Statement:
Armenia has bigger army than Panama
In the Armed forces size (ammount of personnel) rating Armenia holds position #70 2019 out of 163 and Panama is #89 out of 163 2019.
Referencies:
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The countries in the rating sorted by 'Personnel ammount' in descending order.
Armenia 'Personnel ammount' value is 49,000 Panama 'Personnel ammount' value is 28,000