Military spending gmsd in Nicaragua

Nicaragua: Military spending gmsd was 110.71 million in 2023. ◆ Volatile

Latest (2023)
110.71 million
Change on year
up 10.0%
World rank
147th
of 172 countries
All-time high
1.18 billion
in 1986
All-time low
928,510
in 1922
Years of data
124
1900–2023

Military spending gmsd in Nicaragua, 1900–2023

0250.0M500.0M750.0M1.0B1.2B190019612023

Source: Our World in Data.

Analysis

The most recent figure for military spending gmsd in Nicaragua is 110.71 million, measured in 2023.

Compared with earlier readings it is up 10.0% on the previous year and up 25.7% over ten years.

Over the whole period, military spending gmsd in Nicaragua peaked at 1.18 billion in 1986 and was at its lowest, 928,510, in 1922.

Nicaragua ranks 147th 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.

Military spending gmsd in Nicaragua, year by year

Annual values for Military spending gmsd in Nicaragua, 1900 to 2023.
Year Value Change
1900 15.60 million —
1901 14.15 million -9.3%
1902 14.34 million +1.3%
1903 14.68 million +2.4%
1904 13.14 million -10.5%
1905 11.77 million -10.4%
1906 11.13 million -5.5%
1907 9.55 million -14.1%
1908 9.16 million -4.2%
1909 8.26 million -9.8%
1910 7.35 million -11.1%
1911 6.43 million -12.4%
1912 5.97 million -7.3%
1913 5.86 million -1.8%
1914 3.89 million -33.6%
1915 3.94 million +1.4%
1916 3.31 million -16.2%
1917 2.47 million -25.2%
1918 2.05 million -16.9%
1919 1.47 million -28.4%
1920 1.02 million -30.8%
1921 1.04 million +2.1%
1922 928,510 -10.7%
1923 1.03 million +10.8%
1924 1.17 million +13.8%
1925 1.34 million +14.4%
1926 1.41 million +5.2%
1927 1.38 million -2.0%
1928 1.36 million -1.7%
1929 1.60 million +17.6%
1930 1.57 million -1.9%
1931 1.49 million -5.0%
1932 1.39 million -6.9%
1933 1.20 million -13.3%
1934 1.44 million +20.2%
1935 1.38 million -4.5%
1936 1.32 million -4.2%
1937 1.17 million -11.1%
1938 2.81 million +139.2%
1939 3.96 million +40.8%
1940 5.51 million +39.4%
1941 7.10 million +28.8%
1942 8.73 million +22.9%
1943 9.98 million +14.4%
1944 12.45 million +24.7%
1945 32.36 million +160.0%
1946 47.06 million +45.4%
1947 57.80 million +22.8%
1948 72.65 million +25.7%
1949 100.98 million +39.0%
1950 115.55 million +14.4%
1951 107.55 million -6.9%
1952 111.38 million +3.6%
1953 114.51 million +2.8%
1954 110.04 million -3.9%
1955 102.35 million -7.0%
1956 83.41 million -18.5%
1957 63.10 million -24.3%
1958 51.29 million -18.7%
1959 48.39 million -5.7%
1960 50.16 million +3.7%
1961 52.87 million +5.4%
1962 56.98 million +7.8%
1963 57.55 million +1.0%
1964 59.53 million +3.4%
1965 63.30 million +6.3%
1966 63.86 million +0.9%
1967 69.15 million +8.3%
1968 67.20 million -2.8%
1969 67.26 million +0.1%
1970 69.75 million +3.7%
1971 73.41 million +5.2%
1972 65.08 million -11.3%
1973 67.29 million +3.4%
1974 73.18 million +8.7%
1975 88.94 million +21.5%
1976 99.14 million +11.5%
1977 104.36 million +5.3%
1978 109.20 million +4.6%
1979 91.62 million -16.1%
1980 113.10 million +23.4%
1981 213.92 million +89.1%
1982 457.74 million +114.0%
1983 590.79 million +29.1%
1984 909.72 million +54.0%
1985 973.72 million +7.0%
1986 1.18 billion +21.0%
1987 380.55 million -67.7%
1988 261.06 million -31.4%
1989 266.31 million +2.0%
1990 675.36 million +153.6%
1991 176.96 million -73.8%
1992 142.66 million -19.4%
1993 109.82 million -23.0%
1994 71.58 million -34.8%
1995 63.34 million -11.5%
1996 56.27 million -11.2%
1997 52.76 million -6.2%
1998 48.42 million -8.2%
1999 42.46 million -12.3%
2000 45.81 million +7.9%
2001 46.81 million +2.2%
2002 47.77 million +2.1%
2003 46.56 million -2.5%
2004 47.71 million +2.5%
2005 45.68 million -4.3%
2006 45.50 million -0.4%
2007 46.85 million +3.0%
2008 50.29 million +7.3%
2009 50.38 million +0.2%
2010 55.46 million +10.1%
2011 63.29 million +14.1%
2012 76.74 million +21.2%
2013 88.08 million +14.8%
2014 95.95 million +8.9%
2015 91.38 million -4.8%
2016 87.92 million -3.8%
2017 103.76 million +18.0%
2018 101.19 million -2.5%
2019 103.60 million +2.4%
2020 100.11 million -3.4%
2021 100.66 million +0.5%
2022 100.66 million -0.0%
2023 110.71 million +10.0%

