Military spending in Liberia

Liberia: Military spending was 39.49 million constant 2022 US$ in 2023. ◆ Volatile

Latest (2023)
39.49 million constant 2022 US$
Change on year
up 6.0%
World rank
160th
of 172 countries
All-time high
78.40 million constant 2022 US$
in 1982
All-time low
829,132 constant 2022 US$
in 1933
Years of data
104
1920–2023

Military spending in Liberia, 1920–2023

020.0M40.0M60.0M80.0M192019712023

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 Liberia is 39.49 million constant 2022 US$, measured in 2023.

Compared with earlier readings it is up 6.0% on the previous year and up 60.0% over ten years.

Over the whole period, military spending in Liberia peaked at 78.40 million constant 2022 US$ in 1982 and was at its lowest, 829,132 constant 2022 US$, in 1933.

That places Liberia 160th out of 172 countries with data for 2023, 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
1920s 1.62 million constant 2022 US$ 1.51 million constant 2022 US$ 1.86 million constant 2022 US$ 10
1930s 1.14 million constant 2022 US$ 829,132 constant 2022 US$ 1.35 million constant 2022 US$ 10
1940s 2.87 million constant 2022 US$ 1.40 million constant 2022 US$ 5.18 million constant 2022 US$ 10
1950s 9.02 million constant 2022 US$ 5.14 million constant 2022 US$ 12.52 million constant 2022 US$ 10
1960s 18.88 million constant 2022 US$ 10.52 million constant 2022 US$ 21.89 million constant 2022 US$ 10
1970s 21.89 million constant 2022 US$ 17.44 million constant 2022 US$ 27.02 million constant 2022 US$ 10
1980s 68.13 million constant 2022 US$ 49.10 million constant 2022 US$ 78.40 million constant 2022 US$ 10
1990s 54.80 million constant 2022 US$ 33.55 million constant 2022 US$ 69.90 million constant 2022 US$ 10
2000s 14.26 million constant 2022 US$ 3.40 million constant 2022 US$ 44.01 million constant 2022 US$ 10
2010s 19.30 million constant 2022 US$ 12.45 million constant 2022 US$ 24.68 million constant 2022 US$ 10
2020s 32.06 million constant 2022 US$ 19.58 million constant 2022 US$ 39.49 million constant 2022 US$ 4

Countries ranked near Liberia

  1. 157 East Timor 57.24 million constant 2022 US$ compare
  2. 158 Barbados 50.59 million constant 2022 US$ compare
  3. 159 Lesotho 44.77 million constant 2022 US$ compare
  4. 161 Belize 32.73 million constant 2022 US$ compare
  5. 162 Bhutan 31.32 million constant 2022 US$ compare
  6. 163 Guinea-Bissau 29.97 million constant 2022 US$ compare

See the full ranking of 172 places →

More reference data data for Liberia

All data for Liberia →

Frequently asked questions

What is military spending in Liberia?
Military spending in Liberia was 39.49 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 Liberia?
The highest recorded value was 78.40 million constant 2022 US$ in 1982.
What is the lowest military spending recorded in Liberia?
The lowest recorded value was 829,132 constant 2022 US$ in 1933.
How does Liberia rank for military spending?
Liberia ranks 160th out of 172 countries with data for 2023.
Is military spending rising or falling in Liberia?
Over the last ten years it is up 60.0%. The long-run trend across the full record is volatile.
Where does this Liberia 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

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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.