What is the difference in military expenditure between Nigeria and Venezuela?

26.26 million current USD, with Venezuela ahead.

How many years of comparable data are there for Nigeria and Venezuela?

65 years are reported by both, from 1960 to 2024.

Where does this data come from?

SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), published as Military expenditure (current USD). Statizoid refreshes it automatically from the source and publishes the full history for both places.

Nigeria vs Venezuela: Military expenditure (current USD)

Nigeria

2.10 billion current USD

in 2025

Venezuela

2.13 billion current USD

in 2017

Nigeria rank

67th

Venezuela rank

66th

Military expenditure (current USD) over time

Nigeria
Venezuela

How they compare

Venezuela currently reports 2.13 billion current USD against 2.10 billion current USD in Nigeria, a difference of 26.26 million current USD.

The two have swapped places 7 times across 65 shared years of data; in 1960 it was Venezuela ahead.

Nigeria ranks 67th and Venezuela ranks 66th of 168 countries.

Across the 7 decades both report, Nigeria averaged higher in 3 and Venezuela in 4.

Head to head by decade

Decade	Nigeria	Venezuela	Difference	Ahead
1960s	160.52 million current USD	227.15 million current USD	66.62 million current USD	Venezuela
1970s	1.95 billion current USD	585.99 million current USD	1.36 billion current USD	Nigeria
1980s	1.19 billion current USD	1.18 billion current USD	15.75 million current USD	Nigeria
1990s	510.45 million current USD	1.13 billion current USD	616.97 million current USD	Venezuela
2000s	860.53 million current USD	2.76 billion current USD	1.90 billion current USD	Venezuela
2010s	2.12 billion current USD	2.39 billion current USD	265.19 million current USD	Venezuela
2020s	2.89 billion current USD	2.63 million current USD	2.89 billion current USD	Nigeria

Averages of every year both report within each decade.

Frequently asked questions

Which has higher military expenditure, Nigeria or Venezuela?: Venezuela, at 2.13 billion current USD against 2.10 billion current USD in Nigeria as of 2017.
What is the difference in military expenditure between Nigeria and Venezuela?: 26.26 million current USD, with Venezuela ahead.
How many years of comparable data are there for Nigeria and Venezuela?: 65 years are reported by both, from 1960 to 2024.
How do Nigeria and Venezuela rank globally for military expenditure?: Nigeria ranks 67th and Venezuela ranks 66th of 168 countries.
Where does this data come from?: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), published as Military expenditure (current USD). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Nigeria vs Venezuela: Military expenditure. Statizoid, drawing on SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Retrieved 07 November 2026, from https://public-sector.statizoid.com/compare/military-expenditure-current-usd/nigeria/venezuela-rb/

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About this data

Indicator: Military expenditure (current USD)
Unit: current USD
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI)
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 212 places, 10,705 data points, 1960–2025
Last refreshed: 29 October 2026

Military spending USD, in current prices (converted at the exchange rate for the given year)