Statement:
In Norway the cost of living is higher than in Panama

In the Cost of Living rating Norway holds position #1 2012 out of 90 and Panama is #67 out of 90 2012.
Position of Norway is worse than position of Panama.
Norway is leader of the "Cost of Living" rating. Living in Norway is really expensive, compared to Panama

Referencies:

  1. Cost of Living 2022 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Norway 'Cost of Living Index' value is 85.93
    Panama 'Cost of Living Index' value is 48.25
  2. Cost of Living 2021 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Norway 'Cost of Living Index' value is 103.56
    Panama 'Cost of Living Index' value is 53.03
  3. Cost of Living 2020 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Norway 'Cost of Living Index' value is 96.80
    Panama 'Cost of Living Index' value is 55.02
  4. Cost of Living 2019 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Norway 'Cost of Living Index' value is 104.49
    Panama 'Cost of Living Index' value is 52.98
  5. Cost of Living 2018 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Norway 'Cost of Living Index' value is 104.09
    Panama 'Cost of Living Index' value is 50.49
  6. Cost of Living 2017 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Norway 'Cost of Living Index' value is 112.75
    Panama 'Cost of Living Index' value is 57.79
  7. Cost of Living 2016 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Norway 'Cost of Living Index' value is 104.26
    Panama 'Cost of Living Index' value is 51.92
  8. Cost of Living 2015 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Norway 'Cost of Living Index' value is 109.30
    Panama 'Cost of Living Index' value is 53.81
  9. Cost of Living 2014 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Norway 'Cost of Living Index' value is 145.16
    Panama 'Cost of Living Index' value is 51.61
  10. Cost of Living 2013 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Norway 'Cost of Living Index' value is 173.85
    Panama 'Cost of Living Index' value is 53.38
  11. Cost of Living 2012 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Norway 'Cost of Living Index' value is 151.34
    Panama 'Cost of Living Index' value is 54.02