A Travel Price Comparison for Families, Couples, and Backpackers Panama vs. Iceland for Resorts, Beaches, Hiking, and Families

Should you visit Panama or Iceland?

Which is cheaper to visit? Which is more expensive for vacation?

Which country should you visit? Read on to compare the activities as well as the prices of travel for Panama and Iceland. We'll break down costs for accommodation, food, transportation and more to help you learn more about these two destinations. Then, you can figure out if either of these two places are accessible based on your travel budget, schedule, and interests. So, let's dig into it.

We'll start with a quick overview, and below we will go into all of the details.


Panama Iceland
Museums & Attractions check
Food check
Nightlife check
Resorts check
Scuba Diving & Snorkeling check
Beaches check
Skiing check
Hiking check
National Parks check
Families check
Couples check
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Panama

Bocas del Toro, Panama Bocas del Toro, Panama

Panama is a dynamic, tropical, and diverse country. Many visitors also come to Panama because of it's amazing beauty. Visitors also love the shopping, museums, wildlife, and adventure travel.

Panama, the isthmus connecting North and South America, is a tantalizing travel destination with a mosaic of experiences to offer. Famous for the engineering marvel of the Panama Canal, the country charms travelers with its alluring blend of vibrant urban life and pristine natural beauty. In Panama City, ultra-modern skyscrapers coexist with colonial-era architecture, offering a fascinating skyline, while beyond the city, lush rainforests, idyllic beaches, and diverse wildlife await exploration. Adventure seekers will find plenty of opportunities for hiking, diving, and snorkeling, while those drawn to culture can immerse themselves in indigenous communities or savor the flavors of local cuisine. Whether you're sipping coffee in the highlands of Boquete, spotting resplendent quetzals in the cloud forests, or lounging on the sandy shores of Bocas del Toro, Panama is a versatile and enticing destination.

Iceland

Reykjavik, Iceland Reykjavik, Iceland

Iceland is a rugged, enchanting, and stunning country. The famous beauty of Iceland is one of the main draws. It's also known for wildlife, adventure travel, national parks, and history and culture.

Iceland, often dubbed the "Land of Fire and Ice," is a breathtaking country that captivates every traveler who sets foot on its otherworldly terrain. With landscapes dotted with volcanoes, geysers, hot springs, and lava fields, alongside massive glaciers and fjords that defy imagination, this Nordic island is a paradise for nature enthusiasts and adventure seekers alike. Visitors are drawn here to experience the surreal beauty of the Northern Lights, soak in geothermal lagoons, embark on thrilling hikes, and explore vibrant Reykjavik. Known for its commitment to eco-friendly tourism, Iceland provides an opportunity to connect with nature in its rawest and most pristine form.

Panama and Iceland: Pros and Cons

Pros
  • Popular museums and historical sights
  • Great culture, history, and arts
  • Popular beach
  • Adventure!
  • Family-friendly
  • Good for couples and romance
  • Good for backpackers and budget travelers
  • Impressive beauty
Cons
  • Less hiking options
  • Not as many national parks
  • Not as many road trip options
Pros
  • Popular museums and historical sights
  • Great culture, history, and arts
  • Good for hiking
  • Beautiful national parks
  • Adventure!
  • Great road trips
  • Family-friendly
  • Good for couples and romance
  • Impressive beauty
Cons
  • Less attractive beach
  • Less popular with backpackers


Bocas del Toro, Panama Bocas del Toro, Panama

How is Panama different from Iceland?

Which is Better for a Holiday?

Below we will examine the differences and similarities between Panama and Iceland. With this information, you can decide for yourself which place is better for your next trip.

Are the Museums and Historical Sights Better in Panama or Iceland?

Panama
Iceland

Interesting museums and landmarks can be found in both Panama and Iceland, but many consider Iceland to be a step above.

Visitors can fill many days exploring the museums and attractions around Iceland. Reykjavik hosts some excellent museums that offer insights into Icelandic heritage and art. The National Museum of Iceland provides a detailed glimpse into the country's history from settlement to modern times. The Reykjavik Art Museum showcases contemporary Icelandic art. The Maritime Museum offers fascinating exhibits about the fishing industry and life at sea. These museums, among others in Reykjavik, provide compelling narratives and cultural education for visitors.

Panama offers a variety of museums and landmarks to choose from. Panama offers a variety of museums that cater to different interests, with a focus on history and biodiversity. The Biomuseo in Panama City, designed by Frank Gehry, offers insights into the natural history and biodiversity of the region. The Panama Canal Museum provides an in-depth look at one of the world's engineering marvels and its historical significance. Casa Museo del Banco Nacional stands as a symbol of Panama’s financial history. While the museum scene may not be extensive, it offers quality learning and exploration opportunities.


Is Panama or Iceland Better for Culture, Arts, and History?

Panama
Iceland

Panama and Iceland both offer great history and culture to travelers.

