6 yrs
Infant mortality The World Factbook, 2022

deaths per 1,000 live births — lower is better

PT
2.5
PA
16.4

Portugal performs better than Panama across all family life metrics.

Data: Autoridade Tributária e Aduaneira, The World Factbook, United Nations SDG Indicators, World Bank

What's the Climate Like?

Monthly averages — select a city to compare.

Lisbon Rain: 29.6 in/yr (751 mm)
69° / 55°F

Avg. annual high / low

Panama City Rain: 75.1 in/yr (1907 mm)
93° / 68°F

Avg. annual high / low

Months Lisbon Panama City
Jan–Mar 61°/48°F (16°/9°C) 94°/65°F (34°/18°C)
Apr–Jun 71°/56°F (22°/13°C) 94°/69°F (35°/21°C)
Jul–Sep 81°/63°F (27°/17°C) 92°/70°F (34°/21°C)
Oct–Dec 65°/53°F (18°/12°C) 91°/68°F (33°/20°C)
View all months
Month Lisbon Panama City
Jan 58°/47°F (14.5°/8.2°C) 92°/65°F (33.4°/18.5°C)
Feb 60°/48°F (15.6°/9.0°C) 94°/65°F (34.2°/18.4°C)
Mar 64°/50°F (17.6°/9.9°C) 95°/65°F (34.8°/18.4°C)
Apr 66°/52°F (19.1°/11.1°C) 96°/67°F (35.4°/19.5°C)
May 71°/55°F (21.7°/13.0°C) 94°/70°F (34.5°/21.1°C)
Jun 77°/60°F (24.8°/15.6°C) 93°/70°F (33.8°/21.3°C)
Jul 81°/63°F (27.4°/17.4°C) 93°/70°F (33.9°/21.0°C)
Aug 82°/64°F (27.9°/17.7°C) 93°/70°F (33.9°/20.9°C)
Sep 80°/63°F (26.4°/17.0°C) 91°/70°F (32.9°/21.0°C)
Oct 72°/58°F (22.4°/14.6°C) 91°/69°F (32.6°/20.8°C)
Nov 64°/52°F (17.8°/11.2°C) 91°/69°F (32.9°/20.3°C)
Dec 59°/48°F (14.8°/8.9°C) 92°/67°F (33.3°/19.2°C)

Data: Instituto Português do Mar e da Atmosfera Instituto Português do Mar e da Atmosfera, IMHPA - Instituto de Meteorología e Hidrología de Panamá IMHPA - Instituto de Meteorología e Hidrología de Panamá

Visitor Visa Requirements

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

Portugal passport

Portugal passport holder visiting Panama

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

Panama passport holder visiting Portugal

Visa Free
Panama passport holders can enter Portugal 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 Panama than Portugal?

Yes — Panama is on average about 13% cheaper than Portugal. City-level variation can be significant.

How much money do I need to move to Panama?

Plan for at least 3 months of living expenses — roughly PAB16,240 in Panama on a €64,304 comparable salary — plus one-off moving costs (flights, shipping, deposits, visa fees).

Can I work remotely from Panama?

Internet is rarely the blocker — Panama has 15.5 fixed broadband subscriptions per 100 people. The real questions are legal: digital nomad visa eligibility, your employer's overseas-work policy, and tax residency in both countries.

Is Panama safe for expats?

Portugal performs better than Panama across all safety metrics. The homicide rate in Panama is 11.3 per 100,000 people, compared to 0.8 in Portugal.

How is healthcare in Panama compared to Portugal?

Portugal generally does better on health & wellbeing, though Panama leads in healthcare spending per person. There are 17.3 doctors per 10,000 people in Panama, compared to 57.7 in Portugal. Panama scores 78 on the WHO universal health coverage index (Portugal: 88).

What's the weather like in Panama compared to Portugal?

The average high temperature in Panama City is 93°F, compared to 69°F in Lisbon. Panama City receives around 75.1 in of rainfall per year, while Lisbon gets 29.6 in.

What language do they speak in Panama?

The official language in Panama is Spanish. In Portugal, the official language is Portuguese.

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At a Glance

PT PA
Population 10,242,081 4,337,768
Currency Euro (€) Panamanian Balboa (PAB)
Languages Portuguese Spanish
Driving side Right Right
Calling code +351 +507
Time zones 2 1
Emergency number 112 911