Military spending in Paraguay
Paraguay: Military spending was 405.76 million constant 2024 US$ in 2025. ▲ Rising
Latest (2025)
405.76 million constant 2024 US$
Change on year
down 1.9%
World rank
113th
of 162 countries
All-time high
413.83 million constant 2024 US$
in 2024
All-time low
45.00 million constant 2024 US$
in 1961
Years of data
66
1960–2025
Military spending in Paraguay, 1960–2025
Source: Stockholm International Peace Research Institute (2026) – with minor processing by Our World in Data. Measured in constant 2024 US$.
Analysis
Paraguay recorded 405.76 million constant 2024 US$ for military spending in 2025.
Compared with earlier readings it is down 1.9% on the previous year and up 4.1% over ten years.
Over the whole period, military spending in Paraguay peaked at 413.83 million constant 2024 US$ in 2024 and was at its lowest, 45.00 million constant 2024 US$, in 1961.
That places Paraguay 113th out of 162 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 66 years of available data.
Military spending in Paraguay, year by year
| Year | constant 2024 US$ | Change |
|---|---|---|
| 1960 | 51.40 million constant 2024 US$ | — |
| 1961 | 45.00 million constant 2024 US$ | -12.5% |
| 1962 | 51.09 million constant 2024 US$ | +13.5% |
| 1963 | 55.68 million constant 2024 US$ | +9.0% |
| 1964 | 58.54 million constant 2024 US$ | +5.1% |
| 1965 | 67.07 million constant 2024 US$ | +14.6% |
| 1966 | 75.86 million constant 2024 US$ | +13.1% |
| 1967 | 82.26 million constant 2024 US$ | +8.4% |
| 1968 | 90.89 million constant 2024 US$ | +10.5% |
| 1969 | 95.50 million constant 2024 US$ | +5.1% |
| 1970 | 104.21 million constant 2024 US$ | +9.1% |
| 1971 | 106.66 million constant 2024 US$ | +2.4% |
| 1972 | 135.83 million constant 2024 US$ | +27.4% |
| 1973 | 129.04 million constant 2024 US$ | -5.0% |
| 1974 | 104.77 million constant 2024 US$ | -18.8% |
| 1975 | 135.85 million constant 2024 US$ | +29.7% |
| 1976 | 139.81 million constant 2024 US$ | +2.9% |
| 1977 | 151.70 million constant 2024 US$ | +8.5% |
| 1978 | 171.77 million constant 2024 US$ | +13.2% |
| 1979 | 122.47 million constant 2024 US$ | -28.7% |
| 1980 | 140.63 million constant 2024 US$ | +14.8% |
| 1981 | 183.87 million constant 2024 US$ | +30.7% |
| 1982 | 275.78 million constant 2024 US$ | +50.0% |
| 1983 | 258.54 million constant 2024 US$ | -6.3% |
| 1984 | 268.08 million constant 2024 US$ | +3.7% |
| 1985 | 299.02 million constant 2024 US$ | +11.5% |
| 1986 | 303.45 million constant 2024 US$ | +1.5% |
| 1987 | 246.74 million constant 2024 US$ | -18.7% |
| 1988 | 307.15 million constant 2024 US$ | +24.5% |
| 1989 | 256.62 million constant 2024 US$ | -16.5% |
| 1990 | 248.94 million constant 2024 US$ | -3.0% |
| 1991 | 380.21 million constant 2024 US$ | +52.7% |
| 1992 | 320.61 million constant 2024 US$ | -15.7% |
| 1993 | 293.73 million constant 2024 US$ | -8.4% |
| 1994 | 271.37 million constant 2024 US$ | -7.6% |
| 1995 | 316.71 million constant 2024 US$ | +16.7% |
| 1996 | 295.04 million constant 2024 US$ | -6.8% |
| 1997 | 242.90 million constant 2024 US$ | -17.7% |
| 1998 | 225.99 million constant 2024 US$ | -7.0% |
| 1999 | 202.69 million constant 2024 US$ | -10.3% |
| 2000 | 196.64 million constant 2024 US$ | -3.0% |
| 2001 | 178.78 million constant 2024 US$ | -9.1% |
| 2002 | 172.42 million constant 2024 US$ | -3.6% |
| 2003 | 154.14 million constant 2024 US$ | -10.6% |
| 2004 | 182.75 million constant 2024 US$ | +18.6% |
| 2005 | 162.27 million constant 2024 US$ | -11.2% |
| 2006 | 185.78 million constant 2024 US$ | +14.5% |
| 2007 | 190.64 million constant 2024 US$ | +2.6% |
| 2008 | 190.57 million constant 2024 US$ | -0.0% |
| 2009 | 211.81 million constant 2024 US$ | +11.1% |
| 2010 | 234.40 million constant 2024 US$ | +10.7% |
