Statement:
In Panama the cost of living is lower than in Switzerland

In the Cost of Living rating Panama holds position #67 2012 out of 90 and Switzerland is #2 out of 90 2012.
Position of Panama is better than position of Switzerland.
Switzerland is leader of the "Cost of Living" rating. Living in Switzerland is really expensive, compared to Panama

Referencies:

  1. The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Panama 'Cost of Living Index' value is 48.25
    Switzerland 'Cost of Living Index' value is 110.34
  2. The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Panama 'Cost of Living Index' value is 53.03
    Switzerland 'Cost of Living Index' value is 125.02
  3. The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Panama 'Cost of Living Index' value is 55.02
    Switzerland 'Cost of Living Index' value is 125.69
  4. The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Panama 'Cost of Living Index' value is 52.98
    Switzerland 'Cost of Living Index' value is 122.67
  5. The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Panama 'Cost of Living Index' value is 50.49
    Switzerland 'Cost of Living Index' value is 119.98
  6. The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Panama 'Cost of Living Index' value is 57.79
    Switzerland 'Cost of Living Index' value is 138.16
  7. The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Panama 'Cost of Living Index' value is 51.92
    Switzerland 'Cost of Living Index' value is 125.67
  8. The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Panama 'Cost of Living Index' value is 53.81
    Switzerland 'Cost of Living Index' value is 124.51
  9. The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Panama 'Cost of Living Index' value is 51.61
    Switzerland 'Cost of Living Index' value is 142.49
  10. The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Panama 'Cost of Living Index' value is 53.38
    Switzerland 'Cost of Living Index' value is 151.77
  11. The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Panama 'Cost of Living Index' value is 54.02
    Switzerland 'Cost of Living Index' value is 141.31