Guinea vs Paraguay: Military spending

Guinea
507.79 million constant 2022 US$
in 2023
Paraguay
476.41 million constant 2022 US$
in 2023
Guinea rank
112th
Paraguay rank
115th

Military spending over time

  • Guinea
  • Paraguay
0200.0M400.0M600.0M184619342023

How they compare

Guinea currently reports 507.79 million constant 2022 US$ against 476.41 million constant 2022 US$ in Paraguay, a difference of 31.38 million constant 2022 US$.

That makes Guinea's figure about 1.1 times Paraguay's.

The two have swapped places 7 times across 66 shared years of data; in 1958 it was Paraguay ahead.

Guinea ranks 112th and Paraguay ranks 115th of 172 countries.

Across the 8 decades both report, Guinea averaged higher in 1 and Paraguay in 7.

Head to head by decade

Decade Guinea Paraguay Difference Ahead
1950s 27.90 million constant 2022 US$ 42.11 million constant 2022 US$ 14.21 million constant 2022 US$ Paraguay
1960s 62.98 million constant 2022 US$ 64.15 million constant 2022 US$ 1.17 million constant 2022 US$ Paraguay
1970s 126.88 million constant 2022 US$ 103.19 million constant 2022 US$ 23.69 million constant 2022 US$ Guinea
1980s 101.62 million constant 2022 US$ 177.74 million constant 2022 US$ 76.12 million constant 2022 US$ Paraguay
1990s 82.50 million constant 2022 US$ 213.93 million constant 2022 US$ 131.43 million constant 2022 US$ Paraguay
2000s 91.53 million constant 2022 US$ 119.40 million constant 2022 US$ 27.87 million constant 2022 US$ Paraguay
2010s 176.48 million constant 2022 US$ 352.92 million constant 2022 US$ 176.43 million constant 2022 US$ Paraguay
2020s 396.16 million constant 2022 US$ 451.73 million constant 2022 US$ 55.57 million constant 2022 US$ Paraguay

Averages of every year both report within each decade.

Frequently asked questions

Which has higher military spending, Guinea or Paraguay?
Guinea, at 507.79 million constant 2022 US$ against 476.41 million constant 2022 US$ in Paraguay as of 2023.
What is the difference in military spending between Guinea and Paraguay?
31.38 million constant 2022 US$, with Guinea ahead.
How many years of comparable data are there for Guinea and Paraguay?
66 years are reported by both, from 1958 to 2023.
How do Guinea and Paraguay rank globally for military spending?
Guinea ranks 112th and Paraguay ranks 115th of 172 countries.
Where does this data come from?
Barnum et al. – Global Military Spending Dataset (2025) – with minor processing by Our World in Data, published as Military spending. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Guinea vs Paraguay: Military spending. Statizoid, drawing on Barnum et al. – Global Military Spending Dataset (2025) – with minor processing by Our World in Data. Retrieved 23 September 2026, from https://reference.statizoid.com/compare/military-spending-gmsd/guinea/paraguay/

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<a href="https://reference.statizoid.com/compare/military-spending-gmsd/guinea/paraguay/">Guinea vs Paraguay: Military spending</a> — Statizoid

About this data

Indicator
Military spending
Unit
constant 2022 US$
Source
Barnum et al. – Global Military Spending Dataset (2025) – with minor processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
172 places, 15,402 data points, 1816–2023
Last refreshed

This data is expressed in US dollars. It is adjusted for inflation but does not account for differences in the cost of living between countries.