| 2011 | 267.06 million constant 2024 US$ | +13.9% |
| 2012 | 306.09 million constant 2024 US$ | +14.6% |
| 2013 | 336.69 million constant 2024 US$ | +10.0% |
| 2014 | 355.29 million constant 2024 US$ | +5.5% |
| 2015 | 389.92 million constant 2024 US$ | +9.7% |
| 2016 | 362.36 million constant 2024 US$ | -7.1% |
| 2017 | 351.54 million constant 2024 US$ | -3.0% |
| 2018 | 383.07 million constant 2024 US$ | +9.0% |
| 2019 | 387.71 million constant 2024 US$ | +1.2% |
| 2020 | 407.49 million constant 2024 US$ | +5.1% |
| 2021 | 391.98 million constant 2024 US$ | -3.8% |
| 2022 | 366.73 million constant 2024 US$ | -6.4% |
| 2023 | 398.01 million constant 2024 US$ | +8.5% |
| 2024 | 413.83 million constant 2024 US$ | +4.0% |
| 2025 | 405.76 million constant 2024 US$ | -1.9% |
Paraguay compared with similar countries
- Paraguay's 405.76 million constant 2024 US$ is below the median for upper middle income countries, which is 1.62 billion constant 2024 US$, 25% of the median. (46 countries reporting)
- Paraguay's 405.76 million constant 2024 US$ is below the median for Latin America & Caribbean, which is 575.75 million constant 2024 US$, 70% of the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 67.33 million constant 2024 US$ | 45.00 million constant 2024 US$ | 95.50 million constant 2024 US$ | 10 |
| 1970s | 130.21 million constant 2024 US$ | 104.21 million constant 2024 US$ | 171.77 million constant 2024 US$ | 10 |
| 1980s | 253.99 million constant 2024 US$ | 140.63 million constant 2024 US$ | 307.15 million constant 2024 US$ | 10 |
| 1990s | 279.82 million constant 2024 US$ | 202.69 million constant 2024 US$ | 380.21 million constant 2024 US$ | 10 |
| 2000s | 182.58 million constant 2024 US$ | 154.14 million constant 2024 US$ | 211.81 million constant 2024 US$ | 10 |
| 2010s | 337.42 million constant 2024 US$ | 234.40 million constant 2024 US$ | 389.92 million constant 2024 US$ | 10 |
| 2020s | 397.30 million constant 2024 US$ | 366.73 million constant 2024 US$ | 413.83 million constant 2024 US$ | 6 |
Countries ranked near Paraguay
- 110 Niger 449.94 million constant 2024 US$ compare
- 111 Mozambique 445.67 million constant 2024 US$ compare
- 112 Nepal 429.02 million constant 2024 US$ compare
- 114 Namibia 386.27 million constant 2024 US$ compare
- 115 Ghana 385.16 million constant 2024 US$ compare
- 116 North Macedonia 346.10 million constant 2024 US$ compare
More reference data data for Paraguay
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.3166 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 5.23 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 7.18 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.6344 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 7.18 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 1.06 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.5539 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 29.48 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 38.68 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 3.45 (2050)
Frequently asked questions
- What is military spending in Paraguay?
- Military spending in Paraguay was 405.76 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 Paraguay?
- The highest recorded value was 413.83 million constant 2024 US$ in 2024.
- What is the lowest military spending recorded in Paraguay?
- The lowest recorded value was 45.00 million constant 2024 US$ in 1961.
- How does Paraguay rank for military spending?
- Paraguay ranks 113th out of 162 countries with data for 2025.
- Is military spending rising or falling in Paraguay?
- Over the last ten years it is up 4.1%. The long-run trend across the full record is rising.
- Where does this Paraguay 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.