Military expenditure in Panama
Panama: Military expenditure was 0 current LCU in 2024. ◆ Volatile
Military expenditure in Panama, 1987–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current LCU.
Analysis
In 2024, military expenditure in Panama stood at 0 current LCU. That is the lowest value across all 38 years on record.
Over the whole period, military expenditure in Panama peaked at 118.00 million current LCU in 1997 and was at its lowest, 0 current LCU, in 2000.
That places Panama 166th out of 168 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Military expenditure in Panama, year by year
| Year | current LCU | Change |
|---|---|---|
| 1987 | 103.80 million current LCU | — |
| 1988 | 102.90 million current LCU | -0.9% |
| 1989 | 101.90 million current LCU | -1.0% |
| 1990 | 73.10 million current LCU | -28.3% |
| 1991 | 78.60 million current LCU | +7.5% |
| 1992 | 78.80 million current LCU | +0.3% |
| 1993 | 95.20 million current LCU | +20.8% |
| 1994 | 101.00 million current LCU | +6.1% |
| 1995 | 96.60 million current LCU | -4.4% |
| 1996 | 101.20 million current LCU | +4.8% |
| 1997 | 118.00 million current LCU | +16.6% |
| 1998 | 104.00 million current LCU | -11.9% |
| 1999 | 111.60 million current LCU | +7.3% |
| 2000 | 0 current LCU | -100.0% |
| 2001 | 0 current LCU | — |
| 2002 | 0 current LCU | — |
| 2003 | 0 current LCU | — |
| 2004 | 0 current LCU | — |
| 2005 | 0 current LCU | — |
| 2006 | 0 current LCU | — |
| 2007 | 0 current LCU | — |
| 2008 | 0 current LCU | — |
| 2009 | 0 current LCU | — |
| 2010 | 0 current LCU | — |
| 2011 | 0 current LCU | — |
| 2012 | 0 current LCU | — |
| 2013 | 0 current LCU | — |
| 2014 | 0 current LCU | — |
| 2015 | 0 current LCU | — |
| 2016 | 0 current LCU | — |
| 2017 | 0 current LCU | — |
| 2018 | 0 current LCU | — |
| 2019 | 0 current LCU | — |
| 2020 | 0 current LCU | — |
| 2021 | 0 current LCU | — |
| 2022 | 0 current LCU | — |
| 2023 | 0 current LCU | — |
| 2024 | 0 current LCU | — |
Panama compared with similar countries
- Panama's 0 current LCU is below the median for high income countries, which is 14.02 billion current LCU. (54 countries reporting)
- Panama's 0 current LCU is below the median for Latin America & Caribbean, which is 12.04 billion current LCU. (24 countries reporting)
Biggest year-on-year movements
Years where Military expenditure in Panama changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2000 | -100.0% | 111.60 million current LCU | 0 current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 102.87 million current LCU | 101.90 million current LCU | 103.80 million current LCU | 3 |
| 1990s | 95.81 million current LCU | 73.10 million current LCU | 118.00 million current LCU | 10 |
| 2000s | 0 current LCU | 0 current LCU | 0 current LCU | 10 |
| 2010s | 0 current LCU | 0 current LCU | 0 current LCU | 10 |
| 2020s | 0 current LCU | 0 current LCU | 0 current LCU | 5 |
Countries ranked near Panama
- 163 Belize 60.28 million current LCU compare
- 164 East Timor 46.40 million current LCU compare
- 165 Liberia 33.83 million current LCU compare
- 166 Costa Rica 0 current LCU
- 166 Iceland 0 current LCU
More public sector data for Panama
- Democracy, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Democracy 7 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is military expenditure in Panama?
- Military expenditure in Panama was 0 current LCU in 2024, according to SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI).
- What is the highest military expenditure recorded in Panama?
- The highest recorded value was 118.00 million current LCU in 1997.
- What is the lowest military expenditure recorded in Panama?
- The lowest recorded value was 0 current LCU in 2000.
- How does Panama rank for military expenditure?
- Panama ranks 166th out of 168 countries with data for 2024.
- Where does this Panama data come from?
- The figures come from SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), published as part of Military expenditure (current LCU). Statizoid updates them automatically from the source API.
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About this data
Military expenditure in local currency at current prices (by calendar year)