Malaysia vs Panama: Military spending, per unit of GDP

Malaysia
0.0117 constant 2022 US$ per US$ of GDP
in 2023
Panama
0.0124 constant 2022 US$ per US$ of GDP
in 2023
Malaysia rank
126th
Panama rank
123rd

Military spending, per unit of GDP over time

  • Malaysia
  • Panama
00.10.20.3196019912023

How they compare

Panama currently reports 0.0124 constant 2022 US$ per US$ of GDP against 0.0117 constant 2022 US$ per US$ of GDP in Malaysia, a difference of 0.0007 constant 2022 US$ per US$ of GDP.

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

The two have swapped places 1 time across 64 shared years of data; in 1960 it was Malaysia ahead.

Malaysia ranks 126th and Panama ranks 123rd of 170 countries.

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

Head to head by decade

Decade Malaysia Panama Difference Ahead
1960s 0.2055 constant 2022 US$ per US$ of GDP 0.0124 constant 2022 US$ per US$ of GDP 0.193 constant 2022 US$ per US$ of GDP Malaysia
1970s 0.1816 constant 2022 US$ per US$ of GDP 0.0222 constant 2022 US$ per US$ of GDP 0.1594 constant 2022 US$ per US$ of GDP Malaysia
1980s 0.0969 constant 2022 US$ per US$ of GDP 0.0252 constant 2022 US$ per US$ of GDP 0.0717 constant 2022 US$ per US$ of GDP Malaysia
1990s 0.0514 constant 2022 US$ per US$ of GDP 0.019 constant 2022 US$ per US$ of GDP 0.0324 constant 2022 US$ per US$ of GDP Malaysia
2000s 0.0306 constant 2022 US$ per US$ of GDP 0.0132 constant 2022 US$ per US$ of GDP 0.0174 constant 2022 US$ per US$ of GDP Malaysia
2010s 0.0159 constant 2022 US$ per US$ of GDP 0.0145 constant 2022 US$ per US$ of GDP 0.0014 constant 2022 US$ per US$ of GDP Malaysia
2020s 0.012 constant 2022 US$ per US$ of GDP 0.0146 constant 2022 US$ per US$ of GDP 0.0025 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, Malaysia or Panama?
Panama, at 0.0124 constant 2022 US$ per US$ of GDP against 0.0117 constant 2022 US$ per US$ of GDP in Malaysia as of 2023.
What is the difference in military spending, per unit of gdp between Malaysia and Panama?
0.0007 constant 2022 US$ per US$ of GDP, with Panama ahead.
How many years of comparable data are there for Malaysia and Panama?
64 years are reported by both, from 1960 to 2023.
How do Malaysia and Panama rank globally for military spending, per unit of gdp?
Malaysia ranks 126th 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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Malaysia 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/malaysia/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.