Military spending, per capita in Panama
Panama: Military spending, per capita was 233.02 constant 2022 US$ per person in 2023. ◆ Volatile
Latest (2023)
233.02 constant 2022 US$ per person
Change on year
up 1.3%
World rank
59th
of 171 countries
All-time high
236.23 constant 2022 US$ per person
in 2019
All-time low
5.63 constant 2022 US$ per person
in 1960
Years of data
64
1960–2023
Military spending, per capita in Panama, 1960–2023
Source: Statizoid (derived). Measured in constant 2022 US$ per person.
Analysis
The most recent figure for military spending, per capita in Panama is 233.02 constant 2022 US$ per person, measured in 2023.
Compared with earlier readings it is up 1.3% on the previous year and up 27.5% over ten years.
Over the whole period, military spending, per capita in Panama peaked at 236.23 constant 2022 US$ per person in 2019 and was at its lowest, 5.63 constant 2022 US$ per person, in 1960.
Panama ranks 59th of 171 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, per capita in Panama, year by year
| Year | constant 2022 US$ per person | Change |
|---|---|---|
| 1960 | 5.63 constant 2022 US$ per person | — |
| 1961 | 6.74 constant 2022 US$ per person | +19.8% |
| 1962 | 7.52 constant 2022 US$ per person | +11.6% |
| 1963 | 6.4 constant 2022 US$ per person | -14.8% |
| 1964 | 6.49 constant 2022 US$ per person | +1.3% |
| 1965 | 6.79 constant 2022 US$ per person | +4.6% |
| 1966 | 6.6 constant 2022 US$ per person | -2.7% |
| 1967 | 9.63 constant 2022 US$ per person | +45.7% |
| 1968 | 10.63 constant 2022 US$ per person | +10.5% |
| 1969 | 14.63 constant 2022 US$ per person | +37.6% |
| 1970 | 17.61 constant 2022 US$ per person | +20.4% |
| 1971 | 26.37 constant 2022 US$ per person | +49.7% |
| 1972 | 25.85 constant 2022 US$ per person | -2.0% |
| 1973 | 26.55 constant 2022 US$ per person | +2.7% |
| 1974 | 31.37 constant 2022 US$ per person | +18.1% |
| 1975 | 33.15 constant 2022 US$ per person | +5.7% |
| 1976 | 31.69 constant 2022 US$ per person | -4.4% |
| 1977 | 31.25 constant 2022 US$ per person | -1.4% |
| 1978 | 34.87 constant 2022 US$ per person | +11.6% |
| 1979 | 33.32 constant 2022 US$ per person | -4.4% |
| 1980 | 34.04 constant 2022 US$ per person | +2.1% |
| 1981 | 45.37 constant 2022 US$ per person | +33.3% |
| 1982 | 54.78 constant 2022 US$ per person | +20.7% |
| 1983 | 65.51 constant 2022 US$ per person | +19.6% |
| 1984 | 83.15 constant 2022 US$ per person | +26.9% |
| 1985 | 86.34 constant 2022 US$ per person | +3.8% |
| 1986 | 87.23 constant 2022 US$ per person | +1.0% |
| 1987 | 77.86 constant 2022 US$ per person | -10.7% |
| 1988 | 80.82 constant 2022 US$ per person | +3.8% |
| 1989 | 79.27 constant 2022 US$ per person | -1.9% |
| 1990 | 64.81 constant 2022 US$ per person | -18.2% |
| 1991 | 57.55 constant 2022 US$ per person | -11.2% |
| 1992 | 60.45 constant 2022 US$ per person | +5.0% |
| 1993 | 63.24 constant 2022 US$ per person | +4.6% |
| 1994 | 64.28 constant 2022 US$ per person | +1.6% |
| 1995 | 63.01 constant 2022 US$ per person | -2.0% |
| 1996 | 63.41 constant 2022 US$ per person | +0.6% |
| 1997 | 65.65 constant 2022 US$ per person | +3.5% |
| 1998 | 64.7 constant 2022 US$ per person | -1.4% |
| 1999 | 62.88 constant 2022 US$ per person | -2.8% |
| 2000 | 62.69 constant 2022 US$ per person | -0.3% |
| 2001 | 60.54 constant 2022 US$ per person | -3.4% |
| 2002 | 58.92 constant 2022 US$ per person | -2.7% |
| 2003 | 56.11 constant 2022 US$ per person | -4.8% |
| 2004 | 65.03 constant 2022 US$ per person | +15.9% |
| 2005 | 64.43 constant 2022 US$ per person | -0.9% |
| 2006 | 70.19 constant 2022 US$ per person | +8.9% |
| 2007 | 70.87 constant 2022 US$ per person | +1.0% |
| 2008 | 82.11 constant 2022 US$ per person | +15.9% |
| 2009 | 93.17 constant 2022 US$ per person | +13.5% |
