Moderators Moderator_02 Posted June 9, 2018 Moderators Share Posted June 9, 2018 Quote Panama City Most Expensive in Latin America by pa.di. • May 30, 2018 Panama City has the highest cost of living in Latin America according to a recent survey published by the Swiss bank UBS. The study gathered more than 75,000 data points on prices and earnings from 77 cities between January and April to compute what it would cost a family of three to visit or live in rental accommodations around the world. The reference basket of goods and services includes 128 items that are weighted by monthly consumption. Data and rankings are provided with and without rent. Excluding rent, Panama City ranked 21 on the index, slightly less expensive than Los Angeles and Tel Aviv and a bit more than Vienna and Munich. In Latin America, Panama is followed by Buenos Aires with a ranking of 45, Santiago de Chile at (48), São Paulo (52) and Rio de Janeiro (56), Lima (61), Bogota (65) and Mexico City (69). Zurich, Geneva, Oslo and Copenhagen top the most expensive cities list, in that order, while Cairo, Lagos, Kiev, Manila and New Delhi showed to have the lowest cost of living, also in that order. http://www.thepanamadigest.com/2018/05/panama-city-most-expensive-in-latin-america/ Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_02 Posted June 9, 2018 Author Moderators Share Posted June 9, 2018 Quote Wednesday, May 23, 2018 Special Reports Panama Richest Country in Latin America While Venezuela getting poorer and poorer each year. BY JOACHIM BAMRUD PANAMA CITY – Panama became Latin America’s richest country last year and will remain so the next five years as well, according to a Latinvex analysis of new data and projections from the International Monetary Fund (IMF). The data looks at gross domestic product based on purchasing-power-parity (PPP) per capita GDP to measure wealth. According to the IMF, Panama replaced Chile as Latin America’s richest country ... Full storyKeywords: Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Uruguay and Venezuela. http://latinvex.com/app/article.aspx?id=3734 Quote Link to comment Share on other sites More sharing options...
Keith Woolford Posted June 10, 2018 Share Posted June 10, 2018 They must have missed San José, C.R. Quote Link to comment Share on other sites More sharing options...
TwoSailors Posted June 10, 2018 Share Posted June 10, 2018 11 hours ago, Keith Woolford said: They must have missed San José, C.R. They sure did! https://www.numbeo.com/cost-of-living/compare_cities.jsp?country1=Costa+Rica&city1=San+Jose&country2=Panama&city2=Panama+City Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_02 Posted August 30, 2018 Author Moderators Share Posted August 30, 2018 Quote Panama named 25th most expensive city Posted on August 29, 2018 in Panama Panama's great divide Post Views: 940 Panama’s capital city is ranked number 25 among the 77 most expensive cities in the world, 21 if you exclude rents putting it above cities such as Frankfurt, Vienna, Dubai, Toronto and Madrid, which knocks on the head low cost of living claims by promoters using 16-year old figures. Meanwhile, the World Bank ranked s the country the sixth most unequal in the world in 2016, surpassed only by South Africa, Haiti, Honduras, Colombia, and Brazil, based on the Gini coefficient. Panama city’s expensive ranking is extracted from the benchmark index of the Union of Swiss Banks (UBS) which places Zurich (Switzerland) in first place of the most costly cities In its report, the UBS said that Panama, within the list of the most expensive cities in the world, has a peculiarity; strange but true: ‘Panama is the only place in the world where you can see the sun rise in the Pacific and set in the Atlantic” https://www.newsroompanama.com/news/panama/panama-named-25th-most-expensive-city Quote Link to comment Share on other sites More sharing options...
Marcelyn Posted August 30, 2018 Share Posted August 30, 2018 No big surprise with this information. People who travel out of Panama already know how expensive it has become to live here IMO. Quote Link to comment Share on other sites More sharing options...
Keith Woolford Posted August 30, 2018 Share Posted August 30, 2018 (edited) This report certainly lets the gas out of the theory that extranjeros are responsible for the cost of living in Boquete. It’s not that localized. Never has been. The increasing disparity between rich man, poor man isn’t unique to Panama, but it seems the country is a leader in that respect. ? Edited August 30, 2018 by Keith Woolford 1 Quote Link to comment Share on other sites More sharing options...
