See also: food prices cost of living entertainment costs
Can you eat cheaply in restaurants in Panama? What are the prices in affordable pubs in Panama? How much will I have to spend a day when I only eat in fast food restaurants in Panama?
If we are looking for an affordable place to eat, then in a cheap restaurant we will pay about 10 US dollars.
With limited time and to avoid spending too much, you can opt for fast food. The cost of a meal set (sandwich, fries, and a soda) is approximately 8 US dollars.
And when we can afford to go to the restaurant, we will pay for a meal consisting of three dishes around 60 US dollars.
And if you want to drink a beer or two, you have to pay extra: 4 US dollars (price for 2 bottles)
And if you prefer a Coke, Fanta, Sprite or similar carbonated drink, then you have to pay 1.6 US dollars for a small bottle.
Below you will find the full price list in Panama, including coffee, Burger King or a similar bar, local beer, a better restaurant for a couple, or cheap restaurant
See also how prices have changed in previous years: Price changes in previous years in Panama
What currency is used in Panama and what is the conversion rate?
Currency in Panama Panamanian balboa (PAB). For 10 US dollars you can get 10 Panamanian balboas. For 100 US dollars you can get 100 Panamanian balboas. And the other way around: For 10 Panamanian balboas you can get 10 US dollars.
Prices: David Santiago San Miguelito Aguadulce Colón Chilibre Pacora Tocumen San Carlos Puerto Armuelles
cheap restaurant
$10 ($4 - $20)
by half less than in United States
local beer
$2 ($1.3 - $4)
67% is less expensive than in United States
coffee
$3.5 ($1.5 - $5)
32% is less expensive than in United States
bottle of water
$1.2 ($1 - $2)
by half less than in United States
Burger King or a similar bar
$8 ($7 - $9.5)
26% is less expensive than in United States
Cola, Pepsi, Sprite, Mirinda
$1.6 ($1 - $3)
36% is less expensive than in United States
Price changes in Coffee over the years: 2011: $1.5(PAB 1.5), 2013: $2.1(PAB 2.1), 2014: $2(PAB 2), 2015: $2.7(PAB 2.7), 2016: $2.7(PAB 2.7), 2017: $2.7(PAB 2.7), and 2018: $2.6(PAB 2.6)
Price changes in A Better Restaurant For A Couple over the years: 2010: $30(PAB 30), 2011: $25(PAB 25), 2013: $35(PAB 35), 2014: $40(PAB 40), 2015: $43(PAB 43), 2016: $40(PAB 40), 2017: $40(PAB 40), and 2018: $43(PAB 43)
Do we have to pay more for beer in the restaurant than we used to?
This is what beer prices looked like in 2010: $0.8(PAB 0.8), 2011: $1.1(PAB 1.1), 2013: $2(PAB 2), 2014: $1(PAB 1), 2015: $1.5(PAB 1.5), 2016: $1.5(PAB 1.5), 2017: $1.5(PAB 1.5), and 2018: $2(PAB 2).
Do carbonated drinks cost more than they used to in Panama?
On average, a bottle of Cola or Pepsi has cost: 2010: $0.72(PAB 0.72), 2011: $0.93(PAB 0.93), 2013: $1.2(PAB 1.2), 2014: $1.2(PAB 1.2), 2015: $1.1(PAB 1.1), 2016: $1.1(PAB 1.1), 2017: $1.1(PAB 1.1), and 2018: $1.3(PAB 1.3) in recent years
Price changes in Bottle Of Water over the years: 2010: $0.55(PAB 0.55), 2011: $0.92(PAB 0.92), 2013: $1(PAB 1), 2014: $0.99(PAB 0.99), 2015: $1.1(PAB 1.1), 2016: $0.95(PAB 0.95), 2017: $1(PAB 1), and 2018: $1.1(PAB 1.1)