At BRL1.75 for 1USD, Panama is cheaper than Brazil.
There are simmilarities, as for some people Panama does have more in common with (parts of) Brazil than (parts of) Colombia or Costa Rica.

i'll bite 2travel2know...what do panamaians have in common with brasil that they don't with their neighbors costa rica & former parent colombia?
...i don't think that the currency exchange by itself determines price of travel/living...if thus the united states would be considered cheaper then brasil as well....
Food, Carnival, music instruments/beats, indian/native culture (Darien indians use darts, like their fellow natives in the Amazon), there are some words from Brazilian portuguese here.
I'm bias towards Panama, but ask a Brazilian who has lived here.
Panama was and still is a crossroad of the world, as such it's bound to get things from other places more than neighbours Costa Rica and "former parent" Colombia (the same parent of Venezuela and Ecuador)..

Hey if don't have a problem with slavery you should invest in Chiquita! All about the money right Solo? Gotta keep the models happy, and no money no house in the Hamptons or skiing in Japan.

i think i see where you're going jackson
...do you have any stocks that are lillywhite where our investments will get your approval?

everywhere i see mc donalds around the world i see the rise of diabetes
....i hope i don't catch any judgmental wrath for having their stock in my meager portfolio...
...i do patronize them however for their coffee in an otherwise coffeeless territory...& of course they, like kfc, always maintain clean western style bathrooms
...maybe their clean bathrooms & good example of proper hygeine in otherwise unhygenic countries cancels out their shortening life expectancies