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Military Spending / Nigeria
Public Finance

Nigeria Military Spending

Current and historical military spending data for Nigeria, including latest value (0.56), trend, international ranking, comparison and source notes.
COUNTRY: Nigeria
UNIT: percent of GDP
SOURCE: World Bank / public data sources
CACHE: partial
UPDATED: 2026-06-05T19:30:31+02:00
Economy Data Rating
Nigeria · Economic Stability Rating
Composite rating based on inflation, growth, debt, unemployment and current account.
BB
58 / 100
Moderate risk · limited data
Fiscal stability n/a
Macroeconomic stability 12 / 20
External stability 10.3 / 15
Financial robustness 6.3 / 15
Structural stability 0 / 10
Future capacity 6.2 / 10
Demographic capacity 5 / 5
Method: Economy Data 7-pillar stability model with structural financial robustness adjustment. This is a transparent Economy Data heuristic, not an official sovereign credit rating. Data coverage: 65% of weighted inputs available.
Time range: 1960–2024 1960– 2024
1960 2024
Selected year: 2024 · Value: n/a 2024

Nigeria · military expenditure as a percentage of gdp.

1960–2024
0.56 percent of GDP
0.84 percent of GDP
0.59 percent of GDP
69 selected year
max 8 6 4 2 0
1960 1973 1986 1999 2012 2024
military spending rate reference line

Countries by military spending

full ranking
Country Rate Class
Ukraine 34.48 high
Israel 8.78 high
Algeria 7.97 high
Saudi Arabia 7.3 high
Russia 7.05 high
Qatar 6.5 medium
United Arab Emirates 5.64 medium
Oman 5.59 medium

Interpretation

short note

This public finance indicator helps assess fiscal capacity, budget pressure and the role of government.

Values should be interpreted together with country context, time range, source coverage and related macroeconomic indicators.

Production version: show source, timestamp and fallback status here.

Comparison

latest
South Africa 0.7
Egypt 0.67
Morocco 3.52
United States 3.42
China 1.71

Related indicators

internal links
Government Debt GC.DOD.TOTL.GD.ZS
Government Revenue GC.REV.XGRT.GD.ZS
Government Expense GC.XPN.TOTL.GD.ZS
Fiscal Balance GC.BAL.CASH.GD.ZS
GDP Growth NY.GDP.MKTP.KD.ZG

Source layer

planned

Production version should display source, timestamp and fallback status here.

Provider: worldbank · Indicator code: MS.MIL.XPND.GD.ZS

Cache: partial · Updated: 2026-06-05T19:30:31+02:00

Nigeria Snapshot

country profile
Population 232.68 m
GDP 252.26 bn
Debt/GDP n/a
Inflation 33.24%
Unemployment 3.06%
Currency n/a
Region Africa
Income group Lower middle income

Nigeria Military Spending: data context and use

This page is part of the Economy Data indicator system. It provides structured country-level economic data, historical series, rankings and comparison views for researchers, students, journalists and decision makers. The page combines indicator metadata, country context, latest available values, ranking information and source notes.

The selected indicator is Military Spending for Nigeria. The data are designed for quick comparison across countries and for deeper interpretation together with related macroeconomic indicators such as GDP growth, government debt, unemployment, current account balance, exports, imports, population and inequality.

Keyphrase synonyms: nigeria military spending rate, military spending data nigeria, nigeria military spending statistics, nigeria percent of gdp.