Military expenditure in Guyana
Guyana: Military expenditure was 42.23 billion current LCU in 2024. ◆ Volatile
Latest (2024)
42.23 billion current LCU
Change on year
up 83.2%
World rank
88th
of 168 countries
All-time high
42.23 billion current LCU
in 2024
All-time low
10.60 million current LCU
in 1973
Years of data
49
1973–2024
Military expenditure in Guyana, 1973–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current LCU.
Analysis
In 2024, military expenditure in Guyana stood at 42.23 billion current LCU. That is the highest value across all 49 years on record.
That represents a change of up 83.2% on the previous year and up 420.8% over ten years.
Over the whole period, military expenditure in Guyana peaked at 42.23 billion current LCU in 2024 and was at its lowest, 10.60 million current LCU, in 1973.
That places Guyana 88th out of 168 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Military expenditure in Guyana, year by year
| Year | current LCU | Change |
|---|---|---|
| 1973 | 10.60 million current LCU | — |
| 1974 | 24.80 million current LCU | +134.0% |
| 1975 | 76.40 million current LCU | +208.1% |
| 1976 | 86.70 million current LCU | +13.5% |
| 1977 | 61.90 million current LCU | -28.6% |
| 1978 | 44.20 million current LCU | -28.6% |
| 1979 | 43.80 million current LCU | -0.9% |
| 1980 | 55.80 million current LCU | +27.4% |
| 1981 | 63.00 million current LCU | +12.9% |
| 1982 | 74.13 million current LCU | +17.7% |
| 1983 | 66.30 million current LCU | -10.6% |
| 1984 | 79.47 million current LCU | +19.9% |
| 1985 | 165.70 million current LCU | +108.5% |
| 1986 | 118.90 million current LCU | -28.2% |
| 1987 | 103.60 million current LCU | -12.9% |
| 1988 | 110.20 million current LCU | +6.4% |
| 1989 | 163.60 million current LCU | +48.5% |
| 1990 | 141.90 million current LCU | -13.3% |
| 1991 | 227.13 million current LCU | +60.1% |
| 1992 | 453.18 million current LCU | +99.5% |
| 1993 | 562.24 million current LCU | +24.1% |
| 1994 | 758.60 million current LCU | +34.9% |
| 1995 | 808.14 million current LCU | +6.5% |
| 1996 | 780.25 million current LCU | -3.5% |
| 2000 | 2.30 billion current LCU | +194.3% |
| 2001 | 2.69 billion current LCU | +17.2% |
| 2002 | 3.17 billion current LCU | +17.9% |
| 2003 | 3.17 billion current LCU | -0.2% |
| 2004 | 4.39 billion current LCU | +38.5% |
| 2005 | 3.70 billion current LCU | -15.7% |
| 2006 | 3.84 billion current LCU | +3.8% |
| 2007 | 5.05 billion current LCU | +31.6% |
| 2008 | 6.21 billion current LCU | +23.0% |
| 2009 | 6.33 billion current LCU | +1.9% |
| 2010 | 6.33 billion current LCU | -0.1% |
| 2011 | 6.61 billion current LCU | +4.5% |
| 2012 | 6.85 billion current LCU | +3.6% |
| 2013 | 7.22 billion current LCU | +5.4% |
| 2014 | 8.11 billion current LCU | +12.3% |
| 2015 | 9.59 billion current LCU | +18.2% |
| 2016 | 10.68 billion current LCU | +11.4% |
| 2017 | 12.29 billion current LCU | +15.0% |
| 2018 | 12.84 billion current LCU | +4.5% |
| 2019 | 14.02 billion current LCU | +9.2% |
| 2020 | 16.00 billion current LCU | +14.1% |
| 2021 | 16.01 billion current LCU | +0.1% |
| 2022 | 18.46 billion current LCU | +15.3% |
| 2023 | 23.06 billion current LCU | +24.9% |
| 2024 | 42.23 billion current LCU | +83.2% |
Guyana compared with similar countries
- Guyana's 42.23 billion current LCU is above the median for high income countries, which is 14.02 billion current LCU, 3.0× the median. (54 countries reporting)
- Guyana's 42.23 billion current LCU is above the median for Latin America & Caribbean, which is 12.04 billion current LCU, 3.5× the median. (24 countries reporting)
Biggest year-on-year movements
Years where Military expenditure in Guyana 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.
| Year | Change | From | To |
|---|---|---|---|
| 1975 | +208.1% | 24.80 million current LCU | 76.40 million current LCU |
| 2000 | +194.3% | 780.25 million current LCU | 2.30 billion current LCU |
| 1974 | +134.0% | 10.60 million current LCU | 24.80 million current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 49.77 million current LCU | 10.60 million current LCU | 86.70 million current LCU | 7 |
| 1980s | 100.07 million current LCU | 55.80 million current LCU | 165.70 million current LCU | 10 |
| 1990s | 533.06 million current LCU | 141.90 million current LCU | 808.14 million current LCU | 7 |
| 2000s | 4.09 billion current LCU | 2.30 billion current LCU | 6.33 billion current LCU | 10 |
| 2010s | 9.45 billion current LCU | 6.33 billion current LCU | 14.02 billion current LCU | 10 |
| 2020s | 23.15 billion current LCU | 16.00 billion current LCU | 42.23 billion current LCU | 5 |
Countries ranked near Guyana
More public sector data for Guyana
- Democracy, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Democracy 7 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is military expenditure in Guyana?
- Military expenditure in Guyana was 42.23 billion current LCU in 2024, according to SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI).
- What is the highest military expenditure recorded in Guyana?
- The highest recorded value was 42.23 billion current LCU in 2024.
- What is the lowest military expenditure recorded in Guyana?
- The lowest recorded value was 10.60 million current LCU in 1973.
- How does Guyana rank for military expenditure?
- Guyana ranks 88th out of 168 countries with data for 2024.
- Is military expenditure rising or falling in Guyana?
- Over the last ten years it is up 420.8%. The long-run trend across the full record is volatile.
- Where does this Guyana data come from?
- The figures come from SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), published as part of Military expenditure (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 49 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Military expenditure in local currency at current prices (by calendar year)