Military spending in Paraguay
Paraguay: Military spending was 476.41 million constant 2022 US$ in 2023. ◆ Volatile
Latest (2023)
476.41 million constant 2022 US$
Change on year
up 7.2%
World rank
115th
of 172 countries
All-time high
476.41 million constant 2022 US$
in 2023
All-time low
2.11 million constant 2022 US$
in 1882
Years of data
173
1846–2023
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$, in 1882.
Paraguay ranks 115th of 172 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Military spending in Paraguay, year by year
| Year | constant 2022 US$ | Change |
|---|---|---|
| 1846 | 13.95 million constant 2022 US$ | — |
| 1847 | 13.51 million constant 2022 US$ | -3.2% |
| 1848 | 13.64 million constant 2022 US$ | +1.0% |
| 1849 | 12.96 million constant 2022 US$ | -4.9% |
| 1850 | 11.53 million constant 2022 US$ | -11.1% |
| 1851 | 11.26 million constant 2022 US$ | -2.4% |
| 1852 | 11.27 million constant 2022 US$ | +0.2% |
| 1853 | 10.58 million constant 2022 US$ | -6.2% |
| 1854 | 9.72 million constant 2022 US$ | -8.1% |
| 1855 | 8.96 million constant 2022 US$ | -7.8% |
| 1856 | 8.59 million constant 2022 US$ | -4.1% |
| 1857 | 7.42 million constant 2022 US$ | -13.7% |
| 1858 | 7.60 million constant 2022 US$ | +2.4% |
| 1859 | 7.62 million constant 2022 US$ | +0.2% |
| 1860 | 6.94 million constant 2022 US$ | -8.9% |
| 1861 | 5.52 million constant 2022 US$ | -20.5% |
| 1862 | 4.90 million constant 2022 US$ | -11.2% |
| 1863 | 4.32 million constant 2022 US$ | -11.9% |
| 1864 | 3.88 million constant 2022 US$ | -10.1% |
| 1865 | 2.84 million constant 2022 US$ | -26.9% |
| 1866 | 2.84 million constant 2022 US$ | -0.0% |
| 1867 | 2.80 million constant 2022 US$ | -1.4% |
| 1868 | 2.65 million constant 2022 US$ | -5.5% |
| 1869 | 2.76 million constant 2022 US$ | +4.2% |
| 1870 | 2.42 million constant 2022 US$ | -12.4% |
| 1876 | 3.11 million constant 2022 US$ | +28.8% |
| 1877 | 2.71 million constant 2022 US$ | -13.0% |
| 1878 | 3.94 million constant 2022 US$ | +45.3% |
| 1879 | 5.06 million constant 2022 US$ | +28.4% |
| 1880 | 3.67 million constant 2022 US$ | -27.4% |
| 1881 | 2.82 million constant 2022 US$ | -23.0% |
| 1882 | 2.11 million constant 2022 US$ | -25.2% |
| 1883 | 2.18 million constant 2022 US$ | +3.1% |
| 1884 | 2.89 million constant 2022 US$ | +32.7% |
| 1885 | 3.58 million constant 2022 US$ | +23.9% |
| 1886 | 4.17 million constant 2022 US$ | +16.6% |
| 1887 | 5.00 million constant 2022 US$ | +19.7% |
| 1888 | 6.14 million constant 2022 US$ | +22.8% |
| 1889 | 7.15 million constant 2022 US$ | +16.6% |
| 1890 | 11.70 million constant 2022 US$ | +63.5% |
| 1891 | 12.03 million constant 2022 US$ | +2.8% |
| 1892 | 13.63 million constant 2022 US$ | +13.4% |
| 1893 | 14.54 million constant 2022 US$ | +6.7% |
| 1894 | 16.97 million constant 2022 US$ | +16.7% |
| 1895 | 19.67 million constant 2022 US$ | +15.9% |
| 1896 | 21.26 million constant 2022 US$ | +8.1% |
| 1897 | 22.37 million constant 2022 US$ | +5.2% |
| 1898 | 19.25 million constant 2022 US$ | -13.9% |
| 1899 | 16.58 million constant 2022 US$ | -13.9% |
| 1900 | 17.90 million constant 2022 US$ | +8.0% |
| 1901 | 17.22 million constant 2022 US$ | -3.8% |
| 1902 | 18.35 million constant 2022 US$ | +6.6% |
| 1903 | 18.38 million constant 2022 US$ | +0.2% |
| 1904 | 18.61 million constant 2022 US$ | +1.2% |
| 1905 | 17.70 million constant 2022 US$ | -4.8% |
| 1906 | 15.59 million constant 2022 US$ | -11.9% |
| 1907 | 16.90 million constant 2022 US$ | +8.4% |
| 1908 | 17.20 million constant 2022 US$ | +1.7% |
| 1909 | 20.07 million constant 2022 US$ | +16.7% |
| 1910 | 19.10 million constant 2022 US$ | -4.8% |