Panama is a very nice destination to visit for history and culture, as it has some sights worth visiting. Panama offers a fascinating blend of history and culture, primarily influenced by its strategic geographic location. The historic area of Casco Viejo in Panama City provides a captivating journey through time with its cobblestone streets and colonial architecture. The ruins of the original Panama City, Panama Viejo, are another important historical site reflecting the city's past. The indigenous Emberá and Kuna communities offer cultural experiences showcasing traditional crafts and ways of life. Visitors can immerse themselves in Panama's diverse cultural tapestry.

Iceland is a great destination for historical, cultural, and artistic sights and attractions. Iceland's rich history and culture are deeply entwined with its dramatic landscapes. The Saga Museum in Reykjavik and the Settlement Center in Borgarnes provide insights into Viking heritage. Explore Þingvellir National Park, a UNESCO World Heritage site, significant for its historic Althing assembly. The cultural influence of figures like Snorri Sturluson is visible in sites throughout the countryside. While the country is less dense in historical sites compared to Europe, its unique culture offers fascinating exploration opportunities.

Is Panama or Iceland Better for Big City Activities?

Panama
Iceland

Panama and Iceland both are comparable with their great activities in larger cities.

Since Panama has large cities, you'll find plenty of things to do. Panama City, the capital, is vibrant and offers diverse attractions for visitors. The city's skyline is marked by modern skyscrapers, yet the historical charm of Casco Viejo provides a taste of ancient architecture and lively streets. The vibrant Calzada de Amador offers scenic views of the city and spots for leisurely strolls. Besides historical sites and shopping malls, Panama City offers cultural experiences, from museums to contemporary art galleries, catering to various interests. Visitors will find a refreshing juxtaposition of the old and new, ensuring a memorable city experience.

Iceland has some large cities, so you'll find plenty of things to do when visiting. Reykjavik, the capital and largest city, serves as the cultural and economic hub, offering visitors an array of activities. The city's vibrant arts scene, museums like the National Museum of Iceland, and architectural sites such as the Harpa Concert Hall are must-visit spots. However, outside of Reykjavik, the urban centers are relatively smaller, providing more localized experiences, yet they may not cater to typical "big city" expectations.

Is Panama or Iceland Better for Small Towns and Villages?

Panama
Iceland

Panama and Iceland both are comparable with their great activities in villages and small towns.

Panama is a great destination to visit small towns and villages just waiting to be explored. The quaint small towns of Panama are delightful spots for travelers seeking authentic local experiences. Valle de Antón, situated in a beautiful volcanic valley, is famed for its picturesque landscapes, natural hot springs, and the popular Sunday market. In the highlands, Boquete is known for its cool climate and lush coffee plantations, appealing to nature lovers with numerous hiking trails and gardens. Santa Fé in the Veraguas province offers a serene mountain retreat, perfect for enjoying fresh air and scenic drives. These towns embody the charm and tranquility many visitors are seeking.

Iceland offers plenty of small towns along with charming sights and activities, too. The picturesque small towns scattered across the countryside provide charming escapes with a sense of authenticity. Seyðisfjörður, nestled in the East Fjords, boasts colorful wooden buildings and an artsy community vibe. Vik, known for its black sand beaches and basalt columns, offers a memorable small-town experience. Visitors can also enjoy the remote tranquility of places like Borgarfjörður Eystri, renowned for its hiking trails and puffin colonies.

Is the Food Better in Panama or Iceland? Which Country Has the Best Restaurants?

Panama
Iceland

Iceland has a longer list of notable local restaurants than Panama.

With its innovative style combined with traditional elements, Iceland makes for a great culinary experience. Icelandic cuisine offers a delightful mix of traditional and modern flavors. Seafood lovers will relish the fresh fish dishes, including cod and langoustine specialties available in restaurants and local markets. Reykjavik's dining scene is vibrant with options ranging from upscale dining to cozy cafes. Those looking to try local delicacies can indulge in Icelandic lamb and skyr, a popular dairy product. For adventurous eaters, fermented shark and sheep's head are traditional dishes that offer a taste of Icelandic heritage.

Panama has a delicious restaurant scene that relies on local flavors. Panama’s culinary scene is a flavorful mix that reflects its diverse cultural influences. Local markets in Panama City offer a taste of traditional food such as "sancocho," a hearty chicken soup, and "patacones," delicious fried plantains. At the fish market, fresh seafood is abundant, including ceviche prepared with a local twist. The coffee-growing region of Boquete is perfect for coffee lovers wanting to savor freshly brewed cups. Throughout the country, visitors can enjoy a fusion of Latin American flavors served in an array of restaurants, from street vendors to upscale dining.


Is Panama or Iceland Better for Nightlife?

Panama
Iceland

Party-goers will usually choose Iceland over Panama.

The people in Iceland know how to have a good time. Reykjavik's nightlife scene is lively and varied, with a range of bars, clubs, and venues to suit different tastes. The city's pubs often feature live music, and many spots stay open late, creating an appealing atmosphere for night owls. Live music thrives in the city, with venues hosting local and international artists. The nightlife is typically centered around the weekends, drawing both locals and visitors into the city's vibrant social scene.