TwoSailors Posted August 30, 2018 Share Posted August 30, 2018 5 hours ago, Marcelyn said: No big surprise with this information. People who travel out of Panama already know how expensive it has become to live here IMO. Agree. If you spend a night in Panama City and have lunch and dinner it is a lot more expensive then it used to be. Look at all the high-end restaurants in PC and especially Casco Viejo. Another example is the number of restaurants here in Boquete with prices to match!! Quote Link to comment Share on other sites More sharing options...
Keith Woolford Posted August 30, 2018 Share Posted August 30, 2018 (edited) Based on recent experience, Panama has caught up to and surpassed even Costa Rica with restaurant pricing. Dinner for three without alcoholic beverages averaged $50 over there, even in tourist towns. Last night at a parrillada in P.C. exceeded $90. At least the food and service were excellent. Edited August 30, 2018 by Keith Woolford Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_02 Posted June 16, 2020 Author Moderators Share Posted June 16, 2020 Quote Panamá, la segunda ciudad más costosa de Centroamérica Reyna Katiuska Hernández 15 jun 2020 - 11:11 PM La encuesta reconoce las bondades de la ciudad para atraer la sede de multinacionales. Elysée Fernández La ciudad de Panamá sigue siendo un destino para que las empresas multinacionales instalen sus operaciones y a su vez puedan traer a sus ejecutivos a establecerse. Sin embargo, se ubica como la segunda ciudad más cara de Centroamérica según la encuesta de costo de vida 2020 de Mercer, cuyo ranking abarca 209 ciudades y mide el costo comparativo de más de 200 artículos que incluyen vivienda, transporte, alimentos, vestimenta, artículos para el hogar y entretenimiento. “Panamá continúa siendo una ciudad muy atractiva para las multinacionales que buscan abrir nuevas plazas laborales para extranjeros en el país como consecuencia de las leyes que promueven la inversión extranjera. Sin embargo, frente a otras ciudades de la región, Panamá no es de las más económica y esto crea un reto para las empresas, para la atracción y retención de talento ejecutivo.” afirma Bruno Balanza, gerente de Mercer en Panamá. Según el ranking en Centro y Sur América, San Juan (66) es la ciudad más cara, seguida de Puerto España (73), San José (78) y Montevideo (88) y Panamá (90). Hong Kong encabeza la lista de las ciudades más caras del mundo para expatriados, seguida por Asjabad, Turkmenistán. Tokio y Zúrich se mantienen en el tercer y cuarto puesto, mientras que Singapur se ubica en el quinto y Nueva York en el sexto lugar. Moderator comment: Below is an unedited automated translation of the above news article. Quote Panama, the second most expensive city in Central America Reyna Katiuska Hernández Jun 15, 2020 - 11:11 PM <<BTWMIW77ARG4LDD35EGAZVWTSE.jpg>> The survey recognizes the benefits of the city to attract the headquarters of multinationals. Elysée Fernández Panama City continues to be a destination for multinational companies to install their operations and in turn can bring their executives to settle. However, it ranks as the second most expensive city in Central America according to Mercer's 2020 cost of living survey, whose ranking spans 209 cities and measures the comparative cost of more than 200 items including housing, transportation, food, clothing, items. for home and entertainment. “Panama continues to be a very attractive city for multinationals seeking to open new jobs for foreigners in the country as a consequence of laws that promote foreign investment. However, compared to other cities in the region, Panama is not one of the cheapest and this creates a challenge for companies to attract and retain executive talent. ” says Bruno Balanza, Mercer's manager in Panama. According to the ranking in Central and South America, San Juan (66) is the most expensive city, followed by Port of Spain (73), San José (78) and Montevideo (88) and Panama (90). Hong Kong tops the list of the most expensive cities in the world for expats, followed by Ashgabat, Turkmenistan. Tokyo and Zurich remain in third and fourth place, while Singapore is in fifth place and New York in sixth place. https://www.prensa.com/impresa/martes-financiero/panama-la-segunda-ciudad-mas-costosa-de-centroamerica/ Quote Link to comment Share on other sites More sharing options...
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