2026 military data comparison
Panama vs Madagascar Military Power
Compare Panama and Madagascar across 21 available personnel, equipment and spending indicators. MilitaryDex ranks Panama #126 and Madagascar #140 in the 2026 edition.
Panama
0.5Strength Score
8 indicators higher
Madagascar
0.2Strength Score
2 indicators higher
Comparison at a glance
Higher MSS score
Panama
0.5 vs 0.2
Indicators higher
8–2
11 tied
Global ranks
#126 / #140
of 145 profiles
Defense budgets
$1.1B
vs $147.6M
Category scorecard
Manpower2 – 1 – 0
Air force2 – 3 – 0
Navy1 – 4 – 0
Army and ground forces1 – 2 – 2
Financial and strategic2 – 1 – 0
Largest reported differences
Tanks: Madagascar
Panama 0 · Madagascar 12
Towed artillery: Madagascar
Panama 0 · Madagascar 17
Paramilitary: Panama
Panama 80,000 · Madagascar 8,100
Defense budget: Panama
Panama $1.1B · Madagascar $147.6M