Paraguay: Military expenditure (% of GDP)
In , Paraguay's Military expenditure (% of GDP) was 0.93.
That's up 1.2% from 2023, the highest value since .
The global average for this indicator in 2024 was 2.20 . Paraguay ranks #114 globally out of 147 reporting countries. Within Latin America & Caribbean, it ranks #10 of 20.
Source: World Bank Open Data (MS.MIL.XPND.GD.ZS) • Data as of 2024
Trend (2005–2024)
Highlights
- Peak
- 1.07
- Trough
- 0.68
- 1-year change
- +1.2%
- 5-year change
- -4.2%
- -0.9% / yr
- 10-year change
- -5.4%
- -0.6% / yr
Historical Data — Last 10 Years
| Year | Military expenditure (% of GDP) |
|---|---|
| 0.9331 | |
| 0.9221 | |
| 0.8711 | |
| 0.9182 | |
| 1.0276 | |
| 0.9738 | |
| 0.9612 | |
| 0.8927 | |
| 0.9510 | |
| 1.0674 |
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 Paraguay's Military expenditure (% of GDP) in 2024?
- In 2024, Paraguay's Military expenditure (% of GDP) was 0.93, according to World Bank Open Data.
- Is Paraguay's Military expenditure (% of GDP) rising or falling?
- Paraguay's Military expenditure (% of GDP) rose 1.2% from 2023 to 2024.
- How does Paraguay rank globally on Military expenditure (% of GDP)?
- In 2024, Paraguay ranked #114 out of 147 countries reporting Military expenditure (% of GDP).
- How does Paraguay's Military expenditure (% of GDP) compare to the world average?
- The global average for Military expenditure (% of GDP) in 2024 was 2.20, so Paraguay is below the world average. Within Latin America & Caribbean, it ranks #10 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.