2026 military data comparison
Panama vs Latvia Military Power
Compare Panama and Latvia across 21 available personnel, equipment and spending indicators. MilitaryDex ranks Panama #126 and Latvia #122 in the 2026 edition.
Panama
0.5Strength Score
5 indicators higher
Latvia
0.5Strength Score
5 indicators higher
Comparison at a glance
Higher MSS score
Tie
0.5 vs 0.5
Indicators higher
5–5
11 tied
Global ranks
#126 / #122
of 145 profiles
Defense budgets
$1.1B
vs $42.0M
Category scorecard
Manpower1 – 0 – 2
Air force2 – 3 – 0
Navy0 – 4 – 1
Army and ground forces0 – 3 – 2
Financial and strategic2 – 1 – 0
Largest reported differences
Reserve troops: Latvia
Panama 0 · Latvia 38,000
Self-propelled artillery: Latvia
Panama 0 · Latvia 47
Defense budget: Panama
Panama $1.1B · Latvia $42.0M
Total aircraft: Panama
Panama 38 · Latvia 3