Nepal vs Panama: Military spending, per unit of GDP

Nepal
0.0129 constant 2022 US$ per US$ of GDP
in 2023
Panama
0.0124 constant 2022 US$ per US$ of GDP
in 2023
Nepal rank
121st
Panama rank
123rd

Military spending, per unit of GDP over time

  • Nepal
  • Panama
00.020.040.06196019912023

How they compare

Nepal currently reports 0.0129 constant 2022 US$ per US$ of GDP against 0.0124 constant 2022 US$ per US$ of GDP in Panama, a difference of 0.0005 constant 2022 US$ per US$ of GDP.

The two have swapped places 10 times across 64 shared years of data; in 1960 it was Nepal ahead.

Nepal ranks 121st and Panama ranks 123rd of 170 countries.

Across the 7 decades both report, Nepal averaged higher in 4 and Panama in 3.

Head to head by decade

Decade Nepal Panama Difference Ahead
1960s 0.0453 constant 2022 US$ per US$ of GDP 0.0124 constant 2022 US$ per US$ of GDP 0.0328 constant 2022 US$ per US$ of GDP Nepal
1970s 0.0298 constant 2022 US$ per US$ of GDP 0.0222 constant 2022 US$ per US$ of GDP 0.0076 constant 2022 US$ per US$ of GDP Nepal
1980s 0.0217 constant 2022 US$ per US$ of GDP 0.0252 constant 2022 US$ per US$ of GDP 0.0035 constant 2022 US$ per US$ of GDP Panama
1990s 0.0164 constant 2022 US$ per US$ of GDP 0.019 constant 2022 US$ per US$ of GDP 0.0026 constant 2022 US$ per US$ of GDP Panama
2000s 0.0223 constant 2022 US$ per US$ of GDP 0.0132 constant 2022 US$ per US$ of GDP 0.009 constant 2022 US$ per US$ of GDP Nepal
2010s 0.0154 constant 2022 US$ per US$ of GDP 0.0145 constant 2022 US$ per US$ of GDP 0.0009 constant 2022 US$ per US$ of GDP Nepal
2020s 0.014 constant 2022 US$ per US$ of GDP 0.0146 constant 2022 US$ per US$ of GDP 0.0006 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, Nepal or Panama?
Nepal, at 0.0129 constant 2022 US$ per US$ of GDP against 0.0124 constant 2022 US$ per US$ of GDP in Panama as of 2023.
What is the difference in military spending, per unit of gdp between Nepal and Panama?
0.0005 constant 2022 US$ per US$ of GDP, with Nepal ahead.
How many years of comparable data are there for Nepal and Panama?
64 years are reported by both, from 1960 to 2023.
How do Nepal and Panama rank globally for military spending, per unit of gdp?
Nepal ranks 121st 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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Nepal 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/nepal/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.