Military spending, gaps filled in Panama

Panama: Military spending, gaps filled was 0 constant 2024 US$ in 2025. ◆ Volatile

Latest (2025)
0 constant 2024 US$
World rank
160th
of 162 countries
All-time high
202.44 million constant 2024 US$
in 1997
All-time low
0 constant 2024 US$
in 2000
Years of data
39
1987–2025

Military spending, gaps filled in Panama, 1987–2025

050.0M100.0M150.0M200.0M1987200620251987: 196.1M constant 2024 US$1988: 193.7M constant 2024 US$1989: 191.5M constant 2024 US$1990: 136.3M constant 2024 US$1991: 144.7M constant 2024 US$1992: 142.5M constant 2024 US$1993: 171.4M constant 2024 US$1994: 179.5M constant 2024 US$1995: 170.0M constant 2024 US$1996: 175.9M constant 2024 US$1997: 202.4M constant 2024 US$1998: 177.4M constant 2024 US$1999: 188.1M constant 2024 US$2000: 0 constant 2024 US$2001: 0 constant 2024 US$2002: 0 constant 2024 US$2003: 0 constant 2024 US$2004: 0 constant 2024 US$2005: 0 constant 2024 US$2006: 0 constant 2024 US$2007: 0 constant 2024 US$2008: 0 constant 2024 US$2009: 0 constant 2024 US$2010: 0 constant 2024 US$2011: 0 constant 2024 US$2012: 0 constant 2024 US$2013: 0 constant 2024 US$2014: 0 constant 2024 US$2015: 0 constant 2024 US$2016: 0 constant 2024 US$2017: 0 constant 2024 US$2018: 0 constant 2024 US$2019: 0 constant 2024 US$2020: 0 constant 2024 US$2021: 0 constant 2024 US$2022: 0 constant 2024 US$2023: 0 constant 2024 US$2024: 0 constant 2024 US$2025: 0 constant 2024 US$

Source: Statizoid (derived). Measured in constant 2024 US$.

Analysis

The most recent figure for military spending, gaps filled in Panama is 0 constant 2024 US$, measured in 2025. That is the lowest value across all 39 years on record.

Over the whole period, military spending, gaps filled in Panama peaked at 202.44 million constant 2024 US$ in 1997 and was at its lowest, 0 constant 2024 US$, in 2000.

That places Panama 160th out of 162 countries with data for 2025, putting it in the bottom quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Military spending, gaps filled in Panama, year by year

Annual values for Military spending, gaps filled in Panama, 1987 to 2025.
Year constant 2024 US$ Change
1987 196.13 million constant 2024 US$
1988 193.73 million constant 2024 US$ -1.2%
1989 191.45 million constant 2024 US$ -1.2%
1990 136.29 million constant 2024 US$ -28.8%
1991 144.73 million constant 2024 US$ +6.2%
1992 142.50 million constant 2024 US$ -1.5%
1993 171.38 million constant 2024 US$ +20.3%
1994 179.54 million constant 2024 US$ +4.8%
1995 170.03 million constant 2024 US$ -5.3%
1996 175.92 million constant 2024 US$ +3.5%
1997 202.44 million constant 2024 US$ +15.1%
1998 177.43 million constant 2024 US$ -12.4%
1999 188.05 million constant 2024 US$ +6.0%
2000 0 constant 2024 US$ -100.0%
2001 0 constant 2024 US$
2002 0 constant 2024 US$
2003 0 constant 2024 US$
2004 0 constant 2024 US$
2005 0 constant 2024 US$
2006 0 constant 2024 US$
2007 0 constant 2024 US$
2008 0 constant 2024 US$
2009 0 constant 2024 US$
2010 0 constant 2024 US$
2011 0 constant 2024 US$
2012 0 constant 2024 US$
2013 0 constant 2024 US$
2014 0 constant 2024 US$
2015 0 constant 2024 US$
2016 0 constant 2024 US$
2017 0 constant 2024 US$
2018 0 constant 2024 US$
2019 0 constant 2024 US$
2020 0 constant 2024 US$
2021 0 constant 2024 US$
2022 0 constant 2024 US$
2023 0 constant 2024 US$
2024 0 constant 2024 US$
2025 0 constant 2024 US$

Panama compared with similar countries

  • Panama's 0 constant 2024 US$ is below the median for high income countries, which is 6.82 billion constant 2024 US$. (54 countries reporting)
  • Panama's 0 constant 2024 US$ is below the median for Latin America & Caribbean, which is 575.75 million constant 2024 US$. (22 countries reporting)

Biggest year-on-year movements

Years where Military spending, gaps filled in Panama changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
2000 -100.0% 188.05 million constant 2024 US$ 0 constant 2024 US$

Averages by decade

DecadeAverage LowestHighest Years
1980s 193.77 million constant 2024 US$ 191.45 million constant 2024 US$ 196.13 million constant 2024 US$ 3
1990s 168.83 million constant 2024 US$ 136.29 million constant 2024 US$ 202.44 million constant 2024 US$ 10
2000s 0 constant 2024 US$ 0 constant 2024 US$ 0 constant 2024 US$ 10
2010s 0 constant 2024 US$ 0 constant 2024 US$ 0 constant 2024 US$ 10
2020s 0 constant 2024 US$ 0 constant 2024 US$ 0 constant 2024 US$ 6

Countries ranked near Panama

  1. 157 Cape Verde 18.97 million constant 2024 US$ compare
  2. 158 Gambia 14.65 million constant 2024 US$ compare
  3. 159 Afghanistan 8.55 million constant 2024 US$
  4. 160 Costa Rica 0 constant 2024 US$
  5. 160 Iceland 0 constant 2024 US$

See the full ranking of 162 places →

More reference data data for Panama

All data for Panama →

Frequently asked questions

What is military spending, gaps filled in Panama?
Military spending, gaps filled in Panama was 0 constant 2024 US$ in 2025, according to Statizoid (derived).
What is the highest military spending, gaps filled recorded in Panama?
The highest recorded value was 202.44 million constant 2024 US$ in 1997.
What is the lowest military spending, gaps filled recorded in Panama?
The lowest recorded value was 0 constant 2024 US$ in 2000.
How does Panama rank for military spending, gaps filled?
Panama ranks 160th out of 162 countries with data for 2025.
Where does this Panama data come from?
The figures come from Statizoid (derived), published as part of Military spending, gaps filled. Statizoid updates them automatically from the source API.

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Military spending, gaps filled in Panama. Statizoid, drawing on Statizoid (derived). Retrieved 21 September 2026, from https://reference.statizoid.com/stat/military-spending-gaps-filled/panama/

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How this figure is calculated

Military spending with 108 missing years estimated by linear interpolation between the nearest real observations. Only gaps of 4 years or fewer are filled, and never beyond the first or last actual measurement — these are filled holes, not forecasts.

Computed from

Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.

About this data

Indicator
Military spending, gaps filled
Unit
constant 2024 US$
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
162 places, 8,449 data points, 1949–2025
Last refreshed

Military spending with 108 missing years estimated by linear interpolation between the nearest real observations. Only gaps of 4 years or fewer are filled, and never beyond the first or last actual measurement — these are filled holes, not forecasts.