Nigeria: Military spending

* indicates monthly or quarterly data series
 Nigeria

Military spending, in billion U.S. dollars

 Latest value 3.11
 Year 2022
 Measure billion U.S. dollars
 Data availability 1960 - 2022
 Average 1.23
 Min - Max 0.02 - 4.47
 Source Stockholm International Peace Research Institute
For that indicator, we provide data for Nigeria from 1960 to 2022. The average value for Nigeria during that period was 1.23 billion U.S. dollars with a minimum of 0.02 billion U.S. dollars in 1960 and a maximum of 4.47 billion U.S. dollars in 2021. The latest value from 2022 is 3.11 billion U.S. dollars. For comparison, the world average in 2022 based on 150 countries is 14.63 billion U.S. dollars. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent values chart
Nigeria - Military spending - Recent values chart

Historical chart
Nigeria - Military spending - historical chart - 1960-2022




Definition: Military spending includes expenditure on peacekeeping, defense ministries, paramilitary forces, and military space activities. Also: military and civil personnel, including retirement pensions; operations and maintenance; procurement; military research and development; and military aid. Defense and current expenditure for past military activities, such as for veterans' benefits, demobilization, conversion, and weapon destruction, are not included.


 Related indicators Latest value Reference Measure
 Military spending 3.11 2022 billion U.S. dollars
 Military spending, percent of GDP 0.64 2022 percent
 Military spending, percent of government spending 4.22 2022 percent
 Armed forces 223,000 2020 people
 Armed forces, percent of labor force 0.32 2020 percent
 Arms exports 3.00 2022 million U.S. dollars
 Arms imports 54.00 2022 dollars
This site uses cookies.
Learn more here


OK