Military spending gmsd in Panama
Panama: Military spending gmsd was 1.04 billion in 2023. ◆ Volatile
Latest (2023)
1.04 billion
Change on year
up 2.7%
World rank
87th
of 172 countries
All-time high
1.04 billion
in 2023
All-time low
447,880
in 1924
Years of data
121
1903–2023
Military spending gmsd in Panama, 1903–2023
Source: Our World in Data.
Analysis
The most recent figure for military spending gmsd in Panama is 1.04 billion, measured in 2023. That is the highest value across all 121 years on record.
The figure is up 2.7% on the previous year and up 48.7% over ten years.
Over the whole period, military spending gmsd in Panama peaked at 1.04 billion in 2023 and was at its lowest, 447,880, in 1924.
Panama ranks 87th of 172 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Military spending gmsd in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 1903 | 6.04 million | — |
| 1904 | 5.46 million | -9.7% |
| 1905 | 5.33 million | -2.4% |
| 1906 | 4.84 million | -9.2% |
| 1907 | 4.11 million | -15.0% |
| 1908 | 3.78 million | -8.1% |
| 1909 | 3.60 million | -4.7% |
| 1910 | 3.20 million | -11.2% |
| 1911 | 2.99 million | -6.7% |
| 1912 | 2.53 million | -15.2% |
| 1913 | 2.58 million | +1.9% |
| 1914 | 1.95 million | -24.3% |
| 1915 | 1.87 million | -4.3% |
| 1916 | 1.60 million | -14.5% |
| 1917 | 1.26 million | -21.0% |
| 1918 | 1.06 million | -16.1% |
| 1919 | 799,233 | -24.5% |
| 1920 | 542,351 | -32.1% |
| 1921 | 597,740 | +10.2% |
| 1922 | 559,211 | -6.4% |
| 1923 | 460,274 | -17.7% |
| 1924 | 447,880 | -2.7% |
| 1925 | 490,023 | +9.4% |
| 1926 | 515,978 | +5.3% |
| 1927 | 558,736 | +8.3% |
| 1928 | 571,949 | +2.4% |
| 1929 | 566,610 | -0.9% |
| 1930 | 584,891 | +3.2% |
| 1931 | 621,737 | +6.3% |
| 1932 | 636,307 | +2.3% |
| 1933 | 632,156 | -0.7% |
| 1934 | 747,885 | +18.3% |
| 1935 | 740,781 | -0.9% |
| 1936 | 733,311 | -1.0% |
| 1937 | 698,869 | -4.7% |
| 1938 | 768,170 | +9.9% |
| 1939 | 775,677 | +1.0% |
| 1940 | 767,397 | -1.1% |
| 1941 | 12.20 million | +1490.1% |
| 1942 | 38.57 million | +216.1% |
| 1943 | 43.40 million | +12.5% |
| 1944 | 42.64 million | -1.8% |
| 1945 | 44.35 million | +4.0% |
| 1946 | 33.48 million | -24.5% |
| 1947 | 26.69 million | -20.3% |
| 1948 | 22.44 million | -15.9% |
| 1949 | 22.58 million | +0.6% |
| 1950 | 18.97 million | -16.0% |
| 1951 | 16.16 million | -14.8% |
| 1952 | 15.99 million | -1.1% |
| 1953 | 14.67 million | -8.2% |
| 1954 | 13.28 million | -9.5% |
| 1955 | 11.71 million | -11.9% |
| 1956 | 11.17 million | -4.5% |
| 1957 | 9.39 million | -15.9% |
| 1958 | 8.49 million | -9.6% |
| 1959 | 7.17 million | -15.5% |
| 1960 | 6.33 million | -11.7% |
| 1961 | 7.81 million | +23.4% |
| 1962 | 8.99 million | +15.0% |
| 1963 | 7.89 million | -12.2% |
| 1964 | 8.24 million | +4.5% |
| 1965 | 8.88 million | +7.8% |
| 1966 | 8.90 million | +0.2% |
| 1967 | 13.37 million | +50.1% |
| 1968 | 15.20 million | +13.7% |
| 1969 | 21.52 million | +41.6% |
| 1970 | 26.65 million | +23.8% |
| 1971 | 41.03 million | +54.0% |
| 1972 | 41.35 million | +0.8% |
| 1973 | 43.64 million | +5.6% |
| 1974 | 52.95 million | +21.3% |
| 1975 | 57.43 million | +8.5% |
| 1976 | 56.31 million | -2.0% |
| 1977 | 56.93 million | +1.1% |
| 1978 | 65.07 million | +14.3% |
| 1979 | 63.70 million | -2.1% |
| 1980 | 66.63 million | +4.6% |
| 1981 | 90.95 million | +36.5% |
| 1982 | 112.43 million | +23.6% |
| 1983 | 137.65 million | +22.4% |
| 1984 | 178.85 million | +29.9% |
| 1985 | 190.02 million | +6.2% |
| 1986 | 196.38 million | +3.3% |
| 1987 | 179.24 million | -8.7% |
| 1988 | 190.16 million | +6.1% |
| 1989 | 190.54 million | +0.2% |
| 1990 | 159.14 million | -16.5% |
| 1991 | 144.36 million | -9.3% |
| 1992 | 154.84 million | +7.3% |
| 1993 | 165.38 million | +6.8% |
| 1994 | 171.61 million | +3.8% |
| 1995 | 171.69 million | +0.0% |
| 1996 | 176.28 million | +2.7% |
