Nigeria - Military Expenditure
Since 2014, Nigeria Military Expenditure fell by 4.6% year on year. In 2019, the country was ranked number 63 comparing other countries in Military Expenditure with $1,860,260,429.56. Nigeria is overtaken by Slovakia, which was number 62 at $1,865,203,761.76 and is followed by Azerbaijan at $1,854,235,294.12. United States lead the ranking with $731,751,400,000 in 2019, a growth of 7.2% compared to 2018. China, India and Russia respectively ranked number 2, 3 and 4 in this ranking. Bulgaria witnessed the best average annual growth at +23.3% per year, while Venezuela was the worst growing country at -55.3% per year.
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| Date | US Dollars |
|---|---|
| 2019 | 1,860,260,429.56 |
| 2018 | 2,043,051,719.22 |
| 2017 | 1,621,218,176.40 |
| 2016 | 1,723,204,266.40 |
| 2015 | 2,065,557,663.35 |
Download all data from 1960 to 2019
How does Nigeria rank in Military Expenditure?
| # | 156 Countries | US Dollars | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
United States
|
731,751,400,000.00 | 2019 | +7.2 % | +2.5 % | View data | |
| 2 |
#2
China
|
261,081,940,426.67 | 2019 | +3.0 % | +5.4 % | View data | |
| 62 |
#62
Slovakia
|
1,865,203,761.76 | 2019 | +43.9 % | +13.3 % | View data | |
| 63 |
#63
Nigeria
|
1,860,260,429.56 | 2019 | -8.9 % | -4.6 % | View data | |
| 64 |
#64
Azerbaijan
|
1,854,235,294.12 | 2019 | +10.9 % | -11.6 % | View data | |