Paraguay—Military Expenditure (USD)
Category: MilitarySource: World Bank World Development Indicators ↗Global Rank: #108 of 156Updated April 2026
Latest Value
$414.0M
2024
YoY Change
+4.1%
2023 → 2024
Global Rank
#108
of 156 countries
Maximum
$414.0M
2024
Minimum
$63.5M
2003
CAGR
+5.7%
25 years
Last
$414.0M
Previous
$397.6M
Highest
$414.0M
Lowest
$63.5M
Source
World Bank World Development Indicators
Paraguay's military expenditure (usd) was $414.0M in 2024, ranking #108 out of 156 countries. This represents a +4.1% change from 2023. Over the past 25 years, the highest recorded value was $414.0M (2024) and the lowest was $63.5M (2003). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | $414.0M | +4.1% |
| 2023 | $397.6M | +8.7% |
| 2022 | $365.7M | -1.9% |
| 2021 | $372.6M | +2.3% |
| 2020 | $364.3M | -3.0% |
| 2019 | $375.8M | -2.8% |
| 2018 | $386.6M | +11.0% |
| 2017 | $348.2M | +1.4% |
| 2016 | $343.2M | -11.2% |
| 2015 | $386.5M | -3.0% |
| 2014 | $398.4M | +7.3% |
| 2013 | $371.2M | +15.7% |
| 2012 | $320.9M | +12.6% |
| 2011 | $285.1M | +39.3% |
| 2010 | $204.6M | +21.4% |
| 2009 | $168.5M | +0.2% |
| 2008 | $168.2M | +27.0% |
| 2007 | $132.4M | +24.2% |
| 2006 | $106.6M | +37.5% |
| 2005 | $77.5M | -8.3% |
| 2004 | $84.5M | +33.0% |
| 2003 | $63.5M | -9.1% |
| 2002 | $69.9M | -23.4% |
| 2001 | $91.3M | -17.2% |
| 2000 | $110.2M |
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 |