| 2010 | 108.88 constant 2022 US$ per person | +16.9% |
| 2011 | 146.15 constant 2022 US$ per person | +34.2% |
| 2012 | 168.4 constant 2022 US$ per person | +15.2% |
| 2013 | 182.7 constant 2022 US$ per person | +8.5% |
| 2014 | 197.18 constant 2022 US$ per person | +7.9% |
| 2015 | 204.51 constant 2022 US$ per person | +3.7% |
| 2016 | 212.98 constant 2022 US$ per person | +4.1% |
| 2017 | 227.71 constant 2022 US$ per person | +6.9% |
| 2018 | 226.03 constant 2022 US$ per person | -0.7% |
| 2019 | 236.23 constant 2022 US$ per person | +4.5% |
| 2020 | 234.84 constant 2022 US$ per person | -0.6% |
| 2021 | 231.98 constant 2022 US$ per person | -1.2% |
| 2022 | 229.97 constant 2022 US$ per person | -0.9% |
| 2023 | 233.02 constant 2022 US$ per person | +1.3% |
Panama compared with similar countries
- Panama's 233.02 constant 2022 US$ per person is below the median for high income countries, which is 726.38 constant 2022 US$ per person, 32% of the median. (55 countries reporting)
- Panama's 233.02 constant 2022 US$ per person is above the median for Latin America & Caribbean, which is 98.1 constant 2022 US$ per person, 2.4× the median. (27 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 8.11 constant 2022 US$ per person | 5.63 constant 2022 US$ per person | 14.63 constant 2022 US$ per person | 10 |
| 1970s | 29.2 constant 2022 US$ per person | 17.61 constant 2022 US$ per person | 34.87 constant 2022 US$ per person | 10 |
| 1980s | 69.44 constant 2022 US$ per person | 34.04 constant 2022 US$ per person | 87.23 constant 2022 US$ per person | 10 |
| 1990s | 63 constant 2022 US$ per person | 57.55 constant 2022 US$ per person | 65.65 constant 2022 US$ per person | 10 |
| 2000s | 68.41 constant 2022 US$ per person | 56.11 constant 2022 US$ per person | 93.17 constant 2022 US$ per person | 10 |
| 2010s | 191.08 constant 2022 US$ per person | 108.88 constant 2022 US$ per person | 236.23 constant 2022 US$ per person | 10 |
| 2020s | 232.45 constant 2022 US$ per person | 229.97 constant 2022 US$ per person | 234.84 constant 2022 US$ per person | 4 |
Countries ranked near Panama
- 56 China 247.73 constant 2022 US$ per person compare
- 57 Trinidad and Tobago 236.76 constant 2022 US$ per person compare
- 58 Colombia 236.31 constant 2022 US$ per person compare
- 60 Malta 214.38 constant 2022 US$ per person compare
- 61 Turkey 202.35 constant 2022 US$ per person compare
- 62 Montenegro 193.88 constant 2022 US$ per person compare
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 capita in Panama?
- Military spending, per capita in Panama was 233.02 constant 2022 US$ per person in 2023, according to Statizoid (derived).
- What is the highest military spending, per capita recorded in Panama?
- The highest recorded value was 236.23 constant 2022 US$ per person in 2019.
- What is the lowest military spending, per capita recorded in Panama?
- The lowest recorded value was 5.63 constant 2022 US$ per person in 1960.
- How does Panama rank for military spending, per capita?
- Panama ranks 59th out of 171 countries with data for 2023.
- Is military spending, per capita rising or falling in Panama?
- Over the last ten years it is up 27.5%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from Statizoid (derived), published as part of Military spending, per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 64 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Military spending divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Military spending ÷ Population, total
Computed from
- Military spending Barnum et al. – Global Military Spending Dataset (2025) – with minor processing by Our World in Data
- Population, total World Population Prospects, United Nations (UN)
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
Military spending divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.