Nigeria—Military Spending (% of GDP)
Category: MilitarySource: World Bank World Development IndicatorsGlobal Rank: #141 of 153
Latest Value
0.6%
2024
YoY Change
-34.1%
2023 → 2024
Global Rank
#141
of 153 countries
Maximum
1.0%
2021
Minimum
0.3%
2006
CAGR
+0.1%
25 years
Last
0.6%
Previous
0.8%
Highest
1.0%
Lowest
0.3%
Source
World Bank World Development Indicators
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | 0.6% | -34.1% |
| 2023 | 0.8% | +29.6% |
| 2022 | 0.7% | -35.8% |
| 2021 | 1.0% | +60.2% |
| 2020 | 0.6% | +37.6% |
| 2019 | 0.5% | -9.4% |
| 2018 | 0.5% | +17.7% |
| 2017 | 0.4% | -0.5% |
| 2016 | 0.4% | +3.7% |
| 2015 | 0.4% | +0.7% |
| 2014 | 0.4% | -11.7% |
| 2013 | 0.5% | -6.9% |
| 2012 | 0.5% | -12.9% |
| 2011 | 0.6% | +7.4% |
| 2010 | 0.5% | +6.6% |
| 2009 | 0.5% | +3.4% |
| 2008 | 0.5% | +32.1% |
| 2007 | 0.4% | +6.3% |
| 2006 | 0.3% | -12.3% |
| 2005 | 0.4% | -19.1% |
| 2004 | 0.5% | -14.0% |
| 2003 | 0.6% | -40.2% |
| 2002 | 1.0% | +22.3% |
| 2001 | 0.8% | +43.6% |
| 2000 | 0.5% |
Top Countries — Military Spending (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Ukraine | 34.5% | 2024 |
| 2 | Israel | 8.8% | 2024 |
| 3 | Algeria | 8.0% | 2024 |
| 4 | Saudi Arabia | 7.3% | 2024 |
| 5 | Russian Federation | 7.1% | 2024 |
| 6 | Myanmar | 6.8% | 2024 |
| 7 | Qatar | 6.5% | 2022 |
| 8 | Oman | 5.6% | 2024 |
| 9 | Armenia | 5.5% | 2024 |
| 10 | Libya | 5.3% | 2023 |
About This Indicator
Definition
Military expenditure by country as percentage of gross domestic product
Methodology
Data compiled by SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), uri: https://www.sipri.org/databases.
Source: World Bank - World Development IndicatorsView original source →