If you're looking for night time activities Panama has a few options to choose from. Panama's nightlife offers a blend of vibrant options, primarily centered in Panama City. The bustling district of Casco Viejo is known for its lively bars, rooftop lounges, and nightclubs, where visitors can enjoy drinks with views of the illuminated skyline. For a more local experience, places like Calle Uruguay offer a mix of dance clubs and pubs for an energetic night out. The vibrant beach town of Bocas del Toro also hosts lively parties and sunset bars, attracting a youthful crowd. While not as expansive as some other cities, Panama's nightlife is varied and engaging.

Is Panama or Iceland Better for Resorts?

Panama
Iceland

Panama tends to offer a wider variety of resorts than Iceland.

For the ultimate resort vacation, Panama is a great choice. Panama is home to an impressive selection of luxury and all-inclusive resorts that provide a lavish experience. The Pearl Islands are renowned for exclusive resorts that offer privacy, pristine beaches, and top-notch service. Bocas del Toro presents both upscale beachfront accommodation and eco-resorts for visitors looking for a touch of luxury in tropical surroundings. In the bustling region of Playa Blanca and along the Pacific coast, travelers can enjoy high-end resorts with comprehensive amenities. These destinations ensure a luxurious retreat for those seeking comfort by the sea.

Iceland is known as a popular and fun resort destination. While not traditionally known for all-inclusive resorts, Iceland offers luxury accommodations that provide pampering experiences. The Retreat at Blue Lagoon offers exclusive spa services among breathtaking geothermal landscapes. In Reykjavik, boutique hotels offer high-end experiences with modern amenities. Additionally, countryside hotels and cabins present serene settings with views of glaciers or the Northern Lights for those seeking peaceful luxury.

Is Panama or Iceland Better for Beaches?

Panama
Iceland

Most people pick Panama for its beaches over Iceland.

Travelers come from around the world to visit the beaches in Panama. Panama's stunning beaches are a major draw for visitors seeking sun and relaxation. The pristine sands of the San Blas Islands offer a picture-perfect setting with turquoise waters ideal for swimming and snorkeling. Bocas del Toro boasts laid-back vibes with a combination of party beaches and quiet spots. The Pacific coast, including Playa Blanca and Santa Catalina, provides long stretches of seaside bliss and excellent surf conditions. With such a wide range of beaches, Panama caters to every type of beachgoer.

You can check out the beach in Iceland. While known more for its dramatic coastlines than traditional beach experiences, Iceland has intriguing beaches worth exploring. The black sand beaches of Vik and Reynisfjara offer striking views and unique geologic formations like basalt columns. Djúpalónssandur on the Snæfellsnes Peninsula provides a memorable setting amid rugged cliffs. However, visitors should note that the beaches are not suited for swimming due to cold temperatures and strong currents.

Is Panama or Iceland Better for Hiking?

Panama
Iceland

Iceland is generally considered to be a better destination for hiking.

Iceland is well-known for its hiking and trekking. The country's numerous hiking trails offer breathtaking views and diverse challenges, making it a hiker's paradise. The Laugavegur Trail, one of the most popular, features landscapes of geothermal areas, volcanoes, and valleys. The challenging Fimmvörðuháls between Skógar and Þórsmörk provides dramatic scenery with glaciers and mountains. For easier treks, the trails around Lake Mývatn offer volcanic landscapes and easy-to-navigate paths.

Reykjavik: The city offers easy access to some of the world's most spectacular scenery. There are many hikes that you can easily reach from town. They pass through diverse landscapes that include waterfalls, mountains, glaciers, and beaches.

Panama is a good destination for hiking. Panama offers a variety of hiking experiences for outdoor enthusiasts, with options for all skill levels. The renowned Sendero Los Quetzales in Boquete provides a journey through lush cloud forests, with chances to spot the elusive Resplendent Quetzal bird. Trails in Soberanía National Park offer fascinating opportunities to explore diverse flora and fauna. For more challenging treks, the climb to the summit of Volcán Barú rewards hikers with panoramic views. While the trails may not be as extensive as in some other countries, there is plenty to explore for hiking aficionados.


Is Panama or Iceland Better for its National Parks?

Panama
Iceland

Iceland is generally considered to have more national park destinations than Panama.

Iceland has many famous and beautiful national parks that are very popular with tourists. The national parks are treasured destinations, each offering unique natural wonders. Thingvellir National Park, part of the Golden Circle, is rich in history and geological significance, being the site of the world's first parliament. Vatnajökull National Park, the largest in Europe, encompasses glaciers, volcanoes, and stunning waterfalls. Snæfellsjökull National Park offers impressive hiking trails and views of the Snæfellsjökull glacier, adding to the diverse attractions for nature enthusiasts.

Visiting the national parks is a popular activity when in Panama. Panama's national parks provide a captivating mix of natural wonders and biodiversity. Soberanía National Park, near Panama City, is famous for bird watching, where enthusiasts have spotted over 500 bird species. In the western highlands, Volcán Barú National Park offers challenging hikes with rewarding views from the country's highest peak. The lush rainforest of Darien National Park is one of the most biodiverse regions in the world, though access can be difficult due to its remote location. These natural spaces foster breathtaking excursions and immersion in unspoiled environments.

