Military spending, per unit of GDP in Guyana

Guyana: Military spending, per unit of GDP was 0.0063 constant 2022 US$ per US$ of GDP in 2023. ◆ Volatile

Latest (2023)
0.0063 constant 2022 US$ per US$ of GDP
Change on year
down 6.0%
World rank
152nd
of 170 countries
All-time high
0.1608 constant 2022 US$ per US$ of GDP
in 1986
All-time low
0.0063 constant 2022 US$ per US$ of GDP
in 2023
Years of data
58
1966–2023

Military spending, per unit of GDP in Guyana, 1966–2023

00.050.10.15196619942023

Source: Statizoid (derived). Measured in constant 2022 US$ per US$ of GDP.

Analysis

The most recent figure for military spending, per unit of gdp in Guyana is 0.0063 constant 2022 US$ per US$ of GDP, measured in 2023. That is the lowest value across all 58 years on record.

The figure is down 6.0% on the previous year and down 35.5% over ten years.

Over the whole period, military spending, per unit of gdp in Guyana peaked at 0.1608 constant 2022 US$ per US$ of GDP in 1986 and was at its lowest, 0.0063 constant 2022 US$ per US$ of GDP, in 2023.

That places Guyana 152nd out of 170 countries with data for 2023, putting it in the bottom quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Military spending, per unit of GDP in Guyana, year by year

Annual values for Military spending, per unit of GDP in Guyana, 1966 to 2023.
Year constant 2022 US$ per US$ of GDP Change
1966 0.0377 constant 2022 US$ per US$ of GDP
1967 0.0542 constant 2022 US$ per US$ of GDP +43.9%
1968 0.0499 constant 2022 US$ per US$ of GDP -7.9%
1969 0.049 constant 2022 US$ per US$ of GDP -1.8%
1970 0.0601 constant 2022 US$ per US$ of GDP +22.7%
1971 0.0627 constant 2022 US$ per US$ of GDP +4.2%
1972 0.0669 constant 2022 US$ per US$ of GDP +6.7%
1973 0.0687 constant 2022 US$ per US$ of GDP +2.8%
1974 0.0684 constant 2022 US$ per US$ of GDP -0.4%
1975 0.0981 constant 2022 US$ per US$ of GDP +43.3%
1976 0.1446 constant 2022 US$ per US$ of GDP +47.4%
1977 0.1223 constant 2022 US$ per US$ of GDP -15.4%
1978 0.0988 constant 2022 US$ per US$ of GDP -19.3%
1979 0.0914 constant 2022 US$ per US$ of GDP -7.4%
1980 0.0784 constant 2022 US$ per US$ of GDP -14.3%
1981 0.0786 constant 2022 US$ per US$ of GDP +0.2%
1982 0.1001 constant 2022 US$ per US$ of GDP +27.3%
1983 0.098 constant 2022 US$ per US$ of GDP -2.1%
1984 0.1213 constant 2022 US$ per US$ of GDP +23.8%
1985 0.1459 constant 2022 US$ per US$ of GDP +20.2%
1986 0.1608 constant 2022 US$ per US$ of GDP +10.2%
1987 0.0671 constant 2022 US$ per US$ of GDP -58.3%
1988 0.0476 constant 2022 US$ per US$ of GDP -29.0%
1989 0.0284 constant 2022 US$ per US$ of GDP -40.5%
1990 0.0201 constant 2022 US$ per US$ of GDP -29.2%
1991 0.0197 constant 2022 US$ per US$ of GDP -1.9%
1992 0.0221 constant 2022 US$ per US$ of GDP +12.1%
1993 0.0205 constant 2022 US$ per US$ of GDP -7.0%
1994 0.0202 constant 2022 US$ per US$ of GDP -1.4%
1995 0.0175 constant 2022 US$ per US$ of GDP -13.4%
1996 0.0152 constant 2022 US$ per US$ of GDP -13.1%
1997 0.0147 constant 2022 US$ per US$ of GDP -3.4%
1998 0.0159 constant 2022 US$ per US$ of GDP +8.0%
1999 0.017 constant 2022 US$ per US$ of GDP +6.9%
2000 0.0185 constant 2022 US$ per US$ of GDP +9.0%
2001 0.0171 constant 2022 US$ per US$ of GDP -7.3%
2002 0.0166 constant 2022 US$ per US$ of GDP -3.3%
2003 0.0195 constant 2022 US$ per US$ of GDP +17.5%
2004 0.0239 constant 2022 US$ per US$ of GDP +22.8%
2005 0.028 constant 2022 US$ per US$ of GDP +16.9%
2006 0.0106 constant 2022 US$ per US$ of GDP -62.1%
2007 0.0115 constant 2022 US$ per US$ of GDP +9.0%
2008 0.0123 constant 2022 US$ per US$ of GDP +6.7%
2009 0.0105 constant 2022 US$ per US$ of GDP -14.8%
2010 0.0101 constant 2022 US$ per US$ of GDP -3.4%
2011 0.0101 constant 2022 US$ per US$ of GDP -0.9%
2012 0.0092 constant 2022 US$ per US$ of GDP -8.2%
2013 0.0098 constant 2022 US$ per US$ of GDP +5.8%
2014 0.0109 constant 2022 US$ per US$ of GDP +11.5%
2015 0.0115 constant 2022 US$ per US$ of GDP +5.4%
2016 0.0125 constant 2022 US$ per US$ of GDP +9.1%
2017 0.0146 constant 2022 US$ per US$ of GDP +16.7%
2018 0.0153 constant 2022 US$ per US$ of GDP +4.3%
2019 0.0175 constant 2022 US$ per US$ of GDP +14.6%
2020 0.0163 constant 2022 US$ per US$ of GDP -6.9%
2021 0.0119 constant 2022 US$ per US$ of GDP -27.1%
2022 0.0067 constant 2022 US$ per US$ of GDP -43.5%
2023 0.0063 constant 2022 US$ per US$ of GDP -6.0%

