Military spending in Guyana

Guyana: Military spending was 106.79 million constant 2022 US$ in 2023. ◆ Volatile

Latest (2023)
106.79 million constant 2022 US$
Change on year
up 8.1%
World rank
148th
of 172 countries
All-time high
106.79 million constant 2022 US$
in 2023
All-time low
6.87 million constant 2022 US$
in 1991
Years of data
58
1966–2023

Military spending in Guyana, 1966–2023

020.0M40.0M60.0M80.0M100.0M196619942023

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

Analysis

The most recent figure for military spending in Guyana is 106.79 million constant 2022 US$, measured in 2023. That is the highest value across all 58 years on record.

Compared with earlier readings it is up 8.1% on the previous year and up 162.0% over ten years.

Over the whole period, military spending in Guyana peaked at 106.79 million constant 2022 US$ in 2023 and was at its lowest, 6.87 million constant 2022 US$, in 1991.

Guyana ranks 148th of 172 countries on this measure, 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
1960s 11.47 million constant 2022 US$ 8.61 million constant 2022 US$ 13.56 million constant 2022 US$ 4
1970s 37.15 million constant 2022 US$ 16.10 million constant 2022 US$ 65.70 million constant 2022 US$ 10
1980s 44.30 million constant 2022 US$ 10.77 million constant 2022 US$ 81.16 million constant 2022 US$ 10
1990s 9.93 million constant 2022 US$ 6.87 million constant 2022 US$ 11.80 million constant 2022 US$ 10
2000s 22.11 million constant 2022 US$ 12.04 million constant 2022 US$ 37.30 million constant 2022 US$ 10
2010s 53.38 million constant 2022 US$ 34.84 million constant 2022 US$ 90.49 million constant 2022 US$ 10
2020s 97.55 million constant 2022 US$ 89.11 million constant 2022 US$ 106.79 million constant 2022 US$ 4

Countries ranked near Guyana

  1. 145 Bahamas 118.22 million constant 2022 US$ compare
  2. 146 Papua New Guinea 116.43 million constant 2022 US$ compare
  3. 147 Nicaragua 110.71 million constant 2022 US$ compare
  4. 149 Eritrea 96.47 million constant 2022 US$ compare
  5. 150 Eswatini 91.46 million constant 2022 US$ compare
  6. 151 Fiji 87.78 million constant 2022 US$ compare

See the full ranking of 172 places →

More reference data data for Guyana

All data for Guyana →

Frequently asked questions

What is military spending in Guyana?
Military spending in Guyana was 106.79 million constant 2022 US$ in 2023, 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 Guyana?
The highest recorded value was 106.79 million constant 2022 US$ in 2023.
What is the lowest military spending recorded in Guyana?
The lowest recorded value was 6.87 million constant 2022 US$ in 1991.
How does Guyana rank for military spending?
Guyana ranks 148th out of 172 countries with data for 2023.
Is military spending rising or falling in Guyana?
Over the last ten years it is up 162.0%. The long-run trend across the full record is volatile.
Where does this Guyana 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 — 58 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.