Bangladesh vs Panama: Military spending, per unit of GDP

Bangladesh
0.0122 constant 2022 US$ per US$ of GDP
in 2023
Panama
0.0124 constant 2022 US$ per US$ of GDP
in 2023
Bangladesh rank
124th
Panama rank
123rd

Military spending, per unit of GDP over time

  • Bangladesh
  • Panama
0.010.020.030.04196019912023

How they compare

Panama currently reports 0.0124 constant 2022 US$ per US$ of GDP against 0.0122 constant 2022 US$ per US$ of GDP in Bangladesh, a difference of 0.0002 constant 2022 US$ per US$ of GDP.

The two have swapped places 8 times across 53 shared years of data; in 1971 it was Panama ahead.

Bangladesh ranks 124th and Panama ranks 123rd of 170 countries.

Across the 6 decades both report, Bangladesh averaged higher in 3 and Panama in 3.

Head to head by decade

Decade Bangladesh Panama Difference Ahead
1970s 0.0248 constant 2022 US$ per US$ of GDP 0.0224 constant 2022 US$ per US$ of GDP 0.0024 constant 2022 US$ per US$ of GDP Bangladesh
1980s 0.0244 constant 2022 US$ per US$ of GDP 0.0252 constant 2022 US$ per US$ of GDP 0.0008 constant 2022 US$ per US$ of GDP Panama
1990s 0.0218 constant 2022 US$ per US$ of GDP 0.019 constant 2022 US$ per US$ of GDP 0.0028 constant 2022 US$ per US$ of GDP Bangladesh
2000s 0.0174 constant 2022 US$ per US$ of GDP 0.0132 constant 2022 US$ per US$ of GDP 0.0042 constant 2022 US$ per US$ of GDP Bangladesh
2010s 0.0135 constant 2022 US$ per US$ of GDP 0.0145 constant 2022 US$ per US$ of GDP 0.001 constant 2022 US$ per US$ of GDP Panama
2020s 0.0126 constant 2022 US$ per US$ of GDP 0.0146 constant 2022 US$ per US$ of GDP 0.002 constant 2022 US$ per US$ of GDP Panama

Averages of every year both report within each decade.

Frequently asked questions

Which has higher military spending, per unit of gdp, Bangladesh or Panama?
Panama, at 0.0124 constant 2022 US$ per US$ of GDP against 0.0122 constant 2022 US$ per US$ of GDP in Bangladesh as of 2023.
What is the difference in military spending, per unit of gdp between Bangladesh and Panama?
0.0002 constant 2022 US$ per US$ of GDP, with Panama ahead.
How many years of comparable data are there for Bangladesh and Panama?
53 years are reported by both, from 1971 to 2023.
How do Bangladesh and Panama rank globally for military spending, per unit of gdp?
Bangladesh ranks 124th and Panama ranks 123rd of 170 countries.
Where does this data come from?
Statizoid (derived), published as Military spending, per unit of GDP. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Bangladesh vs Panama: Military spending, per unit of GDP. Statizoid, drawing on Statizoid (derived). Retrieved 21 September 2026, from https://reference.statizoid.com/compare/military-spending-per-unit-of-gdp-2/bangladesh/panama/

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About this data

Indicator
Military spending, per unit of GDP
Unit
constant 2022 US$ per US$ of GDP
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
170 places, 9,064 data points, 1960–2023
Last refreshed

Military spending divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.