Libya vs Nigeria: Military spending

Libya

1.60 billion constant 2024 US$

in 2023

Nigeria

1.76 billion constant 2024 US$

in 2025

Libya rank

75th

Nigeria rank

72nd

Military spending over time

Libya
Nigeria

How they compare

Nigeria currently reports 1.76 billion constant 2024 US$ against 1.60 billion constant 2024 US$ in Libya, a difference of 156.19 million constant 2024 US$.

That makes Nigeria's figure about 1.1 times Libya's.

The two have swapped places 2 times across 36 shared years of data; in 1964 it was Nigeria ahead.

Libya ranks 75th and Nigeria ranks 72nd of 162 countries.

Individual pages

About this data

Indicator: Military spending
Unit: constant 2024 US$
Source: Stockholm International Peace Research Institute (2026) – with minor processing by Our World in Data
Licence: CC BY 4.0 (Our World in Data)
Coverage: 162 places, 8,341 data points, 1949–2025
Last refreshed: 07 August 2026

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.