Nigeria vs Venezuela, Bolivarian Republic of: Military expenditure
Nigeria
0.6%
in 2024
Venezuela, Bolivarian Republic of
0.5%
in 2023
Nigeria rank
152nd
Venezuela, Bolivarian Republic of rank
154th
Military expenditure over time
- Nigeria
- Venezuela, Bolivarian Republic of
How they compare
Nigeria currently reports 0.6% against 0.5% in Venezuela, Bolivarian Republic of, a difference of 0.1%.
That makes Nigeria's figure about 1.1 times Venezuela, Bolivarian Republic of's.
The two have swapped places 7 times across 64 shared years of data; in 1960 it was Venezuela, Bolivarian Republic of ahead.
Nigeria ranks 152nd and Venezuela, Bolivarian Republic of ranks 154th of 165 countries.
Across the 7 decades both report, Nigeria averaged higher in 3 and Venezuela, Bolivarian Republic of in 4.
Head to head by decade
| Decade | Nigeria | Venezuela, Bolivarian Republic of | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 3.3% | 2.5% | 0.8% | Nigeria |
| 1970s | 5.4% | 2.3% | 3.1% | Nigeria |
| 1980s | 1.7% | 2.0% | 0.3% | Venezuela, Bolivarian Republic of |
| 1990s | 0.7% | 1.6% | 1.0% | Venezuela, Bolivarian Republic of |
| 2000s | 0.5% | 1.5% | 1.0% | Venezuela, Bolivarian Republic of |
| 2010s | 0.5% | 1.2% | 0.7% | Venezuela, Bolivarian Republic of |
| 2020s | 0.8% | 0.8% | 0.0% | Nigeria |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher military expenditure, Nigeria or Venezuela, Bolivarian Republic of?
- Nigeria, at 0.6% against 0.5% in Venezuela, Bolivarian Republic of as of 2024.
- What is the difference in military expenditure between Nigeria and Venezuela, Bolivarian Republic of?
- 0.1%, with Nigeria ahead.
- How many years of comparable data are there for Nigeria and Venezuela, Bolivarian Republic of?
- 64 years are reported by both, from 1960 to 2023.
- How do Nigeria and Venezuela, Bolivarian Republic of rank globally for military expenditure?
- Nigeria ranks 152nd and Venezuela, Bolivarian Republic of ranks 154th of 165 countries.
- Where does this data come from?
- SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), published as Military expenditure (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Military expenditure by country as percentage of gross domestic product