Moving to Panama from Sweden

moving to

What to Expect

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

If you moved from Sweden to Panama, you would find that Panama is 3.7% cheaper than Sweden overall. A SEK693,101 salary in Sweden would need to be roughly PAB59,892 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 52°F in Stockholm, making it significantly warmer.

How Far Will Your Money Go?

A breakdown of how everyday costs differ between Sweden and Panama.

What does your salary buy?

SEK693,101 PAB59,892

To maintain the same standard of living in Panama

Calculate with your salary →

How key spending categories compare

Restaurants

pay 41.0% less

Groceries

pay 6.2% less

Transportation

pay 40.5% less

Housing

pay 2.6% less

Childcare

pay 2.3 times more

Entertainment and Sports

pay 34.5% less

See full cost of living breakdown
Exchange rate: 1 SEK = 0.1082 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?

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

Living there in 2020
254 ↑ 20% vs 2015

people born in Sweden 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

The numbers behind daily life in Panama compared to Sweden.

Is it safe?

Homicide rate United Nations SDG Indicators, 2022

per 100,000 people per year

SE
1.1
PA
11.3
Feel safe walking at night United Nations SDG Indicators, 2022

of residents who feel safe walking alone at night

SE
73%
PA
33%

Sweden 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

SE
$7,770
PA
$3,318
Doctors per 10,000 people United Nations SDG Indicators, 2021

affects wait times and access to care

SE
71.5
PA
17.3

Sweden 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

SE
8.0
PA
17.0
CO₂ emissions per capita World Bank, 2024

tonnes of CO₂ emitted per person per year

SE
3.6t
PA
2.7t

Sweden 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

SE
40.4
PA
15.5
Water stress level United Nations SDG Indicators, 2021

higher means greater strain on freshwater supply

SE
3.6%
PA
0.9%

Sweden 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

SE
7.6%
PA
6.7%
GDP per capita The World Factbook, 2023

a broad measure of economic output per person

SE
$64,200
PA
$35,800

Panama generally does better on employment & economy, though Sweden leads in gdp per capita.

Is it good for families?

Life expectancy The World Factbook, 2022

average years of life at birth

SE
82.7 yrs
PA
77.6 yrs
Infant mortality The World Factbook, 2022

deaths per 1,000 live births — lower is better

SE
2.3
PA
16.4

Sweden performs better than Panama across all family life metrics.

Data: Skatteverket, The World Factbook, United Nations SDG Indicators, World Bank

What's the Climate Like?

Monthly averages — select a city to compare.

Stockholm Rain: 21.5 in/yr (546 mm)
52° / 41°F

Avg. annual high / low

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

Avg. annual high / low

Months Stockholm Panama City
Jan–Mar 36°/28°F (2°/-2°C) 94°/65°F (34°/18°C)
Apr–Jun 61°/45°F (16°/7°C) 94°/69°F (35°/21°C)
Jul–Sep 69°/56°F (21°/13°C) 92°/70°F (34°/21°C)
Oct–Dec 43°/36°F (6°/2°C) 91°/68°F (33°/20°C)
View all months
Month Stockholm Panama City
Jan 34°/27°F (1.0°/-2.9°C) 92°/65°F (33.4°/18.5°C)
Feb 34°/26°F (1.2°/-3.2°C) 94°/65°F (34.2°/18.4°C)
Mar 40°/30°F (4.7°/-1.1°C) 95°/65°F (34.8°/18.4°C)
Apr 51°/37°F (10.7°/2.6°C) 96°/67°F (35.4°/19.5°C)
May 62°/45°F (16.5°/7.1°C) 94°/70°F (34.5°/21.1°C)
Jun 69°/53°F (20.8°/11.6°C) 93°/70°F (33.8°/21.3°C)
Jul 74°/59°F (23.6°/14.8°C) 93°/70°F (33.9°/21.0°C)
Aug 72°/58°F (22.1°/14.2°C) 93°/70°F (33.9°/20.9°C)
Sep 62°/50°F (16.6°/10.2°C) 91°/70°F (32.9°/21.0°C)
Oct 50°/42°F (10.1°/5.5°C) 91°/69°F (32.6°/20.8°C)
Nov 42°/35°F (5.4°/1.9°C) 91°/69°F (32.9°/20.3°C)
Dec 36°/30°F (2.5°/-1.2°C) 92°/67°F (33.3°/19.2°C)

Data: Swedish Meteorological and Hydrological Institute (SMHI) Swedish Meteorological and Hydrological Institute (SMHI), 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 Sweden 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.

Sweden passport

Sweden passport holder visiting Panama

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

Panama passport holder visiting Sweden

Visa Free
Panama passport holders can enter Sweden 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 Sweden?

On average Panama is about 20% less expensive than Sweden, with major cities narrowing the gap.

How much money do I need to move to Panama?

Budget about PAB14,973 for 3 months in Panama (based on a SEK693,101 comparable annual salary), then add the one-off costs: flights, shipping, rental deposit, visa fees.

Can I work remotely from Panama?

Connectivity is usually fine (Panama: 15.5 fixed broadband per 100). What actually decides it is legal: does Panama offer a digital nomad visa, will your employer permit overseas work, and where are you tax-resident?

Is Panama safe for expats?

Sweden performs better than Panama across all safety metrics. The homicide rate in Panama is 11.3 per 100,000 people, compared to 1.1 in Sweden. About 33% of people in Panama feel safe walking alone at night.

How is healthcare in Panama compared to Sweden?

Sweden 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 71.5 in Sweden. Panama scores 78 on the WHO universal health coverage index (Sweden: 85).

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

The average high temperature in Panama City is 93°F, compared to 52°F in Stockholm. Panama City receives around 75.1 in of rainfall per year, while Stockholm gets 21.5 in.

What language do they speak in Panama?

The official language in Panama is Spanish. In Sweden, the official language is Swedish.

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At a Glance

SE PA
Population 10,483,647 4,337,768
Currency Swedish Krona (SEK) Panamanian Balboa (PAB)
Languages Swedish Spanish
Driving side Right Right
Calling code +46 +507
Time zones 1 1
Emergency number 112 911