Panama vs United States: Military spending, annual growth rate

Panama
2.66 % change on previous year
in 2023
United States
2.72 % change on previous year
in 2023
Panama rank
124th
United States rank
122nd

Military spending, annual growth rate over time

  • Panama
  • United States
02505007501.0k181719202023

How they compare

United States currently reports 2.72 % change on previous year against 2.66 % change on previous year in Panama, a difference of 0.06 % change on previous year.

The two have swapped places 36 times across 119 shared years of data; in 1904 it was United States ahead.

Panama ranks 124th and United States ranks 122nd of 172 countries.

Across the 13 decades both report, Panama averaged higher in 7 and United States in 6.

Head to head by decade

Decade Panama United States Difference Ahead
1900s -8.17 % change on previous year 4.68 % change on previous year 12.85 % change on previous year United States
1910s -13.59 % change on previous year 101.84 % change on previous year 115.44 % change on previous year United States
1920s -2.43 % change on previous year -13.46 % change on previous year 11.03 % change on previous year Panama
1930s 3.38 % change on previous year 7.49 % change on previous year 4.11 % change on previous year United States
1940s 18.86 % change on previous year 35.93 % change on previous year 17.07 % change on previous year United States
1950s -10.71 % change on previous year 14.13 % change on previous year 24.84 % change on previous year United States
1960s 13.24 % change on previous year 3.21 % change on previous year 10.03 % change on previous year Panama
1970s 12.52 % change on previous year -2.69 % change on previous year 15.22 % change on previous year Panama
1980s 12.42 % change on previous year 4.75 % change on previous year 7.67 % change on previous year Panama
1990s 0.0095 % change on previous year -2.02 % change on previous year 2.02 % change on previous year Panama
2000s 6.29 % change on previous year 5.22 % change on previous year 1.07 % change on previous year Panama
2010s 12.05 % change on previous year 1.42 % change on previous year 10.63 % change on previous year Panama
2020s 0.9569 % change on previous year 4.44 % change on previous year 3.49 % change on previous year United States

Averages of every year both report within each decade.

Frequently asked questions

Which has higher military spending, annual growth rate, Panama or United States?
United States, at 2.72 % change on previous year against 2.66 % change on previous year in Panama as of 2023.
What is the difference in military spending, annual growth rate between Panama and United States?
0.06 % change on previous year, with United States ahead.
How many years of comparable data are there for Panama and United States?
119 years are reported by both, from 1904 to 2023.
How do Panama and United States rank globally for military spending, annual growth rate?
Panama ranks 124th and United States ranks 122nd of 172 countries.
Where does this data come from?
Statizoid (derived), published as Military spending, annual growth rate. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Panama vs United States: Military spending, annual growth rate. Statizoid, drawing on Statizoid (derived). Retrieved 21 September 2026, from https://reference.statizoid.com/compare/military-spending-annual-growth-rate-2/panama/united-states/

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About this data

Indicator
Military spending, annual growth rate
Unit
% change on previous year
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
172 places, 15,188 data points, 1817–2023
Last refreshed

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