Military spending in Bahamas

Bahamas: Military spending was 118.22 million constant 2022 US$ in 2020. ◆ Volatile

Latest (2020)
118.22 million constant 2022 US$
Change on year
down 2.2%
World rank
145th
of 172 countries
All-time high
131.71 million constant 2022 US$
in 2016
All-time low
13.09 million constant 2022 US$
in 1979
Years of data
48
1973–2020

Military spending in Bahamas, 1973–2020

25.0M50.0M75.0M100.0M125.0M197319962020

Source: Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data. Measured in constant 2022 US$.

Analysis

In 2020, military spending in Bahamas stood at 118.22 million constant 2022 US$.

The figure is down 2.2% on the previous year and up 104.6% over ten years.

Over the whole period, military spending in Bahamas peaked at 131.71 million constant 2022 US$ in 2016 and was at its lowest, 13.09 million constant 2022 US$, in 1979.

That places Bahamas 145th out of 172 countries with data for 2020, putting it in the bottom quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
1970s 17.29 million constant 2022 US$ 13.09 million constant 2022 US$ 20.14 million constant 2022 US$ 7
1980s 40.32 million constant 2022 US$ 13.43 million constant 2022 US$ 125.53 million constant 2022 US$ 10
1990s 50.39 million constant 2022 US$ 34.63 million constant 2022 US$ 99.25 million constant 2022 US$ 10
2000s 50.83 million constant 2022 US$ 42.30 million constant 2022 US$ 61.87 million constant 2022 US$ 10
2010s 97.20 million constant 2022 US$ 57.79 million constant 2022 US$ 131.71 million constant 2022 US$ 10
2020s 118.22 million constant 2022 US$ 118.22 million constant 2022 US$ 118.22 million constant 2022 US$ 1

Countries ranked near Bahamas

  1. 142 Madagascar 124.17 million constant 2022 US$ compare
  2. 143 Montenegro 120.89 million constant 2022 US$ compare
  3. 146 Papua New Guinea 116.43 million constant 2022 US$ compare
  4. 147 Nicaragua 110.71 million constant 2022 US$ compare
  5. 148 Guyana 106.79 million constant 2022 US$ compare

See the full ranking of 172 places →

More reference data data for Bahamas

All data for Bahamas →

Frequently asked questions

What is military spending in Bahamas?
Military spending in Bahamas was 118.22 million constant 2022 US$ in 2020, according to Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data.
What is the highest military spending recorded in Bahamas?
The highest recorded value was 131.71 million constant 2022 US$ in 2016.
What is the lowest military spending recorded in Bahamas?
The lowest recorded value was 13.09 million constant 2022 US$ in 1979.
How does Bahamas rank for military spending?
Bahamas ranks 145th out of 172 countries with data for 2020.
Is military spending rising or falling in Bahamas?
Over the last ten years it is up 104.6%. The long-run trend across the full record is volatile.
Where does this Bahamas data come from?
The figures come from Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data, published as part of Military spending. Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 48 observations, free to reuse under CC BY 4.0 (Our World in Data).

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.