Military spending per armed forces personnel in Panama
Panama: Military spending per armed forces personnel was 0 constant 2024 US$ in 2020. ◆ Volatile
Military spending per armed forces personnel in Panama, 1989–2020
Source: Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data. Measured in constant 2024 US$.
Analysis
The most recent figure for military spending per armed forces personnel in Panama is 0 constant 2024 US$, measured in 2020. That is the lowest value across all 31 years on record.
Over the whole period, military spending per armed forces personnel in Panama peaked at 17,156 constant 2024 US$ in 1997 and was at its lowest, 0 constant 2024 US$, in 2000.
That places Panama 158th out of 160 countries with data for 2020, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Military spending per armed forces personnel in Panama, year by year
| Year | constant 2024 US$ | Change |
|---|---|---|
| 1989 | 13,675 constant 2024 US$ | — |
| 1990 | 12,390 constant 2024 US$ | -9.4% |
| 1991 | 12,061 constant 2024 US$ | -2.7% |
| 1992 | 12,954 constant 2024 US$ | +7.4% |
| 1993 | 15,580 constant 2024 US$ | +20.3% |
| 1994 | 16,322 constant 2024 US$ | +4.8% |
| 1995 | 14,409 constant 2024 US$ | -11.7% |
| 1996 | 14,908 constant 2024 US$ | +3.5% |
| 1997 | 17,156 constant 2024 US$ | +15.1% |
| 1998 | 15,036 constant 2024 US$ | -12.4% |
| 1999 | 15,936 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$ | — |
| 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$ | — |
Panama compared with similar countries
- Panama's 0 constant 2024 US$ is below the median for high income countries, which is 131,220 constant 2024 US$. (54 countries reporting)
- Panama's 0 constant 2024 US$ is below the median for Latin America & Caribbean, which is 23,332 constant 2024 US$. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 13,675 constant 2024 US$ | 13,675 constant 2024 US$ | 13,675 constant 2024 US$ | 1 |
| 1990s | 14,675 constant 2024 US$ | 12,061 constant 2024 US$ | 17,156 constant 2024 US$ | 10 |
| 2000s | 0 constant 2024 US$ | 0 constant 2024 US$ | 0 constant 2024 US$ | 9 |
| 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$ | 1 |
Countries ranked near Panama
- 155 Zimbabwe 2,069 constant 2024 US$ compare
- 156 Laos 168.94 constant 2024 US$ compare
- 157 South Sudan 162.56 constant 2024 US$ compare
- 158 Costa Rica 0 constant 2024 US$
- 158 Iceland 0 constant 2024 US$
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 per armed forces personnel in Panama?
- Military spending per armed forces personnel in Panama was 0 constant 2024 US$ in 2020, according to Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data.
- What is the highest military spending per armed forces personnel recorded in Panama?
- The highest recorded value was 17,156 constant 2024 US$ in 1997.
- What is the lowest military spending per armed forces personnel recorded in Panama?
- The lowest recorded value was 0 constant 2024 US$ in 2000.
- How does Panama rank for military spending per armed forces personnel?
- Panama ranks 158th out of 160 countries with data for 2020.
- Where does this Panama data come from?
- The figures come from Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data, published as part of Military spending per armed forces personnel. Statizoid updates them automatically from the source API.
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About this data
Total military expenditure divided by armed forces personnel. 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.