Military spending, per unit of GDP in Nigeria

Nigeria: Military spending, per unit of GDP was 0.0083 constant 2022 US$ per US$ of GDP in 2023. ◆ Volatile

Latest (2023)
0.0083 constant 2022 US$ per US$ of GDP
Change on year
up 37.8%
World rank
140th
of 170 countries
All-time high
0.5685 constant 2022 US$ per US$ of GDP
in 1969
All-time low
0.0042 constant 2022 US$ per US$ of GDP
in 2019
Years of data
64
1960–2023

Military spending, per unit of GDP in Nigeria, 1960–2023

00.20.40.6196019912023

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

Analysis

Nigeria recorded 0.0083 constant 2022 US$ per US$ of GDP for military spending, per unit of gdp in 2023.

Compared with earlier readings it is up 37.8% on the previous year and up 74.1% over ten years.

Over the whole period, military spending, per unit of gdp in Nigeria peaked at 0.5685 constant 2022 US$ per US$ of GDP in 1969 and was at its lowest, 0.0042 constant 2022 US$ per US$ of GDP, in 2019.

Nigeria ranks 140th of 170 countries on this measure, 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 Nigeria, year by year

Annual values for Military spending, per unit of GDP in Nigeria, 1960 to 2023.
Year constant 2022 US$ per US$ of GDP Change
1960 0.037 constant 2022 US$ per US$ of GDP
1961 0.0467 constant 2022 US$ per US$ of GDP +26.0%
1962 0.0541 constant 2022 US$ per US$ of GDP +15.9%
1963 0.0613 constant 2022 US$ per US$ of GDP +13.3%
1964 0.0684 constant 2022 US$ per US$ of GDP +11.6%
1965 0.0725 constant 2022 US$ per US$ of GDP +5.9%
1966 0.065 constant 2022 US$ per US$ of GDP -10.3%
1967 0.2103 constant 2022 US$ per US$ of GDP +223.6%
1968 0.3471 constant 2022 US$ per US$ of GDP +65.0%
1969 0.5685 constant 2022 US$ per US$ of GDP +63.8%
1970 0.2183 constant 2022 US$ per US$ of GDP -61.6%
1971 0.2896 constant 2022 US$ per US$ of GDP +32.7%
1972 0.2886 constant 2022 US$ per US$ of GDP -0.4%
1973 0.2218 constant 2022 US$ per US$ of GDP -23.1%
1974 0.1352 constant 2022 US$ per US$ of GDP -39.0%
1975 0.2192 constant 2022 US$ per US$ of GDP +62.1%
1976 0.1715 constant 2022 US$ per US$ of GDP -21.8%
1977 0.1758 constant 2022 US$ per US$ of GDP +2.5%
1978 0.1483 constant 2022 US$ per US$ of GDP -15.6%
1979 0.104 constant 2022 US$ per US$ of GDP -29.9%
1980 0.0721 constant 2022 US$ per US$ of GDP -30.6%
1981 0.0163 constant 2022 US$ per US$ of GDP -77.4%
1982 0.0186 constant 2022 US$ per US$ of GDP +13.7%
1983 0.0218 constant 2022 US$ per US$ of GDP +17.3%
1984 0.0222 constant 2022 US$ per US$ of GDP +1.8%
1985 0.0184 constant 2022 US$ per US$ of GDP -16.9%
1986 0.0162 constant 2022 US$ per US$ of GDP -12.2%
1987 0.0088 constant 2022 US$ per US$ of GDP -45.3%
1988 0.0093 constant 2022 US$ per US$ of GDP +5.0%
1989 0.0101 constant 2022 US$ per US$ of GDP +8.6%
1990 0.0087 constant 2022 US$ per US$ of GDP -13.3%
1991 0.0068 constant 2022 US$ per US$ of GDP -21.9%
1992 0.0081 constant 2022 US$ per US$ of GDP +19.3%
1993 0.0078 constant 2022 US$ per US$ of GDP -4.3%
1994 0.0149 constant 2022 US$ per US$ of GDP +91.7%
1995 0.0114 constant 2022 US$ per US$ of GDP -23.9%
1996 0.0099 constant 2022 US$ per US$ of GDP -13.3%
1997 0.0096 constant 2022 US$ per US$ of GDP -2.3%
1998 0.0095 constant 2022 US$ per US$ of GDP -1.0%
1999 0.0301 constant 2022 US$ per US$ of GDP +215.9%
2000 0.0141 constant 2022 US$ per US$ of GDP -53.0%
2001 0.0135 constant 2022 US$ per US$ of GDP -4.7%
2002 0.0127 constant 2022 US$ per US$ of GDP -6.0%
2003 0.0095 constant 2022 US$ per US$ of GDP -25.4%
2004 0.0074 constant 2022 US$ per US$ of GDP -21.7%
2005 0.006 constant 2022 US$ per US$ of GDP -19.1%
2006 0.0046 constant 2022 US$ per US$ of GDP -22.8%
2007 0.0047 constant 2022 US$ per US$ of GDP +2.2%
2008 0.005 constant 2022 US$ per US$ of GDP +6.2%
2009 0.0062 constant 2022 US$ per US$ of GDP +22.6%
2010 0.0057 constant 2022 US$ per US$ of GDP -8.1%
2011 0.0058 constant 2022 US$ per US$ of GDP +2.2%
2012 0.0053 constant 2022 US$ per US$ of GDP -8.2%
2013 0.0048 constant 2022 US$ per US$ of GDP -9.7%
2014 0.0044 constant 2022 US$ per US$ of GDP -7.5%
2015 0.0047 constant 2022 US$ per US$ of GDP +6.7%
2016 0.0051 constant 2022 US$ per US$ of GDP +7.6%
2017 0.0058 constant 2022 US$ per US$ of GDP +13.2%
2018 0.0057 constant 2022 US$ per US$ of GDP -1.7%
2019 0.0042 constant 2022 US$ per US$ of GDP -26.6%
2020 0.0055 constant 2022 US$ per US$ of GDP +32.7%
2021 0.0067 constant 2022 US$ per US$ of GDP +21.1%
2022 0.0061 constant 2022 US$ per US$ of GDP -9.3%
2023 0.0083 constant 2022 US$ per US$ of GDP +37.8%

