Panama vs Trinidad and Tobago: Military spending, per unit of GDP

Panama
0.0124 constant 2022 US$ per US$ of GDP
in 2023
Trinidad and Tobago
0.0129 constant 2022 US$ per US$ of GDP
in 2023
Panama rank
123rd
Trinidad and Tobago rank
120th

Military spending, per unit of GDP over time

  • Panama
  • Trinidad and Tobago
00.010.020.030.040.05196019912023

How they compare

Trinidad and Tobago 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 12 times across 62 shared years of data; in 1962 it was Trinidad and Tobago ahead.

Panama ranks 123rd and Trinidad and Tobago ranks 120th of 170 countries.

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

Head to head by decade

Decade Panama Trinidad and Tobago Difference Ahead
1960s 0.0124 constant 2022 US$ per US$ of GDP 0.0274 constant 2022 US$ per US$ of GDP 0.015 constant 2022 US$ per US$ of GDP Trinidad and Tobago
1970s 0.0222 constant 2022 US$ per US$ of GDP 0.021 constant 2022 US$ per US$ of GDP 0.0011 constant 2022 US$ per US$ of GDP Panama
1980s 0.0252 constant 2022 US$ per US$ of GDP 0.0284 constant 2022 US$ per US$ of GDP 0.0032 constant 2022 US$ per US$ of GDP Trinidad and Tobago
1990s 0.019 constant 2022 US$ per US$ of GDP 0.0158 constant 2022 US$ per US$ of GDP 0.0032 constant 2022 US$ per US$ of GDP Panama
2000s 0.0132 constant 2022 US$ per US$ of GDP 0.0063 constant 2022 US$ per US$ of GDP 0.007 constant 2022 US$ per US$ of GDP Panama
2010s 0.0145 constant 2022 US$ per US$ of GDP 0.0186 constant 2022 US$ per US$ of GDP 0.0041 constant 2022 US$ per US$ of GDP Trinidad and Tobago
2020s 0.0146 constant 2022 US$ per US$ of GDP 0.0151 constant 2022 US$ per US$ of GDP 0.0005 constant 2022 US$ per US$ of GDP Trinidad and Tobago

Averages of every year both report within each decade.

Frequently asked questions

Which has higher military spending, per unit of gdp, Panama or Trinidad and Tobago?
Trinidad and Tobago, 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 Panama and Trinidad and Tobago?
0.0005 constant 2022 US$ per US$ of GDP, with Trinidad and Tobago ahead.
How many years of comparable data are there for Panama and Trinidad and Tobago?
62 years are reported by both, from 1962 to 2023.
How do Panama and Trinidad and Tobago rank globally for military spending, per unit of gdp?
Panama ranks 123rd and Trinidad and Tobago ranks 120th 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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Panama vs Trinidad and Tobago: Military spending, per unit of GDP. Statizoid, drawing on Statizoid (derived). Retrieved 22 September 2026, from https://reference.statizoid.com/compare/military-spending-per-unit-of-gdp-2/panama/trinidad-and-tobago/

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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.