Panama: Military spending, percent of GDP

* indicates monthly or quarterly data series
 Panama

Military spending, percent of GDP

 Latest value 0.97
 Year 1999
 Measure percent
 Data availability 1987 - 1999
 Average 1.33
 Min - Max 0.95 - 2.11
 Source Stockholm International Peace Research Institute
The latest value from 1999 is 0.97 percent, an increase from 0.95 percent in 1998. In comparison, the world average is 2.69 percent, based on data from 140 countries. Historically, the average for Panama from 1987 to 1999 is 1.33 percent. The minimum value, 0.95 percent, was reached in 1998 while the maximum of 2.11 percent was recorded in 1988. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent data
Panama - Military spending, percent of GDP - Recent values chart

Historical series
Panama - Military spending, percent of GDP - historical chart - 1987-1999




Definition: Military spending includes expenditure on peacekeeping, defense ministries, paramilitary forces, and military space activities. Also: military and civil personnel, including retirement pensions; operations and maintenance; procurement; military research and development; and military aid. Defense and current expenditure for past military activities, such as for veterans' benefits, demobilization, conversion, and weapon destruction, are not included.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

All articles



 Related indicators Latest Reference Measure
 Military spending 0.00 2022 billion U.S. dollars
 Military spending, percent of GDP 0.97 1999 percent
 Military spending, percent of government spending 3.82 1999 percent
 Armed forces 28,000 2020 people
 Armed forces, percent of labor force 1.45 2020 percent
 Arms exports 1.00 2019 million U.S. dollars
 Arms imports 8.00 2022 dollars
This site uses cookies.
Learn more here


OK