Is Panama or Iceland Better for Wildlife Viewing?

Panama
Iceland

Both Panama and Iceland offer similar amounts of great wildlife viewing activities for travelers.

The wildlife experiences of Panama attract many visitors. Panama is a haven for wildlife enthusiasts, with its lush rainforests and diverse ecosystems. The dense jungles of Soberanía National Park house howler monkeys, sloths, and colorful birds, making it a perfect spot for wildlife spotting. The Bocas del Toro Archipelago offers encounters with playful dolphins and vibrant marine life. Off the Pacific coast, visitors can witness humpback whales near the Pearl Islands. The diverse habitats across the country promise incredible wildlife experiences for visitors who venture into these natural sanctuaries.

Iceland offers fun and exciting wildlife experiences and wilderness activities for visitors of all ages. The country provides excellent opportunities for wildlife viewing. Puffin colonies can be observed in places like the Westman Islands and the cliffs of Látrabjarg during the summer months. Whale watching tours operate from Reykjavik and Husavik, offering sightings of various whale species, including humpbacks and minke whales. Iceland's rich birdlife also attracts ornithologists and birdwatchers to its cliffs and shores.

Is Panama or Iceland Better for Adventure Travel?

Panama
Iceland

While Panama and Iceland both offer adventure travel experiences, overall Iceland is considered to have more options for visitors.

The huge number of adventure travel experiences in Iceland is one of the main reasons travelers come to visit. Adventure travelers will find no shortage of adrenaline-pumping activities. The country's rugged terrain offers ideal conditions for glacier hikes, ice climbing, and snowmobiling. The numerous volcanos provide opportunities for exploration, while river rafting is popular in East Iceland. Adventure seekers can also experience the thrill of diving between tectonic plates at Silfra in Thingvellir National Park.

Panama offers fun and exciting adventure experiences for visitors. Adventure seekers will find Panama a thrill-filled destination with plenty of exciting activities. The swift rivers of Chiriqui Province offer white-water rafting for adrenaline junkies. The lush rainforests and rugged terrain provide exceptional hiking and zip-lining adventures in Boquete and beyond. The Caribbean Sea around Bocas del Toro is ideal for surfing enthusiasts, with consistent waves year-round. Panamanian adventures are diverse, ensuring travelers can satisfy their desire for both natural beauty and exhilaration.

Is Panama or Iceland Better for Visiting the Mountains?

Panama
Iceland

While Panama and Iceland both have beautiful mountain areas, overall Iceland is considered to be better for visitors.

With world-famous mountain scenery, Iceland attracts many visitors interested in both mountain scenery and outdoor activities. Iceland's mountainous landscapes are a testament to the country's volcanic origins. The towering peaks and stunning vistas make it a must-visit destination for mountain enthusiasts. Hvannadalshnúkur, the country's highest peak, offers challenging climbs alongside breathtaking views. The Hornstrandir Nature Reserve presents untouched, rugged mountain cliffs for the adventurous. Smaller mountain ranges like the Snæfellsnes Peninsula provide equally mesmerizing sights, perfect for leisurely exploration and photography.

Panama offers beautiful mountain scenery for visitors, and is one of the main attractions. Panama’s mountainous regions offer exceptional beauty and activities for those who love high-altitude adventures. The Chiriqui Highlands, particularly around Boquete, provide a cool climate and stunning vistas of rolling hills and coffee plantations. Volcán Barú, the highest peak in the country, presents a challenge for avid hikers seeking to reach its summit. The mountainous landscapes offer opportunities for bird watching, with the Resplendent Quetzal being a sought-after sight. Panama’s mountains deliver both adventure and tranquility for those who explore them.


Is Panama or Iceland Better for Outdoor Activities?

Panama
Iceland

Both Panama and Iceland offer an equivilent number of great outdoor activities for travelers.

Panama is famous for its exciting and adventurous outdoor activities. Panama is a paradise for outdoor enthusiasts, offering an incredible array of activities amidst stunning natural landscapes. Hiking is popular, with trails in the picturesque highlands of Boquete, including the famous Quetzal Trail. The dense rainforests, like those in Soberanía National Park, offer exciting opportunities for wildlife spotting and bird watching. The coastlines provide endless watersport activities, from snorkeling in the Caribbean to fishing in the Pacific. The diversity of Panama's landscapes ensures that outdoor activities are both exciting and satisfying for every visitor.

With world-famous outdoor activities, Iceland attracts many visitors interested in natural scenery, exploration, and adventure. Outdoor activities are abundant in Iceland, making it a haven for nature lovers. Hiking trails range from the famous Laugavegur Trail to coastal paths in the Westfjords. The opportunities for exploring glaciers, lava caves, and geothermal areas are almost endless. Fishing, horseback riding, and bird watching add to the diverse range of outdoor experiences available.

Is Panama or Iceland Better for a Road Trip?

Panama
Iceland

Overall Iceland is considered to be better for road trips, as it has more opportunities.

