Dominican Republic vs Panama: Military spending
Dominican Republic
984.06 million constant 2022 US$
in 2023
Panama
1.04 billion constant 2022 US$
in 2023
Dominican Republic rank
89th
Panama rank
87th
Military spending over time
- Dominican Republic
- Panama
How they compare
Panama currently reports 1.04 billion constant 2022 US$ against 984.06 million constant 2022 US$ in Dominican Republic, a difference of 54.94 million constant 2022 US$.
That makes Panama's figure about 1.1 times Dominican Republic's.
The two have swapped places 5 times across 114 shared years of data; in 1903 it was Dominican Republic ahead.
Dominican Republic ranks 89th and Panama ranks 87th of 172 countries.
Across the 13 decades both report, Dominican Republic averaged higher in 10 and Panama in 3.
Head to head by decade
| Decade | Dominican Republic | Panama | Difference | Ahead |
|---|---|---|---|---|
| 1900s | 11.87 million constant 2022 US$ | 4.74 million constant 2022 US$ | 7.13 million constant 2022 US$ | Dominican Republic |
| 1910s | 20.68 million constant 2022 US$ | 2.39 million constant 2022 US$ | 18.30 million constant 2022 US$ | Dominican Republic |
| 1920s | 16.17 million constant 2022 US$ | 525,196 constant 2022 US$ | 15.65 million constant 2022 US$ | Dominican Republic |
| 1930s | 23.74 million constant 2022 US$ | 693,978 constant 2022 US$ | 23.05 million constant 2022 US$ | Dominican Republic |
| 1940s | 66.27 million constant 2022 US$ | 28.71 million constant 2022 US$ | 37.56 million constant 2022 US$ | Dominican Republic |
| 1950s | 251.29 million constant 2022 US$ | 12.70 million constant 2022 US$ | 238.59 million constant 2022 US$ | Dominican Republic |
| 1960s | 243.24 million constant 2022 US$ | 10.71 million constant 2022 US$ | 232.53 million constant 2022 US$ | Dominican Republic |
| 1970s | 224.11 million constant 2022 US$ | 50.51 million constant 2022 US$ | 173.61 million constant 2022 US$ | Dominican Republic |
| 1980s | 201.94 million constant 2022 US$ | 153.28 million constant 2022 US$ | 48.65 million constant 2022 US$ | Dominican Republic |
| 1990s | 169.52 million constant 2022 US$ | 170.24 million constant 2022 US$ | 718,050 constant 2022 US$ | Panama |
| 2000s | 313.56 million constant 2022 US$ | 226.28 million constant 2022 US$ | 87.28 million constant 2022 US$ | Dominican Republic |
| 2010s | 525.81 million constant 2022 US$ | 757.80 million constant 2022 US$ | 231.99 million constant 2022 US$ | Panama |
| 2020s | 886.76 million constant 2022 US$ | 1.02 billion constant 2022 US$ | 130.07 million constant 2022 US$ | Panama |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher military spending, Dominican Republic or Panama?
- Panama, at 1.04 billion constant 2022 US$ against 984.06 million constant 2022 US$ in Dominican Republic as of 2023.
- What is the difference in military spending between Dominican Republic and Panama?
- 54.94 million constant 2022 US$, with Panama ahead.
- How many years of comparable data are there for Dominican Republic and Panama?
- 114 years are reported by both, from 1903 to 2023.
- How do Dominican Republic and Panama rank globally for military spending?
- Dominican Republic ranks 89th and Panama ranks 87th of 172 countries.
- Where does this data come from?
- Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data, published as Military spending. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
This data is expressed in US dollars. It is adjusted for inflation but does not account for differences in the cost of living between countries.