Military spending in Nepal
Nepal: Military spending was 530.13 million constant 2022 US$ in 2023. ◆ Volatile
Latest (2023)
530.13 million constant 2022 US$
Change on year
up 6.1%
World rank
109th
of 172 countries
All-time high
558.45 million constant 2022 US$
in 2020
All-time low
12.23 million constant 2022 US$
in 1948
Years of data
104
1920–2023
Military spending in Nepal, 1920–2023
Source: Barnum et al. – Global Military Spending Dataset (2025) – with minor processing by Our World in Data. Measured in constant 2022 US$.
Analysis
The most recent figure for military spending in Nepal is 530.13 million constant 2022 US$, 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 in Nepal peaked at 558.45 million constant 2022 US$ in 2020 and was at its lowest, 12.23 million constant 2022 US$, in 1948.
Nepal ranks 109th of 172 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Military spending in Nepal, year by year
| Year | constant 2022 US$ | Change |
|---|---|---|
| 1920 | 17.54 million constant 2022 US$ | — |
| 1921 | 22.79 million constant 2022 US$ | +29.9% |
| 1922 | 22.35 million constant 2022 US$ | -1.9% |
| 1923 | 21.90 million constant 2022 US$ | -2.0% |
| 1924 | 20.33 million constant 2022 US$ | -7.2% |
| 1925 | 21.86 million constant 2022 US$ | +7.5% |
| 1926 | 22.50 million constant 2022 US$ | +2.9% |
| 1927 | 22.68 million constant 2022 US$ | +0.8% |
| 1928 | 22.61 million constant 2022 US$ | -0.3% |
| 1929 | 22.41 million constant 2022 US$ | -0.9% |
| 1930 | 23.94 million constant 2022 US$ | +6.8% |
| 1931 | 24.43 million constant 2022 US$ | +2.0% |
| 1932 | 24.82 million constant 2022 US$ | +1.6% |
| 1933 | 24.11 million constant 2022 US$ | -2.9% |
| 1934 | 28.64 million constant 2022 US$ | +18.8% |
| 1935 | 26.76 million constant 2022 US$ | -6.6% |
| 1936 | 26.54 million constant 2022 US$ | -0.8% |
| 1937 | 26.27 million constant 2022 US$ | -1.1% |
| 1938 | 26.79 million constant 2022 US$ | +2.0% |
| 1939 | 25.18 million constant 2022 US$ | -6.0% |
| 1940 | 26.11 million constant 2022 US$ | +3.7% |
| 1941 | 24.33 million constant 2022 US$ | -6.8% |
| 1942 | 22.72 million constant 2022 US$ | -6.6% |
| 1943 | 20.42 million constant 2022 US$ | -10.1% |
| 1944 | 20.87 million constant 2022 US$ | +2.2% |
| 1945 | 20.43 million constant 2022 US$ | -2.1% |
| 1946 | 17.42 million constant 2022 US$ | -14.7% |
| 1947 | 14.48 million constant 2022 US$ | -16.9% |
| 1948 | 12.23 million constant 2022 US$ | -15.6% |
| 1949 | 14.57 million constant 2022 US$ | +19.1% |
| 1950 | 14.69 million constant 2022 US$ | +0.8% |
| 1951 | 16.36 million constant 2022 US$ | +11.4% |
| 1952 | 18.46 million constant 2022 US$ | +12.9% |
| 1953 | 18.30 million constant 2022 US$ | -0.9% |
| 1954 | 18.33 million constant 2022 US$ | +0.2% |
| 1955 | 14.94 million constant 2022 US$ | -18.5% |
| 1956 | 16.73 million constant 2022 US$ | +11.9% |
| 1957 | 17.60 million constant 2022 US$ | +5.2% |
| 1958 | 15.64 million constant 2022 US$ | -11.1% |
| 1959 | 16.87 million constant 2022 US$ | +7.9% |
| 1960 | 17.89 million constant 2022 US$ | +6.1% |
| 1961 | 21.52 million constant 2022 US$ | +20.2% |
| 1962 | 24.54 million constant 2022 US$ | +14.1% |
| 1963 | 28.60 million constant 2022 US$ | +16.5% |
| 1964 | 32.23 million constant 2022 US$ | +12.7% |
| 1965 | 35.21 million constant 2022 US$ | +9.2% |
| 1966 | 33.85 million constant 2022 US$ | -3.9% |
| 1967 | 34.18 million constant 2022 US$ | +1.0% |
| 1968 | 34.10 million constant 2022 US$ | -0.2% |
| 1969 | 32.86 million constant 2022 US$ | -3.6% |
| 1970 | 31.88 million constant 2022 US$ | -3.0% |
| 1971 | 30.19 million constant 2022 US$ | -5.3% |
| 1972 | 31.06 million constant 2022 US$ | +2.9% |
| 1973 | 29.61 million constant 2022 US$ | -4.7% |
| 1974 | 32.56 million constant 2022 US$ | +9.9% |
| 1975 | 33.50 million constant 2022 US$ | +2.9% |
| 1976 | 42.14 million constant 2022 US$ | +25.8% |
| 1977 | 44.98 million constant 2022 US$ | +6.7% |
| 1978 | 46.27 million constant 2022 US$ | +2.9% |
| 1979 | 51.29 million constant 2022 US$ | +10.8% |
| 1980 | 49.39 million constant 2022 US$ | -3.7% |
| 1981 | 50.95 million constant 2022 US$ | +3.2% |
| 1982 | 57.38 million constant 2022 US$ | +12.6% |
| 1983 | 56.88 million constant 2022 US$ | -0.9% |
| 1984 | 58.53 million constant 2022 US$ | +2.9% |
| 1985 | 60.18 million constant 2022 US$ | +2.8% |
| 1986 | 60.62 million constant 2022 US$ | +0.7% |
| 1987 | 60.71 million constant 2022 US$ | +0.1% |
| 1988 | 61.81 million constant 2022 US$ | +1.8% |
| 1989 | 60.97 million constant 2022 US$ | -1.4% |
| 1990 | 59.99 million constant 2022 US$ | -1.6% |
| 1991 | 59.76 million constant 2022 US$ | -0.4% |
| 1992 | 67.23 million constant 2022 US$ | +12.5% |
| 1993 | 67.86 million constant 2022 US$ | +0.9% |
| 1994 | 70.29 million constant 2022 US$ | +3.6% |
