Panama vs Uganda: Military spending

Panama
1.04 billion constant 2022 US$
in 2023
Uganda
1.15 billion constant 2022 US$
in 2023
Panama rank
87th
Uganda rank
84th

Military spending over time

  • Panama
  • Uganda
0250.0M500.0M750.0M1.0B1.2B190319632023

How they compare

Uganda currently reports 1.15 billion constant 2022 US$ against 1.04 billion constant 2022 US$ in Panama, a difference of 110.76 million constant 2022 US$.

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

The two have swapped places 7 times across 62 shared years of data; in 1962 it was Panama ahead.

Panama ranks 87th and Uganda ranks 84th of 172 countries.

Across the 7 decades both report, Panama averaged higher in 1 and Uganda in 6.

Head to head by decade

Decade Panama Uganda Difference Ahead
1960s 11.62 million constant 2022 US$ 88.12 million constant 2022 US$ 76.50 million constant 2022 US$ Uganda
1970s 50.51 million constant 2022 US$ 325.74 million constant 2022 US$ 275.23 million constant 2022 US$ Uganda
1980s 153.28 million constant 2022 US$ 170.48 million constant 2022 US$ 17.19 million constant 2022 US$ Uganda
1990s 170.24 million constant 2022 US$ 188.90 million constant 2022 US$ 18.66 million constant 2022 US$ Uganda
2000s 226.28 million constant 2022 US$ 272.17 million constant 2022 US$ 45.89 million constant 2022 US$ Uganda
2010s 757.80 million constant 2022 US$ 467.45 million constant 2022 US$ 290.36 million constant 2022 US$ Panama
2020s 1.02 billion constant 2022 US$ 1.10 billion constant 2022 US$ 83.61 million constant 2022 US$ Uganda

Averages of every year both report within each decade.

Frequently asked questions

Which has higher military spending, Panama or Uganda?
Uganda, at 1.15 billion constant 2022 US$ against 1.04 billion constant 2022 US$ in Panama as of 2023.
What is the difference in military spending between Panama and Uganda?
110.76 million constant 2022 US$, with Uganda ahead.
How many years of comparable data are there for Panama and Uganda?
62 years are reported by both, from 1962 to 2023.
How do Panama and Uganda rank globally for military spending?
Panama ranks 87th and Uganda ranks 84th 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 Uganda: 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/uganda/

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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.