Nigeria vs Panama: Military expenditure (current USD), annual growth rate

Nigeria
-63.46 % change on previous year
in 2024
Panama
-100 % change on previous year
in 2000
Nigeria rank
161st
Panama rank
163rd

Military expenditure (current USD), annual growth rate over time

  • Nigeria
  • Panama
-1000100200300196119922024

How they compare

Nigeria currently reports -63.46 % change on previous year against -100 % change on previous year in Panama, a difference of 36.54 % change on previous year.

The two have swapped places 6 times across 13 shared years of data; in 1988 it was Nigeria ahead.

Nigeria ranks 161st and Panama ranks 163rd of 164 countries.

Across the 3 decades both report, Nigeria averaged higher in 2 and Panama in 1.

Head to head by decade

Decade Nigeria Panama Difference Ahead
1980s -1.31 % change on previous year -0.9194 % change on previous year 0.3891 % change on previous year Panama
1990s 20.83 % change on previous year 1.89 % change on previous year 18.94 % change on previous year Nigeria
2000s -25.02 % change on previous year -100 % change on previous year 74.98 % change on previous year Nigeria

Averages of every year both report within each decade.

Frequently asked questions

Which has higher military expenditure (current usd), annual growth rate, Nigeria or Panama?
Nigeria, at -63.46 % change on previous year against -100 % change on previous year in Panama as of 2024.
What is the difference in military expenditure (current usd), annual growth rate between Nigeria and Panama?
36.54 % change on previous year, with Nigeria ahead.
How many years of comparable data are there for Nigeria and Panama?
13 years are reported by both, from 1988 to 2000.
How do Nigeria and Panama rank globally for military expenditure (current usd), annual growth rate?
Nigeria ranks 161st and Panama ranks 163rd of 164 countries.
Where does this data come from?
Statizoid (derived), published as Military expenditure (current USD), annual growth rate. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Nigeria vs Panama: Military expenditure (current USD), annual growth rate. Statizoid, drawing on Statizoid (derived). Retrieved 29 August 2026, from https://public-sector.statizoid.com/compare/military-expenditure-current-usd-annual-growth-rate/nigeria/panama/

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About this data

Indicator
Military expenditure (current USD), annual growth rate
Unit
% change on previous year
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
208 places, 10,048 data points, 1961–2024
Last refreshed

The year-on-year percentage change in Military expenditure (current USD). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.