Panamá Financial Summary

Hola chicos!!!!  I just realized that although I wrote this awhile ago, I never posted it!  Better late than never though!  Here are the stats for Panamá!

Days in Panamá: 10

Money Spent: $286.88

That means we spent $28.66 per day, or roughly $14.33 per person per day.  So we were just barely under our target budget of $15 per person per day.  I’m very proud of us forfinallybeing on budget again after going over in the last few countries.  Rock on!!!!

A side note: I didn’t count our passage on Fritz the Cat here, as I consider that to be between countries and it was so expensive it would totally throw the whole skew off.

As you can see, our spending only fell into a few categories in Panamá.  Despite how small the country is, buses are not cheap in Panamá.  They seem to run about $2+ per hour of travel.

Food is also more expensive than in South America.  The cheapest meal we ever had was a $1.50 plate of rice and beans in Las Tablas.  In Panamá City and Bocas del Toro, you can expect to pay at least $3.50 for a decent plate of Panamanian food.  We did have hostels with kitchens most of the time so we tried to buy groceries and cook a lot to keep costs down.

We didn’t pay for a single place to stay in Panamá!  That’s right, our Lodging cost was absolutely ZERO!  Yeah hostel reviews and Couchsurfing!

FYI, Panamá’s currency is the US dollar, although instead of just calling them “dolares”, they are also called “Balboas.”

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