Chitré, the rapidly developing capital of Herrera Province and Hub of the Azuero Peninsula, is our number-one pick for where to live or retire overseas in 2023.

How is it that a small town of only 10,000 people, located in a rural area and surrounded by cattle ranches, has risen to the number-one spot on our list?

In this Panama Special Report, we offer in-depth explanations of the grades Chitré earned in the 2023 Overseas Retirement Index and show why it stands head-and-shoulders above the other havens considered for this year’s number-one spot.