Economy
The World Bank — World Development Indicators (CC BY 4.0) · updated 2024-12-31
Nigeria's military expenditure stands at 0.5554% as of 2024-12-31, down from 0.8427% in 2023. Historical data runs from 1960 to 2024 (65 observations).
In 2024, Nigeria's military expenditure was 0.5554%, down from 0.8427% in 2023.
In 2023, Nigeria's military expenditure was 0.8427%, up from 0.6502% in 2022.
In 2022, Nigeria's military expenditure was 0.6502%, down from 1.01% in 2021.
In 2021, Nigeria's military expenditure was 1.01%, up from 0.632% in 2020.
In 2020, Nigeria's military expenditure was 0.632%, up from 0.4592% in 2019.
| Year | Value | Change |
|---|---|---|
| 2024 | 0.5554% | -0.2872% |
| 2023 | 0.8427% | +0.1925% |
| 2022 | 0.6502% | -0.3625% |
| 2021 | 1.01% | +0.3807% |
| 2020 | 0.632% | +0.1729% |
| 2019 | 0.4592% | -0.0478% |
| 2018 | 0.5069% | +0.0763% |
| 2017 | 0.4307% | -0.0023% |
| 2016 | 0.4329% | +0.0153% |
| 2015 | 0.4176% | +0.0029% |
| 2014 | 0.4147% | -0.055% |
| 2013 | 0.4697% | -0.0346% |
| 2012 | 0.5043% | -0.075% |
| 2011 | 0.5792% | +0.04% |
| 2010 | 0.5392% | +0.0334% |
| 2009 | 0.5059% | +0.0168% |
| 2008 | 0.4891% | +0.1187% |
| 2007 | 0.3704% | +0.022% |
| 2006 | 0.3484% | -0.049% |
| 2005 | 0.3974% | -0.0936% |
| 2004 | 0.491% | -0.0797% |
| 2003 | 0.5707% | -0.3836% |
| 2002 | 0.9543% | +0.174% |
| 2001 | 0.7803% | +0.2368% |
| 2000 | 0.5435% | -0.3119% |
| 1999 | 0.8554% | +0.3071% |
| 1998 | 0.5483% | +0.1125% |
| 1997 | 0.4358% | +0.0297% |
| 1996 | 0.4062% | -0.0774% |
| 1995 | 0.4836% | -0.2979% |
| 1994 | 0.7815% | -0.1518% |
| 1993 | 0.9332% | +0.3692% |
| 1992 | 0.564% | -0.2097% |
| 1991 | 0.7737% | -0.0594% |
| 1990 | 0.8331% | +0.2532% |
| 1989 | 0.5799% | -0.3045% |
| 1988 | 0.8844% | +0.1146% |
| 1987 | 0.7698% | -0.5418% |
| 1986 | 1.31% | -0.1252% |
| 1985 | 1.44% | -0.12% |
| 1984 | 1.56% | -0.663% |
| 1983 | 2.22% | -0.0474% |
| 1982 | 2.27% | -0.5029% |
| 1981 | 2.77% | -0.5255% |
| 1980 | 3.3% | -1.03% |
| 1979 | 4.32% | -1% |
| 1978 | 5.33% | -0.6981% |
| 1977 | 6.02% | +0.2327% |
| 1976 | 5.79% | -2.33% |
| 1975 | 8.12% | +3.78% |
| 1974 | 4.34% | -1.13% |
| 1973 | 5.48% | +0.0882% |
| 1972 | 5.39% | +0.9981% |
| 1971 | 4.39% | -0.8871% |
| 1970 | 5.28% | -5.04% |
| 1969 | 10.32% | +1.16% |
| 1968 | 9.16% | +3.35% |
| 1967 | 5.81% | +4.71% |
| 1966 | 1.1% | -0.3003% |
| 1965 | 1.4% | +0.1677% |
| 1964 | 1.23% | +0.1305% |
| 1963 | 1.1% | +0.0062% |
| 1962 | 1.1% | +0.2475% |
| 1961 | 0.8495% | +0.1536% |
| 1960 | 0.6958% | — |
The World Bank — World Development Indicators (CC BY 4.0) · Download this series as CSV — free, attribution required (CC BY 4.0).
Nigeria's military expenditure is 0.5554% as of 2024-12-31, compared with 0.8427% in 2023. The World Bank — World Development Indicators (CC BY 4.0)
The highest recorded value is 10.32% (1969); the lowest is 0.3484% (2006), across data from 1960 to 2024.
The World Bank — World Development Indicators (CC BY 4.0) Figures are republished with attribution and updated as the source releases new observations.