Guyana compared with similar countries

  • Guyana's 0.0063 constant 2022 US$ per US$ of GDP is below the median for high income countries, which is 0.0189 constant 2022 US$ per US$ of GDP, 33% of the median. (55 countries reporting)
  • Guyana's 0.0063 constant 2022 US$ per US$ of GDP is below the median for Latin America & Caribbean, which is 0.0114 constant 2022 US$ per US$ of GDP, 55% of the median. (27 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
1960s 0.0477 constant 2022 US$ per US$ of GDP 0.0377 constant 2022 US$ per US$ of GDP 0.0542 constant 2022 US$ per US$ of GDP 4
1970s 0.0882 constant 2022 US$ per US$ of GDP 0.0601 constant 2022 US$ per US$ of GDP 0.1446 constant 2022 US$ per US$ of GDP 10
1980s 0.0926 constant 2022 US$ per US$ of GDP 0.0284 constant 2022 US$ per US$ of GDP 0.1608 constant 2022 US$ per US$ of GDP 10
1990s 0.0183 constant 2022 US$ per US$ of GDP 0.0147 constant 2022 US$ per US$ of GDP 0.0221 constant 2022 US$ per US$ of GDP 10
2000s 0.0169 constant 2022 US$ per US$ of GDP 0.0105 constant 2022 US$ per US$ of GDP 0.028 constant 2022 US$ per US$ of GDP 10
2010s 0.0122 constant 2022 US$ per US$ of GDP 0.0092 constant 2022 US$ per US$ of GDP 0.0175 constant 2022 US$ per US$ of GDP 10
2020s 0.0103 constant 2022 US$ per US$ of GDP 0.0063 constant 2022 US$ per US$ of GDP 0.0163 constant 2022 US$ per US$ of GDP 4

Countries ranked near Guyana

  1. 149 Costa Rica 0.0069 constant 2022 US$ per US$ of GDP compare
  2. 150 Argentina 0.0069 constant 2022 US$ per US$ of GDP compare
  3. 151 Mexico 0.0067 constant 2022 US$ per US$ of GDP compare
  4. 153 Kazakhstan 0.0063 constant 2022 US$ per US$ of GDP compare
  5. 154 Nicaragua 0.0062 constant 2022 US$ per US$ of GDP compare
  6. 155 Cape Verde 0.0058 constant 2022 US$ per US$ of GDP compare

See the full ranking of 170 places →

More reference data data for Guyana

All data for Guyana →

Frequently asked questions

What is military spending, per unit of gdp in Guyana?
Military spending, per unit of gdp in Guyana was 0.0063 constant 2022 US$ per US$ of GDP in 2023, according to Statizoid (derived).
What is the highest military spending, per unit of gdp recorded in Guyana?
The highest recorded value was 0.1608 constant 2022 US$ per US$ of GDP in 1986.
What is the lowest military spending, per unit of gdp recorded in Guyana?
The lowest recorded value was 0.0063 constant 2022 US$ per US$ of GDP in 2023.
How does Guyana rank for military spending, per unit of gdp?
Guyana ranks 152nd out of 170 countries with data for 2023.
Is military spending, per unit of gdp rising or falling in Guyana?
Over the last ten years it is down 35.5%. The long-run trend across the full record is volatile.
Where does this Guyana data come from?
The figures come from Statizoid (derived), published as part of Military spending, per unit of GDP. Statizoid updates them automatically from the source API.

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Military spending, per unit of GDP in Guyana. Statizoid, drawing on Statizoid (derived). Retrieved 21 September 2026, from https://reference.statizoid.com/stat/military-spending-per-unit-of-gdp-2/guyana/

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How this figure is calculated

Military spending divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.

Military spending ÷ GDP (current US$)

Computed from

Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.

About this data

Indicator
Military spending, per unit of GDP
Unit
constant 2022 US$ per US$ of GDP
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
170 places, 9,064 data points, 1960–2023
Last refreshed

Military spending divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.