About Panama

Operating Costs

 
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Available Labor Force

961,403
Minimum Salary US$ 1.22 p/h
Average Monthly Salary US$ 350

Professionals
Bilingual Secretary US$ 500
Accountant US$ 560
Engineer US$ 1,000
Manager US$ 1,000

Cost of Electricity per kw/h - US$ 10.6 cents

Cost of water (less than 10,000 gallons)
US$ 1.15 Industrial US$ 0.80 Office

Cost of International Calls
US$ 1.00 tax on international calls (not applicable to call centers)
US$ 0.05 tax on cables and radiograms abroad

Leasing of Industrial Buildings
US$ 100 US$ 5 per M2

Port Costs
Movement of Container – US$220.00

Average Housing Rental Costs
Apartament - US$ 500 1,000 monthly
House - US$ 750-2,000 monthly

Average Education Costs
Private Schools
Elementary US$ 100 monthly
High US$ 130 monthly
Transport US$ 35 monthly

For economic consulting, the BusinessPanama Group has teamed up with the leading Economic Consulting Group in Panama. For more information, please click here to contact us.

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