What is the difference in military expenditure between Liberia and Panama?

33.83 million current LCU, with Liberia ahead.

How many years of comparable data are there for Liberia and Panama?

27 years are reported by both, from 1987 to 2024.

Where does this data come from?

SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), published as Military expenditure (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.

Liberia vs Panama: Military expenditure

Liberia

33.83 million current LCU

in 2024

Panama

0 current LCU

in 2024

Liberia rank

164th

Panama rank

165th

Military expenditure over time

Liberia
Panama

How they compare

Liberia currently reports 33.83 million current LCU against 0 current LCU in Panama, a difference of 33.83 million current LCU.

The two have swapped places 1 time across 27 shared years of data; in 1987 it was Panama ahead.

Liberia ranks 164th and Panama ranks 165th of 167 countries.

Across the 5 decades both report, Liberia averaged higher in 3 and Panama in 2.

Head to head by decade

Decade	Liberia	Panama	Difference	Ahead
1980s	23.62 million current LCU	103.35 million current LCU	79.72 million current LCU	Panama
1990s	29.35 million current LCU	88.40 million current LCU	59.05 million current LCU	Panama
2000s	4.90 million current LCU	0 current LCU	4.90 million current LCU	Liberia
2010s	13.53 million current LCU	0 current LCU	13.53 million current LCU	Liberia
2020s	38.23 million current LCU	0 current LCU	38.23 million current LCU	Liberia

Averages of every year both report within each decade.

Frequently asked questions

Which has higher military expenditure, Liberia or Panama?: Liberia, at 33.83 million current LCU against 0 current LCU in Panama as of 2024.
What is the difference in military expenditure between Liberia and Panama?: 33.83 million current LCU, with Liberia ahead.
How many years of comparable data are there for Liberia and Panama?: 27 years are reported by both, from 1987 to 2024.
How do Liberia and Panama rank globally for military expenditure?: Liberia ranks 164th and Panama ranks 165th of 167 countries.
Where does this data come from?: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), published as Military expenditure (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Liberia vs Panama: Military expenditure. Statizoid, drawing on SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Retrieved 23 August 2026, from https://public-sector.statizoid.com/compare/military-expenditure-current-lcu/liberia/panama/

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About this data

Indicator: Military expenditure (current LCU)
Unit: current LCU
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI)
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 167 places, 8,248 data points, 1960–2024
Last refreshed: 20 August 2026

Military expenditure in local currency at current prices (by calendar year)