2026 military data comparison
Madagascar vs Panama Military Power
Compare Madagascar and Panama across 21 available personnel, equipment and spending indicators. MilitaryDex ranks Madagascar #140 and Panama #126 in the 2026 edition.
Madagascar
0.2Strength Score
2 indicators higher
Panama
0.5Strength Score
8 indicators higher
Comparison at a glance
Higher MSS score
Panama
0.2 vs 0.5
Indicators higher
2–8
11 tied
Global ranks
#140 / #126
of 145 profiles
Defense budgets
$147.6M
vs $1.1B
Category scorecard
Manpower0 – 1 – 2
Air force0 – 3 – 2
Navy0 – 4 – 1
Army and ground forces2 – 2 – 1
Financial and strategic0 – 1 – 2
Largest reported differences
Tanks: Madagascar
Madagascar 12 · Panama 0
Towed artillery: Madagascar
Madagascar 17 · Panama 0
Paramilitary: Panama
Madagascar 8,100 · Panama 80,000
Defense budget: Panama
Madagascar $147.6M · Panama $1.1B