Paraguay Military Spending/Defense Budget 1960-2024

Military expenditures data from SIPRI are derived from the NATO definition, which includes all current and capital expenditures on the armed forces, including peacekeeping forces; defense ministries and other government agencies engaged in defense projects; paramilitary forces, if these are judged to be trained and equipped for military operations; and military space activities. Such expenditures include military and civil personnel, including retirement pensions of military personnel and social services for personnel; operation and maintenance; procurement; military research and development; and military aid (in the military expenditures of the donor country).
  • Paraguay military spending/defense budget for 2022 was $0.37B, a 1.86% decline from 2021.
  • Paraguay military spending/defense budget for 2021 was $0.37B, a 2.27% increase from 2020.
  • Paraguay military spending/defense budget for 2020 was $0.36B, a 3.04% decline from 2019.
  • Paraguay military spending/defense budget for 2019 was $0.38B, a 2.79% decline from 2018.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Billions of US $
China $291.96B
Russia $86.37B
Brazil $20.21B
Turkey $10.64B
Colombia $9.94B
Algeria $9.15B
Mexico $8.54B
Iran $6.85B
Thailand $5.72B
Romania $5.19B
Lebanon $4.74B
Iraq $4.68B
Malaysia $3.67B
South Africa $3.00B
Azerbaijan $2.99B
Peru $2.85B
Ecuador $2.49B
Jordan $2.32B
Serbia $1.43B
Bulgaria $1.34B
Kazakhstan $1.13B
Belarus $0.82B
Armenia $0.80B
Dominican Republic $0.76B
Botswana $0.49B
Guatemala $0.43B
Namibia $0.37B
Paraguay $0.37B
Albania $0.29B
Gabon $0.28B
North Macedonia $0.22B
Jamaica $0.22B
Bosnia $0.18B
Equatorial Guinea $0.16B
Montenegro $0.10B
Guyana $0.08B
Fiji $0.07B
Belize $0.02B
Mauritius $0.02B
Venezuela $0.00B
Tuvalu $0.00B
Marshall Islands $0.00B
American Samoa $0.00B
Tonga $0.00B
Maldives $0.00B
Nauru $0.00B
Turkmenistan $0.00B
St. Lucia $0.00B
Libya $0.00B
Suriname $0.00B
Samoa $0.00B
Dominica $0.00B
Cuba $0.00B
Grenada $0.00B
St. Vincent and the Grenadines $0.00B
Costa Rica $0.00B
Paraguay Military Spending/Defense Budget - Historical Data
Year Billions of US $ % of GDP
2022 $0.37B 0.83%
2021 $0.37B 0.93%
2020 $0.36B 1.03%
2019 $0.38B 0.97%
2018 $0.39B 0.96%
2017 $0.35B 0.89%
2016 $0.34B 0.95%
2015 $0.39B 1.07%
2014 $0.40B 0.99%
2013 $0.37B 0.96%
2012 $0.32B 0.96%
2011 $0.29B 0.84%
2010 $0.20B 0.75%
2009 $0.17B 0.75%
2008 $0.17B 0.68%
2007 $0.13B 0.74%
2006 $0.11B 0.79%
2005 $0.08B 0.72%
2004 $0.08B 0.88%
2003 $0.06B 0.83%
2002 $0.07B 0.97%
2001 $0.09B 1.07%
2000 $0.11B 1.24%
1999 $0.12B 1.39%
1998 $0.14B 1.54%
1997 $0.17B 1.69%
1996 $0.20B 2.06%
1995 $0.21B 2.28%
1994 $0.16B 2.05%
1993 $0.16B 2.18%
1992 $0.17B 2.37%
1991 $0.20B 2.83%
1990 $0.11B 2.13%
1989 $0.10B 2.43%
1988 $0.18B 3.20%
1987 $0.12B 2.77%
1986 $0.19B 3.80%
1985 $0.16B 3.76%
1984 $0.17B 3.51%
1983 $0.22B 3.65%
1982 $0.21B 3.80%
1981 $0.13B 2.53%
1980 $0.09B 2.18%
1979 $0.06B 2.03%
1978 $0.07B 2.96%
1977 $0.06B 2.89%
1976 $0.05B 2.99%
1975 $0.04B 3.13%
1974 $0.03B 2.56%
1973 $0.03B 3.42%
1972 $0.03B 3.85%
1971 $0.02B 3.23%
1970 $0.02B 3.32%
1969 $0.02B 3.16%
1968 $0.02B 3.21%
1967 $0.01B 3.03%
1966 $0.01B 2.92%
1965 $0.01B 2.63%
1964 $0.01B 2.40%
1963 $0.01B 2.40%
1962 $0.01B 2.30%
1961 $0.01B 2.28%
1960 $0.01B 2.53%