Iceland is often synonomous with road trips because of the open roads, beautiful landscapes, and room to explore. Iceland's Ring Road presents one of the most beautiful road trips in the world, circling the entire country and providing access to stunning landscapes. From glacial lagoons to volcanic craters, travelers can explore diverse ecosystems and small villages. The Westfjords region, although less traveled, offers dramatic fjords and remote roads for adventurous road trippers. East Fjords and the tranquil countryside add to the quintessential Icelandic road trip experience, with frequent opportunities to pause and appreciate the scenic beauty.

Panama is a popular destination to get a car and take a road trip. Panama provides interesting opportunities for road trips, allowing travelers to uncover both popular and hidden gems along scenic routes. The journey to Boquete from Panama City offers picturesque views of the highlands and cloud forests. Heading to the Azuero Peninsula introduces travelers to beaches, traditional towns, and unique cultural festivals. The drive through the Soberanía National Park provides an eco-friendly adventure close to the Panama Canal. While the road infrastructure is generally good, travelers will find a mix of landscapes and attractions along their routes.

Is Panama or Iceland Better for Families?

Panama
Iceland

Families may find more to do in Iceland than Panama.

With a huge array of activities for kids, Iceland is very family-friendly. Iceland offers a myriad of engaging experiences for families. The Golden Circle is a popular route featuring geysers and waterfalls that young travelers will find fascinating. In Reykjavik, families can enjoy visits to the interactive Perlan Museum or relax in the Blue Lagoon. The country's geothermal pools are also a hit with kids, providing fun, natural hot tubs. Additionally, whale watching tours departing from Reykjavik or Husavik offer unforgettable marine wildlife encounters for children and adults alike.

Because of its large number of kid-friendly activities, Panama is very family-friendly. Panama is a delightful destination for families, offering a wealth of experiences that cater to all ages. The famous Panama Canal is an educational marvel, where families can learn about its history and engineering feats. Kids will enjoy the Biodiversity Museum in Panama City, with its colorful and interactive exhibits. Families can unwind on the pristine beaches of Bocas del Toro or explore the lush landscapes of the Gamboa Rainforest. Boquete, with its cooler climate, provides opportunities for gentle hikes among coffee plantations and butterfly gardens, making it perfect for family outings.

Is Panama or Iceland Better for Couples?

Panama
Iceland

Iceland offers a wider variety of romantic activities for couples than Panama.

Couples visit Iceland frequently as it offers plenty of romantic activities. Couples visiting will find plenty of romantic spots amidst the stunning natural landscapes. The secluded beaches and waterfalls on the southern coast offer intimate settings for picnics or shared moments. The charming town of Akureyri, with its picturesque fjords, provides a wonderful backdrop for romantic strolls. Enjoying the peacefulness of the geothermal Blue Lagoon spa or catching the Northern Lights dancing overhead during the winter months adds to the romantic allure of the country.

Panama makes for a fun place to visit for a couple. Panama offers a mix of romantic escapes, making it an enjoyable destination for couples. The exotic San Blas Islands provide a perfect getaway with their secluded and pristine beaches. Couples can enjoy the vibrant nightlife of Panama City, offering diverse dining options and rooftop bars with stunning skyline views. A romantic walk along the cobblestone streets in Casco Viejo, the Old Quarter, presents charming cafes and historic architecture. For nature-loving couples, a visit to the serene highlands of Boquete can offer an escape with intimate hikes and cozy accommodations.


Is Panama or Iceland Easier for Transportation? Which is Easier to Get Around Without a Car?

Panama
Iceland

You'll find great transportation options in both Panama and Iceland.

Public transit in Panama is fairly effecient and thorough. Panama boasts a well-developed transportation network, making it easy for travelers to navigate the country. The Tocumen International Airport in Panama City serves as the primary gateway with numerous international connections. Within the city, an efficient metro system and abundant taxis ensure convenient urban travel. Long-distance buses and highway systems facilitate comfortable travel between major towns like David and Bocas del Toro. Visitors will find it straightforward to explore the country's diverse regions, thanks to its accessible and reliable infrastructure.

Is it easy to travel around Panama?

  • It's very easy and convenient to travel by bus.
  • It's very easy and convenient to travel on cruise ships and excursions.
  • It's quite common to get around if you join an organized tour.
  • It's fairly easy to travel by car.
  • Travel by airplane is possible.

Iceland has some very good public transit options. Public transportation around Iceland is relatively efficient, although most visitors prefer renting a car for flexibility. The Ring Road makes self-driving tours convenient for accessing different regions. In Reykjavik, the public bus system is reliable and user-friendly. Domestic flights and ferries provide additional options for reaching further destinations such as the Westfjords and East Fjords, ensuring travelers have various transportation choices.

Is it easy to travel around Iceland?

  • It's possible to travel by train.
  • Traveling by bus is extremely popular.
  • Traveling on cruise ships and excursions is extremely popular.
  • Organized tours are the best way to get around.
  • Traveling by car is extremely popular.
  • It's possible to travel by airplane.

Is Panama or Iceland more Comfortable for a Trip?

While Panama and Iceland both are comfortable, overall Iceland is a more comfortable and modern travel destination.