Nicaragua compared with similar countries

  • Nicaragua's 110.71 million is below the median for lower middle income countries, which is 485.52 million, 23% of the median. (42 countries reporting)
  • Nicaragua's 110.71 million is below the median for Latin America & Caribbean, which is 509.92 million, 22% of the median. (27 countries reporting)

Biggest year-on-year movements

Years where Military spending gmsd in Nicaragua changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
1945 +160.0% 12.45 million 32.36 million
1990 +153.6% 266.31 million 675.36 million
1938 +139.2% 1.17 million 2.81 million
1982 +114.0% 213.92 million 457.74 million
1981 +89.1% 113.10 million 213.92 million

Averages by decade

DecadeAverage LowestHighest Years
1900s 12.18 million 8.26 million 15.60 million 10
1910s 4.27 million 1.47 million 7.35 million 10
1920s 1.23 million 928,510 1.60 million 10
1930s 1.77 million 1.17 million 3.96 million 10
1940s 35.46 million 5.51 million 100.98 million 10
1950s 90.76 million 48.39 million 115.55 million 10
1960s 60.79 million 50.16 million 69.15 million 10
1970s 84.20 million 65.08 million 109.20 million 10
1980s 534.47 million 113.10 million 1.18 billion 10
1990s 143.96 million 42.46 million 675.36 million 10
2000s 47.34 million 45.50 million 50.38 million 10
2010s 86.74 million 55.46 million 103.76 million 10
2020s 103.04 million 100.11 million 110.71 million 4

Countries ranked near Nicaragua

  1. 144 Malta 118.50 million compare
  2. 145 Bahamas 118.22 million compare
  3. 146 Papua New Guinea 116.43 million compare
  4. 148 Guyana 106.79 million compare
  5. 149 Eritrea 96.47 million compare
  6. 150 Eswatini 91.46 million compare

See the full ranking of 172 places →

More reference data data for Nicaragua

All data for Nicaragua →

Frequently asked questions

What is military spending gmsd in Nicaragua?
Military spending gmsd in Nicaragua was 110.71 million in 2023, according to Our World in Data.
What is the highest military spending gmsd recorded in Nicaragua?
The highest recorded value was 1.18 billion in 1986.
What is the lowest military spending gmsd recorded in Nicaragua?
The lowest recorded value was 928,510 in 1922.
How does Nicaragua rank for military spending gmsd?
Nicaragua ranks 147th out of 172 countries with data for 2023.
Is military spending gmsd rising or falling in Nicaragua?
Over the last ten years it is up 25.7%. The long-run trend across the full record is volatile.
Where does this Nicaragua 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 Nicaragua. Statizoid, drawing on Our World in Data. Retrieved 13 November 2026, from https://reference.statizoid.com/stat/military-spending-gmsd/nicaragua/

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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