Panama Military Spending
Defense budget and military expenditure data (1987–2027)
Data updated: July 7, 2026
Key Facts (2026 estimate)
Military Expenditure
N/A
Percent of GDP
N/A
Historical Peak Spending
$202 million
Reached in 1997
Panama Defense Budget Summary
In 2026, Panama is estimated to have spent N/A on military and defense. This budget covers the armed forces including army, navy, and air force expenditures.
The highest percentage of GDP allocated to defense spending was 2.1% in 1988. The historical average military budget is 0.4% of GDP.
Data source: SIPRI Military Expenditure Database. Values are in constant 2024 US dollars. Data for 2026 is an estimate based on government budget announcements.
Historical Military Spending
Military Spending (% of GDP)
Military Spending (USD Billions, 2024 prices)
Historical Data
| Year | Percent of GDP | USD (millions) |
|---|---|---|
| 2027(estimate) | 0.00% | — |
| 2026(estimate) | 0.00% | — |
| 2025 | 0.00% | $0M |
| 2024 | 0.00% | $0M |
| 2023 | 0.00% | $0M |
| 2022 | 0.00% | $0M |
| 2021 | 0.00% | $0M |
| 2020 | 0.00% | $0M |
| 2019 | 0.00% | $0M |
| 2018 | 0.00% | $0M |
| 2017 | 0.00% | $0M |
| 2016 | 0.00% | $0M |
| 2015 | 0.00% | $0M |
| 2014 | 0.00% | $0M |
| 2013 | 0.00% | $0M |
| 2012 | 0.00% | $0M |
| 2011 | 0.00% | $0M |
| 2010 | 0.00% | $0M |
| 2009 | 0.00% | $0M |
| 2008 | 0.00% | $0M |
| 2007 | 0.00% | $0M |
| 2006 | 0.00% | $0M |
| 2005 | 0.00% | $0M |
| 2004 | 0.00% | $0M |
| 2003 | 0.00% | $0M |
| 2002 | 0.00% | $0M |
| 2001 | 0.00% | $0M |
| 2000 | 0.00% | $0M |
| 1999 | 0.97% | $188M |
| 1998 | 0.95% | $177M |
| 1997 | 1.17% | $202M |
| 1996 | 1.09% | $176M |
| 1995 | 1.12% | $170M |
| 1994 | 1.19% | $180M |
| 1993 | 1.20% | $171M |
| 1992 | 1.08% | $142M |
| 1991 | 1.23% | $145M |
| 1990 | 1.26% | $136M |
| 1989 | 2.08% | $191M |
| 1988 | 2.11% | $194M |
| 1987 | 1.84% | $196M |