Madrid is 6-7 hours ahead of Panama City. Panama City uses Eastern Standard Time (EST, UTC-5) while Madrid uses Central European Time (CET/CEST, UTC+1/+2). During standard time, Madrid is 6 hours ahead; during daylight saving time, Madrid is 7 hours ahead.
Panama does not observe daylight saving time, while Spain does, so the difference varies seasonally.
Best calling time: 3:00 AM - 12:00 PM Panama City time. This corresponds to 9:00 AM - 6:00 PM in Madrid during standard time.
Panama City and Madrid share strong historical and cultural ties, with Spain having colonized Panama. The Panama Canal has connections to Spanish infrastructure companies. Iberia offers direct flights.