There is provided a display panel that is capable of improving visibility outdoors and which can be easily manufactured. In a display panel in which at least one side thereof serves as a display surface, the display panel includes a first reflectance layer 3, which is made of titanium, titanium nitride, or an alloy of titanium and tungsten and a second reflectance layer 4, which is made of indium tin oxide, indium zinc oxide, or gallium zinc oxide, wherein the first and second low reflection layer 3 and 4 are deposited at positions corresponding to pixels on a substrate 1.