Military spending, per unit of GDP in Panama
Panama: Military spending, per unit of GDP was 0.0124 constant 2022 US$ per US$ of GDP in 2023. ▼ Falling
Latest (2023)
0.0124 constant 2022 US$ per US$ of GDP
Change on year
down 6.3%
World rank
123rd
of 170 countries
All-time high
0.0322 constant 2022 US$ per US$ of GDP
in 1988
All-time low
0.0096 constant 2022 US$ per US$ of GDP
in 1966
Years of data
64
1960–2023
Military spending, per unit of GDP in Panama, 1960–2023
Source: Statizoid (derived). Measured in constant 2022 US$ per US$ of GDP.
Analysis
The most recent figure for military spending, per unit of gdp in Panama is 0.0124 constant 2022 US$ per US$ of GDP, measured in 2023.
Compared with earlier readings it is down 6.3% on the previous year and down 16.7% over ten years.
Over the whole period, military spending, per unit of gdp in Panama peaked at 0.0322 constant 2022 US$ per US$ of GDP in 1988 and was at its lowest, 0.0096 constant 2022 US$ per US$ of GDP, in 1966.
Panama ranks 123rd of 170 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 64 years of available data.
Military spending, per unit of GDP in Panama, year by year
| Year | constant 2022 US$ per US$ of GDP | Change |
|---|---|---|
| 1960 | 0.0118 constant 2022 US$ per US$ of GDP | — |
| 1961 | 0.013 constant 2022 US$ per US$ of GDP | +10.6% |
| 1962 | 0.0138 constant 2022 US$ per US$ of GDP | +5.6% |
| 1963 | 0.0109 constant 2022 US$ per US$ of GDP | -20.8% |
| 1964 | 0.0106 constant 2022 US$ per US$ of GDP | -2.7% |
| 1965 | 0.0104 constant 2022 US$ per US$ of GDP | -1.9% |
| 1966 | 0.0096 constant 2022 US$ per US$ of GDP | -8.0% |
| 1967 | 0.0129 constant 2022 US$ per US$ of GDP | +34.8% |
| 1968 | 0.0137 constant 2022 US$ per US$ of GDP | +5.7% |
| 1969 | 0.0176 constant 2022 US$ per US$ of GDP | +29.0% |
| 1970 | 0.0197 constant 2022 US$ per US$ of GDP | +11.9% |
| 1971 | 0.0269 constant 2022 US$ per US$ of GDP | +36.5% |
| 1972 | 0.0247 constant 2022 US$ per US$ of GDP | -8.2% |
| 1973 | 0.0228 constant 2022 US$ per US$ of GDP | -7.7% |
| 1974 | 0.0242 constant 2022 US$ per US$ of GDP | +6.1% |
| 1975 | 0.0236 constant 2022 US$ per US$ of GDP | -2.5% |
| 1976 | 0.0218 constant 2022 US$ per US$ of GDP | -7.7% |
| 1977 | 0.0208 constant 2022 US$ per US$ of GDP | -4.5% |
| 1978 | 0.0201 constant 2022 US$ per US$ of GDP | -3.5% |
| 1979 | 0.0172 constant 2022 US$ per US$ of GDP | -14.3% |
| 1980 | 0.0144 constant 2022 US$ per US$ of GDP | -16.0% |
| 1981 | 0.0174 constant 2022 US$ per US$ of GDP | +20.6% |
| 1982 | 0.0195 constant 2022 US$ per US$ of GDP | +11.9% |
| 1983 | 0.0232 constant 2022 US$ per US$ of GDP | +19.2% |
| 1984 | 0.0289 constant 2022 US$ per US$ of GDP | +24.5% |
| 1985 | 0.029 constant 2022 US$ per US$ of GDP | +0.4% |
| 1986 | 0.0289 constant 2022 US$ per US$ of GDP | -0.6% |
| 1987 | 0.0263 constant 2022 US$ per US$ of GDP | -9.1% |
| 1988 | 0.0322 constant 2022 US$ per US$ of GDP | +22.7% |
| 1989 | 0.0322 constant 2022 US$ per US$ of GDP | -0.1% |
| 1990 | 0.0247 constant 2022 US$ per US$ of GDP | -23.2% |
| 1991 | 0.0204 constant 2022 US$ per US$ of GDP | -17.5% |
| 1992 | 0.0193 constant 2022 US$ per US$ of GDP | -5.6% |
| 1993 | 0.0188 constant 2022 US$ per US$ of GDP | -2.2% |
| 1994 | 0.0183 constant 2022 US$ per US$ of GDP | -2.7% |
| 1995 | 0.0179 constant 2022 US$ per US$ of GDP | -2.1% |
| 1996 | 0.0192 constant 2022 US$ per US$ of GDP | +6.9% |
| 1997 | 0.0185 constant 2022 US$ per US$ of GDP | -3.4% |
| 1998 | 0.017 constant 2022 US$ per US$ of GDP | -8.2% |
| 1999 | 0.0159 constant 2022 US$ per US$ of GDP | -6.3% |
| 2000 | 0.0158 constant 2022 US$ per US$ of GDP | -0.9% |
| 2001 | 0.0152 constant 2022 US$ per US$ of GDP | -3.8% |
| 2002 | 0.0144 constant 2022 US$ per US$ of GDP | -5.0% |
| 2003 | 0.0132 constant 2022 US$ per US$ of GDP | -8.7% |
| 2004 | 0.014 constant 2022 US$ per US$ of GDP | +6.4% |
| 2005 | 0.0128 constant 2022 US$ per US$ of GDP | -8.3% |
| 2006 | 0.0127 constant 2022 US$ per US$ of GDP | -1.1% |
| 2007 | 0.0112 constant 2022 US$ per US$ of GDP | -11.6% |
| 2008 | 0.0112 constant 2022 US$ per US$ of GDP | -0.4% |
