Historical Prices in Panama City

Currency:

Restaurants

Year
Meal, Inexpensive Restaurant
Meal for 2 People,
Mid-range Restaurant, Three-course
McMeal at McDonalds
(or Equivalent Combo Meal)
2022 10.00 57.50 7.00
2021 7.00 50.00 7.00
2020 10.00 55.00 7.00
2019 10.50 50.00 7.00
2018 10.00 50.00 7.00
2017 9.00 42.50 6.25
2016 10.00 45.00 6.00
2015 9.00 50.00 6.00
2014 6.00 50.00 5.92
2013 7.00 50.00 5.55
2012 8.00 40.00 5.00
2011 5.12 32.50 4.38
2010 6.00 37.50 5.00
Year
Domestic Beer
(0.5 liter draught)
Imported Beer
(0.33 liter bottle)
Coke/Pepsi
(0.33 liter bottle)
Water
(0.33 liter bottle)
Cappuccino
(regular)
2022 2.50 4.50 1.66 1.38 3.49
2021 2.50 4.00 1.60 1.17 3.19
2020 2.00 3.50 1.33 1.10 3.06
2019 2.75 4.00 1.32 1.09 3.15
2018 2.75 4.50 1.37 1.09 2.78
2017 1.88 3.50 1.04 1.03 2.79
2016 1.50 3.00 1.07 0.96 2.89
2015 2.00 3.50 1.09 1.15 2.82
2014 2.00 3.75 1.24 0.99 2.02
2013 2.50 3.75 1.29 1.12 2.41
2012 1.75 3.00 1.15 1.17 2.00
2011 1.25 3.00 1.12 1.10 1.50
2010 1.23 2.25 0.88 0.80 -

Markets

Year
Milk
(regular),
(1 liter)
Loaf of Fresh White Bread
(500g)
Eggs
(regular)
(12)
Water
(1.5 liter bottle)
Domestic Beer
(0.5 liter bottle)
Imported Beer
(0.33 liter bottle)
2022 1.63 2.34 2.18 1.60 1.25 1.81
2021 1.54 2.02 2.12 1.50 1.17 1.66
2020 1.51 1.88 2.09 1.44 1.03 1.77
2019 1.57 2.16 2.37 1.65 0.99 2.64
2018 1.52 1.86 2.18 - - -
2017 1.38 1.55 1.93 1.43 0.88 2.10
2016 1.52 2.07 1.93 1.16 - 2.05
2015 1.46 2.13 2.12 1.88 0.76 1.62
2014 1.50 2.40 2.01 1.42 - -
2013 1.47 1.59 2.49 1.56 0.77 -
2012 1.27 1.35 2.16 0.88 0.88 1.00
2011 1.03 1.26 1.87 0.93 0.68 1.45
2010 - 5.00 3.00 - 0.40 -
Year
Apples
(1kg)
Oranges
(1kg)
Potato
(1kg)
Lettuce
(1 head)
Rice
(white),
(1kg)
Tomato
(1kg)
Banana
(1kg)
Onion
(1kg)
2022 2.64 - - 2.12 1.88 2.94 1.15 1.75
2021 3.52 - 1.97 2.51 2.12 3.67 1.08 1.99
2020 3.58 2.10 2.22 1.79 2.24 2.73 1.79 2.31
2019 3.74 3.14 2.14 2.39 1.48 3.18 1.71 2.54
2018 - - - - - 3.11 - -
2017 3.62 3.12 1.48 1.29 1.29 2.68 1.03 1.82
2016 - - - - - - - -
2015 3.98 - - 1.86 2.07 - - -
2014 2.91 - - 1.20 1.55 3.15 - -
2013 3.58 1.33 1.35 1.32 3.10 2.91 - -
2012 2.38 1.00 2.00 1.00 2.77 3.00 - -
2011 2.52 1.20 1.27 0.90 - - - -
2010 - - - - - - - -
Year
Local Cheese
(1kg)
Bottle of Wine
(Mid-Range)
Cigarettes 20 Pack
(Marlboro)
Chicken Fillets
(1kg)
Beef Round
(1kg)
(or Equivalent Back Leg Red Meat)
2022 7.34 8.50 6.00 - -
2021 8.44 10.00 - 7.53 9.40
2020 8.63 10.00 6.00 7.97 11.10
2019 11.46 10.00 - 7.23 11.63
2018 11.91 8.00 - 7.74 -
2017 6.54 8.50 5.00 5.42 7.48
2016 - 10.00 5.00 8.25 9.06
2015 - 10.00 5.00 8.86 8.62
2014 8.67 10.00 5.50 6.98 -
2013 7.17 - 4.50 7.38 -
2012 5.47 5.50 4.26 7.07 -
2011 6.36 6.00 3.75 4.90 -
2010 - - 2.38 - -

