Military expenditure in dollars — all countries

Military expenditure in dollars — Nigeria

Military expenditure in dollars in Nigeria in 2024 — 1,133,303,623 US$. Ranked 75 in the world out of 151. Since 1960, the indicator has risen by 4,747.3%.

2024 1.13B US$ −63.46% vs 2023
World rank 75of 151
Period maximum 4.47B US$2021
Period minimum 23.38M US$1960

Trend over time

1960–2024 · US$

Military expenditure in dollars — Nigeria, 1960–202402B4B6B19601967197419811988199520022009201620231960: 23,379,991 US$1962: 38,639,985 US$1964: 54,319,978 US$1966: 55,719,978 US$1968: 369,039,852 US$1970: 662,339,735 US$1972: 904,095,638 US$1974: 1,351,141,235 US$1976: 2,644,426,038 US$1978: 3,022,642,270 US$1980: 3,029,915,085 US$1982: 1,651,914,513 US$1984: 1,210,916,250 US$1986: 516,893,509 US$1988: 271,106,047 US$1990: 277,297,783 US$1992: 173,657,679 US$1994: 319,694,490 US$1996: 701,412,879 US$1998: 1,149,684,730 US$2000: 368,644,109 US$2002: 896,913,201 US$2004: 639,990,067 US$2006: 776,148,058 US$2008: 1,615,533,211 US$2010: 1,990,099,669 US$2012: 2,316,478,200 US$2014: 2,357,671,219 US$2016: 1,723,204,266 US$2018: 2,043,051,719 US$2020: 2,567,917,819 US$2022: 3,109,384,939 US$2024: 1,133,303,623 US$
Change over the period: +1.11B (+4,747.32%) Average annual rate: 6.25 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Nigeria

Nigeria 1.13B US$
World 2.65T US$
Sub-Saharan Africa 21.67B US$
Western Africa computed 6.24B US$
Lower-middle-income countries computed 210B US$
Military expenditure in dollars — Nigeria, by year Nigeria All countries CSV XLSX
Year US$ Change Change, %
2024 1.13B −1.97B −63.46%
2023 3.1B −8.13M −0.26%
2022 3.11B −1.36B −30.38%
2021 4.47B +1.9B +73.93%
2020 2.57B +708M +38.04%
2019 1.86B −183M −8.95%
2018 2.04B +422M +26.02%
2017 1.62B −102M −5.92%
2016 1.72B −342M −16.57%
2015 2.07B −292M −12.39%
2014 2.36B −61.09M −2.53%
2013 2.42B +102M +4.42%
2012 2.32B −68.46M −2.87%
2011 2.38B +395M +19.84%
2010 1.99B +486M +32.28%
2009 1.5B −111M −6.87%
2008 1.62B +644M +66.32%
2007 971M +195M +25.15%
2006 776M +102M +15.12%
2005 674M +34.22M +5.35%
2004 640M +52.53M +8.94%
2003 587M −309M −34.5%
2002 897M +326M +57.18%
2001 571M +202M +54.79%
2000 369M −123M −25.02%
1999 492M −658M −57.23%
1998 1.15B +331M +40.41%
1997 819M +117M +16.73%
1996 701M +62.01M +9.7%
1995 639M +320M +100.01%
1994 320M +30.46M +10.53%
1993 289M +116M +66.55%
1992 174M −70.05M −28.74%
1991 244M −33.59M −12.11%
1990 277M +107M +62.44%
1989 171M −100M −37.03%
1988 271M +69.41M +34.42%
1987 202M −315M −60.98%
1986 517M −575M −52.65%
1985 1.09B −119M −9.85%
1984 1.21B −416M −25.59%
1983 1.63B −24.52M −1.48%
1982 1.65B −484M −22.64%
1981 2.14B −894M −29.52%
1980 3.03B −40.91M −1.33%
1979 3.07B +48.18M +1.59%
1978 3.02B −116M −3.68%
1977 3.14B +494M +18.67%
1976 2.64B −384M −12.68%
1975 3.03B +1.68B +124.15%
1974 1.35B +331M +32.44%
1973 1.02B +116M +12.84%
1972 904M +265M +41.43%
1971 639M −23.08M −3.48%
1970 662M −22.12M −3.23%
1969 684M +315M +85.47%
1968 369M +129M +53.79%
1967 240M +184M +330.65%
1966 55.72M −10.22M −15.5%
1965 65.94M +11.62M +21.39%
1964 54.32M +8.82M +19.38%
1963 45.5M +6.86M +17.75%
1962 38.64M +10.36M +36.63%
1961 28.28M +4.9M +20.96%
1960 23.38M

About the indicator

Military expenditure in current US dollars under the SIPRI definition. It allows absolute defense budgets to be compared, but not military capability: the purchasing power of the dollar in defense differs widely between countries, so equal budgets buy different amounts of personnel and equipment.

Source: Military Expenditure Database (SIPRI), license SIPRI terms of use.