Nicaragua: Military expenditure (% of GDP)
In , Nicaragua's Military expenditure (% of GDP) was 0.55.
That's down 1.7% from 2023, the highest value since .
The global average for this indicator in 2024 was 2.20 . Nicaragua ranks #137 globally out of 147 reporting countries. Within Latin America & Caribbean, it ranks #18 of 20.
Source: World Bank Open Data (MS.MIL.XPND.GD.ZS) • Data as of 2024
Trend (2005–2024)
Highlights
- Peak
- 0.78
- Trough
- 0.50
- 1-year change
- -1.7%
- 5-year change
- -9.9%
- -2.1% / yr
- 10-year change
- -20.4%
- -2.3% / yr
Historical Data — Last 10 Years
| Year | Military expenditure (% of GDP) |
|---|---|
| 0.5451 | |
| 0.5547 | |
| 0.5371 | |
| 0.5498 | |
| 0.6300 | |
| 0.6050 | |
| 0.6272 | |
| 0.6265 | |
| 0.6399 | |
| 0.7755 |
About Military expenditure (% of GDP)
Military expenditure by country as percentage of gross domestic product
Indicator code: MS.MIL.XPND.GD.ZS • Category: Public Sector
Frequently asked questions
- What was Nicaragua's Military expenditure (% of GDP) in 2024?
- In 2024, Nicaragua's Military expenditure (% of GDP) was 0.55, according to World Bank Open Data.
- Is Nicaragua's Military expenditure (% of GDP) rising or falling?
- Nicaragua's Military expenditure (% of GDP) fell 1.7% from 2023 to 2024.
- How does Nicaragua rank globally on Military expenditure (% of GDP)?
- In 2024, Nicaragua ranked #137 out of 147 countries reporting Military expenditure (% of GDP).
- How does Nicaragua's Military expenditure (% of GDP) compare to the world average?
- The global average for Military expenditure (% of GDP) in 2024 was 2.20, so Nicaragua is below the world average. Within Latin America & Caribbean, it ranks #18 of 20.
- What is Military expenditure (% of GDP) and how is it measured?
- Military expenditure by country as percentage of gross domestic product
Source: World Bank Open Data (MS.MIL.XPND.GD.ZS), CC BY 4.0.