Military expenditure (current USD), per unit of GDP in Panama
Panama: Military expenditure (current USD), per unit of GDP was 0 current USD per US$ of GDP in 2024. ◆ Volatile
Military expenditure (current USD), per unit of GDP in Panama, 1987–2024
Source: Statizoid (derived). Measured in current USD per US$ of GDP.
Analysis
Panama recorded 0 current USD per US$ of GDP for military expenditure (current usd), per unit of gdp in 2024. That is the lowest value across all 38 years on record.
Over the whole period, military expenditure (current usd), per unit of gdp in Panama peaked at 0.0174 current USD per US$ of GDP in 1988 and was at its lowest, 0 current USD per US$ of GDP, in 2000.
That places Panama 163rd out of 166 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 (current USD), per unit of GDP in Panama, year by year
| Year | current USD per US$ of GDP | Change |
|---|---|---|
| 1987 | 0.0152 current USD per US$ of GDP | — |
| 1988 | 0.0174 current USD per US$ of GDP | +14.7% |
| 1989 | 0.0172 current USD per US$ of GDP | -1.2% |
| 1990 | 0.0114 current USD per US$ of GDP | -34.0% |
| 1991 | 0.0111 current USD per US$ of GDP | -2.2% |
| 1992 | 0.0098 current USD per US$ of GDP | -11.8% |
| 1993 | 0.0108 current USD per US$ of GDP | +10.6% |
| 1994 | 0.0108 current USD per US$ of GDP | -0.5% |
| 1995 | 0.0101 current USD per US$ of GDP | -6.4% |
| 1996 | 0.011 current USD per US$ of GDP | +9.0% |
| 1997 | 0.0117 current USD per US$ of GDP | +6.6% |
| 1998 | 0.0094 current USD per US$ of GDP | -19.5% |
| 1999 | 0.0096 current USD per US$ of GDP | +1.4% |
| 2000 | 0 current USD per US$ of GDP | -100.0% |
| 2001 | 0 current USD per US$ of GDP | — |
| 2002 | 0 current USD per US$ of GDP | — |
| 2003 | 0 current USD per US$ of GDP | — |
| 2004 | 0 current USD per US$ of GDP | — |
| 2005 | 0 current USD per US$ of GDP | — |
| 2006 | 0 current USD per US$ of GDP | — |
| 2007 | 0 current USD per US$ of GDP | — |
| 2008 | 0 current USD per US$ of GDP | — |
| 2009 | 0 current USD per US$ of GDP | — |
| 2010 | 0 current USD per US$ of GDP | — |
| 2011 | 0 current USD per US$ of GDP | — |
| 2012 | 0 current USD per US$ of GDP | — |
| 2013 | 0 current USD per US$ of GDP | — |
| 2014 | 0 current USD per US$ of GDP | — |
| 2015 | 0 current USD per US$ of GDP | — |
| 2016 | 0 current USD per US$ of GDP | — |
| 2017 | 0 current USD per US$ of GDP | — |
| 2018 | 0 current USD per US$ of GDP | — |
| 2019 | 0 current USD per US$ of GDP | — |
| 2020 | 0 current USD per US$ of GDP | — |
| 2021 | 0 current USD per US$ of GDP | — |
| 2022 | 0 current USD per US$ of GDP | — |
| 2023 | 0 current USD per US$ of GDP | — |
| 2024 | 0 current USD per US$ of GDP | — |
Panama compared with similar countries
- Panama's 0 current USD per US$ of GDP is below the median for high income countries, which is 0.0201 current USD per US$ of GDP. (54 countries reporting)
- Panama's 0 current USD per US$ of GDP is below the median for Latin America & Caribbean, which is 0.0091 current USD per US$ of GDP. (24 countries reporting)
Biggest year-on-year movements
Years where Military expenditure (current USD), per unit of GDP 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% | 0.0096 current USD per US$ of GDP | 0 current USD per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.0166 current USD per US$ of GDP | 0.0152 current USD per US$ of GDP | 0.0174 current USD per US$ of GDP | 3 |
| 1990s | 0.0106 current USD per US$ of GDP | 0.0094 current USD per US$ of GDP | 0.0117 current USD per US$ of GDP | 10 |
| 2000s | 0 current USD per US$ of GDP | 0 current USD per US$ of GDP | 0 current USD per US$ of GDP | 10 |
| 2010s | 0 current USD per US$ of GDP | 0 current USD per US$ of GDP | 0 current USD per US$ of GDP | 10 |
| 2020s | 0 current USD per US$ of GDP | 0 current USD per US$ of GDP | 0 current USD per US$ of GDP | 5 |
Countries ranked near Panama
More public sector data for Panama
- Democracy, 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)
- 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)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, 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 (current usd), per unit of gdp in Panama?
- Military expenditure (current usd), per unit of gdp in Panama was 0 current USD per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest military expenditure (current usd), per unit of gdp recorded in Panama?
- The highest recorded value was 0.0174 current USD per US$ of GDP in 1988.
- What is the lowest military expenditure (current usd), per unit of gdp recorded in Panama?
- The lowest recorded value was 0 current USD per US$ of GDP in 2000.
- How does Panama rank for military expenditure (current usd), per unit of gdp?
- Panama ranks 163rd out of 166 countries with data for 2024.
- Where does this Panama data come from?
- The figures come from Statizoid (derived), published as part of Military expenditure (current USD), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 38 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Military expenditure (current USD) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Military expenditure (current USD) ÷ GDP (current US$)
Computed from
- Military expenditure SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Military expenditure (current USD) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.