Military spending in Nepal
Nepal: Military spending was 429.02 million constant 2024 US$ in 2025. ◆ Volatile
Latest (2025)
429.02 million constant 2024 US$
Change on year
down 1.6%
World rank
112th
of 162 countries
All-time high
495.78 million constant 2024 US$
in 2017
All-time low
22.52 million constant 2024 US$
in 1970
Years of data
56
1970–2025
Military spending in Nepal, 1970–2025
Source: Stockholm International Peace Research Institute (2026) – with minor processing by Our World in Data. Measured in constant 2024 US$.
Analysis
Nepal recorded 429.02 million constant 2024 US$ for military spending in 2025.
Compared with earlier readings it is down 1.6% on the previous year and up 5.8% over ten years.
Over the whole period, military spending in Nepal peaked at 495.78 million constant 2024 US$ in 2017 and was at its lowest, 22.52 million constant 2024 US$, in 1970.
Nepal ranks 112th of 162 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Military spending in Nepal, year by year
| Year | constant 2024 US$ | Change |
|---|---|---|
| 1970 | 22.52 million constant 2024 US$ | — |
| 1971 | 26.11 million constant 2024 US$ | +15.9% |
| 1972 | 26.60 million constant 2024 US$ | +1.8% |
| 1973 | 27.15 million constant 2024 US$ | +2.1% |
| 1974 | 26.99 million constant 2024 US$ | -0.6% |
| 1975 | 32.58 million constant 2024 US$ | +20.7% |
| 1976 | 43.09 million constant 2024 US$ | +32.3% |
| 1977 | 43.60 million constant 2024 US$ | +1.2% |
| 1978 | 44.30 million constant 2024 US$ | +1.6% |
| 1979 | 49.32 million constant 2024 US$ | +11.3% |
| 1980 | 49.92 million constant 2024 US$ | +1.2% |
| 1981 | 50.49 million constant 2024 US$ | +1.1% |
| 1982 | 56.33 million constant 2024 US$ | +11.6% |
| 1983 | 62.80 million constant 2024 US$ | +11.5% |
| 1984 | 69.41 million constant 2024 US$ | +10.5% |
| 1985 | 74.43 million constant 2024 US$ | +7.2% |
| 1986 | 74.02 million constant 2024 US$ | -0.6% |
| 1987 | 75.05 million constant 2024 US$ | +1.4% |
| 1988 | 77.53 million constant 2024 US$ | +3.3% |
| 1989 | 84.42 million constant 2024 US$ | +8.9% |
| 1990 | 87.95 million constant 2024 US$ | +4.2% |
| 1991 | 90.19 million constant 2024 US$ | +2.5% |
| 1992 | 93.69 million constant 2024 US$ | +3.9% |
| 1993 | 97.68 million constant 2024 US$ | +4.3% |
| 1994 | 97.08 million constant 2024 US$ | -0.6% |
| 1995 | 96.00 million constant 2024 US$ | -1.1% |
| 1996 | 95.50 million constant 2024 US$ | -0.5% |
| 1997 | 101.17 million constant 2024 US$ | +5.9% |
| 1998 | 102.67 million constant 2024 US$ | +1.5% |
| 1999 | 111.02 million constant 2024 US$ | +8.1% |
| 2000 | 122.07 million constant 2024 US$ | +10.0% |
| 2001 | 157.88 million constant 2024 US$ | +29.3% |
| 2002 | 210.17 million constant 2024 US$ | +33.1% |
| 2003 | 234.29 million constant 2024 US$ | +11.5% |
| 2004 | 279.79 million constant 2024 US$ | +19.4% |
| 2005 | 309.37 million constant 2024 US$ | +10.6% |
| 2006 | 291.13 million constant 2024 US$ | -5.9% |
| 2007 | 280.23 million constant 2024 US$ | -3.7% |
| 2008 | 295.45 million constant 2024 US$ | +5.4% |
| 2009 | 331.38 million constant 2024 US$ | +12.2% |
| 2010 | 347.65 million constant 2024 US$ | +4.9% |
| 2011 | 359.39 million constant 2024 US$ | +3.4% |
| 2012 | 340.94 million constant 2024 US$ | -5.1% |
| 2013 | 373.67 million constant 2024 US$ | +9.6% |
| 2014 | 422.33 million constant 2024 US$ | +13.0% |
| 2015 | 405.58 million constant 2024 US$ | -4.0% |
| 2016 | 430.89 million constant 2024 US$ | +6.2% |
| 2017 | 495.78 million constant 2024 US$ | +15.1% |
| 2018 | 486.44 million constant 2024 US$ | -1.9% |
| 2019 | 471.00 million constant 2024 US$ | -3.2% |
| 2020 | 483.82 million constant 2024 US$ | +2.7% |
| 2021 | 477.69 million constant 2024 US$ | -1.3% |
| 2022 | 478.84 million constant 2024 US$ | +0.2% |
| 2023 | 470.72 million constant 2024 US$ | -1.7% |
| 2024 | 436.04 million constant 2024 US$ | -7.4% |
| 2025 | 429.02 million constant 2024 US$ | -1.6% |
Nepal compared with similar countries
- Nepal's 429.02 million constant 2024 US$ is below the median for lower middle income countries, which is 557.82 million constant 2024 US$, 77% of the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 34.22 million constant 2024 US$ | 22.52 million constant 2024 US$ | 49.32 million constant 2024 US$ | 10 |
| 1980s | 67.44 million constant 2024 US$ | 49.92 million constant 2024 US$ | 84.42 million constant 2024 US$ | 10 |
| 1990s | 97.30 million constant 2024 US$ | 87.95 million constant 2024 US$ | 111.02 million constant 2024 US$ | 10 |
| 2000s | 251.18 million constant 2024 US$ | 122.07 million constant 2024 US$ | 331.38 million constant 2024 US$ | 10 |
| 2010s | 413.37 million constant 2024 US$ | 340.94 million constant 2024 US$ | 495.78 million constant 2024 US$ | 10 |
| 2020s | 462.69 million constant 2024 US$ | 429.02 million constant 2024 US$ | 483.82 million constant 2024 US$ | 6 |
Countries ranked near Nepal
- 109 El Salvador 488.54 million constant 2024 US$ compare
- 110 Niger 449.94 million constant 2024 US$ compare
- 111 Mozambique 445.67 million constant 2024 US$ compare
- 113 Paraguay 405.76 million constant 2024 US$ compare
- 114 Namibia 386.27 million constant 2024 US$ compare
- 115 Ghana 385.16 million constant 2024 US$ compare
More reference data data for Nepal
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.7753 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 2.5 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 4.14 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.7853 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 4.14 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 2.6 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.7974 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 11.28 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 19.44 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 4.28 (2050)
Frequently asked questions
- What is military spending in Nepal?
- Military spending in Nepal was 429.02 million constant 2024 US$ in 2025, according to Stockholm International Peace Research Institute (2026) – with minor processing by Our World in Data.
- What is the highest military spending recorded in Nepal?
- The highest recorded value was 495.78 million constant 2024 US$ in 2017.
- What is the lowest military spending recorded in Nepal?
- The lowest recorded value was 22.52 million constant 2024 US$ in 1970.
- How does Nepal rank for military spending?
- Nepal ranks 112th out of 162 countries with data for 2025.
- Is military spending rising or falling in Nepal?
- Over the last ten years it is up 5.8%. The long-run trend across the full record is volatile.
- Where does this Nepal data come from?
- The figures come from Stockholm International Peace Research Institute (2026) – with minor processing by Our World in Data, published as part of Military spending. Statizoid updates them automatically from the source API.
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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.