Panama vs Slovenia: Military spending

Panama
1.04 billion constant 2022 US$
in 2023
Slovenia
974.21 million constant 2022 US$
in 2023
Panama rank
87th
Slovenia rank
90th

Military spending over time

  • Panama
  • Slovenia
0250.0M500.0M750.0M1.0B190319632023

How they compare

Panama currently reports 1.04 billion constant 2022 US$ against 974.21 million constant 2022 US$ in Slovenia, a difference of 64.79 million constant 2022 US$.

That makes Panama's figure about 1.1 times Slovenia's.

The two have swapped places 1 time across 32 shared years of data; in 1992 it was Slovenia ahead.

Panama ranks 87th and Slovenia ranks 90th of 172 countries.

Across the 4 decades both report, Panama averaged higher in 2 and Slovenia in 2.

Head to head by decade

Decade Panama Slovenia Difference Ahead
1990s 174.86 million constant 2022 US$ 472.81 million constant 2022 US$ 297.95 million constant 2022 US$ Slovenia
2000s 226.28 million constant 2022 US$ 695.61 million constant 2022 US$ 469.33 million constant 2022 US$ Slovenia
2010s 757.80 million constant 2022 US$ 648.70 million constant 2022 US$ 109.10 million constant 2022 US$ Panama
2020s 1.02 billion constant 2022 US$ 895.63 million constant 2022 US$ 121.19 million constant 2022 US$ Panama

Averages of every year both report within each decade.

Frequently asked questions

Which has higher military spending, Panama or Slovenia?
Panama, at 1.04 billion constant 2022 US$ against 974.21 million constant 2022 US$ in Slovenia as of 2023.
What is the difference in military spending between Panama and Slovenia?
64.79 million constant 2022 US$, with Panama ahead.
How many years of comparable data are there for Panama and Slovenia?
32 years are reported by both, from 1992 to 2023.
How do Panama and Slovenia rank globally for military spending?
Panama ranks 87th and Slovenia ranks 90th 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.

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Panama vs Slovenia: Military spending. Statizoid, drawing on Barnum et al. – Global Military Spending Dataset (2025) – with minor processing by Our World in Data. Retrieved 23 September 2026, from https://reference.statizoid.com/compare/military-spending-gmsd/panama/slovenia/

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About this data

Indicator
Military spending
Unit
constant 2022 US$
Source
Barnum et al. – Global Military Spending Dataset (2025) – with minor processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
172 places, 15,402 data points, 1816–2023
Last refreshed

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.