Panama

Panama

Panama's GDP reached $86.52 billion in 2024, per World Bank WDI, with GDP per capita of $19,161.22 across a population of 4,515,577 the same year. The IMF WEO projects government debt at 57.7% of GDP for 2026. IMF IFS reports reserves of $6.24 billion for 2025.

Military and power indicators

SIPRI's 2025 data record Panamanian military expenditure at $0.0, or 0.0% of GDP. COW NMC correspondingly lists zero active personnel for 2022, with a CINC score of 0.00028536023 for that year — figures consistent with Panama's lack of a standing military rather than missing data.

Governance

V-Dem v15's 2025 scores place Panama's electoral democracy index at 0.728 and liberal democracy index at 0.575, with a state capacity score of 0.692 — moderate-to-high values on V-Dem's 0-to-1 scale across these three measures.

Energy

Primary energy consumption was 0.367 exajoules in 2023, and electricity generation reached 13.43 terawatt-hours in 2024, both per Our World in Data. Oil and gas production are both listed at zero terawatt-hours, dated 2016 — a decade older than the rest of this bundle's energy data and not to be read as a current statement of production.

Overall, the bundle describes a government with moderate projected debt (57.7% of GDP, IMF WEO, 2026), reserves of $6.24 billion (IMF IFS, 2025), no standing military establishment, and governance scores — 0.728 electoral democracy, 0.575 liberal democracy, 0.692 state capacity, all V-Dem v15, 2025 — in the moderate-to-high range of V-Dem's 0-to-1 scales.

Data gaps

The oil and gas production figures carry a 2016 reference year, stale relative to the 2023-2026 dates on the other figures in this bundle. Because Panama's military expenditure and personnel figures are both zero, no milex/GDP ratio beyond 0.0% can be meaningfully discussed here, and the usual caution about SIPRI's internal GDP accounting versus the World Bank's GDP series does not arise in this case. No trade-balance or inflation series accompany this bundle, and no energy-production update exists to replace the 2016 figures with current data.

Sources: World Bank WDI, IMF WEO, IMF IFS, SIPRI Milex, Correlates of War National Material Capabilities, V-Dem v15, Our World in Data (Energy).