Military spending per armed forces personnel in Nepal

Nepal: Military spending per armed forces personnel was 4,320 constant 2024 US$ in 2020. ▲ Rising

Latest (2020)
4,320 constant 2024 US$
Change on year
up 2.7%
World rank
147th
of 160 countries
All-time high
4,427 constant 2024 US$
in 2017
All-time low
1,141 constant 2024 US$
in 1998
Years of data
33
1985–2020

Military spending per armed forces personnel in Nepal, 1985–2020

1.0k2.0k3.0k4.0k1985200220201985: 3.0k constant 2024 US$1989: 2.4k constant 2024 US$1990: 2.5k constant 2024 US$1991: 2.6k constant 2024 US$1992: 2.7k constant 2024 US$1993: 2.8k constant 2024 US$1994: 2.8k constant 2024 US$1995: 1.5k constant 2024 US$1996: 1.3k constant 2024 US$1997: 1.2k constant 2024 US$1998: 1.1k constant 2024 US$1999: 1.2k constant 2024 US$2000: 1.4k constant 2024 US$2001: 1.8k constant 2024 US$2002: 2.3k constant 2024 US$2003: 2.3k constant 2024 US$2004: 2.1k constant 2024 US$2005: 2.4k constant 2024 US$2006: 2.2k constant 2024 US$2007: 2.1k constant 2024 US$2008: 2.3k constant 2024 US$2009: 2.1k constant 2024 US$2010: 2.2k constant 2024 US$2011: 2.3k constant 2024 US$2012: 2.2k constant 2024 US$2013: 2.4k constant 2024 US$2014: 2.7k constant 2024 US$2015: 2.6k constant 2024 US$2016: 2.7k constant 2024 US$2017: 4.4k constant 2024 US$2018: 4.4k constant 2024 US$2019: 4.2k constant 2024 US$2020: 4.3k constant 2024 US$

Source: Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data. Measured in constant 2024 US$.

Analysis

In 2020, military spending per armed forces personnel in Nepal stood at 4,320 constant 2024 US$.

Compared with earlier readings it is up 2.7% on the previous year and up 96.0% over ten years.

Over the whole period, military spending per armed forces personnel in Nepal peaked at 4,427 constant 2024 US$ in 2017 and was at its lowest, 1,141 constant 2024 US$, in 1998.

That places Nepal 147th out of 160 countries with data for 2020, putting it in the bottom quarter.

The long-run direction has been consistently rising across the 33 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1980s 2,695 constant 2024 US$ 2,412 constant 2024 US$ 2,977 constant 2024 US$ 2
1990s 1,975 constant 2024 US$ 1,141 constant 2024 US$ 2,791 constant 2024 US$ 10
2000s 2,099 constant 2024 US$ 1,356 constant 2024 US$ 2,362 constant 2024 US$ 10
2010s 2,995 constant 2024 US$ 2,161 constant 2024 US$ 4,427 constant 2024 US$ 10
2020s 4,320 constant 2024 US$ 4,320 constant 2024 US$ 4,320 constant 2024 US$ 1

Countries ranked near Nepal

  1. 144 Madagascar 4,523 constant 2024 US$ compare
  2. 145 Gambia 4,400 constant 2024 US$ compare
  3. 146 Rwanda 4,381 constant 2024 US$ compare
  4. 148 Sierra Leone 4,236 constant 2024 US$ compare
  5. 149 Djibouti 3,979 constant 2024 US$ compare
  6. 150 Egypt 3,872 constant 2024 US$ compare

See the full ranking of 160 places →

More reference data data for Nepal

All data for Nepal →

Frequently asked questions

What is military spending per armed forces personnel in Nepal?
Military spending per armed forces personnel in Nepal was 4,320 constant 2024 US$ in 2020, according to Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data.
What is the highest military spending per armed forces personnel recorded in Nepal?
The highest recorded value was 4,427 constant 2024 US$ in 2017.
What is the lowest military spending per armed forces personnel recorded in Nepal?
The lowest recorded value was 1,141 constant 2024 US$ in 1998.
How does Nepal rank for military spending per armed forces personnel?
Nepal ranks 147th out of 160 countries with data for 2020.
Is military spending per armed forces personnel rising or falling in Nepal?
Over the last ten years it is up 96.0%. The long-run trend across the full record is rising.
Where does this Nepal data come from?
The figures come from Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data, published as part of Military spending per armed forces personnel. Statizoid updates them automatically from the source API.

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About this data

Indicator
Military spending per armed forces personnel
Unit
constant 2024 US$
Source
Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
160 places, 4,610 data points, 1985–2020
Last refreshed

Total military expenditure divided by armed forces personnel. 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.