Military spending per military personnel in Panama
Panama: Military spending per military personnel was 14,277 constant 2022 US$ in 1999. ▲ Rising
Latest (1999)
14,277 constant 2022 US$
Change on year
down 0.9%
World rank
133rd
of 170 countries
All-time high
17,287 constant 2022 US$
in 1988
All-time low
2,221 constant 2022 US$
in 1965
Years of data
37
1963–1999
Military spending per military personnel in Panama, 1963–1999
Source: Barnum et al. – Global Military Spending Dataset (2025); Correlates of War – National Material Capabilities Version 7.0 (2026) – with major processing by Our World in Data. Measured in constant 2022 US$.
Analysis
Panama recorded 14,277 constant 2022 US$ for military spending per military personnel in 1999.
The figure is down 0.9% on the previous year and up 4.9% over ten years.
Over the whole period, military spending per military personnel in Panama peaked at 17,287 constant 2022 US$ in 1988 and was at its lowest, 2,221 constant 2022 US$, in 1965.
Panama ranks 133rd of 170 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 37 years of available data.
Military spending per military personnel in Panama, year by year
| Year | constant 2022 US$ | Change |
|---|---|---|
| 1963 | 2,630 constant 2022 US$ | — |
| 1964 | 2,747 constant 2022 US$ | +4.5% |
| 1965 | 2,221 constant 2022 US$ | -19.2% |
| 1966 | 2,226 constant 2022 US$ | +0.2% |
| 1967 | 3,341 constant 2022 US$ | +50.1% |
| 1968 | 3,040 constant 2022 US$ | -9.0% |
| 1969 | 4,304 constant 2022 US$ | +41.6% |
| 1970 | 5,329 constant 2022 US$ | +23.8% |
| 1971 | 5,861 constant 2022 US$ | +10.0% |
| 1972 | 5,907 constant 2022 US$ | +0.8% |
| 1973 | 6,235 constant 2022 US$ | +5.6% |
| 1974 | 6,619 constant 2022 US$ | +6.2% |
| 1975 | 7,179 constant 2022 US$ | +8.5% |
| 1976 | 7,039 constant 2022 US$ | -2.0% |
| 1977 | 7,116 constant 2022 US$ | +1.1% |
| 1978 | 8,134 constant 2022 US$ | +14.3% |
| 1979 | 7,962 constant 2022 US$ | -2.1% |
| 1980 | 8,328 constant 2022 US$ | +4.6% |
| 1981 | 10,105 constant 2022 US$ | +21.3% |
| 1982 | 11,243 constant 2022 US$ | +11.3% |
| 1983 | 13,765 constant 2022 US$ | +22.4% |
| 1984 | 16,259 constant 2022 US$ | +18.1% |
| 1985 | 15,835 constant 2022 US$ | -2.6% |
| 1986 | 16,365 constant 2022 US$ | +3.3% |
| 1987 | 14,937 constant 2022 US$ | -8.7% |
| 1988 | 17,287 constant 2022 US$ | +15.7% |
| 1989 | 13,610 constant 2022 US$ | -21.3% |
| 1990 | 14,467 constant 2022 US$ | +6.3% |
| 1991 | 12,030 constant 2022 US$ | -16.8% |
| 1992 | 14,076 constant 2022 US$ | +17.0% |
| 1993 | 15,035 constant 2022 US$ | +6.8% |
| 1994 | 15,601 constant 2022 US$ | +3.8% |
| 1995 | 14,307 constant 2022 US$ | -8.3% |
| 1996 | 14,690 constant 2022 US$ | +2.7% |
| 1997 | 15,518 constant 2022 US$ | +5.6% |
| 1998 | 14,402 constant 2022 US$ | -7.2% |
| 1999 | 14,277 constant 2022 US$ | -0.9% |
Panama compared with similar countries
- Panama's 14,277 constant 2022 US$ is below the median for high income countries, which is 182,526 constant 2022 US$, 8% of the median. (54 countries reporting)
- Panama's 14,277 constant 2022 US$ is below the median for Latin America & Caribbean, which is 32,933 constant 2022 US$, 43% of the median. (27 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 2,930 constant 2022 US$ | 2,221 constant 2022 US$ | 4,304 constant 2022 US$ | 7 |
| 1970s | 6,738 constant 2022 US$ | 5,329 constant 2022 US$ | 8,134 constant 2022 US$ | 10 |
| 1980s | 13,773 constant 2022 US$ | 8,328 constant 2022 US$ | 17,287 constant 2022 US$ | 10 |
| 1990s | 14,440 constant 2022 US$ | 12,030 constant 2022 US$ | 15,601 constant 2022 US$ | 10 |
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 per military personnel in Panama?
- Military spending per military personnel in Panama was 14,277 constant 2022 US$ in 1999, according to Barnum et al. – Global Military Spending Dataset (2025); Correlates of War – National Material Capabilities Version 7.0 (2026) – with major processing by Our World in Data.
- What is the highest military spending per military personnel recorded in Panama?
- The highest recorded value was 17,287 constant 2022 US$ in 1988.
- What is the lowest military spending per military personnel recorded in Panama?
- The lowest recorded value was 2,221 constant 2022 US$ in 1965.
- How does Panama rank for military spending per military personnel?
- Panama ranks 133rd out of 170 countries with data for 1999.
- Is military spending per military personnel rising or falling in Panama?
- Over the last ten years it is up 4.9%. The long-run trend across the full record is rising.
- Where does this Panama data come from?
- The figures come from Barnum et al. – Global Military Spending Dataset (2025); Correlates of War – National Material Capabilities Version 7.0 (2026) – with major processing by Our World in Data, published as part of Military spending per military personnel. Statizoid updates them automatically from the source API.
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About this data
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.