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 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.

Indicator: Military spending
Unit: constant 2024 US$
Source: Stockholm International Peace Research Institute (2026) – with minor processing by Our World in Data
Licence: CC BY 4.0 (Our World in Data)
Coverage: 162 places, 8,341 data points, 1949–2025
Last refreshed: 07 August 2026

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.