Rent Per Month

Year
Apartment
(1 bedroom)
in City Centre
Apartment
(1 bedroom)
Outside of Centre
Apartment
(3 bedrooms)
in City Centre
Apartment
(3 bedrooms)
Outside of Centre
2022 964.17 547.50 1920.83 945.00
2021 844.44 487.50 1665.00 1006.25
2020 872.22 591.18 1593.18 1008.33
2019 894.44 606.25 1600.00 1097.06
2018 953.85 627.50 1644.23 1159.38
2017 979.41 596.15 1908.33 1159.09
2016 1220.03 703.87 1957.18 1239.33
2015 1073.53 555.00 2135.29 1062.50
2014 1157.14 600.00 1941.67 1070.00
2013 1066.67 - 2300.00 1050.00
2012 1066.67 525.00 1600.00 425.00
2011 750.00 400.00 1833.33 1075.00
2010 800.00 366.67 1496.67 1100.00

Buy Apartment Price

Year
Price per Square Meter
to Buy Apartment
in City Centre
Price per Square Meter
to Buy Apartment
Outside of Centre
2022 2333.33 -
2021 - -
2020 2308.45 1541.01
2019 2450.00 1750.00
2018 2129.17 1512.50
2017 2247.92 1480.00
2016 2143.50 1533.11
2015 1975.00 1455.00
2014 1920.00 -
2013 - 1650.00
2012 1866.67 825.00
2011 1550.00 875.00
2010 1000.00 800.00

Salaries And Financing

Year
Average Monthly Net Salary
(After Tax)
2022 869.17
2021 775.00
2020 814.25
2019 832.82
2018 786.25
2017 708.92
2016 757.17
2015 718.09
2014 780.00
2013 -
2012 1094.33
2011 700.00
2010 1050.00

Transportation

Year
One-way Ticket
(Local Transport)
Gasoline
(1 liter)
2022 0.35 1.10
2021 0.25 0.89
2020 0.35 0.73
2019 0.25 0.78
2018 0.25 0.83
2017 0.25 0.75
2016 0.25 0.76
2015 0.25 0.80
2014 0.25 0.99
2013 0.80 1.13
2012 - 1.10
2011 0.90 1.00
2010 0.25 -
Year
Monthly Pass
(Regular Price)
2022 -
2021 -
2020 -
2019 -
2018 25.00
2017 30.00
2016 -
2015 -
2014 -
2013 -
2012 15.00
2011 50.00
2010 12.00

Salaries And Financing

Year
Mortgage Interest Rate in Percentages
(%), Yearly, for 20 Years Fixed-Rate
2022 5.66
2021 -
2020 5.47
2019 5.32
2018 5.31
2017 4.97
2016 5.74
2015 5.36
2014 -
2013 -
2012 5.75
2011 5.79
2010 7.75

Utilities (Monthly)

Year
Basic
(Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment
Internet
(60 Mbps or More, Unlimited Data, Cable/ADSL)
2022 108.99 48.56
2021 93.58 43.33
2020 103.46 46.43
2019 100.42 48.01
2018 98.47 55.15
2017 82.86 46.48
2016 97.80 39.37
2015 85.70 42.59
2014 77.37 34.99
2013 - 39.00
2012 51.88 40.00
2011 166.67 34.99
2010 200.00 -

Sports And Leisure

Year
Fitness Club, Monthly Fee for 1 Adult
Tennis Court Rent
(1 Hour on Weekend)
Cinema, International Release, 1 Seat
2022 38.89 - 6.00
2021 33.00 - 5.54
2020 50.58 - 6.50
2019 47.27 24.17 6.50
2018 53.30 25.00 6.62
2017 54.91 - 6.50
2016 66.22 - 6.00
2015 70.40 - 6.00
2014 77.50 - 6.00
2013 53.33 - 5.00
2012 20.00 3.00 4.50
2011 50.00 5.00 3.88
2010 35.00 - 4.00

Clothing And Shoes

Year
1 Pair of Jeans
(Levis 501 Or Similar)
1 Summer Dress in a Chain Store
(Zara, H&M, ...)
1 Pair of Nike Running Shoes
(Mid-Range)
1 Pair of Men Leather Business Shoes
2022 55.56 45.00 77.67 88.33
2021 41.00 - 63.33 91.67
2020 56.88 43.75 75.88 93.21
2019 46.00 36.88 63.68 89.38
2018 56.35 37.31 71.95 79.65
2017 48.97 40.64 74.41 80.75
2016 48.64 35.83 85.29 88.93
2015 52.31 35.00 78.57 74.17
2014 55.83 28.33 83.57 70.00
2013 46.66 - - -
2012 - 19.00 60.00 70.00
2011 50.00 43.33 62.50 68.33
2010 - - - -
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