Nepal vs Paraguay: Military spending

Nepal

429.02 million constant 2024 US$

in 2025

Paraguay

405.76 million constant 2024 US$

in 2025

Nepal rank

112th

Paraguay rank

113th

Military spending over time

Nepal
Paraguay

How they compare

Nepal currently reports 429.02 million constant 2024 US$ against 405.76 million constant 2024 US$ in Paraguay, a difference of 23.26 million constant 2024 US$.

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

The two have swapped places 1 time across 56 shared years of data; in 1970 it was Paraguay ahead.

Nepal ranks 112th and Paraguay ranks 113th 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.