Military spending gmsd in Nigeria
Nigeria: Military spending gmsd was 4.07 billion in 2023. ◆ Volatile
Latest (2023)
4.07 billion
Change on year
up 3.8%
World rank
56th
of 172 countries
All-time high
6.33 billion
in 1977
All-time low
155.35 million
in 1960
Years of data
64
1960–2023
Military spending gmsd in Nigeria, 1960–2023
Source: Our World in Data.
Analysis
In 2023, military spending gmsd in Nigeria stood at 4.07 billion.
The figure is up 3.8% on the previous year and up 63.2% over ten years.
Over the whole period, military spending gmsd in Nigeria peaked at 6.33 billion in 1977 and was at its lowest, 155.35 million, in 1960.
Nigeria ranks 56th 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 Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1960 | 155.35 million | — |
| 1961 | 208.41 million | +34.2% |
| 1962 | 265.54 million | +27.4% |
| 1963 | 316.56 million | +19.2% |
| 1964 | 379.91 million | +20.0% |
| 1965 | 425.75 million | +12.1% |
| 1966 | 413.81 million | -2.8% |
| 1967 | 1.09 billion | +164.5% |
| 1968 | 1.81 billion | +65.0% |
| 1969 | 3.77 billion | +108.9% |
| 1970 | 2.74 billion | -27.4% |
| 1971 | 2.66 billion | -2.9% |
| 1972 | 3.54 billion | +33.2% |
| 1973 | 3.36 billion | -5.1% |
| 1974 | 3.36 billion | -0.1% |
| 1975 | 6.09 billion | +81.2% |
| 1976 | 6.23 billion | +2.2% |
| 1977 | 6.33 billion | +1.8% |
| 1978 | 5.42 billion | -14.5% |
| 1979 | 4.91 billion | -9.3% |
| 1980 | 4.63 billion | -5.8% |
| 1981 | 2.68 billion | -42.0% |
| 1982 | 2.65 billion | -1.3% |
| 1983 | 2.11 billion | -20.2% |
| 1984 | 1.63 billion | -23.0% |
| 1985 | 1.36 billion | -16.6% |
| 1986 | 885.15 million | -34.8% |
| 1987 | 465.74 million | -47.4% |
| 1988 | 461.00 million | -1.0% |
| 1989 | 443.60 million | -3.8% |
| 1990 | 472.09 million | +6.4% |
| 1991 | 406.19 million | -14.0% |
| 1992 | 423.89 million | +4.4% |
| 1993 | 441.95 million | +4.3% |
| 1994 | 1.20 billion | +171.8% |
| 1995 | 1.60 billion | +33.4% |
| 1996 | 1.83 billion | +14.3% |
| 1997 | 1.93 billion | +5.6% |
| 1998 | 2.08 billion | +7.6% |
| 1999 | 1.78 billion | -14.5% |
| 2000 | 978.24 million | -45.1% |
| 2001 | 991.58 million | +1.4% |
| 2002 | 1.20 billion | +21.4% |
| 2003 | 990.29 million | -17.8% |
| 2004 | 1.01 billion | +1.5% |
| 2005 | 1.05 billion | +4.7% |
| 2006 | 1.10 billion | +4.9% |
| 2007 | 1.32 billion | +19.3% |
| 2008 | 1.70 billion | +29.6% |
| 2009 | 1.82 billion | +6.5% |
| 2010 | 2.08 billion | +14.4% |
| 2011 | 2.40 billion | +15.4% |
| 2012 | 2.46 billion | +2.7% |
| 2013 | 2.49 billion | +1.2% |
| 2014 | 2.54 billion | +2.1% |
| 2015 | 2.33 billion | -8.4% |
| 2016 | 2.06 billion | -11.7% |
| 2017 | 2.16 billion | +5.1% |
| 2018 | 2.39 billion | +10.4% |
| 2019 | 2.78 billion | +16.3% |
| 2020 | 3.30 billion | +18.9% |
| 2021 | 4.07 billion | +23.2% |
| 2022 | 3.92 billion | -3.7% |
| 2023 | 4.07 billion | +3.8% |
Nigeria compared with similar countries
- Nigeria's 4.07 billion is above the median for lower middle income countries, which is 485.52 million, 8.4× the median. (42 countries reporting)
- Nigeria's 4.07 billion is above the median for Sub-Saharan Africa, which is 350.64 million, 11.6× the median. (46 countries reporting)
Biggest year-on-year movements
Years where Military spending gmsd in Nigeria 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.
| Year | Change | From | To |
|---|---|---|---|
| 1994 | +171.8% | 441.95 million | 1.20 billion |
| 1967 | +164.5% | 413.81 million | 1.09 billion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 883.67 million | 155.35 million | 3.77 billion | 10 |
| 1970s | 4.46 billion | 2.66 billion | 6.33 billion | 10 |
| 1980s | 1.73 billion | 443.60 million | 4.63 billion | 10 |
| 1990s | 1.22 billion | 406.19 million | 2.08 billion | 10 |
| 2000s | 1.22 billion | 978.24 million | 1.82 billion | 10 |
| 2010s | 2.37 billion | 2.06 billion | 2.78 billion | 10 |
| 2020s | 3.84 billion | 3.30 billion | 4.07 billion | 4 |
Countries ranked near Nigeria
- 53 Malaysia 4.68 billion compare
- 54 Argentina 4.45 billion compare
- 55 Hungary 4.10 billion compare
- 57 Azerbaijan 3.76 billion compare
- 58 South Africa 3.63 billion compare
- 59 New Zealand 3.61 billion compare
More reference data data for Nigeria
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 1.77 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 19.51 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 27 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 2.62 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 27 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 5.94 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 5.8 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 81.9 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 121.16 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 14.27 (2050)
Frequently asked questions
- What is military spending gmsd in Nigeria?
- Military spending gmsd in Nigeria was 4.07 billion in 2023, according to Our World in Data.
- What is the highest military spending gmsd recorded in Nigeria?
- The highest recorded value was 6.33 billion in 1977.
- What is the lowest military spending gmsd recorded in Nigeria?
- The lowest recorded value was 155.35 million in 1960.
- How does Nigeria rank for military spending gmsd?
- Nigeria ranks 56th out of 172 countries with data for 2023.
- Is military spending gmsd rising or falling in Nigeria?
- Over the last ten years it is up 63.2%. The long-run trend across the full record is volatile.
- Where does this Nigeria 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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