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 165th out of 167 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.
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
- 162 Belize 60.28 million current LCU compare
- 163 East Timor 46.40 million current LCU compare
- 164 Liberia 33.83 million current LCU compare
- 165 Costa Rica 0 current LCU compare
- 165 Iceland 0 current LCU compare
More public sector data for Panama
- Arms imports 2.00 million SIPRI trend indicator values (1989)
- Tax revenue 7.2% (2024)
- Taxes on income, profits and capital gains 29.1% (2024)
- Taxes on goods and services 32.6% (2024)
- Net investment in nonfinancial assets 2.1% (2024)
- Net lending (+) / net borrowing (-) -8.2% (2024)
- Interest payments 28.9% (2024)
- Grants and other revenue 33.3% (2024)
- Interest payments 13.4% (2021)
- Other taxes 1.6% (2024)
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 165th out of 167 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)