| 1911 | 20.01 million constant 2022 US$ | +4.8% |
| 1912 | 23.83 million constant 2022 US$ | +19.1% |
| 1913 | 25.32 million constant 2022 US$ | +6.3% |
| 1914 | 19.45 million constant 2022 US$ | -23.2% |
| 1915 | 15.22 million constant 2022 US$ | -21.7% |
| 1916 | 13.32 million constant 2022 US$ | -12.5% |
| 1917 | 10.22 million constant 2022 US$ | -23.3% |
| 1918 | 8.65 million constant 2022 US$ | -15.3% |
| 1919 | 5.98 million constant 2022 US$ | -30.9% |
| 1920 | 4.42 million constant 2022 US$ | -26.1% |
| 1921 | 5.69 million constant 2022 US$ | +28.6% |
| 1922 | 6.70 million constant 2022 US$ | +17.8% |
| 1923 | 8.57 million constant 2022 US$ | +27.9% |
| 1924 | 10.11 million constant 2022 US$ | +18.0% |
| 1925 | 12.57 million constant 2022 US$ | +24.3% |
| 1926 | 14.17 million constant 2022 US$ | +12.7% |
| 1927 | 16.35 million constant 2022 US$ | +15.4% |
| 1928 | 18.88 million constant 2022 US$ | +15.5% |
| 1929 | 20.62 million constant 2022 US$ | +9.2% |
| 1930 | 22.28 million constant 2022 US$ | +8.1% |
| 1931 | 22.71 million constant 2022 US$ | +1.9% |
| 1932 | 27.49 million constant 2022 US$ | +21.0% |
| 1933 | 27.45 million constant 2022 US$ | -0.1% |
| 1934 | 51.72 million constant 2022 US$ | +88.4% |
| 1935 | 34.62 million constant 2022 US$ | -33.1% |
| 1936 | 27.55 million constant 2022 US$ | -20.4% |
| 1937 | 27.56 million constant 2022 US$ | +0.0% |
| 1938 | 31.29 million constant 2022 US$ | +13.5% |
| 1939 | 29.70 million constant 2022 US$ | -5.1% |
| 1940 | 35.14 million constant 2022 US$ | +18.3% |
| 1941 | 34.69 million constant 2022 US$ | -1.3% |
| 1942 | 35.63 million constant 2022 US$ | +2.7% |
| 1943 | 34.56 million constant 2022 US$ | -3.0% |
| 1944 | 38.43 million constant 2022 US$ | +11.2% |
| 1945 | 40.93 million constant 2022 US$ | +6.5% |
| 1946 | 37.40 million constant 2022 US$ | -8.6% |
| 1947 | 70.93 million constant 2022 US$ | +89.7% |
| 1948 | 79.63 million constant 2022 US$ | +12.3% |
| 1949 | 102.81 million constant 2022 US$ | +29.1% |
| 1950 | 101.43 million constant 2022 US$ | -1.3% |
| 1951 | 107.42 million constant 2022 US$ | +5.9% |
| 1952 | 108.33 million constant 2022 US$ | +0.9% |
| 1953 | 117.94 million constant 2022 US$ | +8.9% |
| 1954 | 121.29 million constant 2022 US$ | +2.8% |
| 1955 | 98.70 million constant 2022 US$ | -18.6% |
| 1956 | 47.97 million constant 2022 US$ | -51.4% |
| 1957 | 44.12 million constant 2022 US$ | -8.0% |
| 1958 | 44.79 million constant 2022 US$ | +1.5% |
| 1959 | 39.42 million constant 2022 US$ | -12.0% |
| 1960 | 40.75 million constant 2022 US$ | +3.4% |
| 1961 | 44.44 million constant 2022 US$ | +9.0% |
| 1962 | 47.60 million constant 2022 US$ | +7.1% |
| 1963 | 51.75 million constant 2022 US$ | +8.7% |
| 1964 | 67.75 million constant 2022 US$ | +30.9% |
| 1965 | 77.25 million constant 2022 US$ | +14.0% |
| 1966 | 77.80 million constant 2022 US$ | +0.7% |
| 1967 | 75.86 million constant 2022 US$ | -2.5% |
| 1968 | 78.23 million constant 2022 US$ | +3.1% |
| 1969 | 80.08 million constant 2022 US$ | +2.4% |
| 1970 | 82.08 million constant 2022 US$ | +2.5% |
| 1971 | 82.47 million constant 2022 US$ | +0.5% |
| 1972 | 89.07 million constant 2022 US$ | +8.0% |
| 1973 | 83.02 million constant 2022 US$ | -6.8% |
| 1974 | 86.21 million constant 2022 US$ | +3.8% |
| 1975 | 99.12 million constant 2022 US$ | +15.0% |
| 1976 | 109.51 million constant 2022 US$ | +10.5% |
| 1977 | 123.30 million constant 2022 US$ | +12.6% |
| 1978 | 132.32 million constant 2022 US$ | +7.3% |
| 1979 | 144.78 million constant 2022 US$ | +9.4% |
| 1980 | 171.59 million constant 2022 US$ | +18.5% |
| 1981 | 197.34 million constant 2022 US$ | +15.0% |