Nigeria compared with similar countries

  • Nigeria's 0.0083 constant 2022 US$ per US$ of GDP is below the median for lower middle income countries, which is 0.0153 constant 2022 US$ per US$ of GDP, 55% of the median. (42 countries reporting)
  • Nigeria's 0.0083 constant 2022 US$ per US$ of GDP is below the median for Sub-Saharan Africa, which is 0.0159 constant 2022 US$ per US$ of GDP, 53% of the median. (46 countries reporting)

Biggest year-on-year movements

Years where Military spending, per unit of GDP in Nigeria 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.

YearChange FromTo
1967 +223.6% 0.065 constant 2022 US$ per US$ of GDP 0.2103 constant 2022 US$ per US$ of GDP
1999 +215.9% 0.0095 constant 2022 US$ per US$ of GDP 0.0301 constant 2022 US$ per US$ of GDP

Averages by decade

DecadeAverage LowestHighest Years
1960s 0.1531 constant 2022 US$ per US$ of GDP 0.037 constant 2022 US$ per US$ of GDP 0.5685 constant 2022 US$ per US$ of GDP 10
1970s 0.1972 constant 2022 US$ per US$ of GDP 0.104 constant 2022 US$ per US$ of GDP 0.2896 constant 2022 US$ per US$ of GDP 10
1980s 0.0214 constant 2022 US$ per US$ of GDP 0.0088 constant 2022 US$ per US$ of GDP 0.0721 constant 2022 US$ per US$ of GDP 10
1990s 0.0117 constant 2022 US$ per US$ of GDP 0.0068 constant 2022 US$ per US$ of GDP 0.0301 constant 2022 US$ per US$ of GDP 10
2000s 0.0084 constant 2022 US$ per US$ of GDP 0.0046 constant 2022 US$ per US$ of GDP 0.0141 constant 2022 US$ per US$ of GDP 10
2010s 0.0051 constant 2022 US$ per US$ of GDP 0.0042 constant 2022 US$ per US$ of GDP 0.0058 constant 2022 US$ per US$ of GDP 10
2020s 0.0066 constant 2022 US$ per US$ of GDP 0.0055 constant 2022 US$ per US$ of GDP 0.0083 constant 2022 US$ per US$ of GDP 4

Countries ranked near Nigeria

  1. 137 Liberia 0.009 constant 2022 US$ per US$ of GDP compare
  2. 138 Indonesia 0.0085 constant 2022 US$ per US$ of GDP compare
  3. 139 Ethiopia 0.0084 constant 2022 US$ per US$ of GDP compare
  4. 141 Bosnia and Herzegovina 0.0083 constant 2022 US$ per US$ of GDP compare
  5. 142 Dominican Republic 0.0082 constant 2022 US$ per US$ of GDP compare
  6. 143 Switzerland 0.008 constant 2022 US$ per US$ of GDP compare

See the full ranking of 170 places →

More reference data data for Nigeria

All data for Nigeria →

Frequently asked questions

What is military spending, per unit of gdp in Nigeria?
Military spending, per unit of gdp in Nigeria was 0.0083 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 Nigeria?
The highest recorded value was 0.5685 constant 2022 US$ per US$ of GDP in 1969.
What is the lowest military spending, per unit of gdp recorded in Nigeria?
The lowest recorded value was 0.0042 constant 2022 US$ per US$ of GDP in 2019.
How does Nigeria rank for military spending, per unit of gdp?
Nigeria ranks 140th out of 170 countries with data for 2023.
Is military spending, per unit of gdp rising or falling in Nigeria?
Over the last ten years it is up 74.1%. The long-run trend across the full record is volatile.
Where does this Nigeria 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 Nigeria. Statizoid, drawing on Statizoid (derived). Retrieved 21 September 2026, from https://reference.statizoid.com/stat/military-spending-per-unit-of-gdp-2/nigeria/

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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.