| 2009 | 0.0119 constant 2022 US$ per US$ of GDP | +6.9% |
| 2010 | 0.0131 constant 2022 US$ per US$ of GDP | +9.4% |
| 2011 | 0.0151 constant 2022 US$ per US$ of GDP | +15.7% |
| 2012 | 0.0152 constant 2022 US$ per US$ of GDP | +0.6% |
| 2013 | 0.0149 constant 2022 US$ per US$ of GDP | -2.2% |
| 2014 | 0.0149 constant 2022 US$ per US$ of GDP | +0.3% |
| 2015 | 0.0145 constant 2022 US$ per US$ of GDP | -2.7% |
| 2016 | 0.0144 constant 2022 US$ per US$ of GDP | -1.1% |
| 2017 | 0.0145 constant 2022 US$ per US$ of GDP | +1.0% |
| 2018 | 0.014 constant 2022 US$ per US$ of GDP | -3.5% |
| 2019 | 0.0143 constant 2022 US$ per US$ of GDP | +2.4% |
| 2020 | 0.0177 constant 2022 US$ per US$ of GDP | +23.3% |
| 2021 | 0.015 constant 2022 US$ per US$ of GDP | -15.4% |
| 2022 | 0.0132 constant 2022 US$ per US$ of GDP | -11.5% |
| 2023 | 0.0124 constant 2022 US$ per US$ of GDP | -6.3% |
Panama compared with similar countries
- Panama's 0.0124 constant 2022 US$ per US$ of GDP is below the median for high income countries, which is 0.0189 constant 2022 US$ per US$ of GDP, 66% of the median. (55 countries reporting)
- Panama's 0.0124 constant 2022 US$ per US$ of GDP is above the median for Latin America & Caribbean, which is 0.0114 constant 2022 US$ per US$ of GDP, 1.1× the median. (27 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.0124 constant 2022 US$ per US$ of GDP | 0.0096 constant 2022 US$ per US$ of GDP | 0.0176 constant 2022 US$ per US$ of GDP | 10 |
| 1970s | 0.0222 constant 2022 US$ per US$ of GDP | 0.0172 constant 2022 US$ per US$ of GDP | 0.0269 constant 2022 US$ per US$ of GDP | 10 |
| 1980s | 0.0252 constant 2022 US$ per US$ of GDP | 0.0144 constant 2022 US$ per US$ of GDP | 0.0322 constant 2022 US$ per US$ of GDP | 10 |
| 1990s | 0.019 constant 2022 US$ per US$ of GDP | 0.0159 constant 2022 US$ per US$ of GDP | 0.0247 constant 2022 US$ per US$ of GDP | 10 |
| 2000s | 0.0132 constant 2022 US$ per US$ of GDP | 0.0112 constant 2022 US$ per US$ of GDP | 0.0158 constant 2022 US$ per US$ of GDP | 10 |
| 2010s | 0.0145 constant 2022 US$ per US$ of GDP | 0.0131 constant 2022 US$ per US$ of GDP | 0.0152 constant 2022 US$ per US$ of GDP | 10 |
| 2020s | 0.0146 constant 2022 US$ per US$ of GDP | 0.0124 constant 2022 US$ per US$ of GDP | 0.0177 constant 2022 US$ per US$ of GDP | 4 |
Countries ranked near Panama
- 120 Trinidad and Tobago 0.0129 constant 2022 US$ per US$ of GDP compare
- 121 Nepal 0.0129 constant 2022 US$ per US$ of GDP compare
- 122 Brazil 0.0125 constant 2022 US$ per US$ of GDP compare
- 124 Bangladesh 0.0122 constant 2022 US$ per US$ of GDP compare
- 125 Egypt 0.0122 constant 2022 US$ per US$ of GDP compare
- 126 Malaysia 0.0117 constant 2022 US$ per US$ of GDP 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 unit of gdp in Panama?
- Military spending, per unit of gdp in Panama was 0.0124 constant 2022 US$ per US$ of GDP in 2023, according to Statizoid (derived).
- What is the highest military spending, per unit of gdp recorded in Panama?
- The highest recorded value was 0.0322 constant 2022 US$ per US$ of GDP in 1988.
- What is the lowest military spending, per unit of gdp recorded in Panama?
- The lowest recorded value was 0.0096 constant 2022 US$ per US$ of GDP in 1966.
- How does Panama rank for military spending, per unit of gdp?
- Panama ranks 123rd out of 170 countries with data for 2023.
- Is military spending, per unit of gdp rising or falling in Panama?
- Over the last ten years it is down 16.7%. The long-run trend across the full record is falling.
- Where does this Panama data come from?
- The figures come from Statizoid (derived), published as part of Military spending, per unit of GDP. 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 GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Military spending ÷ GDP (current US$)
Computed from
- Military spending Barnum et al. – Global Military Spending Dataset (2025) – with minor processing by Our World in Data
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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 GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.