Generally, Iceland is considered to be a comfortable and luxurious place to visit. Visitors will find excellent comfort options throughout the island, with numerous modern hotels and cozy guesthouses offering high levels of service. In Reykjavik, accommodations range from luxury hotels to stylish apartments, ensuring a comfortable stay. The country is well-equipped to cater to tourists, with reliable infrastructure, organized tour operators, and modern amenities readily available. Even in remote areas, travelers can enjoy comfortable lodgings with stunning views of glaciers and fjords.

Panama can be very comfortable and luxurious with plenty of restaurants, activities, hotels, and amenities. Travelers seeking comfort will find Panama accommodating with its variety of modern amenities and upscale lodgings. The Waldorf Astoria and JW Marriott in Panama City offer luxurious stays with world-class service. The country's well-developed road network and reliable public transportation make travel comfortable. In the highland town of Boquete, visitors can enjoy charming boutique hotels offering tranquility and scenic views. Even more remote destinations like the Pearl Islands offer upscale resorts, ensuring a comfortable getaway far from the mainland bustle.

Is Panama or Iceland more Touristy?

Iceland usually has many more tourists than Panama.

Iceland sees a large number of visitors. The country has become a popular tourist destination, especially for its unique natural wonders like the Blue Lagoon, Golden Circle, and the Northern Lights. Reykjavik, as the capital and the most visited city, tends to have larger crowds, especially during peak travel seasons. The Ring Road, encircling the island, is a well-trodden path that sees many visitors stopping at major sites like Gullfoss waterfall and Thingvellir National Park. However, travelers can still find quieter spots by venturing off the beaten path in the Westfjords and the East Fjords.

Panama has a reasonable number of visitors. Panama strikes a balance between popular destinations and hidden treasures, as it is not overwhelmingly touristy. Visitors can explore heavily-traveled spots like the Panama Canal and Casco Viejo in Panama City, drawing considerable interest. However, locations like the San Blas Islands and the untouched Darien area provide more off-the-beaten-path experiences. For those appreciating less crowded areas, small towns like El Valle de Antón offer a peaceful escape surrounded by nature.

For some great organized tour ideas, see The Best Family-Friendly Tours to Panama, The Best Adventure Tours to Panama, The Best Budget Tours to Panama, The Best One-Week (7-Day) Tours from Panama City, The Best 2-Week Tours from Panama City, The Best Family-Friendly Tours to Iceland, The Best Hiking & Trekking Tours in Iceland, The Best One Week (7-Day) Tours in Iceland, The Best 10-Day Tours in Iceland, Tours for Outdoor and Nature Lovers in Iceland, The Best Adventure Tours to Iceland, The Best Romantic Tours for Couples in Iceland, The Best Northern Lights Tours in Iceland, The Best Luxury Tours to Iceland, The Best Budget Tours to Iceland, The Best Tours for Seniors to Iceland, and The Best One-Week (7-Day) Tours from Reykjavik.


Isla Diablo, Panama Isla Diablo, Panama

Should I spend more time in Iceland or Panama?

How long in Panama or Iceland?

Both Panama and Iceland have a number of activities to choose from. In our opinion, Iceland has more to see and do, so we recommend spending more time in Iceland than Panama. However, 3-7 days is a good amount of time to spend in either destination.

Families should spend more time in Iceland than Panama. Because of the many family-friendly attractions and fun things to do for kids in Iceland, it's a great place to visit with the whole family.

Couples should spend more time in Iceland than Panama. You'll find plenty of romantic sights and fun activities in Iceland that are perfect for a weekend getaway or a longer couple's trip.

Backpackers and budget travelers should spend more time in Iceland than Panama if your budget allows for it. With a larger number of budget-friendly sights, good nightlife, and active things to do, anyone traveling on a budget would have a good time in Iceland.


  • How many days should I spend in Panama or Iceland?
    Panama 3-7 
    Iceland 3-7

A weekend in Panama or Iceland?

In Panama, you'll find wildlife, adventure travel, and national parks. The length of your trip often depends on your style of travel. Adventure travel is very popular here, too. Since there is so much to do in the area, a weekend is probably not enough for all of it.

Iceland is a great place to explore. With so much to do, a weekend is probably not enough time to see everything. Your budget might influence how long you stay.


Five days in Panama or Iceland?

Panama is a great place to explore. It is common to spend five days here. Many visitors spend time at the beach while visiting the area. Five days is a great amount of time to relax and see the many things that Panama has to offer. Anyone can find something fun to do here.

It's hard to know how much time to spend in Iceland. For many, it makes a great getaway for five days. Many travelers plan to spend time at the national parks on their trip. With all of its activities, you can easily fill five days here. It has many unique tourist attractions and fascinating things to do.

A week in Panama or Iceland?

It's hard to know how much time to spend in Panama. In Panama, you'll find national parks, history and culture, and nightlife. People usually spend lots of time at the beach. With all of its activities, you can easily fill one week here.

