Military expenditure in Nicaragua
Nicaragua: Military expenditure was 105.26 million current USD in 2024. ◆ Volatile
Military expenditure in Nicaragua, 1968–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
In 2024, military expenditure in Nicaragua stood at 105.26 million current USD.
Compared with earlier readings it is up 6.8% on the previous year and up 29.3% over ten years.
Over the whole period, military expenditure in Nicaragua peaked at 1.14 billion current USD in 1990 and was at its lowest, 6.89 million current USD, in 1968.
Nicaragua ranks 145th of 167 countries on this measure, in the bottom 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 | 6.94 million current USD | 6.89 million current USD | 6.99 million current USD | 2 |
| 1970s | 20.90 million current USD | 8.35 million current USD | 44.55 million current USD | 10 |
| 1980s | 59.54 million current USD | 47.16 million current USD | 71.93 million current USD | 2 |
| 1990s | 148.31 million current USD | 26.27 million current USD | 1.14 billion current USD | 10 |
| 2000s | 35.70 million current USD | 28.19 million current USD | 42.66 million current USD | 10 |
| 2010s | 75.10 million current USD | 44.27 million current USD | 98.93 million current USD | 10 |
| 2020s | 89.07 million current USD | 77.92 million current USD | 105.26 million current USD | 5 |
Countries ranked near Nicaragua
More public sector data for Nicaragua
- Arms imports 13.00 million SIPRI trend indicator values (2019)
- Tax revenue 20.1% (2024)
- Taxes on income, profits and capital gains 41.3% (2024)
- Taxes on goods and services 47.5% (2024)
- Net investment in nonfinancial assets 3.2% (2024)
- Net lending (+) / net borrowing (-) 2.3% (2024)
- Interest payments 7.0% (2024)
- Grants and other revenue 7.1% (2024)
- Interest payments 9.2% (2023)
- Other taxes 0.5% (2024)
Frequently asked questions
- What is military expenditure in Nicaragua?
- Military expenditure in Nicaragua was 105.26 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 Nicaragua?
- The highest recorded value was 1.14 billion current USD in 1990.
- What is the lowest military expenditure recorded in Nicaragua?
- The lowest recorded value was 6.89 million current USD in 1968.
- How does Nicaragua rank for military expenditure?
- Nicaragua ranks 145th out of 167 countries with data for 2024.
- Is military expenditure rising or falling in Nicaragua?
- Over the last ten years it is up 29.3%. The long-run trend across the full record is volatile.
- Where does this Nicaragua 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)