Military expenditure in Nepal
Nepal: Military expenditure was 426.52 million current USD in 2024. ◆ Volatile
Latest (2024)
426.52 million current USD
Change on year
down 2.3%
World rank
111th
of 168 countries
All-time high
454.51 million current USD
in 2022
All-time low
5.19 million current USD
in 1970
Years of data
55
1970–2024
Military expenditure in Nepal, 1970–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
The most recent figure for military expenditure in Nepal is 426.52 million current USD, measured in 2024.
That represents a change of down 2.3% on the previous year and up 30.0% over ten years.
Over the whole period, military expenditure in Nepal peaked at 454.51 million current USD in 2022 and was at its lowest, 5.19 million current USD, in 1970.
That places Nepal 111th 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 Nepal, year by year
| Year | current USD | Change |
|---|---|---|
| 1970 | 5.19 million current USD | — |
| 1971 | 5.89 million current USD | +13.6% |
| 1972 | 6.50 million current USD | +10.4% |
| 1973 | 7.15 million current USD | +10.0% |
| 1974 | 8.45 million current USD | +18.1% |
| 1975 | 10.53 million current USD | +24.6% |
| 1976 | 11.88 million current USD | +12.8% |
| 1977 | 13.21 million current USD | +11.2% |
| 1978 | 14.87 million current USD | +12.6% |
| 1979 | 17.30 million current USD | +16.4% |
| 1980 | 20.08 million current USD | +16.1% |
| 1981 | 21.96 million current USD | +9.3% |
| 1982 | 25.49 million current USD | +16.1% |
| 1983 | 29.08 million current USD | +14.1% |
| 1984 | 29.21 million current USD | +0.4% |
| 1985 | 30.53 million current USD | +4.5% |
| 1986 | 31.05 million current USD | +1.7% |
| 1987 | 33.93 million current USD | +9.3% |
| 1988 | 35.79 million current USD | +5.5% |
| 1989 | 36.33 million current USD | +1.5% |
| 1990 | 37.93 million current USD | +4.4% |
| 1991 | 35.43 million current USD | -6.6% |
| 1992 | 37.61 million current USD | +6.1% |
| 1993 | 37.04 million current USD | -1.5% |
| 1994 | 39.25 million current USD | +6.0% |
| 1995 | 39.77 million current USD | +1.3% |
| 1996 | 39.55 million current USD | -0.6% |
| 1997 | 42.59 million current USD | +7.7% |
| 1998 | 42.27 million current USD | -0.7% |
| 1999 | 47.48 million current USD | +12.3% |
| 2000 | 51.36 million current USD | +8.2% |
| 2001 | 64.70 million current USD | +26.0% |
| 2002 | 85.41 million current USD | +32.0% |
| 2003 | 102.93 million current USD | +20.5% |
| 2004 | 130.65 million current USD | +26.9% |
| 2005 | 159.33 million current USD | +21.9% |
| 2006 | 157.25 million current USD | -1.3% |
| 2007 | 169.57 million current USD | +7.8% |
| 2008 | 187.07 million current USD | +10.3% |
| 2009 | 209.70 million current USD | +12.1% |
| 2010 | 254.95 million current USD | +21.6% |
| 2011 | 284.52 million current USD | +11.6% |
| 2012 | 256.69 million current USD | -9.8% |
| 2013 | 281.04 million current USD | +9.5% |
| 2014 | 328.12 million current USD | +16.8% |
| 2015 | 323.80 million current USD | -1.3% |
| 2016 | 356.50 million current USD | +10.1% |
| 2017 | 436.75 million current USD | +22.5% |
| 2018 | 429.37 million current USD | -1.7% |
| 2019 | 428.70 million current USD | -0.2% |
| 2020 | 434.38 million current USD | +1.3% |
| 2021 | 453.26 million current USD | +4.3% |
| 2022 | 454.51 million current USD | +0.3% |
| 2023 | 436.46 million current USD | -4.0% |
| 2024 | 426.52 million current USD | -2.3% |
Nepal compared with similar countries
- Nepal's 426.52 million current USD is below the median for lower middle income countries, which is 493.99 million current USD, 86% of the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 10.10 million current USD | 5.19 million current USD | 17.30 million current USD | 10 |
| 1980s | 29.35 million current USD | 20.08 million current USD | 36.33 million current USD | 10 |
| 1990s | 39.89 million current USD | 35.43 million current USD | 47.48 million current USD | 10 |
| 2000s | 131.80 million current USD | 51.36 million current USD | 209.70 million current USD | 10 |
| 2010s | 338.04 million current USD | 254.95 million current USD | 436.75 million current USD | 10 |
| 2020s | 441.03 million current USD | 426.52 million current USD | 454.51 million current USD | 5 |
Countries ranked near Nepal
- 108 Kyrgyzstan 473.05 million current USD compare
- 109 Mozambique 450.45 million current USD compare
- 110 Niger 435.88 million current USD compare
- 112 El Salvador 425.20 million current USD compare
- 113 Guatemala 415.19 million current USD compare
- 114 Paraguay 413.97 million current USD compare
More public sector data for Nepal
- 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 6 (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 Nepal?
- Military expenditure in Nepal was 426.52 million current USD in 2024, according to SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI).
- What is the highest military expenditure recorded in Nepal?
- The highest recorded value was 454.51 million current USD in 2022.
- What is the lowest military expenditure recorded in Nepal?
- The lowest recorded value was 5.19 million current USD in 1970.
- How does Nepal rank for military expenditure?
- Nepal ranks 111th out of 168 countries with data for 2024.
- Is military expenditure rising or falling in Nepal?
- Over the last ten years it is up 30.0%. The long-run trend across the full record is volatile.
- Where does this Nepal data come from?
- The figures come from SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), published as part of Military expenditure (current USD). Statizoid updates them automatically from the source API.
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About this data
Military spending USD, in current prices (converted at the exchange rate for the given year)