Cape Verde vs Panama: Military spending
Cape Verde
18.97 million constant 2024 US$
in 2025
Panama
0 constant 2024 US$
in 2025
Cape Verde rank
157th
Panama rank
160th
Military spending over time
- Cape Verde
- Panama
How they compare
Cape Verde currently reports 18.97 million constant 2024 US$ against 0 constant 2024 US$ in Panama, a difference of 18.97 million constant 2024 US$.
The two have swapped places 1 time across 36 shared years of data; in 1987 it was Panama ahead.
Cape Verde ranks 157th and Panama ranks 160th of 162 countries.
Across the 5 decades both report, Cape Verde averaged higher in 3 and Panama in 2.
Head to head by decade
| Decade | Cape Verde | Panama | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 11.21 million constant 2024 US$ | 194.93 million constant 2024 US$ | 183.72 million constant 2024 US$ | Panama |
| 1990s | 6.74 million constant 2024 US$ | 175.91 million constant 2024 US$ | 169.17 million constant 2024 US$ | Panama |
| 2000s | 9.34 million constant 2024 US$ | 0 constant 2024 US$ | 9.34 million constant 2024 US$ | Cape Verde |
| 2010s | 10.21 million constant 2024 US$ | 0 constant 2024 US$ | 10.21 million constant 2024 US$ | Cape Verde |
| 2020s | 14.21 million constant 2024 US$ | 0 constant 2024 US$ | 14.21 million constant 2024 US$ | Cape Verde |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher military spending, Cape Verde or Panama?
- Cape Verde, at 18.97 million constant 2024 US$ against 0 constant 2024 US$ in Panama as of 2025.
- What is the difference in military spending between Cape Verde and Panama?
- 18.97 million constant 2024 US$, with Cape Verde ahead.
- How many years of comparable data are there for Cape Verde and Panama?
- 36 years are reported by both, from 1987 to 2025.
- How do Cape Verde and Panama rank globally for military spending?
- Cape Verde ranks 157th and Panama ranks 160th of 162 countries.
- Where does this data come from?
- Stockholm International Peace Research Institute (2026) – with minor processing by Our World in Data, published as Military spending. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
This data is expressed in US dollars. It is adjusted for inflation but does not account for differences in the cost of living between countries.