| 1982 | 221.73 million constant 2022 US$ | +12.4% |
| 1983 | 208.11 million constant 2022 US$ | -6.1% |
| 1984 | 168.88 million constant 2022 US$ | -18.8% |
| 1985 | 153.54 million constant 2022 US$ | -9.1% |
| 1986 | 185.91 million constant 2022 US$ | +21.1% |
| 1987 | 154.18 million constant 2022 US$ | -17.1% |
| 1988 | 163.97 million constant 2022 US$ | +6.3% |
| 1989 | 152.13 million constant 2022 US$ | -7.2% |
| 1990 | 155.06 million constant 2022 US$ | +1.9% |
| 1991 | 199.20 million constant 2022 US$ | +28.5% |
| 1992 | 235.74 million constant 2022 US$ | +18.3% |
| 1993 | 225.84 million constant 2022 US$ | -4.2% |
| 1994 | 217.32 million constant 2022 US$ | -3.8% |
| 1995 | 233.47 million constant 2022 US$ | +7.4% |
| 1996 | 230.05 million constant 2022 US$ | -1.5% |
| 1997 | 231.45 million constant 2022 US$ | +0.6% |
| 1998 | 219.91 million constant 2022 US$ | -5.0% |
| 1999 | 191.25 million constant 2022 US$ | -13.0% |
| 2000 | 152.53 million constant 2022 US$ | -20.2% |
| 2001 | 122.34 million constant 2022 US$ | -19.8% |
| 2002 | 94.69 million constant 2022 US$ | -22.6% |
| 2003 | 78.67 million constant 2022 US$ | -16.9% |
| 2004 | 87.61 million constant 2022 US$ | +11.4% |
| 2005 | 85.79 million constant 2022 US$ | -2.1% |
| 2006 | 104.86 million constant 2022 US$ | +22.2% |
| 2007 | 134.16 million constant 2022 US$ | +27.9% |
| 2008 | 160.71 million constant 2022 US$ | +19.8% |
| 2009 | 172.65 million constant 2022 US$ | +7.4% |
| 2010 | 208.64 million constant 2022 US$ | +20.8% |
| 2011 | 283.83 million constant 2022 US$ | +36.0% |
| 2012 | 364.65 million constant 2022 US$ | +28.5% |
| 2013 | 394.84 million constant 2022 US$ | +8.3% |
| 2014 | 368.02 million constant 2022 US$ | -6.8% |
| 2015 | 361.43 million constant 2022 US$ | -1.8% |
| 2016 | 345.64 million constant 2022 US$ | -4.4% |
| 2017 | 373.88 million constant 2022 US$ | +8.2% |
| 2018 | 404.35 million constant 2022 US$ | +8.2% |
| 2019 | 423.92 million constant 2022 US$ | +4.8% |
| 2020 | 435.06 million constant 2022 US$ | +2.6% |
| 2021 | 450.88 million constant 2022 US$ | +3.6% |
| 2022 | 444.56 million constant 2022 US$ | -1.4% |
| 2023 | 476.41 million constant 2022 US$ | +7.2% |
Paraguay compared with similar countries
- Paraguay's 476.41 million constant 2022 US$ is below the median for upper middle income countries, which is 1.25 billion constant 2022 US$, 38% of the median. (49 countries reporting)
- Paraguay's 476.41 million constant 2022 US$ is below the median for Latin America & Caribbean, which is 509.92 million constant 2022 US$, 93% of the median. (27 countries reporting)
Biggest year-on-year movements
Years where Military spending in Paraguay changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1947 | +89.7% | 37.40 million constant 2022 US$ | 70.93 million constant 2022 US$ |
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
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.3166 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 5.23 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 7.18 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.6344 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 7.18 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 1.06 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.5539 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 29.48 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 38.68 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 3.45 (2050)
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.
Download this data
CSV · JSON — 173 observations, free to reuse under CC BY 4.0 (Our World in Data).
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.