Nigeria—Military Expenditure (USD)
Category: MilitarySource: World Bank World Development Indicators ↗Global Rank: #77 of 156Updated April 2026
Latest Value
$1.13B
2024
YoY Change
-63.5%
2023 → 2024
Global Rank
#77
of 156 countries
Maximum
$4.47B
2021
Minimum
$368.6M
2000
CAGR
+4.8%
25 years
Last
$1.13B
Previous
$3.10B
Highest
$4.47B
Lowest
$368.6M
Source
World Bank World Development Indicators
Nigeria's military expenditure (usd) was $1.13B in 2024, ranking #77 out of 156 countries. This represents a -63.5% change from 2023. Over the past 25 years, the highest recorded value was $4.47B (2021) and the lowest was $368.6M (2000). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | $1.13B | -63.5% |
| 2023 | $3.10B | -0.3% |
| 2022 | $3.11B | -30.4% |
| 2021 | $4.47B | +73.9% |
| 2020 | $2.57B | +38.0% |
| 2019 | $1.86B | -8.9% |
| 2018 | $2.04B | +26.0% |
| 2017 | $1.62B | -5.9% |
| 2016 | $1.72B | -16.6% |
| 2015 | $2.07B | -12.4% |
| 2014 | $2.36B | -2.5% |
| 2013 | $2.42B | +4.4% |
| 2012 | $2.32B | -2.9% |
| 2011 | $2.38B | +19.8% |
| 2010 | $1.99B | +32.3% |
| 2009 | $1.50B | -6.9% |
| 2008 | $1.62B | +66.3% |
| 2007 | $971.3M | +25.1% |
| 2006 | $776.1M | +15.1% |
| 2005 | $674.2M | +5.3% |
| 2004 | $640.0M | +8.9% |
| 2003 | $587.5M | -34.5% |
| 2002 | $896.9M | +57.2% |
| 2001 | $570.6M | +54.8% |
| 2000 | $368.6M |
Top Countries — Military Expenditure (USD)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | United States | $997.31B | 2024 |
| 2 | China | $313.66B | 2024 |
| 3 | Russian Federation | $148.97B | 2024 |
| 4 | Germany | $88.46B | 2024 |
| 5 | India | $86.13B | 2024 |
| 6 | United Kingdom | $81.76B | 2024 |
| 7 | Saudi Arabia | $80.33B | 2024 |
| 8 | Ukraine | $64.70B | 2024 |
| 9 | France | $64.68B | 2024 |
| 10 | Japan | $55.27B | 2024 |