| 1997 | 186.22 million | +5.6% |
| 1998 | 187.23 million | +0.5% |
| 1999 | 185.60 million | -0.9% |
| 2000 | 188.73 million | +1.7% |
| 2001 | 185.83 million | -1.5% |
| 2002 | 184.38 million | -0.8% |
| 2003 | 178.99 million | -2.9% |
| 2004 | 211.43 million | +18.1% |
| 2005 | 213.47 million | +1.0% |
| 2006 | 236.90 million | +11.0% |
| 2007 | 243.61 million | +2.8% |
| 2008 | 287.42 million | +18.0% |
| 2009 | 332.08 million | +15.5% |
| 2010 | 395.07 million | +19.0% |
| 2011 | 539.82 million | +36.6% |
| 2012 | 633.04 million | +17.3% |
| 2013 | 698.88 million | +10.4% |
| 2014 | 767.46 million | +9.8% |
| 2015 | 809.88 million | +5.5% |
| 2016 | 858.13 million | +6.0% |
| 2017 | 933.31 million | +8.8% |
| 2018 | 942.07 million | +0.9% |
| 2019 | 1.00 billion | +6.2% |
| 2020 | 1.01 billion | +0.8% |
| 2021 | 1.01 billion | -0.0% |
| 2022 | 1.01 billion | +0.4% |
| 2023 | 1.04 billion | +2.7% |
Panama compared with similar countries
- Panama's 1.04 billion is below the median for high income countries, which is 6.50 billion, 16% of the median. (55 countries reporting)
- Panama's 1.04 billion is above the median for Latin America & Caribbean, which is 509.92 million, 2.0× the median. (27 countries reporting)
Biggest year-on-year movements
Years where Military spending gmsd 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.
| Year | Change | From | To |
|---|---|---|---|
| 1941 | +1490.1% | 767,397 | 12.20 million |
| 1942 | +216.1% | 12.20 million | 38.57 million |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1900s | 4.74 million | 3.60 million | 6.04 million | 7 |
| 1910s | 1.98 million | 799,233 | 3.20 million | 10 |
| 1920s | 531,075 | 447,880 | 597,740 | 10 |
| 1930s | 693,978 | 584,891 | 775,677 | 10 |
| 1940s | 28.71 million | 767,397 | 44.35 million | 10 |
| 1950s | 12.70 million | 7.17 million | 18.97 million | 10 |
| 1960s | 10.71 million | 6.33 million | 21.52 million | 10 |
| 1970s | 50.51 million | 26.65 million | 65.07 million | 10 |
| 1980s | 153.28 million | 66.63 million | 196.38 million | 10 |
| 1990s | 170.24 million | 144.36 million | 187.23 million | 10 |
| 2000s | 226.28 million | 178.99 million | 332.08 million | 10 |
| 2010s | 757.80 million | 395.07 million | 1.00 billion | 10 |
| 2020s | 1.02 billion | 1.01 billion | 1.04 billion | 4 |
Countries ranked near Panama
More reference data data for Panama
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.1446 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.6179 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.9793 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0285 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.9793 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.4849 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.2267 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 3.44 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 5.08 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.1553 (2050)
Frequently asked questions
- What is military spending gmsd in Panama?
- Military spending gmsd in Panama was 1.04 billion in 2023, according to Our World in Data.
- What is the highest military spending gmsd recorded in Panama?
- The highest recorded value was 1.04 billion in 2023.
- What is the lowest military spending gmsd recorded in Panama?
- The lowest recorded value was 447,880 in 1924.
- How does Panama rank for military spending gmsd?
- Panama ranks 87th out of 172 countries with data for 2023.
- Is military spending gmsd rising or falling in Panama?
- Over the last ten years it is up 48.7%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from Our World in Data, published as part of Military spending gmsd. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 121 observations, free to reuse under CC BY 4.0 (Our World in Data).