Panamanian Balboa: if you had bought gold, dollars or euros 10 years ago?
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Which one beat inflation?
In everyday units
The same money, counted in minimum wages and Big Macs.
Prices used in this calculation
About the data
BData quality: B · CPI through May 2026 · Sources: IMF, BIS, World Bank, ILO
Notes
- Official data with a known caveat (rebase, dispute or short history).
- CPI series: IMF:PAN
- Official monthly CPI history starts after 2000.
Sources
- IMF Consumer Price Index (CPI) datasetAttribution: International Monetary Fund, Consumer Price Index (CPI) dataset. License: IMF terms (https://www.imf.org/en/About/copyright-and-terms); commercial reuse: ask copyright@imf.org
- US BLS CPI-U, not seasonally adjusted (CUUR0000SA0)Attribution: U.S. Bureau of Labor Statistics. License: Public domain
- Eurostat HICP, euro area (prc_hicp_minr, prc_hicp_midx)Attribution: Eurostat. License: Eurostat reuse policy (Commission Decision 2011/833/EU)
- Frankfurter v2 exchange rates (multi-provider blend incl. BIS)Attribution: Frankfurter (frankfurter.dev); Bank for International Settlements and central banks. License: Free API; rates under each provider's terms (BIS, ECB, IMF, central banks)
- World Bank Commodity Price Data (The Pink Sheet)Attribution: World Bank Commodity Price Data (The Pink Sheet), CC BY 4.0. License: CC BY 4.0
- ILO, ILOSTAT: statutory monthly minimum wage by currency (DF_EAR_INEE_CUR_NB)Attribution: International Labour Organization, ILOSTAT (CC BY 4.0). License: CC BY 4.0
- Eurostat monthly minimum wages, semi-annual (earn_mw_cur)Attribution: Eurostat. License: Eurostat reuse policy (Commission Decision 2011/833/EU)
- T.C. Çalışma ve Sosyal Güvenlik Bakanlığı: yıllar itibarıyla net ve brüt asgari ücretAttribution: T.C. Çalışma ve Sosyal Güvenlik Bakanlığı. License: Public government table
- BIS residential property price statistics, nominal (WS_SPP)Attribution: Source: BIS residential property price statistics. License: Free with citation; no extra charge to users (https://data.bis.org/help/legal)
- OECD analytical house price indicators, nominal HPIAttribution: OECD Analytical house price indicators (CC BY 4.0). License: CC BY 4.0
- The Economist, Big Mac index (big-mac-data), local priceAttribution: The Economist, big-mac-data (MIT License, © 2018 The Economist Newspaper). License: MIT License
Data generated 2026-10-20 · Sources
Show the math
What PAB 1,000 would be worth in May 2026
| Bought | gold | silver | US Dollar | Euro | keep as cash |
|---|---|---|---|---|---|
| 1 year ago May 2025 | PAB 1,384 ×1.35 | PAB 2,374 ×2.32 | PAB 998.3 ×0.98 | PAB 1,033 ×1.01 | PAB 1,000 ×0.98 |
| 5 years ago May 2021 | PAB 2,481 ×2.30 | PAB 2,838 ×2.63 | PAB 1,001 ×0.93 | PAB 962.27 ×0.89 | PAB 1,000 ×0.93 |
| 10 years ago May 2016 | PAB 3,657 ×3.36 | PAB 4,639 ×4.27 | PAB 1,005 ×0.92 | PAB 1,038 ×0.95 | PAB 1,000 ×0.92 |
| 20 years ago May 2006 | PAB 6,796 ×4.32 | PAB 5,821 ×3.70 | PAB 1,000 ×0.64 | PAB 915.45 ×0.58 | PAB 1,000 ×0.64 |
Each cell shows the value in the end month, then the real multiple (adjusted for inflation in Panamanian Balboa; ×1.00 means the same purchasing power). Monthly average prices, no fees or taxes.