Military spending in Paraguay
Paraguay: Military spending was 476.41 million constant 2022 US$ in 2023. ◆ Volatile
Military spending in Paraguay, 1846–2023
Source: Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data. Measured in constant 2022 US$.
Analysis
The most recent figure for military spending in Paraguay is 476.41 million constant 2022 US$, measured in 2023. That is the highest value across all 173 years on record.
Compared with earlier readings it is up 7.2% on the previous year and up 20.7% over ten years.
Over the whole period, military spending in Paraguay peaked at 476.41 million constant 2022 US$ in 2023 and was at its lowest, 2.11 million constant 2022 US$, in 1882.
Paraguay ranks 115th of 172 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1840s | 13.51 million constant 2022 US$ | 12.96 million constant 2022 US$ | 13.95 million constant 2022 US$ | 4 |
| 1850s | 9.45 million constant 2022 US$ | 7.42 million constant 2022 US$ | 11.53 million constant 2022 US$ | 10 |
| 1860s | 3.94 million constant 2022 US$ | 2.65 million constant 2022 US$ | 6.94 million constant 2022 US$ | 10 |
| 1870s | 3.45 million constant 2022 US$ | 2.42 million constant 2022 US$ | 5.06 million constant 2022 US$ | 5 |
| 1880s | 3.97 million constant 2022 US$ | 2.11 million constant 2022 US$ | 7.15 million constant 2022 US$ | 10 |
| 1890s | 16.80 million constant 2022 US$ | 11.70 million constant 2022 US$ | 22.37 million constant 2022 US$ | 10 |
| 1900s | 17.79 million constant 2022 US$ | 15.59 million constant 2022 US$ | 20.07 million constant 2022 US$ | 10 |
| 1910s | 16.11 million constant 2022 US$ | 5.98 million constant 2022 US$ | 25.32 million constant 2022 US$ | 10 |
| 1920s | 11.81 million constant 2022 US$ | 4.42 million constant 2022 US$ | 20.62 million constant 2022 US$ | 10 |
| 1930s | 30.24 million constant 2022 US$ | 22.28 million constant 2022 US$ | 51.72 million constant 2022 US$ | 10 |
| 1940s | 51.01 million constant 2022 US$ | 34.56 million constant 2022 US$ | 102.81 million constant 2022 US$ | 10 |
| 1950s | 83.14 million constant 2022 US$ | 39.42 million constant 2022 US$ | 121.29 million constant 2022 US$ | 10 |
| 1960s | 64.15 million constant 2022 US$ | 40.75 million constant 2022 US$ | 80.08 million constant 2022 US$ | 10 |
| 1970s | 103.19 million constant 2022 US$ | 82.08 million constant 2022 US$ | 144.78 million constant 2022 US$ | 10 |
| 1980s | 177.74 million constant 2022 US$ | 152.13 million constant 2022 US$ | 221.73 million constant 2022 US$ | 10 |
| 1990s | 213.93 million constant 2022 US$ | 155.06 million constant 2022 US$ | 235.74 million constant 2022 US$ | 10 |
| 2000s | 119.40 million constant 2022 US$ | 78.67 million constant 2022 US$ | 172.65 million constant 2022 US$ | 10 |
| 2010s | 352.92 million constant 2022 US$ | 208.64 million constant 2022 US$ | 423.92 million constant 2022 US$ | 10 |
| 2020s | 451.73 million constant 2022 US$ | 435.06 million constant 2022 US$ | 476.41 million constant 2022 US$ | 4 |
Countries ranked near Paraguay
- 112 Guinea 507.79 million constant 2022 US$ compare
- 113 Georgia 498.02 million constant 2022 US$ compare
- 114 Guatemala 494.92 million constant 2022 US$ compare
- 116 Namibia 463.26 million constant 2022 US$ compare
- 117 Kyrgyzstan 439.89 million constant 2022 US$ compare
- 118 Zambia 421.22 million constant 2022 US$ compare
More reference data data for Paraguay
- Spring temperature anomalies 1.44 °C (2026)
- Summer temperature anomalies -1.58 °C (2026)
- Temperature anomalies by month 0.0626 °C (2026)
- Universal right to vote in practice 2 (2025)
- Autumn temperature anomalies 1.42 °C (2025)
- Winter temperature anomalies -0.3055 °C (2025)
- Consumer price index 190.29 2010 = 100 (2025)
- Universal right to vote 2 (2025)
- Competitive elections 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is military spending in Paraguay?
- Military spending in Paraguay was 476.41 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 Paraguay?
- The highest recorded value was 476.41 million constant 2022 US$ in 2023.
- What is the lowest military spending recorded in Paraguay?
- The lowest recorded value was 2.11 million constant 2022 US$ in 1882.
- How does Paraguay rank for military spending?
- Paraguay ranks 115th out of 172 countries with data for 2023.
- Is military spending rising or falling in Paraguay?
- Over the last ten years it is up 20.7%. The long-run trend across the full record is volatile.
- Where does this Paraguay 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.
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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.