2026 military data comparison
Panama vs Iceland Military Power
Compare Panama and Iceland across 21 available personnel, equipment and spending indicators. MilitaryDex ranks Panama #126 and Iceland #137 in the 2026 edition.
Panama
0.5Strength Score
7 indicators higher
Iceland
0.3Strength Score
1 indicators higher
Comparison at a glance
Higher MSS score
Panama
0.5 vs 0.3
Indicators higher
7–1
13 tied
Global ranks
#126 / #137
of 145 profiles
Defense budgets
$1.1B
vs $500.0M
Category scorecard
Manpower2 – 1 – 0
Air force2 – 3 – 0
Navy1 – 4 – 0
Army and ground forces1 – 4 – 0
Financial and strategic1 – 1 – 1
Largest reported differences
Active troops: Panama
Panama 16,300 · Iceland 0
Paramilitary: Panama
Panama 80,000 · Iceland 0
Total aircraft: Panama
Panama 38 · Iceland 0
Helicopters: Panama
Panama 23 · Iceland 0