Statement:
In Panama the cost of living is lower than in Trinidad and Tobago

In the Cost of Living rating Panama holds position #67 2012 out of 90 and Trinidad and Tobago is #61 out of 102 2013.
Position of Panama is better than position of Trinidad and Tobago.
Both countries holds average positions in the "Cost of Living" rating. So Cost of Living Index is an average for both Panama and Trinidad and Tobago, compared to most countries of the World.

Referencies:

  1. Cost of Living 2022 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    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.
    Panama 'Cost of Living Index' value is 53.03
    Trinidad and Tobago 'Cost of Living Index' value is 54.78
  3. Cost of Living 2020 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Panama 'Cost of Living Index' value is 55.02
    Trinidad and Tobago 'Cost of Living Index' value is 56.66
  4. Cost of Living 2019 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Panama 'Cost of Living Index' value is 52.98
    Trinidad and Tobago 'Cost of Living Index' value is 54.17
  5. Cost of Living 2018 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Panama 'Cost of Living Index' value is 50.49
    Trinidad and Tobago 'Cost of Living Index' value is 52.42
  6. Cost of Living 2017 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Panama 'Cost of Living Index' value is 57.79
    Trinidad and Tobago 'Cost of Living Index' value is 57.81
  7. Cost of Living 2016 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Panama 'Cost of Living Index' value is 51.92
    Trinidad and Tobago 'Cost of Living Index' value is 53.33
  8. Cost of Living 2015 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Panama 'Cost of Living Index' value is 53.81
    Trinidad and Tobago 'Cost of Living Index' value is 57.97
  9. Cost of Living 2014 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Panama 'Cost of Living Index' value is 51.61
    Trinidad and Tobago 'Cost of Living Index' value is 56.12
  10. Cost of Living 2013 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Panama 'Cost of Living Index' value is 53.38
    Trinidad and Tobago 'Cost of Living Index' value is 61.60
  11. Cost of Living 2012 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Panama 'Cost of Living Index' value is 54.02