Military expenditure in Paraguay
Paraguay: Military expenditure was 3.13 trillion current LCU in 2024. ◆ Volatile
Military expenditure in Paraguay, 1960–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current LCU.
Analysis
In 2024, military expenditure in Paraguay stood at 3.13 trillion current LCU. That is the highest value across all 65 years on record.
That represents a change of up 8.0% on the previous year and up 76.0% over ten years.
Over the whole period, military expenditure in Paraguay peaked at 3.13 trillion current LCU in 2024 and was at its lowest, 873.07 million current LCU, in 1960.
Paraguay ranks 19th of 167 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1.46 billion current LCU | 873.07 million current LCU | 2.25 billion current LCU | 10 |
| 1970s | 5.17 billion current LCU | 2.43 billion current LCU | 8.76 billion current LCU | 10 |
| 1980s | 49.63 billion current LCU | 11.26 billion current LCU | 103.66 billion current LCU | 10 |
| 1990s | 316.74 billion current LCU | 138.03 billion current LCU | 415.50 billion current LCU | 10 |
| 2000s | 538.71 billion current LCU | 374.87 billion current LCU | 836.60 billion current LCU | 10 |
| 2010s | 1.74 trillion current LCU | 968.90 billion current LCU | 2.30 trillion current LCU | 10 |
| 2020s | 2.71 trillion current LCU | 2.47 trillion current LCU | 3.13 trillion current LCU | 5 |
Countries ranked near Paraguay
More public sector data for Paraguay
- Arms imports 5.00 million SIPRI trend indicator values (2021)
- Tax revenue 11.3% (2024)
- Taxes on income, profits and capital gains 16.5% (2024)
- Taxes on goods and services 36.1% (2024)
- Net investment in nonfinancial assets 2.1% (2024)
- Net lending (+) / net borrowing (-) -2.1% (2024)
- Interest payments 10.3% (2024)
- Grants and other revenue 19.9% (2024)
- Interest payments 8.8% (2023)
- Other taxes 1.2% (2024)
Frequently asked questions
- What is military expenditure in Paraguay?
- Military expenditure in Paraguay was 3.13 trillion current LCU 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 3.13 trillion current LCU in 2024.
- What is the lowest military expenditure recorded in Paraguay?
- The lowest recorded value was 873.07 million current LCU in 1960.
- How does Paraguay rank for military expenditure?
- Paraguay ranks 19th out of 167 countries with data for 2024.
- Is military expenditure rising or falling in Paraguay?
- Over the last ten years it is up 76.0%. 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 LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 65 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Military expenditure in local currency at current prices (by calendar year)