Receiving country · World Bank RPW · PA
Send money to Panama
Annual WDI inflows land in the lower fleet tercile ($0.6B) - a thin receive book relative to larger RPW destinations.
- 4.1%
- Avg inbound cost
- 2.5%
- Cheapest · from United States
- $0.6B
- Received per year
- 1
- Source corridor
WDI-inflow tercile vs fleet
Panama pulls in $0.6B a year, lower fleet tercile (below ~$1.5B), ranking #44 of 53 by WDI inflow. Average inbound cost is 4.1%.
- #44 of 53
- WDI inflow corpus rank
- 4.1%
- average inbound cost
- 2.5%
- cheapest source: United States
- $0.6B
- received annually
Cheapest Ways to Send Money to Panama
All Corridors to Panama
| # | From | Avg cost | Cheapest | Cheapest provider |
|---|---|---|---|---|
| 1 | United States | 4.1% | 2.5% | Ria |
Thin remittance inflows into Panama
Panama pulls in about $0.6B a year (lower inflow tercile, below ~$1.5B) across 1 RPW source corridors at 4.10% average inbound cost.
The three cheapest inbound corridors to Panama right now are from United States at 2.45% via Ria. These are floor prices on a $200 transfer into Panama, fee plus FX margin.
For senders pointing money toward Panama, compare the cheapest provider on the specific corridor rather than defaulting to a household brand.
About Panama inbound data
PlainRemit compares international money-transfer costs across tracked corridors so you can see which routes and providers charge the least before you send money abroad. This country's figures are computed directly from the World Bank Remittance Prices Worldwide (RPW) quarterly survey, a mystery-shopping panel of actual transfer quotes for a standardized $200 transfer. The UN Sustainable Development Goal 10.c target is to reduce remittance transaction costs to below 3% by 2030; always verify current rates directly with providers before sending money, rates change frequently.
Average inbound cost 4.10%; 1 source corridor tracked to Panama; vintage 2026-08-10.
Frequently Asked Questions
How much money is sent to Panama each year?
Panama receives about $0.6B a year - lower inflow tercile - from 1 RPW source countries at 4.10% average inbound cost.
What is the cheapest way to receive money in Panama?
On World Bank RPW $200 sends, the cheapest inbound floors into Panama are from United States, as low as 2.45%. Country average inbound cost is 4.10% (lower fleet tercile).
How have remittance costs to Panama changed over time?
Panama's current average inbound cost is 4.10%, below the fleet lower tercile (~5.3%) and 2.3 pp under the ~6.4% global RPW average. RPW has tracked this receive market since 2011.
Where does Panama sit among remittance-receiving countries?
According to World Bank WDI remittance inflows among 53 tracked receiving countries on PlainRemit, Panama ranks #44 of 53 by annual dollars received. /send-to browses alphabetically; this inflow ordinal matches the largest-receivers research ranking.