Military spending in Panama
Panama: Military spending was 0 constant 2024 US$ in 2025. ◆ Volatile
Military spending in Panama, 1987–2025
Source: Stockholm International Peace Research Institute (2026) – with minor processing by Our World in Data. Measured in constant 2024 US$.
Analysis
In 2025, military spending in Panama stood at 0 constant 2024 US$. That is the lowest value across all 39 years on record.
Over the whole period, military spending in Panama peaked at 202.44 million constant 2024 US$ in 1997 and was at its lowest, 0 constant 2024 US$, in 2000.
That places Panama 160th out of 162 countries with data for 2025, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Military spending in Panama, year by year
| Year | constant 2024 US$ | Change |
|---|---|---|
| 1987 | 196.13 million constant 2024 US$ | — |
| 1988 | 193.73 million constant 2024 US$ | -1.2% |
| 1989 | 191.45 million constant 2024 US$ | -1.2% |
| 1990 | 136.29 million constant 2024 US$ | -28.8% |
| 1991 | 144.73 million constant 2024 US$ | +6.2% |
| 1992 | 142.50 million constant 2024 US$ | -1.5% |
| 1993 | 171.38 million constant 2024 US$ | +20.3% |
| 1994 | 179.54 million constant 2024 US$ | +4.8% |
| 1995 | 170.03 million constant 2024 US$ | -5.3% |
| 1996 | 175.92 million constant 2024 US$ | +3.5% |
| 1997 | 202.44 million constant 2024 US$ | +15.1% |
| 1998 | 177.43 million constant 2024 US$ | -12.4% |
| 1999 | 188.05 million 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$ | — |
| 2004 | 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$ | — |
| 2021 | 0 constant 2024 US$ | — |
| 2022 | 0 constant 2024 US$ | — |
| 2023 | 0 constant 2024 US$ | — |
| 2024 | 0 constant 2024 US$ | — |
| 2025 | 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 6.82 billion constant 2024 US$. (54 countries reporting)
- Panama's 0 constant 2024 US$ is below the median for Latin America & Caribbean, which is 575.75 million constant 2024 US$. (22 countries reporting)
Biggest year-on-year movements
Years where Military spending in Panama changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2000 | -100.0% | 188.05 million constant 2024 US$ | 0 constant 2024 US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 193.77 million constant 2024 US$ | 191.45 million constant 2024 US$ | 196.13 million constant 2024 US$ | 3 |
| 1990s | 168.83 million constant 2024 US$ | 136.29 million constant 2024 US$ | 202.44 million constant 2024 US$ | 10 |
| 2000s | 0 constant 2024 US$ | 0 constant 2024 US$ | 0 constant 2024 US$ | 10 |
| 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$ | 6 |
Countries ranked near Panama
- 157 Cape Verde 18.97 million constant 2024 US$ compare
- 158 Gambia 14.65 million constant 2024 US$ compare
- 159 Afghanistan 8.55 million constant 2024 US$
- 160 Costa Rica 0 constant 2024 US$
- 160 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 in Panama?
- Military spending in Panama was 0 constant 2024 US$ in 2025, according to Stockholm International Peace Research Institute (2026) – with minor processing by Our World in Data.
- What is the highest military spending recorded in Panama?
- The highest recorded value was 202.44 million constant 2024 US$ in 1997.
- What is the lowest military spending recorded in Panama?
- The lowest recorded value was 0 constant 2024 US$ in 2000.
- How does Panama rank for military spending?
- Panama ranks 160th out of 162 countries with data for 2025.
- Where does this Panama data come from?
- The figures come from Stockholm International Peace Research Institute (2026) – with minor processing by Our World in Data, published as part of Military spending. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 39 observations, free to reuse under CC BY 4.0 (Our World in Data).
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.