In 2022, the ratio of military expenditure to gross domestic product (GDP) in Nigeria decreased by 0.4 percentage points (-39.6 percent) compared to 2021. Nevertheless, the last two years recorded a significantly higher ratio than the preceding years. Military expenditure figures refer to the amount of money spent on a country's armed forces, including peacekeeping and defense operations, among others. When comparing international figures, there may be some inconsistencies depending on what respective countries consider as military spending.
Find more key insights for the ratio of military expenditure to gross domestic product (GDP) in countries like Mali and Sierra Leone.
Nigeria: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022
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World Bank. (October 24, 2024). Nigeria: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022 [Graph]. In Statista. Retrieved November 09, 2024, from https://www.statista.com/statistics/810524/ratio-of-military-expenditure-to-gross-domestic-product-gdp-nigeria/
World Bank. "Nigeria: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022." Chart. October 24, 2024. Statista. Accessed November 09, 2024. https://www.statista.com/statistics/810524/ratio-of-military-expenditure-to-gross-domestic-product-gdp-nigeria/
World Bank. (2024). Nigeria: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022. Statista. Statista Inc.. Accessed: November 09, 2024. https://www.statista.com/statistics/810524/ratio-of-military-expenditure-to-gross-domestic-product-gdp-nigeria/
World Bank. "Nigeria: Ratio of Military Spending to Gross Domestic Product (Gdp) from 2012 to 2022." Statista, Statista Inc., 24 Oct 2024, https://www.statista.com/statistics/810524/ratio-of-military-expenditure-to-gross-domestic-product-gdp-nigeria/
World Bank, Nigeria: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022 Statista, https://www.statista.com/statistics/810524/ratio-of-military-expenditure-to-gross-domestic-product-gdp-nigeria/ (last visited November 09, 2024)
Nigeria: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022 [Graph], World Bank, October 24, 2024. [Online]. Available: https://www.statista.com/statistics/810524/ratio-of-military-expenditure-to-gross-domestic-product-gdp-nigeria/
