Nicaragua—Military Spending (% of govt expenditure)
Category: MilitarySource: World Bank World Development Indicators ↗Global Rank: #140 of 151Updated April 2026
Latest Value
1.9%
2024
YoY Change
-9.6%
2023 → 2024
Global Rank
#140
of 151 countries
Maximum
3.6%
2002
Minimum
1.8%
2021
CAGR
-1.8%
25 years
Last
1.9%
Previous
2.1%
Highest
3.6%
Lowest
1.8%
Source
World Bank World Development Indicators
Nicaragua's military spending (% of govt expenditure) was 1.9% in 2024, ranking #140 out of 151 countries. This represents a -9.6% change from 2023. Over the past 25 years, the highest recorded value was 3.6% (2002) and the lowest was 1.8% (2021). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | 1.9% | -9.6% |
| 2023 | 2.1% | +11.4% |
| 2022 | 1.9% | +4.3% |
| 2021 | 1.8% | -16.3% |
| 2020 | 2.2% | -0.6% |
| 2019 | 2.2% | -4.1% |
| 2018 | 2.3% | -1.2% |
| 2017 | 2.3% | -3.8% |
| 2016 | 2.4% | -21.8% |
| 2015 | 3.0% | +9.4% |
| 2014 | 2.8% | -0.6% |
| 2013 | 2.8% | +1.4% |
| 2012 | 2.8% | +23.6% |
| 2011 | 2.2% | -0.0% |
| 2010 | 2.2% | +1.2% |
| 2009 | 2.2% | -3.7% |
| 2008 | 2.3% | -7.3% |
| 2007 | 2.5% | -4.1% |
| 2006 | 2.6% | +1.7% |
| 2005 | 2.5% | -6.2% |
| 2004 | 2.7% | -14.8% |
| 2003 | 3.2% | -10.8% |
| 2002 | 3.6% | +29.9% |
| 2001 | 2.7% | -6.6% |
| 2000 | 2.9% |
Top Countries — Military Spending (% of govt expenditure)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Ukraine | 54.0% | 2024 |
| 2 | Belarus | 50.7% | 2024 |
| 3 | Myanmar | 29.1% | 2024 |
| 4 | Qatar | 26.9% | 2022 |
| 5 | Saudi Arabia | 22.3% | 2024 |
| 6 | Somalia, Fed. Rep. | 21.6% | 2024 |
| 7 | Algeria | 21.4% | 2024 |
| 8 | Oman | 20.1% | 2024 |
| 9 | Singapore | 20.1% | 2024 |
| 10 | Israel | 20.0% | 2024 |