CONFLICTIQ
HEAD TO HEAD

Nicaragua vs Panama

Nicaragua
62%
RAI
Panama
38%

Verdict

Nicaragua holds a 62–38 advantage over Panama on the Relative Advantage Index, a clear margin.

The margin is driven by military spending (100% of the combined total, $116m) and active personnel (100% of the combined total, 12.0k). Panama leads on economic size (GDP) and logistics & power projection.

1 factor — nuclear warheads — could not be scored because the figure is unpublished for at least one side. Those factors are excluded and the remaining weights renormalised, never substituted.

Factor by factor

FactorNicaraguaSharePanamaWeight
Military spending
SIPRI Milex
$116m
100%0%
$033%
Economic size (GDP)
World Bank WDI
$19.7bn
19%81%
$86.5bn27%
Active personnel
COW NMC
12.0k
100%0%
020%
Logistics & power projection
OurAirports
3
19%81%
1320%

Shares are each side's portion of the combined total for that factor. Weights are renormalised across the factors both sides publish — see the methodology. Data read 2026-08-04.

Full Nicaragua dossier →Full Panama dossier →Run a war game →

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Neighbour rivalries (473)

Bordering states — the comparisons people actually search for.

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Sts. v PalauMicronesia, Fed. 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