Military expenditure (current USD) in Paraguay
Paraguay: Military expenditure was 413.97 million current USD in 2024. ◆ Volatile
Latest (2024)
413.97 million current USD
Change on year
up 4.1%
World rank
114th
of 168 countries
All-time high
413.97 million current USD
in 2024
All-time low
7.09 million current USD
in 1960
Years of data
65
1960–2024
Military expenditure in Paraguay, 1960–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
Paraguay recorded 413.97 million current USD for military expenditure in 2024. That is the highest value across all 65 years on record.
That represents a change of up 4.1% on the previous year and up 3.9% over ten years.
Over the whole period, military expenditure in Paraguay peaked at 413.97 million current USD in 2024 and was at its lowest, 7.09 million current USD, in 1960.
Paraguay ranks 114th of 168 countries on this measure, 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 Paraguay, year by year
| Year | current USD | Change |
|---|---|---|
| 1960 | 7.09 million current USD | — |
| 1961 | 7.19 million current USD | +1.4% |
| 1962 | 8.28 million current USD | +15.2% |
| 1963 | 9.21 million current USD | +11.3% |
| 1964 | 9.82 million current USD | +6.6% |
| 1965 | 11.68 million current USD | +19.0% |
| 1966 | 13.59 million current USD | +16.3% |
| 1967 | 14.94 million current USD | +9.9% |
| 1968 | 16.62 million current USD | +11.3% |
| 1969 | 17.86 million current USD | +7.4% |
| 1970 | 19.32 million current USD | +8.2% |
| 1971 | 20.75 million current USD | +7.4% |
| 1972 | 28.85 million current USD | +39.0% |
| 1973 | 30.92 million current USD | +7.2% |
| 1974 | 31.43 million current USD | +1.7% |
| 1975 | 43.49 million current USD | +38.3% |
| 1976 | 46.76 million current USD | +7.5% |
| 1977 | 55.49 million current USD | +18.7% |
| 1978 | 69.52 million current USD | +25.3% |
| 1979 | 63.53 million current USD | -8.6% |
| 1980 | 89.33 million current USD | +40.6% |
| 1981 | 131.94 million current USD | +47.7% |
| 1982 | 208.03 million current USD | +57.7% |
| 1983 | 221.22 million current USD | +6.3% |
| 1984 | 173.00 million current USD | -21.8% |
| 1985 | 158.36 million current USD | -8.5% |
| 1986 | 191.44 million current USD | +20.9% |
| 1987 | 116.92 million current USD | -38.9% |
| 1988 | 178.44 million current USD | +52.6% |
| 1989 | 98.14 million current USD | -45.0% |
| 1990 | 112.23 million current USD | +14.4% |
| 1991 | 197.61 million current USD | +76.1% |
| 1992 | 169.56 million current USD | -14.2% |
| 1993 | 157.93 million current USD | -6.9% |
| 1994 | 161.10 million current USD | +2.0% |
| 1995 | 206.93 million current USD | +28.4% |
| 1996 | 202.01 million current USD | -2.4% |
| 1997 | 167.98 million current USD | -16.8% |
| 1998 | 139.26 million current USD | -17.1% |
| 1999 | 116.55 million current USD | -16.3% |
| 2000 | 110.25 million current USD | -5.4% |
| 2001 | 91.30 million current USD | -17.2% |
| 2002 | 69.89 million current USD | -23.4% |
| 2003 | 63.51 million current USD | -9.1% |
| 2004 | 84.47 million current USD | +33.0% |
| 2005 | 77.47 million current USD | -8.3% |
| 2006 | 106.56 million current USD | +37.5% |
| 2007 | 132.39 million current USD | +24.2% |
| 2008 | 168.16 million current USD | +27.0% |
| 2009 | 168.49 million current USD | +0.2% |
| 2010 | 204.60 million current USD | +21.4% |
| 2011 | 285.11 million current USD | +39.3% |
| 2012 | 320.91 million current USD | +12.6% |
| 2013 | 371.22 million current USD | +15.7% |
| 2014 | 398.37 million current USD | +7.3% |
| 2015 | 386.54 million current USD | -3.0% |
| 2016 | 343.23 million current USD | -11.2% |
| 2017 | 348.18 million current USD | +1.4% |
| 2018 | 386.56 million current USD | +11.0% |
| 2019 | 375.78 million current USD | -2.8% |
| 2020 | 364.34 million current USD | -3.0% |
| 2021 | 372.60 million current USD | +2.3% |
| 2022 | 365.69 million current USD | -1.9% |
| 2023 | 397.58 million current USD | +8.7% |
| 2024 | 413.97 million current USD | +4.1% |
Paraguay compared with similar countries
- Paraguay's 413.97 million current USD is below the median for upper middle income countries, which is 1.38 billion current USD, 30% of the median. (48 countries reporting)
- Paraguay's 413.97 million current USD is below the median for Latin America & Caribbean, which is 420.19 million current USD, 99% of the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 11.63 million current USD | 7.09 million current USD | 17.86 million current USD | 10 |
| 1970s | 41.01 million current USD | 19.32 million current USD | 69.52 million current USD | 10 |
| 1980s | 156.68 million current USD | 89.33 million current USD | 221.22 million current USD | 10 |
| 1990s | 163.12 million current USD | 112.23 million current USD | 206.93 million current USD | 10 |
| 2000s | 107.25 million current USD | 63.51 million current USD | 168.49 million current USD | 10 |
| 2010s | 342.05 million current USD | 204.60 million current USD | 398.37 million current USD | 10 |
| 2020s | 382.84 million current USD | 364.34 million current USD | 413.97 million current USD | 5 |
Countries ranked near Paraguay
More public sector data for Paraguay
- Democracy, 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)
- 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)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, 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 Paraguay?
- Military expenditure in Paraguay was 413.97 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 Paraguay?
- The highest recorded value was 413.97 million current USD in 2024.
- What is the lowest military expenditure recorded in Paraguay?
- The lowest recorded value was 7.09 million current USD in 1960.
- How does Paraguay rank for military expenditure?
- Paraguay ranks 114th out of 168 countries with data for 2024.
- Is military expenditure rising or falling in Paraguay?
- Over the last ten years it is up 3.9%. The long-run trend across the full record is volatile.
- Where does this Paraguay 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)