Many travelers enjoy the skiing, nightlife, and food when visiting the stunning destination of Iceland. This country offers a variety of activities to choose from. Make sure you spend some time in the national parks, too. If you have one week, this is a great place to go. This would be the perfect place to spend one week, as it has just the right amount of activities.

Two weeks in Panama or Iceland?

It's hard to know how much time to spend in Panama. Many people enjoy the national parks, history and culture, and nightlife when visiting Panama. Adventure travel is very popular here, too. Two weeks is more than enough time to enjoy everything. Take some day trips to nearby places to fill the extra days.

Travelers enjoy the skiing, nightlife, and food when visiting the rugged destination of Iceland. This country offers a variety of activities to choose from. Many travelers plan to spend time hiking while in the area. Two weeks may feel like too much time unless you plan to do a lot of relaxing.

Iceland Iceland

Which country is cheaper, Iceland or Panama?

These are the overall average travel costs for the two destinations.

The average daily cost (per person) in Panama is $93, while the average daily cost in Iceland is $262. These costs include accommodation (assuming double occupancy, so the traveler is sharing the room), food, transportation, and entertainment. While every person is different, these costs are an average of past travelers in each country. What follows is a categorical breakdown of travel costs for Panama and Iceland in more detail.



Accommodation
  • Accommodation Hotel or hostel for one person
    Panama $35
    Iceland $108
  • Accommodation Typical double-occupancy room
    Panama $70
    Iceland $216
Compare Hotels in Panama and Iceland

Looking for a hotel in Panama or Iceland? Prices vary by location, date, season, and the level of luxury. See below for options and compare which is best for your budget and travel style.

Hotels in Panama


Hotels in Iceland


Kayak helps you find the best prices for hotels, flights, and rental cars for destinations around the world. Compare prices for multiple destinations when planning your next trip.


Our Analysis
We've analyzed the average and typical hotel prices based on guest reviews, star ratings, and hotel amenities here: Panama Hotel Prices and Iceland Hotel Prices.

Local Transportation
  • Local Transportation Taxis, local buses, subway, etc.
    Panama $11
    Iceland $35
Typical Local Transportation prices in Panama

Some typical examples of transportation costs in Panama are as follows:


  • Water Taxi
    $3.00

Hired Cars and Shuttles in Panama

Some specific examples of transportation prices in Panama:

  • 2 Days 1 Night Tour in Panama : Hotel and Transfers: $278
  • Transfer Airport or Hotel To Playa Venao Panama or vice versa: $260
  • Panama Airport (PTY) to Decameron - Round-Trip Private Transfer: $213
  • Transfer from Tocumen Airport to Colon Cruise Port: $160
  • Private Transfer from Panama City Hotels to Colón Cruise Port: $158
  • Panama City: Miraflores Visitor Center Ticket & Transfer: $155
  • Arrival Transfer Panama Tocumen Airport PTY to Panama by Sprinter: $152
  • Private Transfer from Panama Airport (PTY) to Colón Resorts: $150
  • Roundtrip Private Transfer Panama Airport (PTY) - Playa Blanca : $142
  • Private Transfer Hotel or Airport to Resorts in Playa Blanca. One way: $125
  • Transfer from Panama Airport to Colon Cruise Terminal: $110
  • Panama Tocumen Airport PTY to Coronado/Gorgona - Arrival Transfer: $107

Hired Cars and Shuttles in Iceland

Also for Iceland, here are a few examples of actual transportation services:

  • Airport Express Shared Arrival Transfer from Keflavik Airport to Reykjavik City: $31
  • Airport Express Shared Arrival Transfer from Keflavik Airport to Reykjavik Hotels: $42
  • Airport Express Shared Departure transfer from Reykjavik City to Keflavik Airport: $31
  • Airport Transfer in Iceland from Keflavik Airport to Reykjavik City one way: $31
  • Airport Transfer in Iceland from Reykjavik City to Keflavik Airport with Hotel Pick Up: $42
  • Akureyri Airport (AEY): Transfer to/from Akureyri City: $29
  • Akureyri: Whale Watching Tour with Transfer from Port: $141
  • Alesund : Private Transfer to/from Ålesund Airport and City: $117
  • Arrival in Iceland - Private airport transfer from KEF Airport: $125
  • Bláfjöll to Keflavik Airport (KEF) - Departure Private Transfer: $84
  • Blue Lagoon Admission Including Return Transfers from Reykjavik: $206
  • Blue Lagoon Entry Ticket with Optional Private or Shared Transfer: $209

Is it cheaper to fly into Panama or Iceland?

Prices for flights to both Iceland and Panama change regularly based on dates and travel demand. We suggest you find the best prices for your next trip on Kayak, because you can compare the cost of flights across multiple airlines for your prefered dates.





Food
  • Food Meals for one day
    Panama $37
    Iceland $66
Typical Food prices in Panama

Below are a few samples from actual travelers for food and meal costs in Panama:


  • Lunch
    $15
  • Breakfast
    $14
  • Sandwich
    $8.24

Food Tours and Cooking Classes in Panama

Also, here are some specific examples of food and dining related activities in Panama.

