Panama vs Thailand: Military spending as a share of GDP

Panama
1.4%
in 2019
Thailand
1.4%
in 2019
Panama rank
81st
Thailand rank
84th

Military spending as a share of GDP over time

  • Panama
  • Thailand
0123188719532019

How they compare

Panama currently reports 1.4% against 1.4% in Thailand, a difference of 0.0%.

The two have swapped places 3 times across 117 shared years of data; in 1903 it was Thailand ahead.

Panama ranks 81st and Thailand ranks 84th of 172 countries.

Across the 12 decades both report, Panama averaged higher in 1 and Thailand in 11.

Head to head by decade

Decade Panama Thailand Difference Ahead
1900s 0.3% 1.1% 0.8% Thailand
1910s 0.1% 1.4% 1.3% Thailand
1920s 0.0% 1.0% 1.0% Thailand
1930s 0.0% 1.1% 1.0% Thailand
1940s 0.9% 1.2% 0.3% Thailand
1950s 0.3% 1.9% 1.6% Thailand
1960s 0.2% 1.8% 1.6% Thailand
1970s 0.5% 2.3% 1.9% Thailand
1980s 1.0% 2.6% 1.6% Thailand
1990s 0.8% 1.7% 0.9% Thailand
2000s 0.7% 1.0% 0.3% Thailand
2010s 1.3% 1.2% 0.0% Panama

Averages of every year both report within each decade.

Frequently asked questions

Which has higher military spending as a share of gdp, Panama or Thailand?
Panama, at 1.4% against 1.4% in Thailand as of 2019.
What is the difference in military spending as a share of gdp between Panama and Thailand?
0.0%, with Panama ahead.
How many years of comparable data are there for Panama and Thailand?
117 years are reported by both, from 1903 to 2019.
How do Panama and Thailand rank globally for military spending as a share of gdp?
Panama ranks 81st and Thailand ranks 84th of 172 countries.
Where does this data come from?
Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data, published as Military spending as a share of GDP. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Panama vs Thailand: Military spending as a share of GDP. Statizoid, drawing on Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data. Retrieved 05 September 2026, from https://economy.statizoid.com/compare/military-spending-as-a-share-of-gdp-gmsd/panama/thailand/

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About this data

Indicator
Military spending as a share of GDP
Unit
% of GDP
Source
Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
172 places, 14,793 data points, 1816–2019
Last refreshed

Military spending measured as a percentage of gross domestic product (GDP).