Statement:
Bosnia and Herzegovina has smaller army than Panama

In the Armed forces size (ammount of personnel) rating Bosnia and Herzegovina holds position #126 ²⁰¹⁹ out of 163 and Panama is #89 out of 163 ²⁰¹⁹.

Referencies:

1. Armed forces size (ammount of personnel) ²⁰¹⁹ by WorldBank

   The countries in the rating sorted by 'Personnel ammount' in descending order.

   Bosnia and Herzegovina	'Personnel ammount' value is	11,000
   Panama	'Personnel ammount' value is	28,000