Military spending per armed forces personnel in Paraguay

Paraguay: Military spending per armed forces personnel was 14,052 constant 2024 US$ in 2020. ▼ Falling

Latest (2020)
14,052 constant 2024 US$
Change on year
up 5.1%
World rank
111th
of 160 countries
All-time high
23,763 constant 2024 US$
in 1991
All-time low
4,615 constant 2024 US$
in 2003
Years of data
33
1985–2020

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

5.0k10.0k15.0k20.0k25.0k1985200220201985: 20.8k constant 2024 US$1989: 16.0k constant 2024 US$1990: 15.6k constant 2024 US$1991: 23.8k constant 2024 US$1992: 20.0k constant 2024 US$1993: 18.4k constant 2024 US$1994: 17.0k constant 2024 US$1995: 11.2k constant 2024 US$1996: 8.4k constant 2024 US$1997: 6.9k constant 2024 US$1998: 6.5k constant 2024 US$1999: 5.8k constant 2024 US$2000: 5.6k constant 2024 US$2001: 5.4k constant 2024 US$2002: 5.2k constant 2024 US$2003: 4.6k constant 2024 US$2004: 7.6k constant 2024 US$2005: 6.5k constant 2024 US$2006: 7.1k constant 2024 US$2007: 7.3k constant 2024 US$2008: 7.3k constant 2024 US$2009: 8.3k constant 2024 US$2010: 9.2k constant 2024 US$2011: 10.5k constant 2024 US$2012: 12.0k constant 2024 US$2013: 13.2k constant 2024 US$2014: 14.0k constant 2024 US$2015: 15.3k constant 2024 US$2016: 14.2k constant 2024 US$2017: 13.0k constant 2024 US$2018: 13.2k constant 2024 US$2019: 13.4k constant 2024 US$2020: 14.1k constant 2024 US$

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

The most recent figure for military spending per armed forces personnel in Paraguay is 14,052 constant 2024 US$, measured in 2020.

That represents a change of up 5.1% on the previous year and up 52.6% over ten years.

Over the whole period, military spending per armed forces personnel in Paraguay peaked at 23,763 constant 2024 US$ in 1991 and was at its lowest, 4,615 constant 2024 US$, in 2003.

Paraguay ranks 111th of 160 countries on this measure, in the middle of the range.

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

Averages by decade

DecadeAverage LowestHighest Years
1980s 18,402 constant 2024 US$ 16,039 constant 2024 US$ 20,766 constant 2024 US$ 2
1990s 13,349 constant 2024 US$ 5,791 constant 2024 US$ 23,763 constant 2024 US$ 10
2000s 6,498 constant 2024 US$ 4,615 constant 2024 US$ 8,323 constant 2024 US$ 10
2010s 12,810 constant 2024 US$ 9,210 constant 2024 US$ 15,321 constant 2024 US$ 10
2020s 14,052 constant 2024 US$ 14,052 constant 2024 US$ 14,052 constant 2024 US$ 1

Countries ranked near Paraguay

  1. 108 Ghana 14,845 constant 2024 US$ compare
  2. 109 Vietnam 14,806 constant 2024 US$ compare
  3. 110 Indonesia 14,317 constant 2024 US$ compare
  4. 112 Cameroon 13,391 constant 2024 US$ compare
  5. 113 Eswatini 13,082 constant 2024 US$ compare
  6. 114 Lebanon 13,016 constant 2024 US$ compare

See the full ranking of 160 places →

More reference data data for Paraguay

All data for Paraguay →

Frequently asked questions

What is military spending per armed forces personnel in Paraguay?
Military spending per armed forces personnel in Paraguay was 14,052 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 Paraguay?
The highest recorded value was 23,763 constant 2024 US$ in 1991.
What is the lowest military spending per armed forces personnel recorded in Paraguay?
The lowest recorded value was 4,615 constant 2024 US$ in 2003.
How does Paraguay rank for military spending per armed forces personnel?
Paraguay ranks 111th out of 160 countries with data for 2020.
Is military spending per armed forces personnel rising or falling in Paraguay?
Over the last ten years it is up 52.6%. The long-run trend across the full record is falling.
Where does this Paraguay 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.