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Military Strength: Flag of Nicaragua Nicaragua vs Flag of Panama Panama

Nicaragua (ranked #118 globally) holds a stronger overall military position than Panama (#132) on the ARMS Index. Panama fields 28,000 active troops — 2.3:1 Nicaragua's 12,000, backed by 26,000 paramilitary. Panama's $1.0B defense budget is 9.7:1 that of Nicaragua ($0.10B).

Military Strength
Nicaragua Panama
ARMS Index 17.0 (#118) 13.7 (#132)
Military personnel 12,000 28,000
– Reserve troops 0 0
– Paramilitary forces 0 26,000
Military aircraft 17 40
– incl. combat aircraft 0 0
– incl. bombers 0 0
– incl. helicopters 11 25
Military ships 0 0
– incl. aircraft carriers 0 0
– incl. submarines 0 0
Main battle tanks 89 0
Nuclear warheads 0 0
Military Forces Chart
🇳🇮 Nicaragua World #118
17.0/ 100
Six-pillar composite: manpower, ground forces, naval power, air power, nuclear deterrent and defense budget, with a readiness modifier from budget per soldier. Full methodology.
Pillar Weight Score Basis
Manpower 15% 47.6 12000 effective
Ground forces 20% 44.9 89 main battle tanks
Naval power 20% 0.0 Carrier tiers, nuclear vs conventional submarines
Air power 25% 14.2 Weighted by aircraft type & fleet age
Nuclear deterrent 10% 0.0 No declared capability
Defense budget 10% 17.4 $98M, PPP-adjusted
Readiness modifier ×0.90 Budget per soldier
🇵🇦 Panama World #132
13.7/ 100
Six-pillar composite: manpower, ground forces, naval power, air power, nuclear deterrent and defense budget, with a readiness modifier from budget per soldier. Full methodology.
Pillar Weight Score Basis
Manpower 15% 44.1 7800 effective
Ground forces 20% 0.0 Tanks, armor & artillery
Naval power 20% 0.0 Carrier tiers, nuclear vs conventional submarines
Air power 25% 22.9 Weighted by aircraft type & fleet age
Nuclear deterrent 10% 0.0 No declared capability
Defense budget 10% 32.9 $952M, PPP-adjusted
Readiness modifier ×1.00 Budget per soldier

Country Profile

Economy & Geography
Nicaragua Panama
Population 6.9 million 4.5 million
GDP $19.7 billion $86.5 billion
GDP per capita $2,848 $19,161
Military budget $98M $952M
– share of GDP 0.5% 1.1%
– share of govt spending 0.0% 0.0%
– per capita spending $14 $211
Land area 119,990 km² 74,340 km²
Coastline 910 km 2,490 km
Military Budget Evolution
Military Personnel Evolution
Economic Metrics Chart

Frequently Asked Questions

Who has more military personnel, Nicaragua or Panama?
Panama has approximately 28,000 active military personnel compared to Nicaragua's 12,000, giving Panama a 2.3:1 numerical advantage.
Which country spends more on defense, Nicaragua or Panama?
Panama has a larger defense budget at $952 million (9.7:1 more) compared to Nicaragua's $98 million annually.
Do Nicaragua and Panama have nuclear weapons?
Neither Nicaragua nor Panama currently possesses nuclear weapons.
How do the tank forces of Nicaragua and Panama compare?
Nicaragua operates 89 main battle tanks compared to Panama's 0. Tank numbers reflect both active inventory and reserves.