🇮🇹 Italy vs 🇵🇦 Panama
Side by side on the data that actually changes your life: prices, taxes, climate, air, safety. Every number has a source and a date.
Climate (capital)
Open-Meteo historical weather
Jan 10° · Jul 27° · Rome
Jan 27° · Jul 27° · Panama City
Sunny days (capital)
Open-Meteo, days with over 4.5h of sunshine
335 days / yr
321 days / yr
Air quality (capital)
WAQI, capital station
AQI 25 · Good
AQI 13 · Good
Prices vs EU average
Eurostat price level index, EU27 = 100
−3% (2025)
—
Big Mac price
The Economist Big Mac index (euro-area countries share one euro-area price)
$7.05
—
Living costs · single, excl. rent (capital)
Reloka cost research, excludes rent
$800–$1,150 / mo
—
Living costs · family of four, excl. rent (capital)
Reloka cost research, excludes rent
$2,750–$3,650 / mo
—
Employment taxes (not your rate)
OECD tax wedge, single average worker
~46% of what a job costs goes to tax (2025)
—
Special tax regimes
Official tax authorities, verified June 2026
Inbound workers regime (impatriati) · 7% flat tax for foreign pensioners
Territorial taxation
Inflation
World Bank
1.5% / yr (2025)
-0.2% / yr (2025)
Unemployment
World Bank, ILO-modelled estimate
6.4% (2025)
8.4% (2025)
Internet (median fixed)
Ookla Speedtest Global Index
~90 Mbps
—
English proficiency
EF English Proficiency Index
moderate
—
Messenger apps
OONI network measurements, last 6 months
No known issues
No known issues
Safety advisory
U.S. State Department travel advisory
Level 2 · Exercise Increased Caution
Level 2 · Exercise Increased Caution
Population
World Bank total population
58.9M (2025)
4.6M (2025)
Population density
World Bank, people per km²
199 / km² (2023)
60 / km² (2023)
Foreign-born residents
World Bank migrant stock
11.0% of population (2024)
10.6% of population (2024)
Life expectancy
WHO
82 yrs
77 yrs
Currency
ISO 4217
EUR
PAB
Timezone (capital)
Open-Meteo
UTC+2
UTC-5
Legal
Crypto-friendly
Short-term gains
33%
0%
Long-term gains
33%
0%
Long-term holding period
—
—
Staking income
43%
0%
Mining income
43%
25%
General rates, not personal tax advice.
Climate, inflation and life expectancy verified 12 July 2026. Prices, taxes and air quality verified 7 July 2026. Sources shown per row.
Bottom line: which should you choose?
Pick 🇮🇹 Italy if you want
more sunshine.
Based only on the sourced metrics above. Visa eligibility and paperwork depend on your passport — build a free plan for the full picture.
Frequently asked questions
Should I choose Italy over Panama?
On the data we track, Italy comes out ahead for more sunshine. Every figure has a source in the table above.
Special tax regimes, verified
Regimes change often and many sites still advertise closed ones. We link the official source for each.
🇮🇹 Italy
50% of employment income tax-exempt up to ~€600k · 5 years
Verified June 2026 · Agenzia delle Entrate
🇮🇹 Italy
7% flat tax on all foreign income · up to 10 years
Verified June 2026 · Agenzia delle Entrate
Numbers are half the story
Your visa route, paperwork and deadlines depend on where you hold a passport. Get a free checklist personalized to your exact move.