Wallet-Friendly

Panama, like the majority of Latin American countries, is a reasonably priced tourist and backpacker destination. While Panama City is more expensive at certain times of the year (particularly during the dry season and vacations), it is still reasonably priced for a capital city. The rest of the country, on the other hand, is on pace with the rest of Central and South America.

Bargains on hotel and hostel accommodations, transportation, food, and even beer and alcohol can be discovered. A nice hotel room is roughly $50, a beer costs about $1, and local buses and shuttles are inexpensive. If you have a limited budget, you may get quite far in Panama.

Even if you want to have some fun while you're here, activities like snorkeling, scuba diving, and zip lining will be considerably cheaper than in other parts of the world. So, make the most of your time here by participating in these events if possible. Furthermore, Panama uses the US currency, so if you are traveling from the US, you will not need to convert any money.