Panel suitable for assembling a waterproof floor or wall covering from a plurality of said panels, wherein the panel has a substantially planar top surface, and a substantially planar bottom surface, the panel having a laminated structure of layers which comprises: a flexible core layer which basically is composed of a material which is relatively low in density and is provided with voids in the form of air pockets, and a rigid top layer which comprises a support layer that is basically composed of a material that is relatively high in density and which is virtually devoid of air pockets, wherein the thickness of the core layer is smaller than the thickness of the support layer, preferably in a ratio of 0.5 or less, more preferably in a ratio between 0.5 and 0.10.