Panama has appeared for several years in almost all lists as one of the top-10 countries for expats who wish to live abroad. This beautiful country has become a most desirable spot for expats, retirees, and a steadily increasing number of digital nomads.
There are many good reasons for making Panama your new home. This includes the consistent climate, its strategic geographic location, high quality of life at much lower cost, excellent healthcare, and the long-held close relationship with the US.
Here are some notable country facts.
Country Data
| Population | 4,337,768 (estimated 2022) |
| Capital City | Panama City |
| Climate | Tropical, hot all year round, with a rainy season and a dry season. |
| Time Zone | UTC −5 |
| Language | Spanish (Official) |
| Local Currency | Balboa (PAB) official, United States dollar (USD) legal |
| Religion | 91.5% Christianity (63.2% Roman Catholic, 25.0% Protestant, 3.3% Other Christian), 7.6% No religion, 0.9% Other |
Main Cities
| City | Population | Average temperature | Altitude |
| Panama City | 1,206,792 | 75⁰F – 90⁰F | 7 ft |
| Colon | 206,553 | 77⁰F – 86⁰F | 30 ft |
| Arraijan | 142,514 | 74⁰F – 89⁰F | 460 ft |
Climate
Panama has a hot and humid, tropical climate, with a long rainy season from May to January and a short dry season from January to May. Temperatures will be lower in higher altitude regions.
The average annual temperature for the country is 80°F and the average total rainfall is 74 inches annually. These vary greatly by region and altitude.