Montenegro vs Panama: Military spending, per capita

Montenegro
193.88 constant 2022 US$ per person
in 2023
Panama
233.02 constant 2022 US$ per person
in 2023
Montenegro rank
62nd
Panama rank
59th

Military spending, per capita over time

  • Montenegro
  • Panama
050100150200250196019912023

How they compare

Panama currently reports 233.02 constant 2022 US$ per person against 193.88 constant 2022 US$ per person in Montenegro, a difference of 39.14 constant 2022 US$ per person.

That makes Panama's figure about 1.2 times Montenegro's.

The two have swapped places 1 time across 18 shared years of data; in 2006 it was Montenegro ahead.

Montenegro ranks 62nd and Panama ranks 59th of 171 countries.

Across the 3 decades both report, Montenegro averaged higher in 1 and Panama in 2.

Head to head by decade

Decade Montenegro Panama Difference Ahead
2000s 127.88 constant 2022 US$ per person 79.08 constant 2022 US$ per person 48.8 constant 2022 US$ per person Montenegro
2010s 132.9 constant 2022 US$ per person 191.08 constant 2022 US$ per person 58.18 constant 2022 US$ per person Panama
2020s 178.95 constant 2022 US$ per person 232.45 constant 2022 US$ per person 53.5 constant 2022 US$ per person Panama

Averages of every year both report within each decade.

Frequently asked questions

Which has higher military spending, per capita, Montenegro or Panama?
Panama, at 233.02 constant 2022 US$ per person against 193.88 constant 2022 US$ per person in Montenegro as of 2023.
What is the difference in military spending, per capita between Montenegro and Panama?
39.14 constant 2022 US$ per person, with Panama ahead.
How many years of comparable data are there for Montenegro and Panama?
18 years are reported by both, from 2006 to 2023.
How do Montenegro and Panama rank globally for military spending, per capita?
Montenegro ranks 62nd and Panama ranks 59th of 171 countries.
Where does this data come from?
Statizoid (derived), published as Military spending, per capita. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Montenegro vs Panama: Military spending, per capita. Statizoid, drawing on Statizoid (derived). Retrieved 21 September 2026, from https://reference.statizoid.com/compare/military-spending-per-capita-2/montenegro/panama/

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About this data

Indicator
Military spending, per capita
Unit
constant 2022 US$ per person
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
171 places, 9,593 data points, 1960–2023
Last refreshed

Military spending divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.