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i was in Panama recently and were there also 5 years ago.
things have changed quite a bit, everyone in Panama City have a brand new car, traffic was worse than ever..
Ocean front is built up, very expensive ocean view apartments of which many were un-occupied (but since the buildings are financed with laundry money, they dont care..)
Fast food is popular, McDonald delivers on a moped.
Locals are becoming westernized and are demanding better lifestyle.
Average income is up, not unreasonable to make $1k - $2k per month and many jobs pay much more.
Everybody has at least 2 smartphones.
Generally I would say long term Panama is not the place to consider retirement on a limited budget.
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"Obscenity is whatever gives the Judge an erection." -- Author Unknown
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