Military expenditure (current USD), annual growth rate in Nigeria
Nigeria: Military expenditure (current USD), annual growth rate was -63.46 % change on previous year in 2024. ◆ Volatile
Latest (2024)
-63.46 % change on previous year
Change on year
down 24,199.4%
World rank
161st
of 164 countries
All-time high
330.65 % change on previous year
in 1967
All-time low
-63.46 % change on previous year
in 2024
Years of data
64
1961–2024
Military expenditure (current USD), annual growth rate in Nigeria, 1961–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Nigeria recorded -63.46 % change on previous year for military expenditure (current usd), annual growth rate in 2024. That is the lowest value across all 64 years on record.
The figure is down 24,199.4% on the previous year and down 2,412.5% over ten years.
Over the whole period, military expenditure (current usd), annual growth rate in Nigeria peaked at 330.65 % change on previous year in 1967 and was at its lowest, -63.46 % change on previous year, in 2024.
That places Nigeria 161st out of 164 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Military expenditure (current USD), annual growth rate in Nigeria, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 20.96 % change on previous year | — |
| 1962 | 36.63 % change on previous year | +74.8% |
| 1963 | 17.75 % change on previous year | -51.5% |
| 1964 | 19.38 % change on previous year | +9.2% |
| 1965 | 21.39 % change on previous year | +10.4% |
| 1966 | -15.5 % change on previous year | -172.5% |
| 1967 | 330.65 % change on previous year | -2233.4% |
| 1968 | 53.79 % change on previous year | -83.7% |
| 1969 | 85.47 % change on previous year | +58.9% |
| 1970 | -3.23 % change on previous year | -103.8% |
| 1971 | -3.48 % change on previous year | +7.8% |
| 1972 | 41.43 % change on previous year | -1288.9% |
| 1973 | 12.84 % change on previous year | -69.0% |
| 1974 | 32.44 % change on previous year | +152.5% |
| 1975 | 124.15 % change on previous year | +282.8% |
| 1976 | -12.68 % change on previous year | -110.2% |
| 1977 | 18.67 % change on previous year | -247.2% |
| 1978 | -3.68 % change on previous year | -119.7% |
| 1979 | 1.59 % change on previous year | -143.3% |
| 1980 | -1.33 % change on previous year | -183.6% |
| 1981 | -29.52 % change on previous year | +2115.9% |
| 1982 | -22.64 % change on previous year | -23.3% |
| 1983 | -1.48 % change on previous year | -93.4% |
| 1984 | -25.59 % change on previous year | +1624.1% |
| 1985 | -9.85 % change on previous year | -61.5% |
| 1986 | -52.65 % change on previous year | +434.6% |
| 1987 | -60.98 % change on previous year | +15.8% |
| 1988 | 34.42 % change on previous year | -156.4% |
| 1989 | -37.03 % change on previous year | -207.6% |
| 1990 | 62.44 % change on previous year | -268.6% |
| 1991 | -12.11 % change on previous year | -119.4% |
| 1992 | -28.74 % change on previous year | +137.3% |
| 1993 | 66.55 % change on previous year | -331.5% |
| 1994 | 10.53 % change on previous year | -84.2% |
| 1995 | 100.01 % change on previous year | +849.5% |
| 1996 | 9.7 % change on previous year | -90.3% |
| 1997 | 16.73 % change on previous year | +72.6% |
| 1998 | 40.41 % change on previous year | +141.5% |
| 1999 | -57.23 % change on previous year | -241.6% |
| 2000 | -25.02 % change on previous year | -56.3% |
| 2001 | 54.79 % change on previous year | -319.0% |
| 2002 | 57.18 % change on previous year | +4.4% |
| 2003 | -34.5 % change on previous year | -160.3% |
| 2004 | 8.94 % change on previous year | -125.9% |
| 2005 | 5.35 % change on previous year | -40.2% |
| 2006 | 15.12 % change on previous year | +182.8% |
| 2007 | 25.15 % change on previous year | +66.3% |
| 2008 | 66.32 % change on previous year | +163.7% |
| 2009 | -6.87 % change on previous year | -110.4% |
| 2010 | 32.28 % change on previous year | -569.6% |
| 2011 | 19.84 % change on previous year | -38.5% |
| 2012 | -2.87 % change on previous year | -114.5% |
| 2013 | 4.42 % change on previous year | -253.8% |
| 2014 | -2.53 % change on previous year | -157.2% |
| 2015 | -12.39 % change on previous year | +390.6% |
| 2016 | -16.57 % change on previous year | +33.8% |
| 2017 | -5.92 % change on previous year | -64.3% |
| 2018 | 26.02 % change on previous year | -539.7% |
| 2019 | -8.95 % change on previous year | -134.4% |
| 2020 | 38.04 % change on previous year | -525.2% |
| 2021 | 73.93 % change on previous year | +94.3% |
| 2022 | -30.38 % change on previous year | -141.1% |
| 2023 | -0.2611 % change on previous year | -99.1% |
| 2024 | -63.46 % change on previous year | +24199.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 63.39 % change on previous year | -15.5 % change on previous year | 330.65 % change on previous year | 9 |
| 1970s | 20.8 % change on previous year | -12.68 % change on previous year | 124.15 % change on previous year | 10 |
| 1980s | -20.67 % change on previous year | -60.98 % change on previous year | 34.42 % change on previous year | 10 |
| 1990s | 20.83 % change on previous year | -57.23 % change on previous year | 100.01 % change on previous year | 10 |
| 2000s | 16.65 % change on previous year | -34.5 % change on previous year | 66.32 % change on previous year | 10 |
| 2010s | 3.33 % change on previous year | -16.57 % change on previous year | 32.28 % change on previous year | 10 |
| 2020s | 3.57 % change on previous year | -63.46 % change on previous year | 73.93 % change on previous year | 5 |
Countries ranked near Nigeria
- 158 Congo -36.12 % change on previous year compare
- 159 Liberia -45.9 % change on previous year compare
- 160 Sudan -59.84 % change on previous year compare
- 162 Zimbabwe -88.7 % change on previous year compare
- 163 Panama -100 % change on previous year compare
- 163 Venezuela, Bolivarian Republic of -100 % change on previous year compare
More public sector data for Nigeria
- Arms imports 67.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.2879 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0003 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -27.96 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 67.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 4.87 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0045 current USD per US$ of GDP (2024)
- Military expenditure (current USD), gaps filled 1.13 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 102.11 SIPRI trend indicator values per square kilometre (2023)
- Military expenditure (current USD), per square kilometre 3,405 current USD per square kilometre (2023)
Frequently asked questions
- What is military expenditure (current usd), annual growth rate in Nigeria?
- Military expenditure (current usd), annual growth rate in Nigeria was -63.46 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest military expenditure (current usd), annual growth rate recorded in Nigeria?
- The highest recorded value was 330.65 % change on previous year in 1967.
- What is the lowest military expenditure (current usd), annual growth rate recorded in Nigeria?
- The lowest recorded value was -63.46 % change on previous year in 2024.
- How does Nigeria rank for military expenditure (current usd), annual growth rate?
- Nigeria ranks 161st out of 164 countries with data for 2024.
- Is military expenditure (current usd), annual growth rate rising or falling in Nigeria?
- Over the last ten years it is down 2,412.5%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Statizoid (derived), published as part of Military expenditure (current USD), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 64 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Military expenditure (current USD). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Military expenditure SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Military expenditure (current USD). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.