Cost of living in Panama compared to Guyana
Currency:
| Food | + 4% | |||
|---|---|---|---|---|
| Food in Panama is 4% more expensive than in Guyana | ||||
| Panama | Guyana | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 15 B/. (3,206 G$) | 1,433 G$ | + 124% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 8 B/. (1,663 G$) | 1,657 G$ | + 0% | |
| 500 gr (1 lb.) of boneless chicken breast | 3.63 B/. (760 G$) | 632 G$ | + 20% | |
| 1 liter (1 qt.) of whole fat milk | 2.17 B/. (454 G$) | 483 G$ | - 6% | |
| 12 eggs, large | 3.06 B/. (641 G$) | 777 G$ | - 18% | |
| 1 kg (2 lb.) of tomatoes | 2.40 B/. (503 G$) | 441 G$ | + 14% | |
| 500 gr (16 oz.) of local cheese | 7 B/. (1,497 G$) | 1,234 G$ | + 21% | |
| 1 kg (2 lb.) of apples | 2.98 B/. (623 G$) | 1,278 G$ | - 51% | |
| 1 kg (2 lb.) of potatoes | 2.14 B/. (448 G$) | 253 G$ | + 77% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 1.29 B/. (270 G$) | 360 G$ | - 25% | |
| 1 bottle of red table wine, good quality | 13 B/. (2,804 G$) | 6,845 G$ | - 59% | |
| 2 liters of coca-cola | 2.55 B/. (534 G$) | 508 G$ | + 5% | |
| Bread for 2 people for 1 day | 1.69 B/. (354 G$) | 278 G$ | + 27% | |
| Housing | + 31% | |||
| Housing in Panama is 31% more expensive than in Guyana | ||||
| Panama | Guyana | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 1,466 B/. (306,634 G$) | 243,593 G$ | + 26% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 891 B/. (186,388 G$) | 105,307 G$ | + 77% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 155 B/. (32,327 G$) | 13,892 G$ | + 133% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 990 B/. (207,048 G$) | 155,155 G$ | + 33% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 939 B/. (196,536 G$) | 113,824 G$ | + 73% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 89 B/. (18,606 G$) | 9,001 G$ | + 107% | |
| Internet 8 mbps (1 month) | 43 B/. (8,925 G$) | 8,190 G$ | + 9% | |
| 40” flat screen tv | 346 B/. (72,433 G$) | 63,508 G$ | + 14% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 98 B/. (20,435 G$) | 23,444 G$ | - 13% | |
| Laundry detergent (3 l. ~ 100 oz.) | 7 B/. (1,549 G$) | 5,000 G$ | - 69% | |
| Hourly rate for cleaning help | 4.57 B/. (957 G$) | 593 G$ | + 61% | |
| Clothes | - 10% | |||
| Clothes in Panama is 10% cheaper than in Guyana | ||||
| Panama | Guyana | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 49 B/. (10,262 G$) | 9,487 G$ | + 8% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 33 B/. (6,999 G$) | 9,388 G$ | - 25% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 84 B/. (17,513 G$) | 15,578 G$ | + 12% | |
| 1 pair of men’s leather business shoes | 79 B/. (16,608 G$) | 12,829 G$ | + 29% | |
| Transportation | + 5% | |||
| Transportation in Panama is 5% more expensive than in Guyana | ||||
| Panama | Guyana | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 20,405 B/. (4,269,183 G$) | 3,300,000 G$ | + 29% | |
| 1 liter (1/4 gallon) of gas | 1.37 B/. (287 G$) | 309 G$ | - 7% | |
| Monthly ticket public transport | 31 B/. (6,541 G$) | - | - | |
| Personal Care | + 8% | |||
| Personal Care in Panama is 8% more expensive than in Guyana | ||||
| Panama | Guyana | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 7 B/. (1,551 G$) | 2,010 G$ | - 23% | |
| 1 box of antibiotics (12 doses) | 17 B/. (3,578 G$) | 600 G$ | + 496% | |
| Short visit to private doctor (15 minutes) | 24 B/. (5,097 G$) | 4,212 G$ | + 21% | |
| 1 box of 32 tampons (tampax, ob, ...) | 5.50 B/. (1,150 G$) | 1,600 G$ | - 28% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 3.54 B/. (741 G$) | 1,117 G$ | - 34% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 7 B/. (1,469 G$) | 1,476 G$ | - 1% | |
| 4 rolls of toilet paper | 3.27 B/. (684 G$) | 828 G$ | - 17% | |
| Tube of toothpaste | 2.95 B/. (617 G$) | 480 G$ | + 29% | |
| Standard men's haircut in expat area of the city | 15 B/. (3,238 G$) | 2,279 G$ | + 42% | |
| Entertainment | + 65% | |||
| Entertainment in Panama is 65% more expensive than in Guyana | ||||
| Panama | Guyana | Diff | ||
| Basic dinner out for two in neighborhood pub | 34 B/. (7,129 G$) | 5,000 G$ | + 43% | |
| 2 tickets to the movies | 13 B/. (2,694 G$) | 2,793 G$ | - 4% | |
| 2 tickets to the theater (best available seats) | 36 B/. (7,433 G$) | 10,000 G$ | - 26% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 58 B/. (12,049 G$) | 11,404 G$ | + 6% | |
| 1 cocktail drink in downtown club | 10 B/. (2,080 G$) | 2,000 G$ | + 4% | |
| Cappuccino in expat area of the city | 5.52 B/. (1,154 G$) | 709 G$ | + 63% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 2.83 B/. (591 G$) | 360 G$ | + 64% | |
| Ipad wi-fi 128gb | 663 B/. (138,808 G$) | 15,000 G$ | + 825% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 0.29 B/. (60 G$) | 21 G$ | + 180% | |
| 1 month of gym membership in business district | 49 B/. (10,226 G$) | 9,000 G$ | + 14% | |
| 1 package of marlboro cigarettes | 5.84 B/. (1,222 G$) | 500 G$ | + 144% | |
| TOTAL | + 18% | |||
These prices were last updated on September 19, 2023.
Exchange rate:
209.222
GYD
/
PAB
This comparison is based on abundant and consistent data. It is based on 700 prices entered by 72 different people.
Cost of living in Panama is 18% more expensive than in Guyana
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