Nigeria: Military expenditure (% of GDP)
In , Nigeria's Military expenditure (% of GDP) was 0.56.
That's down 34.1% from 2023, the highest value since .
The global average for this indicator in 2024 was 2.20 . Nigeria ranks #136 globally out of 147 reporting countries. Within Sub-Saharan Africa, it ranks #39 of 43.
Source: World Bank Open Data (MS.MIL.XPND.GD.ZS) • Data as of 2024
Trend (2005–2024)
Highlights
- Peak
- 1.01
- Trough
- 0.35
- 1-year change
- -34.1%
- 5-year change
- +21.0%
- +3.9% / yr
- 10-year change
- +33.9%
- +3.0% / yr
Historical Data — Last 10 Years
| Year | Military expenditure (% of GDP) |
|---|---|
| 0.5554 | |
| 0.8427 | |
| 0.6502 | |
| 1.0127 | |
| 0.6320 | |
| 0.4592 | |
| 0.5069 | |
| 0.4307 | |
| 0.4329 | |
| 0.4176 |
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 Nigeria's Military expenditure (% of GDP) in 2024?
- In 2024, Nigeria's Military expenditure (% of GDP) was 0.56, according to World Bank Open Data.
- Is Nigeria's Military expenditure (% of GDP) rising or falling?
- Nigeria's Military expenditure (% of GDP) fell 34.1% from 2023 to 2024.
- How does Nigeria rank globally on Military expenditure (% of GDP)?
- In 2024, Nigeria ranked #136 out of 147 countries reporting Military expenditure (% of GDP).
- How does Nigeria's Military expenditure (% of GDP) compare to the world average?
- The global average for Military expenditure (% of GDP) in 2024 was 2.20, so Nigeria is below the world average. Within Sub-Saharan Africa, it ranks #39 of 43.
- 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.