Military expenditure (current USD) in Panama
Panama: Military expenditure was 0 current USD in 2024. ◆ Volatile
Military expenditure in Panama, 1987–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
The most recent figure for military expenditure in Panama is 0 current USD, measured in 2024. 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 USD in 1997 and was at its lowest, 0 current USD, in 2000.
Panama ranks 165th of 168 countries on this measure, 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 USD | Change |
|---|---|---|
| 1987 | 103.80 million current USD | — |
| 1988 | 102.90 million current USD | -0.9% |
| 1989 | 101.90 million current USD | -1.0% |
| 1990 | 73.10 million current USD | -28.3% |
| 1991 | 78.60 million current USD | +7.5% |
| 1992 | 78.80 million current USD | +0.3% |
| 1993 | 95.20 million current USD | +20.8% |
| 1994 | 101.00 million current USD | +6.1% |
| 1995 | 96.60 million current USD | -4.4% |
| 1996 | 101.20 million current USD | +4.8% |
| 1997 | 118.00 million current USD | +16.6% |
| 1998 | 104.00 million current USD | -11.9% |
| 1999 | 111.60 million current USD | +7.3% |
| 2000 | 0 current USD | -100.0% |
| 2001 | 0 current USD | — |
| 2002 | 0 current USD | — |
| 2003 | 0 current USD | — |
| 2004 | 0 current USD | — |
| 2005 | 0 current USD | — |
| 2006 | 0 current USD | — |
| 2007 | 0 current USD | — |
| 2008 | 0 current USD | — |
| 2009 | 0 current USD | — |
| 2010 | 0 current USD | — |
| 2011 | 0 current USD | — |
| 2012 | 0 current USD | — |
| 2013 | 0 current USD | — |
| 2014 | 0 current USD | — |
| 2015 | 0 current USD | — |
| 2016 | 0 current USD | — |
| 2017 | 0 current USD | — |
| 2018 | 0 current USD | — |
| 2019 | 0 current USD | — |
| 2020 | 0 current USD | — |
| 2021 | 0 current USD | — |
| 2022 | 0 current USD | — |
| 2023 | 0 current USD | — |
| 2024 | 0 current USD | — |
Panama compared with similar countries
- Panama's 0 current USD is below the median for high income countries, which is 6.62 billion current USD. (54 countries reporting)
- Panama's 0 current USD is below the median for Latin America & Caribbean, which is 420.19 million current USD. (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 USD | 0 current USD |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 102.87 million current USD | 101.90 million current USD | 103.80 million current USD | 3 |
| 1990s | 95.81 million current USD | 73.10 million current USD | 118.00 million current USD | 10 |
| 2000s | 0 current USD | 0 current USD | 0 current USD | 10 |
| 2010s | 0 current USD | 0 current USD | 0 current USD | 10 |
| 2020s | 0 current USD | 0 current USD | 0 current USD | 5 |
Countries ranked near Panama
- 162 Haiti 19.75 million current USD compare
- 163 Cape Verde 16.83 million current USD compare
- 164 Gambia 14.43 million current USD compare
- 165 Costa Rica 0 current USD
- 165 Iceland 0 current USD
- 165 Venezuela 0 current USD compare
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 in Panama?
- Military expenditure in Panama was 0 current USD 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 USD in 1997.
- What is the lowest military expenditure recorded in Panama?
- The lowest recorded value was 0 current USD in 2000.
- How does Panama rank for military expenditure?
- Panama ranks 165th 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 USD). Statizoid updates them automatically from the source API.
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About this data
Military spending USD, in current prices (converted at the exchange rate for the given year)