Verified Facts

Official NameRepublic of Panama
CapitalPanama City
Population4.1 million
Area75,417 km² (29,119 sq mi)
LanguagesSpanish
CurrencyPanamanian balboa (B/.), United States dollar ($)
TimezoneUTC-05:00
RegionAmericas / Central America
Drives onRight
Source: REST Countries API

Economic Indicators

GDP per Capita (PPP)$41,369 (2024)
Inflation Rate0.7% (2024)
Health Spend per Capita$1,558 (2023)
Out-of-Pocket Health Spend40.5% (2023)
Education Spend (% GDP)2.5% (2023)
Source: World Bank Open Data

The cost of healthcare in Panama varies depending on the type of service and provider, with public healthcare services generally being more affordable than private ones, and health expenditure per capita averaging around $1,558 per year.

Quick Facts

Health Expenditure per Capita$1,558 (2023)
Out-of-Pocket Spend40.5% (2023)
Healthcare SystemMixed
Emergency Number911
Insurance RequiredRecommended
CurrencyPAB

Healthcare System Overview

Panama's healthcare system is a mixed model, combining both public and private providers. The public healthcare system is generally considered to be of lower quality compared to the private system, but it is more affordable and widely available. Locals often rely on the public system for basic care, while foreigners and those who can afford it tend to opt for private healthcare services. The public system is funded through a combination of government funding and social security contributions, while private healthcare is typically paid out-of-pocket or through private insurance. Having health insurance is not mandatory in Panama, but it is highly recommended, especially for foreigners, as it can provide access to better quality care and help cover the costs of more complex medical procedures.

The healthcare system in Panama is generally well-equipped to handle basic medical needs, but it can be limited in terms of specialized care and advanced medical technology. Many doctors and medical professionals in Panama are trained in the US or Europe, and speak English, making it easier for foreigners to navigate the healthcare system. However, there can be significant differences in the quality of care between public and private providers, and between urban and rural areas. In general, private hospitals and clinics in Panama City and other major urban areas tend to offer higher quality care and more advanced medical technology than public facilities or those in rural areas.

Medical Visit Costs

ServicePublic (USD)Private (USD)Notes
GP / Doctor Visit$10-$30$50-$100
Specialist Consultation$20-$50$100-$200
Dental Checkup$20-$50$50-$100
Eye Exam$20-$50$50-$100
Blood Test (basic panel)$10-$30$50-$100

Hospital & Procedure Costs

ProcedureCost Range (USD)Notes
Emergency Room Visit$50-$200
Hospital Stay (per night)$100-$500
Basic Surgery$1,000-$5,000
Childbirth (normal delivery)$1,500-$3,000
MRI Scan$200-$500
X-Ray$20-$100

Health Insurance

Coverage TypeMonthly Cost (USD)What It Covers
Basic Local Insurance$50-$100Basic medical care, hospital stays, and some procedures
Comprehensive Private$200-$500Advanced medical care, specialized procedures, and full hospital coverage
International / Expat$300-$1,000Global coverage, including medical evacuation and repatriation

Pharmacy & Medication Costs

  • Prescription medication can cost between $10-$50 per month, depending on the type and brand
  • Over-the-counter medication is widely available and generally affordable, with prices starting at around $5
  • Many pharmacies in Panama are well-stocked and offer a wide range of medications, including some that may not be available in other countries
  • Prescription rules are generally similar to those in the US and Europe, with some medications requiring a doctor's prescription and others being available over-the-counter
  • Pharmacy availability is generally good in urban areas, but can be limited in rural areas
  • Some pharmacies may offer discounts or special promotions, especially for frequent customers or those with private insurance

Emergency Care

In the event of a medical emergency, it is best to call 911 or go to the nearest hospital or emergency room. Many hospitals in Panama have 24-hour emergency services, and some may have specialized emergency departments, such as trauma centers or cardiac care units. Ambulance services are also available, but may not always be reliable or promptly available, especially in rural areas. For foreigners, it is often recommended to seek care at a private hospital or clinic, as these tend to have better equipment and more English-speaking staff. Some of the best hospitals for foreigners in Panama include the Hospital Punta Pacifica and the Clinica Hospital San Fernando, both of which are located in Panama City and offer a wide range of medical services, including emergency care.

Related Cost Guides: Cost of Living Overview · Monthly Budget · Utilities & Internet · Economy