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
Historical series
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 |