| 1995 | 71.28 million constant 2022 US$ | +1.4% |
| 1996 | 66.86 million constant 2022 US$ | -6.2% |
| 1997 | 71.37 million constant 2022 US$ | +6.7% |
| 1998 | 72.64 million constant 2022 US$ | +1.8% |
| 1999 | 80.65 million constant 2022 US$ | +11.0% |
| 2000 | 96.08 million constant 2022 US$ | +19.1% |
| 2001 | 142.95 million constant 2022 US$ | +48.8% |
| 2002 | 139.43 million constant 2022 US$ | -2.5% |
| 2003 | 157.75 million constant 2022 US$ | +13.1% |
| 2004 | 183.27 million constant 2022 US$ | +16.2% |
| 2005 | 214.85 million constant 2022 US$ | +17.2% |
| 2006 | 210.87 million constant 2022 US$ | -1.9% |
| 2007 | 214.59 million constant 2022 US$ | +1.8% |
| 2008 | 230.51 million constant 2022 US$ | +7.4% |
| 2009 | 251.15 million constant 2022 US$ | +9.0% |
| 2010 | 279.63 million constant 2022 US$ | +11.3% |
| 2011 | 306.35 million constant 2022 US$ | +9.6% |
| 2012 | 300.20 million constant 2022 US$ | -2.0% |
| 2013 | 299.34 million constant 2022 US$ | -0.3% |
| 2014 | 346.01 million constant 2022 US$ | +15.6% |
| 2015 | 384.83 million constant 2022 US$ | +11.2% |
| 2016 | 422.45 million constant 2022 US$ | +9.8% |
| 2017 | 465.97 million constant 2022 US$ | +10.3% |
| 2018 | 495.23 million constant 2022 US$ | +6.3% |
| 2019 | 541.73 million constant 2022 US$ | +9.4% |
| 2020 | 558.45 million constant 2022 US$ | +3.1% |
| 2021 | 520.92 million constant 2022 US$ | -6.7% |
| 2022 | 499.79 million constant 2022 US$ | -4.1% |
| 2023 | 530.13 million constant 2022 US$ | +6.1% |
Nepal compared with similar countries
- Nepal's 530.13 million constant 2022 US$ is above the median for lower middle income countries, which is 485.52 million constant 2022 US$, 1.1× the median. (42 countries reporting)
- Nepal's 530.13 million constant 2022 US$ is below the median for South Asia, which is 1.03 billion constant 2022 US$, 52% of the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1920s | 21.70 million constant 2022 US$ | 17.54 million constant 2022 US$ | 22.79 million constant 2022 US$ | 10 |
| 1930s | 25.75 million constant 2022 US$ | 23.94 million constant 2022 US$ | 28.64 million constant 2022 US$ | 10 |
| 1940s | 19.36 million constant 2022 US$ | 12.23 million constant 2022 US$ | 26.11 million constant 2022 US$ | 10 |
| 1950s | 16.79 million constant 2022 US$ | 14.69 million constant 2022 US$ | 18.46 million constant 2022 US$ | 10 |
| 1960s | 29.50 million constant 2022 US$ | 17.89 million constant 2022 US$ | 35.21 million constant 2022 US$ | 10 |
| 1970s | 37.35 million constant 2022 US$ | 29.61 million constant 2022 US$ | 51.29 million constant 2022 US$ | 10 |
| 1980s | 57.74 million constant 2022 US$ | 49.39 million constant 2022 US$ | 61.81 million constant 2022 US$ | 10 |
| 1990s | 68.79 million constant 2022 US$ | 59.76 million constant 2022 US$ | 80.65 million constant 2022 US$ | 10 |
| 2000s | 184.14 million constant 2022 US$ | 96.08 million constant 2022 US$ | 251.15 million constant 2022 US$ | 10 |
| 2010s | 384.17 million constant 2022 US$ | 279.63 million constant 2022 US$ | 541.73 million constant 2022 US$ | 10 |
| 2020s | 527.33 million constant 2022 US$ | 499.79 million constant 2022 US$ | 558.45 million constant 2022 US$ | 4 |
Countries ranked near Nepal
- 106 Afghanistan 571.73 million constant 2022 US$ compare
- 107 Brunei 566.79 million constant 2022 US$ compare
- 108 Cameroon 545.00 million constant 2022 US$ compare
- 110 Senegal 527.57 million constant 2022 US$ compare
- 111 El Salvador 509.92 million constant 2022 US$ compare
- 112 Guinea 507.79 million constant 2022 US$ compare
More reference data data for Nepal
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.7753 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 2.5 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 4.14 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.7853 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 4.14 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 2.6 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.7974 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 11.28 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 19.44 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 4.28 (2050)
Frequently asked questions
- What is military spending in Nepal?
- Military spending in Nepal was 530.13 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 Nepal?
- The highest recorded value was 558.45 million constant 2022 US$ in 2020.
- What is the lowest military spending recorded in Nepal?
- The lowest recorded value was 12.23 million constant 2022 US$ in 1948.
- How does Nepal rank for military spending?
- Nepal ranks 109th out of 172 countries with data for 2023.
- Is military spending 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 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
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.