Military spending gmsd in Nepal

Nepal: Military spending gmsd was 530.13 million in 2023. ◆ Volatile

Latest (2023)
530.13 million
Change on year
up 6.1%
World rank
109th
of 172 countries
All-time high
558.45 million
in 2020
All-time low
12.23 million
in 1948
Years of data
104
1920–2023

Military spending gmsd in Nepal, 1920–2023

0200.0M400.0M600.0M192019712023

Source: Our World in Data.

Analysis

The most recent figure for military spending gmsd in Nepal is 530.13 million, measured in 2023.

Compared with earlier readings it is up 6.1% on the previous year and up 77.1% over ten years.

Over the whole period, military spending gmsd in Nepal peaked at 558.45 million in 2020 and was at its lowest, 12.23 million, in 1948.

Nepal ranks 109th of 172 countries on this measure, in the middle of the range.

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

Military spending gmsd in Nepal, year by year

Annual values for Military spending gmsd in Nepal, 1920 to 2023.
Year Value Change
1920 17.54 million —
1921 22.79 million +29.9%
1922 22.35 million -1.9%
1923 21.90 million -2.0%
1924 20.33 million -7.2%
1925 21.86 million +7.5%
1926 22.50 million +2.9%
1927 22.68 million +0.8%
1928 22.61 million -0.3%
1929 22.41 million -0.9%
1930 23.94 million +6.8%
1931 24.43 million +2.0%
1932 24.82 million +1.6%
1933 24.11 million -2.9%
1934 28.64 million +18.8%
1935 26.76 million -6.6%
1936 26.54 million -0.8%
1937 26.27 million -1.1%
1938 26.79 million +2.0%
1939 25.18 million -6.0%
1940 26.11 million +3.7%
1941 24.33 million -6.8%
1942 22.72 million -6.6%
1943 20.42 million -10.1%
1944 20.87 million +2.2%
1945 20.43 million -2.1%
1946 17.42 million -14.7%
1947 14.48 million -16.9%
1948 12.23 million -15.6%
1949 14.57 million +19.1%
1950 14.69 million +0.8%
1951 16.36 million +11.4%
1952 18.46 million +12.9%
1953 18.30 million -0.9%
1954 18.33 million +0.2%
1955 14.94 million -18.5%
1956 16.73 million +11.9%
1957 17.60 million +5.2%
1958 15.64 million -11.1%
1959 16.87 million +7.9%
1960 17.89 million +6.1%
1961 21.52 million +20.2%
1962 24.54 million +14.1%
1963 28.60 million +16.5%
1964 32.23 million +12.7%
1965 35.21 million +9.2%
1966 33.85 million -3.9%
1967 34.18 million +1.0%
1968 34.10 million -0.2%
1969 32.86 million -3.6%
1970 31.88 million -3.0%
1971 30.19 million -5.3%
1972 31.06 million +2.9%
1973 29.61 million -4.7%
1974 32.56 million +9.9%
1975 33.50 million +2.9%
1976 42.14 million +25.8%
1977 44.98 million +6.7%
1978 46.27 million +2.9%
1979 51.29 million +10.8%
1980 49.39 million -3.7%
1981 50.95 million +3.2%
1982 57.38 million +12.6%
1983 56.88 million -0.9%
1984 58.53 million +2.9%
1985 60.18 million +2.8%
1986 60.62 million +0.7%
1987 60.71 million +0.1%
1988 61.81 million +1.8%
1989 60.97 million -1.4%
1990 59.99 million -1.6%
1991 59.76 million -0.4%
1992 67.23 million +12.5%
1993 67.86 million +0.9%
1994 70.29 million +3.6%
1995 71.28 million +1.4%
1996 66.86 million -6.2%
1997 71.37 million +6.7%
1998 72.64 million +1.8%
1999 80.65 million +11.0%
2000 96.08 million +19.1%
2001 142.95 million +48.8%
2002 139.43 million -2.5%
2003 157.75 million +13.1%
2004 183.27 million +16.2%
2005 214.85 million +17.2%
2006 210.87 million -1.9%
2007 214.59 million +1.8%
2008 230.51 million +7.4%
2009 251.15 million +9.0%
2010 279.63 million +11.3%
2011 306.35 million +9.6%
2012 300.20 million -2.0%
2013 299.34 million -0.3%
2014 346.01 million +15.6%
2015 384.83 million +11.2%
2016 422.45 million +9.8%
2017 465.97 million +10.3%
2018 495.23 million +6.3%
2019 541.73 million +9.4%
2020 558.45 million +3.1%
2021 520.92 million -6.7%
2022 499.79 million -4.1%
2023 530.13 million +6.1%

Nepal compared with similar countries

  • Nepal's 530.13 million is above the median for lower middle income countries, which is 485.52 million, 1.1× the median. (42 countries reporting)
  • Nepal's 530.13 million is below the median for South Asia, which is 1.03 billion, 52% of the median. (6 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
1920s 21.70 million 17.54 million 22.79 million 10
1930s 25.75 million 23.94 million 28.64 million 10
1940s 19.36 million 12.23 million 26.11 million 10
1950s 16.79 million 14.69 million 18.46 million 10
1960s 29.50 million 17.89 million 35.21 million 10
1970s 37.35 million 29.61 million 51.29 million 10
1980s 57.74 million 49.39 million 61.81 million 10
1990s 68.79 million 59.76 million 80.65 million 10
2000s 184.14 million 96.08 million 251.15 million 10
2010s 384.17 million 279.63 million 541.73 million 10
2020s 527.33 million 499.79 million 558.45 million 4

Countries ranked near Nepal

  1. 106 Afghanistan 571.73 million compare
  2. 107 Brunei 566.79 million compare
  3. 108 Cameroon 545.00 million compare
  4. 110 Senegal 527.57 million compare
  5. 111 El Salvador 509.92 million compare
  6. 112 Guinea 507.79 million compare

See the full ranking of 172 places →

More reference data data for Nepal

All data for Nepal →

Frequently asked questions

What is military spending gmsd in Nepal?
Military spending gmsd in Nepal was 530.13 million in 2023, according to Our World in Data.
What is the highest military spending gmsd recorded in Nepal?
The highest recorded value was 558.45 million in 2020.
What is the lowest military spending gmsd recorded in Nepal?
The lowest recorded value was 12.23 million in 1948.
How does Nepal rank for military spending gmsd?
Nepal ranks 109th out of 172 countries with data for 2023.
Is military spending gmsd rising or falling in Nepal?
Over the last ten years it is up 77.1%. The long-run trend across the full record is volatile.
Where does this Nepal data come from?
The figures come from Our World in Data, published as part of Military spending gmsd. Statizoid updates them automatically from the source API.

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Military spending gmsd in Nepal. Statizoid, drawing on Our World in Data. Retrieved 13 November 2026, from https://reference.statizoid.com/stat/military-spending-gmsd/nepal/

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About this data

Indicator
Military spending gmsd
Source
Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
172 places, 15,402 data points, 1816–2023
Last refreshed