Nigeria vs Venezuela: Military spending, annual growth rate
Nigeria
3.83 % change on previous year
in 2023
Venezuela
3.63 % change on previous year
in 2023
Nigeria rank
109th
Venezuela rank
111th
Military spending, annual growth rate over time
- Nigeria
- Venezuela
How they compare
Nigeria currently reports 3.83 % change on previous year against 3.63 % change on previous year in Venezuela, a difference of 0.2 % change on previous year.
That makes Nigeria's figure about 1.1 times Venezuela's.
The two have swapped places 24 times across 63 shared years of data; in 1961 it was Nigeria ahead.
Nigeria ranks 109th and Venezuela ranks 111th of 172 countries.
Across the 7 decades both report, Nigeria averaged higher in 5 and Venezuela in 2.
Head to head by decade
| Decade | Nigeria | Venezuela | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 49.82 % change on previous year | 5.55 % change on previous year | 44.27 % change on previous year | Nigeria |
| 1970s | 5.92 % change on previous year | 5.5 % change on previous year | 0.4176 % change on previous year | Nigeria |
| 1980s | -19.59 % change on previous year | -5.03 % change on previous year | 14.56 % change on previous year | Venezuela |
| 1990s | 21.94 % change on previous year | 1.43 % change on previous year | 20.5 % change on previous year | Nigeria |
| 2000s | 2.63 % change on previous year | 9.99 % change on previous year | 7.36 % change on previous year | Venezuela |
| 2010s | 4.75 % change on previous year | -19.87 % change on previous year | 24.62 % change on previous year | Nigeria |
| 2020s | 10.56 % change on previous year | -4.26 % change on previous year | 14.82 % change on previous year | Nigeria |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher military spending, annual growth rate, Nigeria or Venezuela?
- Nigeria, at 3.83 % change on previous year against 3.63 % change on previous year in Venezuela as of 2023.
- What is the difference in military spending, annual growth rate between Nigeria and Venezuela?
- 0.2 % change on previous year, with Nigeria ahead.
- How many years of comparable data are there for Nigeria and Venezuela?
- 63 years are reported by both, from 1961 to 2023.
- How do Nigeria and Venezuela rank globally for military spending, annual growth rate?
- Nigeria ranks 109th and Venezuela ranks 111th of 172 countries.
- Where does this data come from?
- Statizoid (derived), published as Military spending, annual growth rate. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The year-on-year percentage change in Military spending. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.