  • Panamanian Dinner and Folkloric Show Ticket with Pickup: $60
  • Panama Evening Food Tour: $60
  • Panama City FOOD Tour: $65
  • E-Tickets Emotions Dinner Theater Live Show Admission: $75
  • Panama City: Afro-Panamanian Cooking Class with Meal: $75
  • Panama City: Street Food Tour with 24 Tastings: $75
  • Cooking Class in Panama City with 10 Recipes & Bottomless Drinks: $95
  • 4-Hour Guided Panamanian Cooking Class and Markets Experience: $95
  • 10-Recipe Boozy Panamanian Cooking Class + Dinner: $95
  • Folkloric Dance & Typical Dinner at Sabroso Panamá: $110
  • The Real Panamanian Private Food Tour through Panama City: $205
  • Street Food Tour in Panama with a Local Guide: $263

Typical Food prices in Iceland

Here are some examples of typical meal expenses from previous travelers to Iceland:


  • Dinner (Fish Market)
    $204

Food Tours and Cooking Classes in Iceland

For Iceland, here are some samples of tours and activities related to meals and dining experiences:

  • Weekend Reykjavik Food Tour with a stop at the Reykjavik Flea Market: $143
  • The Reykjavik Harbor Food Tour: $145
  • 3 Hour Shared Christmas Food Tour with Guide in Reykjavik: $149
  • Private Vegetarian Reykjavik Food Tour: $195
  • Private Reykjavik Christmas Food Tour: $215

Entertainment
  • Entertainment Entrance tickets, shows, etc.
    Panama $28
    Iceland $48
Typical Entertainment prices in Panama

Here are a few typical costs in Panama for activities, ticket prices, and tours that come from previous visitors:


  • Island Boat Tour
    $25
  • Starfish Island Boat Trip
    $20
  • Yoga Class
    $4.99

Tours and Activities in Panama

Here are a few actual costs in Panama for available activities, ticket prices, and tours:

  • Boquete E-bike Panoramic Tour: $65
  • Gatun Lake Panamá Wildlife Adventure Guided Experience: $159
  • Horseback riding and Agri-Tour in Colon Private tour: $75
  • Panama City Tour and Panama Canal – Miraflores Locks Experience: $30
  • Panama Viejo and Casco Antiguo Tour: $115
  • Panama a quick and memorable tour: $68
  • San Blas Islands, 4-Island Tour All-Inclusive Welcome Cocktail: $149
  • #1 Walking Tour of Casco Viejo Panama with Lunch included : $70
  • “Bike Tour Casco Viejo and Panama City Discover the Essence: $40
  • “Panama at Your Rhythm: Private Tour with Canal, Old Town and More”: $67
  • "Bridge of the Americas Stand-Up Paddle Private 2 hours Tour " : $100
  • 1st Mysteries and FreeMasons Tour: $38

Typical Entertainment prices in Iceland

For Iceland, here are some examples of average entertainment and activity prices from previous travelers:


  • Art Museum
    $12
  • Wine and Spa
    $34

Tours and Activities in Iceland

Also, here are some specific examples of entertainment, tickets, and activities for Iceland.

  • A Self-Guided Walking Tour of Vik i Myrdal Village: $8.99
  • Reykjavik Viking Roots to Modern Marvels Self Guided Walking Tour: $9.75
  • Akureyri: Icelandic Aviation Museum Admission Ticket: $15
  • War and Peace Museum - Tour: $24
  • Skip the Line: Secret Lagoon Entrance Ticket: $28
  • Settlement and Egils Saga Exhibition Ticket: $30
  • Northern Lights: Aurora Basecamp Observatory Guided Experience: $30
  • Self-Guided Audio Driving Tour of the Snæfellsnes Peninsula: $32
  • Saga Museum - Entrance ticket: $32
  • Reykjanes Peninsula and Blue Lagoon Self-Guided Driving Tour: $34
  • Vatnshellir Cave Tour: $44
  • Reykjavik Escape Game Experience - Prison Break 1: $45

Alcohol
  • Alcohol Drinks for one day
    Panama $14
    Iceland $17

Typical Alcohol prices in Iceland

Here are a few samples of the prices for alcohol and nightlife in Iceland from other travelers:


  • Beer
    $10

Sample the Local Flavors in Iceland

Also in Iceland, these are the prices for nightlife and alcohol related activities from various tour providers:

  • Gin Distillery tour and tasting with Master Distiller: $35
  • Flóki Whisky Distillery Tour & Tasting in Reykjavík: $49


When we compare the travel costs of actual travelers between Panama and Iceland, we can see that Iceland is more expensive. And not only is Panama much less expensive, but it is actually a significantly cheaper destination. Since Panama is in Central America and Iceland is in Europe, this is one of the main reasons why the costs are so different, as different regions of the world tend to have overall different travel costs. So, traveling to Panama would let you spend less money overall. Or, you could decide to spend more money in Panama and be able to afford a more luxurious travel style by staying in nicer hotels, eating at more expensive restaurants, taking tours, and experiencing more activities. The same level of travel in Iceland would naturally cost you much more money, so you would probably want to keep your budget a little tighter in Iceland than you might in Panama.